Well - once again I have to apologize for the delay in posts. The last few days have been insane with work to the point where I have had barely a chance to sleep. But, fortunately, some free time has finally been unearthed and I have some time to get back to this.
OK - The Richest Man in Babylon - parables for getting wealthy. The book was written in 1926 and as I said before the writing style is simplistic and can be really annoying at times. But the principles the book espouses are about as foolproof as you can get for acquiring wealth and, further, if a person follows this advice, the chances of him becoming a victim of fraud is greatly reduced.
So - onto principal number 1 - "A portion of all you earn is yours to keep."
Clayton advises that a person put aside at least 10% of his income. In other words - pay yourself first. If you earn $1000 per month, then take $100 and put it aside for long-term investment. This "10%" rule, or more precisely, the "pay yourself first" rule, is the key for wealth acquisition. The very first thing you should do upon getting paid or receiving any kind of monies is to put 10% aside and pay yourself.
OK - The Richest Man in Babylon - parables for getting wealthy. The book was written in 1926 and as I said before the writing style is simplistic and can be really annoying at times. But the principles the book espouses are about as foolproof as you can get for acquiring wealth and, further, if a person follows this advice, the chances of him becoming a victim of fraud is greatly reduced.
So - onto principal number 1 - "A portion of all you earn is yours to keep."
Clayton advises that a person put aside at least 10% of his income. In other words - pay yourself first. If you earn $1000 per month, then take $100 and put it aside for long-term investment. This "10%" rule, or more precisely, the "pay yourself first" rule, is the key for wealth acquisition. The very first thing you should do upon getting paid or receiving any kind of monies is to put 10% aside and pay yourself.
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----------à>>>>>>>>>>>>>>>gene
tausk
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