In my quest for getting a response to these questions I have been asking myself of ….."How do we progress from just being self-sufficient to wealthy human beings? Do we want to do that or is better to just let the cycle of financial struggle continue to the next generations?"
I came across a book about The Richest man in Babylon written by George S Clason and published in 1926. At first I asked myself what would I get from a book from that far back when the world has evolve and continues to change so much but my dear friend Palesa Katleho insisted I read and this book continues to change my life that I have read it more than once. Today, and as often as I can, I will be taking time to share with you its lessons and if you want more details you may easily get the book to read further. The best part about this book is that the financial lessons come in a form of a story and an easy page turner it becomes.
Arkard (the main character in the story) mentions that in our years of living and acquiring money, our purpose should be to keep, earn more of it and provide income for the future. The basic lessons as explained are that
A. A part of what I earn is mine to keep. If you don’t keep it for yourself you labour for others
B. Every piece you keep is a slave to work for you, that slave and its grandchildren must work for you
The above two can be help can help you insure an income for your future and that of your lineage.
For many people it seems like we labour to acquire enough for food and clothes. We fail to learn laws of wealth creation nor when we know them, we choose not to observe them. Arkard details the five laws of gold to his students in a book and we shall discuss them in future, today's post is to share with you the cures for a lean purse as can be found from the book.
Seven cures for a lean purse
1. Start your purse fattening - by keeping a part of what you earn
2, Control your expenditure - by budgeting
3. Make your gold multiply - by investing the money you have kept wisely
4. Guard your treasures from loss - by securing your capital (no pyramid schemes)
5. Make your dwelling a profitable investment - by owning your home (pay up that bond)
6. Insure a future income - by investing and protecting your income
7. Increase your ability to earn - alternative sources of income
Comments
Only TVSA members can reply to this thread. Click here to login or register.