- Pay yourself first - Save at least 10% of all that you earn for an investment fund for the future.
- Live within your means - Learn to live on 90% or less of your income.
- Invest only in areas in which you have expertise or with people who are experienced.
- Buy the house in which you live so you don't waste any money on rent.
- Make your money work for you and secure your future income.
- Understand the concept of Compound effect because Compound interest is the 8th wonder of the world.
- Invest your collected capital into projects that will provide safe, steady income, taking full advantage of compounding of the interest received.
- Invest in yourself and get luck in your side.
- Protect yourself with insurance.
- Strive to become wiser and more knowledgeable.
This blog is to motivate the people from self help books. These days most of humans are under estimated their powers and capability So my goal is to rejuvenate them with help of short summaries of successful best selling books all over the world.
Monday, 11 May 2020
Lessons from the Richest man in the Babylon
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