5 Best books on personal finance to read this year
5 Best books on personal finance to read this year
10 best life lessons to be rich - The richest man in Babylon
10 best life lessons to be rich - The richest man in Babylon
In today's world everyone wants to be rich. But they don't know what are that things which rich follows which made them so rich. How to be rich? How to be wealth? If you want to be rich then you have to learn from rich people. And what is more interesting than to learn about being rich from the self-made and one of the richest city of all time? The name is Babylon.
Babylon was surrounded by desserts and infertile lands and there is no hope of making is the great city. But there is the will there is the way. The people of Babylon were aware of all this curse and they don't know what to do about this? But there is one person name Arkad who learn the principles of being rich and then first made himself the richest man in Babylon. And also help his country to be the richest city of all time.
In this blog we are going to learn the laws which Arkad and his city used to be rich. This is the 3 blog on the richest man in Babylon series if you haven't read other 2 then make sure to read it.
So let's start our blog on, "10 best life lessons to be rich - The richest man in Babylon."
Book :- The richest man in Babylon
10 best life lessons to be rich - The richest man in Babylon
1. Pay yourself first
When you get your salary then whom you pay first? Bank? Landlord? If you do this then you are making the biggest mistake of your life which will you always poor. You have to pay yourself first and the do spending from remaining. Paying yourself first doesn't mean you have to buy new clothes of yourself. You have to put this money in your own pocket and don't let anyone touch it. When you have money then you'll feel the craving of buying new things then control your desire. This is the first step which rich uses to become richer. Use this to be rich.
2. Save 10% of your income
When you want to be rich then you have to make the habit of saving. This is the basics of creating wealth. Always try to save 10% of your income. If you do this then at the end of 10 month you have 1 month extra income. Calculate this thing of years for yourself. Try to spend remaining amount of your income on your need and save 10%. If you do this then you don't fell to much lack of money for your spending and your will ended your saving more from your income.
3. Let your money make more child form it
If you have a habit of saving than it is good but also bad if you don't let your money work for rather than working for money. If you keep money then you are making in weaker because of inflation. Always try to invest your money in the profitable investment. Let your money work harder and create more children from it. Invest your money in the best investment opportunity.
4. Guard your investment
When you decide to invest there are a lot peoples or schemes who offer your attractive interest rates. And you will end up with the loss of your capital. Always try to invest in the things you understand. Avoid investing in things you don't understand. Your money wants protection from you. You have to guard your money until god gives you more.
Watch our blog on, "5 laws of gold to be rich."
5. Don't let money harder than its capacity
When you try to invest then you want your money to make quick returns. We try to let our money make higher return and we invest in the funds which has the higher potential of money loss. In the end our hard work ended up by giving us nothing. Don't try your money to work harder than its capacity. When you achieved some wealth then put some amount in higher returns not at the beginning of your journey.
6. Control your expenses
Many people believe that they can't save money because there income is less. But the reality is there expenses are greater than their income. They want to buy the car which they can't afford. Your expenses will always touch your income. Try to control you expenses. When you do this you will be able to save more. Then let that more amount work for you and make you rich much faster.
7. Your family want your attention
When you start you wealth journey and try to make money work for you. Then your desire of getting more and more will start. But you also have family to feed. Your children wants better place to play, your wife want better place to cook. Always try to provide your family better life. Don't let your desire of wealth harm your family. Let it to give your family better today.
8. Own your own house
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In today's world many people live in the rented house. They pay rent to their owner and in the end they don't even own that property. They make their landlord rich for his own property. Investing in house is the best investment you can do. It will always make you mentally free from those monthly rents. And your will always provide you safety. Get a house loan and pay for few years and get your own property.
9. Increase your ability to earn
When we talk about being rich and creating wealth then they focus more and more on saving and investing. But what they don't focus on is increasing their pay. So you have to increase your ability to earn more. You can do more jobs of be the top employee of your company. You can also increase your skills so your boss will pay more for you. Use your mind to increase your earning. But don't try to match your expenses with your income. Control your expenses.
10. Insecure your future
Some day you will not been able to work then how will your life run? Man has to be old one day. One day you will lose your energy. Then what will you do? You know all the laws of money so use it make a future income which will provide you a comfortable life when you are no longer young. There is so many ways like pension plans, future income and future corpus. Use this to secure yours and your families' future. Make small investment so in future you will get a big corpus amount to live your life freely.
These are some best life lessons from the life of Arkad. These lessons are taught by life to Arkad. And these are the real way to make money. These are the best way to be rich. Make sure to use these life lessons in your own life.
So, this is our blog on, "10 best life lessons to be rich - The richest man in Babylon."
These life lessons are taken from the book richest man in Babylon. If you haven't read this book then make sure to read it. This is the most inspiring book on wealth. This book will clear all your doubt about rich and wealth so make sure to read it.
Book:- The richest man in Babylon
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