The 7 + 2 Cures
for a Lean Purse

Paraphrased excerpt from "The Richest Man In Babylon"

 

• Start thy purse to fattening:
  "For every ten coins thy placest within thy purse take out but nine. Thy purse will start to fatten at once......"
  (Save at least 10% of everything you earn!)
   
• Control thy expenditures:
  "Budget thy expenses that thou mayest have coins to pay for thy necessities......enjoyments......thy worthwhile desires......without spending more than nine tenths of thy earnings......"
  (Establish a spending plan and spend only what you have after you have put away your 10%)
   
• Make thy gold multiply:
  ".....put each coin to laboring that it may reproduce its kind......"
  (Make your money work- don't put it in the mattress- invest it!)
   
• Guard thy treasures from loss:
  "......Consult with wisemen...those experienced in the profitable handling of gold......protect thy treasure from unsafe investments."
  (Obtain professional advice and invest in solid performing companies!)
  
  
• Make of thy dwelling a profitable investment:
  ".....own thy own home."
  (Choose your home, and its location carefully and plan on that your home will be an appreciating asset.)
  
  
• Insure a future income:
  "......provide in advance for the needs of thy growing age.... no matter how prosperous his business......"
  (Do a retirement plan! Know- don't guess- what you will need to live, the way you want to live!)
  
  
• Increase thy ability to earn: "......cultivate thy own powers, to study and become wiser, to become more skillful, to act as to respect thyself."
  (Engage in constant self-improvement. Keep your skills current. Technology and time will eventually make your skills obsolete!)
   
• This one is from me:
  Build ye an investment investigation source!
   
• The Last One:
  To become wealthy seek the council of proessionals!