The Richest Man in Babylon (Review and Analysis of Clason's Book)
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About this ebook
This complete summary of the ideas from George S. Clason's book "The Richest Man in Babylon" explains how to be financially successful in order to achieve future dreams and ambitions. This useful summary provides you with timeless financial principles, as well as the basics of effective money management, thus giving you the tools to make your business thrive.
Added-value of this summary:
• Save time
• Understand key concepts
• Improve your chances of financial success
To learn more, read "The Richest Man in Babylon" and discover how to manage your money effectively.
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The Richest Man in Babylon (Review and Analysis of Clason's Book) - BusinessNews Publishing
Book Presentation: The Richest Man In Babylon by George S. Clason
Summary of The Richest Man In Babylon (George S. Clason)
Book Abstract
Main Idea
Ahead of any person lies their future with ambitions and dreams. To fulfil those ambitions and realize those dreams, people need to learn how to be successful with money.
The basic principles of effective money management are:
Save at least 10-percent of all that you earn for an investment fund for the future.
Learn to live on 90-percent or less of your income.
Invest your accumulated capital into projects that will provide a safe, steady income, taking full advantage of compounding of the interest received.
Invest only in areas in which you have expertise or with people who are experienced.
Buy the house in which you live so you don’t waste any money on rent.
Have a realistic insurance program
Always keep working at various ways and means of increasing your income.
Important Note About This Ebook
This is a summary and not a critique or a review of the book.