The 7 Cures for an Empty Purse/Wallet

The 7 Cures for an Empty Purse/Wallet - Episode 89

The Richest Man in Babylon, Arkad teaches his students on becoming rich.

A poor scribe who became the "richest man in Babylon". In Arkad's advice is the

"Seven Cures" (or how to generate money and wealth), and the

"Five Laws of Gold" (or how to protect and invest wealth).

1) Pay Yourself First.

start building wealth by saving 10% of their annual income.

2) Control Your Spending.

Keep Your Expenses Low

3) Put Your Money to Work.

Invest Your savings to compound your money

4) Protect Your Principal from Loss.

Protect your Money from loss by avoiding “get rich quick schemes

5) Own Your Home.

Purchase a home instead of renting one to live in

6) Plan for Retirement.

Start investing now for retirement

7) Increase Your Earning Ability.

Learn New Skills To Increase Your Income

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The 7 Cures for an Empty Purse/Wallet - Episode 89