The Richest Man in Babylon for Today

The Richest Man in Babylon for Today

You are solely responsible for your financial future and the disappointments you encounter will motivate you to change. “Dreams are a dime a dozen” (Theodore Roosevelt). “The secret to getting ahead is just getting started” (Mark Twain). Use the buddy system to get motivated. Learning the laws of money and applying them will move you along in life, learning by what other men write and accomplish so that you can easily learn. Profit should not be spent otherwise your money cannot grow (Compounding), live less than you earn, take advice only from people you know and make your money work for you. A person’s belief is that one getting rich is taking from others when in truth is that rich people want others to have money also (Like a revolving door). Parkinson’s Law which says work expands to fill available time. Well, spending expands to use the money available. Investing has a risk involved and making a mistake just allows you to learn from it and move on. If you work for a boss, ask for opportunities available and skills needed, if he is smart he will train his eventual replacement so he can get promoted.

Think positive, a negative person is not constructive and you should not want to be around them, if you don’t succeed at something it’s all but a minor setback that you learn from. Commitment is a strong way to gain benefits and negative thoughts scare people away from succeeding and even from getting started on something. There are hundreds of things that most of us could do, but invest time and money on the ones that you really care about, actions have outcomes and make things happen, the more actions you take the more you’ll learn from the mistakes you make and then take smarter actions the next time. We often learn more from your mistakes than from your successes and that is how we gain experience. Defining luck is preparation meeting opportunity; People who are consistently “Lucky” in business seem to be the ones who work the hardest-both in preparation and in looking for opportunities. “The harder I work, the luckier I get” (Samuel Goldwyn), “Diligence is the mother of good luck” (Benjamin Franklin). There is never a perfect time to save money and invest, but you have to start sometime, which puts you on the path to making your own luck and building an estate. If you procrastinate, you are rejecting opportunity, when you feel that an opportunity is a good one, act promptly, and don’t fail from inaction. People without strong drive and passion for what they are doing seldom succeed, when you have nothing of your own to risk it makes it easier to quit. With wealth comes both responsibility and temptation. Taking care of what you have is often as hard as earning it in the first place.

Anticipation of threats and dangers helps avoid problems and therefore you should prepare yourself by building walls, (Having competent advisers such as lawyers, accountants, financial planners and insurance agents who are proactive on your behalf). Educate yourself, therefore you can contribute in the workplace, no one will miss you if you’re not a contributor at work if you’re gone. Organizing your wisdom into a system makes it easier to apply and teach to others. “You measure the size of the accomplishment by the obstacles you had to overcome to reach your goals” (Booker T. Washington). Don’t keep the next generation spoiled; things that aren’t earned are seldom appreciated. You’re not worried about how you’ll do; you’re too into the process of what you are doing. Do what you love and the money will follow, get the right job and you’ll never work a day in your life. The younger generation that has been raised with money tends to be spoiled and to look down on work. Help find themselves and understand the pleasures of work.

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