Monday, December 10, 2007

Richest Man in Bablyon

I just read this book also. It's different and not for everybody. First of all, it's written in that old English King James biblical style. Another aspect is that the book is about an ancient story that that does not contain realistic examples. If the reader can't apply metaphorical aspects of the past to their present then it won't work for them. As a result, I will break it down for those who can't comprehend. The book is about the cures for a lean wallet, and how to handle your gold(money).
The principles are basically the same as in Rich Dad Poor Dad.
Save money, budget, have a will, buy a house, invest, learn from experts, use money to make money, procrastination is bad luck, lastly to enjoy the work.

Basically, know your tax laws, invest in revenue generators, don't spend frivilously, and continue to build and you will be cool.

Next up is Think and Grow Rich. That book is larger that the previous two combined so it may take a few before I tell you about it.

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