7 Ways to Build Wealth Personally or In Your Business
Money is a valuable tool for all of us
to have and use in our lives. It is there to be accumulated and used… but we
must learn how to do both or we will never have wealth and what money we do
have we will most likely not keep.
In 1926 George S Clason published The Richest Man in Babylon. In this
systematic and entertaining book Clason presents and details the ways to
accumulate and keep wealth that are when applied as certain as the law of
gravity.
“Money is plentiful for those who understand the
simple laws which govern its acquisition.” – George S Clason
In the book Clason introduces Arkad,
the richest man in Babylon. Early in the
book Arkad is asked by the King to teach 100 men the secret to wealth. Here is
a summary of what he taught them.
- Begin paying yourself
first.
- Budget and control what
you spend. Discipline yourself to live on far less then you earn.
- Make your money work for
you. Invest in safe enterprises or the highest rates of compound interest
available.
- Keep your savings safe. Do
not speculate.
- Buy a home for yourself
and your family.
- Insure you future income
for your retirement and the estate you will leave your loved ones.
- Increase your ability to
earn. Be the best at what you do and learn to do more.
Eric
Eric W. Leaman
Trustee
Organization for Entrepreneurial Development
Unleashing the entrepreneurial spirit.
Change your mind ... and EVERYTHING changes
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