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imtiaj_iqbal 's review for:
The Richest Man in Babylon
by George S. Clason
informative
reflective
medium-paced
Lessons I've learned from the book πβ The Richest Man in Babylon β by George S. Clason
(& related lessons from other books I've read {If you read them before, share the book names on comment}) :
π A part of all you earn is yours to keep. Save 10% of your income and invest. (Pay yourself first.)
π Make money work for you and make the returns from it and the returns of the returns from it work for you. (Make money your slave instead of being a slave of money)
π Ask advice from those who are already successful in the field of your question. (Find and follow a mental even if he is on the other side of the world or the screen. Always learn from the person you want to be.)
π Never complain. Keep doing. ( Work hard)
π Select your task carefully. Do the most important work first. And enjoy the breaks. (Maintain Priority. Prioritize everything and maintain it)
π Spend less. Don't spend the money you paid yourself. Budget your expenditure. (Live below your means. Else focus on increasing your income.)
π Protect your capitals. (Take calculated risks)
π Make debts your slave too. (Good debt, bad debt)
π Save and invest for your future, retirement and family. Make sure that cash flow doesn't stop while you stop working. ( Cash flow, passive income, leveraged income)
π Have a burning desire and smart goals to earn money then more and then more and more and so on. (All it needs to have a Burning desire.)
π Learn more, study more, earn more skills, help more, get more knowledge, become wiser, pay your debts, take care your family and friends, earn more money as well as respect. (The more you learn, the more you earn.)
π Luck wants to come to those who accepts opportunity. Men of actions are favorite by God with good luck. (Action attract success. *Think about doing nothing, giving no efforts and also thinking that God shall give it to you without even asking!)
π Say 'No' to procrastination. Do what is needed. (Grasp every opportunity you get.)
π Without wisdom, gold is quickly lost by those who have it but with wisdom gold can be secured by those who have it not. (Money management skills)
π Never invest or do business with which you are not familiar or little knowledge.
π Say 'no' to tricksters and schemas. (Avoid gambling)
π If you desire to help your friend, do so in a way that will not bring your friends burden upon yourself. (Take calculated risks)
π Hopeless debt is like a deep pit into which one medicine quickly and where one May struggle vainly for many days. It is a peit of sorrow and regrets where the brightness of the sun is overcast and night is made unhappy by restless sleeping. (Good debt, bad debt)
π Better a little caution than a great regret. (Life is too short to leave with regrets)
π The hungry are one becomes, the clear our ones mind works. (Burning desire)
π Where the determination is, the way can be found. (Burning desire and continuous action)
π Do what you love and love what you do.
Secret messages:
πThis book took me a while to finish because of my laziness. Actually a large period βΉοΈ
(& related lessons from other books I've read {If you read them before, share the book names on comment}) :
π A part of all you earn is yours to keep. Save 10% of your income and invest. (Pay yourself first.)
π Make money work for you and make the returns from it and the returns of the returns from it work for you. (Make money your slave instead of being a slave of money)
π Ask advice from those who are already successful in the field of your question. (Find and follow a mental even if he is on the other side of the world or the screen. Always learn from the person you want to be.)
π Never complain. Keep doing. ( Work hard)
π Select your task carefully. Do the most important work first. And enjoy the breaks. (Maintain Priority. Prioritize everything and maintain it)
π Spend less. Don't spend the money you paid yourself. Budget your expenditure. (Live below your means. Else focus on increasing your income.)
π Protect your capitals. (Take calculated risks)
π Make debts your slave too. (Good debt, bad debt)
π Save and invest for your future, retirement and family. Make sure that cash flow doesn't stop while you stop working. ( Cash flow, passive income, leveraged income)
π Have a burning desire and smart goals to earn money then more and then more and more and so on. (All it needs to have a Burning desire.)
π Learn more, study more, earn more skills, help more, get more knowledge, become wiser, pay your debts, take care your family and friends, earn more money as well as respect. (The more you learn, the more you earn.)
π Luck wants to come to those who accepts opportunity. Men of actions are favorite by God with good luck. (Action attract success. *Think about doing nothing, giving no efforts and also thinking that God shall give it to you without even asking!)
π Say 'No' to procrastination. Do what is needed. (Grasp every opportunity you get.)
π Without wisdom, gold is quickly lost by those who have it but with wisdom gold can be secured by those who have it not. (Money management skills)
π Never invest or do business with which you are not familiar or little knowledge.
π Say 'no' to tricksters and schemas. (Avoid gambling)
π If you desire to help your friend, do so in a way that will not bring your friends burden upon yourself. (Take calculated risks)
π Hopeless debt is like a deep pit into which one medicine quickly and where one May struggle vainly for many days. It is a peit of sorrow and regrets where the brightness of the sun is overcast and night is made unhappy by restless sleeping. (Good debt, bad debt)
π Better a little caution than a great regret. (Life is too short to leave with regrets)
π The hungry are one becomes, the clear our ones mind works. (Burning desire)
π Where the determination is, the way can be found. (Burning desire and continuous action)
π Do what you love and love what you do.
Secret messages:
πThis book took me a while to finish because of my laziness. Actually a large period βΉοΈ