Keep making profitable investments whenever you can and you shall be good to go. Money losses its value with time and keeping it in a drawer or a bank account is not enough. What you save at the end of every year from your income has to be invested. So keep spending on things they don’t have the money for and credit cards these days have made it easier. Most people want to gather everything they can, however, they don’t have the money. We, humans, have proven to be a lot greedier and worshippers of our desires. You have to spend less than your earnings.
Staying hand to mouth isn’t going to cut it if you are aiming for financial freedom.Īlso, being the universal principle, we need to control our expenditure. It only by making investments can we earn financial freedom. When you do this, you will have enough money to invest in a new venture. It tells you to start fattening your purse by saving 10% of your income every year. The Richest Man in Babylon brings some of the basic and golden principles to our reminder. You can’t be spending more than what you earn, make no investments, and expect to be a financially secure person. Earning a handsome amount of money is important but learning to manage it properly is crucial. True, right? Well, according to the author, this is not quite the case. One of the ways you are going to get rich is to work more and earn more money.
You can download The Richest Man in Babylon Pdf at the end of this brief review. The Richest Man in Babylon by George Samuel Clason is one of the classics that help you deal with this specific money problem.
The only solution to the problem is spending less than what you earn and manage your money well. Failing to manage our finances has led many people to a life of debt and stress.