From the book ‘The richest man in babylon’ I found this book on tons of lists dealing with finances. These are what I gather from what I read.
- Start thy purse to fattening.
- Basically, save one out of every ten dollars you make. In a nutshell, pay yourself first.
- Control thy expenditures.
- Control what goes out, if it’s not needed dont spend. If you get a raise, you will always find a new way to spend it.
- Make thy gold multiply
- Invest in high return items, or CDs, government bonds, etc
- Guard thy treasures from loss
- Do your research before investing, loaning. With investments, there’s always a risk of loss.
- Make of thy dwelling a profitable investment
- Buy a home, and take care of it. It’s an investment and could be used later on as capital.
- Insure a future income
- Leave a means to your family to safely earn in your absence , whether it be real estate, or bonds, 401k, etc.
- Increase thy ability to earn
- Increase your skill set to increase your earning power. Have a competitor making more? See what they are doing and learn how to do it if you don’t know how.