I've read the Richest Man in Babylon book, after one of the financial coachers suggested it to his fans, and I am one of them.
He said that he bought this book for about 3 DH, and this book has changed his perspective
Towards money, and building wealth, and by following the benefit of this book, he is now a founder of two companies of his own.
and after I read it, I knew why he's Changed and has reached the Position that he is living today.
The book contains the rules or the secrets if you will for building your own wealth and being rich.
And this book has changed my perspective to money totally as well, I didn't know that there are secrets of building wealth, I thought that it just happens to some people and they become richer, and there is no way for the others to become richer too.
I feel very lucky that I have read this book in my early life, so I won't struggle with money as Many people who don't know the rules of controlling and making money.
Of course I've started applying all the rules that the book suggested since I finished it, even though I still a student, I feel motivated to work and apply them to change my life.
The richest man in Babylon is not only a book you can read it and forget about it as any other book, this book is different. It's a guide to get rid of your financial problems, and to become more wealthy in a very enjoyable way, you are going to read stories of Babylonians people, who were very wise in terms of dealing with money, that's why Babylon considered as the richest city throughout the history, even though it's a very old civilization.
In this article I will give you the conclusion of the book, but if you still not read it yet, you did nothing, I recommend reading it and get the beneficial by yourself.
The 5 rules of building your wealth:
1. First thing you can do is to save 10% of your incomes:
Most people don't do that, because they don't have the mindset of thinking about the long-term, they think that they are living only for the moment, and there is no future.
So by saving 10% of your incomes your pocket will be full of extra money that you can apply it for the third rule.
2. know your priorities:
So that you can save more money not wasting them in unnecessary stuffs, most of us waste money on things that cost us a lot of money, that if we had saved it will be better.
3. Make the money you saved work for you:
You can do that by investing into projects that will pay off more than you invest, but first thing you have to do is asking experts and wise people that already succeeded in the field that you are going invest in.
4. Keep your wealth from loss:
Avoid investing in the projects that are not safe and can't guarantee your capital, and always ask people that already succeeded in the sort of project you are going invest in.
5. Save in advance for your future:
Think in the long-term, you will be an old man one day, and you have a family, that need to make them comfortable after you die, so save money and properties in advance for that moment.
Those were the 5 most rules that the book suggests to succeed financially , and overcome your financial problems, hope you have benefited of the article, and don't forget to read it because it's very helpful.
