From the "Richest Man in Babylon" by George Clason
1. Money will come gladly & in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future & that of his family.
If a man consistently saves and invest consistently and regularly of what ever income he earns, surely as time will come he can accumulate enough that can provide another source of income for him, and a part of these will be added to his estate.
2. Money laboreth diligently and contentedly for the wise owner finds for it profitable employment.
Money that is acquired out of good labor will surely go to good purpose.
3. Money clingeth to the protection of the cautious owner who invest it under the advice of men wise in its handling.
Money gained out of hard labor must be guarded with cautious, one must seek the advice of men that are expert in its handling. these is to secure the capital and enjoy and be content of its small consistent increase.
4. Money will be lost form the man who will invest it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep.
Before investing ones hard earned money. Make sure that he understand what he is investing for and not to be tempted to invest in something that promises high returns at the soonest time possible. That is why I got a mentor in my investments, I make sure that these mentors of mine are giants in the industry that I am investing in, so they will guide me to the right path. As for my Investments in the Philippine Stocks, I joined the Truly Rich Club, it releases a monthly update of the current situation in the stocks exchange.
5. Money will go away to any man who will force it to impossible earnings or who will be tempted to the alluring advice of tricksters and schemers.
Wisdom indeed is very essential in handling money. If one has wisdom no matter how small his money is it will surely multiply its increase, but without wisdom, even if you have all the money in the world it will be quickly lost.
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