Hi everyone!
I recently read the book "The Richest Man in Babylon" and it amazes me how I have missed this one up until now. I think it contains so many great takeaways for new investors. Here, I will list my own top 10 in case you are interested:
- Pay yourself first
- You are not getting paid for hard work alone, you must also work smart!
- All wealth comes to an end without a steady income stream
- Expenses are more important than income when it comes to building wealth
- Time is your best friend - start early
- Be careful with whom you entrust your money
- Practice makes perfect. Start to educate yourself and try and fail with small amounts of money and you'll be able to handle the larger quantities later.
- Set up goals (both financial and personal)
- Act when the time is right
- Men of action are favored by the goddess of luck
If you want to buy the book, you can easily find it on Amazon or similar.
On the other hand, I've found a couple of summaries on YouTube that I think delivers the most important advice, and also in a more enjoyable/easier format. A few of the ones I enjoyed the most were:
https://www.youtube.com/watch?v=qkUgmolMI9I
Submitted July 31, 2018 at 10:29AM by harryfinance94 https://ift.tt/2LI2ggb
