5 Best books on personal finance to read this year
5 Best books on personal finance to read this year
7 laws of manifesting money and money acquisition - The richest man in Babylon by George S. Clason
7 simple laws of manifesting money and money acquisition - The richest man in Babylon
Money is plentiful for those who understand the simple laws of money acquisition. So, in this blog we are going to learn some simple laws of money acquisition. Being rich and acquiring wealth is simple if we know the simple laws of money that rich uses to grow money. Money talks about the simple language that is if you give attention to me I will always be with you, if you don't I will leave you.
The richest man in Babylon
In the page of history Babylon there were no city more glamorous than Babylon. Babylon was the most prosperous city of ancient time. And this city was once poor and its people use some principle to make this city the prosperous city of that time. This city is the perfect examples of man's effort and its ability.
In the old Babylon there was the person name Arkad who was the richest man of Babylon. Arkad was clay tablet maker and he always desire to be rich and give his family great lifestyle. So one day Arkad met a man name Algamish the money lender who worked hard and created great fortune. And he told Arkad simple laws of money that made him so rich. Arkad used these laws and became the richest man in Babylon.
Then, one day the king of Babylon was very frustrated of rich of his city are becoming richer and poor are becoming poorer. He called Arkad the richest man of Babylon to tell his fellow poor people of how he became so rich and made his fortune. Arkad told the simple laws money acquisition which made him so rich. In this blog we are going to learn those 7 simple laws of money acquisition which made a clay tablet made the richest man of his city Babylon.
Book :- The richest man in Babylon
So, let's start our blog on, "7 simple laws of manifesting money and money acquisition - The richest man in Babylon by George S. Clason."
7 simple laws of manifesting money and money acquisition - The richest man in Babylon by George S. clason
1. Start your purse to fattening
The first remedy Arkad told for lean purse is to save 10% of your income. If you have a desire to make great fortune then you have to know to importance on money. Is your purse is empty at the end of last month? If it is you have to save your 10% of your income. Save 10 % of you income and spend remaining on you basic need or desire. If you do this for a year then you will ended up with 1 month of you income and so the maths for next 30 year. By saving your purse will become fatten and you feel the weight and you feel satisfied. The law is simple and you feel your dad always told you that. Truth is always simple. When you do the saving and use remaining for your spending then you feel it is easy then you will go on for more saving and making your purse fattening.
2. Control your expenditure
Many of you feel hard to save you income this is because your expenditure is more than your income. The bitter truth of life is that the person's expenditure will always matches his income. Many of us have different income different expenditure this depends on person to person no one can control its expenditure but you can control you expenditure. Don't confuse your needs with your desire. Your need is which you can't live and your desire is which you can live without. You have to control your expenditure not your needs. If you want to create wealth and become financially free than in starting you have to control you expenditure and when you have achieved some wealth then you can spend more on your desire.
Check our blog on, "10 simple tips to save money right now."
3. Make your gold multiply
Now you have saved some money so next the law is multiply your gold. Gold means every single coin in your pocket. It's time to put your treasure to labour and increase. Money in your pocket will satisfy you but it can't earn you anything. The money we keep from our income is starting. The money it will earn make shall build our fortune. Treat every single coin as your golden slave who works for his master and make more children and then put that child on work this will make your fortune grow rapidly. In the long run you can create the wealth which is much more to support you for lifetime.
4. Guard your treasure from loss
Misfortune loves a shining mark. Gold in man's purse must be guarded else it will be loosed. You have to guard your money before god entrust you with larger. Don't be too bullish with your money to make money which is not possible for him. As it your journey's starting you have to invest in safe investment until you have large money to take risk on small portion. Put you money in investment which is safe for your money. Before you trust on any investment in any field know the danger of losing your money. It is better to invest is safe investment than risking your money for high returns. Consult with wise man and let his experience helps you to guard your treasure from loss.
5. Make of your dwelling a profitable investment
When a man spending nine parts of his earning and if any part of this nine part he can turn into profitable investment without making any changes in his lifestyle then so much faster will his treasures grow. If a man can save more of his earning then his treasure will increase rapidly. But the most important is giving your family a better place to live better life to cherish. If you are not making any worst difference in your family's life and you can save more from your nine parts then your fortune will grow faster. Make sure to own your own house and not to live on a rented and make that person richer.
6. Insure a future income
The life of man is from his childhood to his old age. Therefore it is important to make a suitable income in the days to come when he is no longer young and to make preparation for his family when he is no longer with them. When the man knows the law of money then he should focus on the future income. He should plan certain investment that may ensure his future days. There are so many ways using which he will provide safety for his future like insurance, pension plans, and future corpus. Man may buy a house or gold which will secure his future. By making small investment for his future he will secure a great wealth to secure his future.
7. Increase the ability to earn
Man has limitation on saving but there is no limitation on your ability to earn more. There are so many way to increase your earning. Increase your knowledge learn new skills. Be an expert of your company. Learn new things of your career be the master of your field explore more things. Learn to increase your cash flow do side business, own a rental property. There are so many ways which you can use to earn more money use these ways and increase your income.
So this is our blog on, "7 laws of manifesting money and money acquisition - The richest man in Babylon".
This 7 laws of manifesting money and money acquisition is taken from the richest man in Babylon - George S. Clason
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Make sure to read the book the richest man in Babylon. This is the most inspiring book if you want to acquire money and create wealth. This book is life time experience of people and the richest man in Babylon by George S. Clason which will increase your financial IQ.
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