Tuesday, January 7, 2014

Seven Cures for a Lean Purse

From the book "The Richest Man in Babylon" by George Clason

The book clearly emphasizes the remedy if you had a lean or empty wallet.


1. Start to fatten your purse.
     How? For every ten coins you placed within your wallet take out only nine. Your wallet then will start to fatten at once and its increasing weight will feel good in thy hand and bring satisfaction to thy soul.

2. Control thy expenditure
     Study carefully your accustomed habits of living. Herein may be the most often found certain accepted expenses that may wisely be reduced or eliminated. Let thy motto be one hundred per cent of appreciated value demanded for each coin spent.

3. Make thy gold multiply
   "To put each coin to laboring that it may reproduce its kind even as the flocks of the field and help bring to thee income, a stream of wealth that shall flow constantly into thy purse.

4. Guard thy treasures from loss.
    Guard thy treasures from loss by investing only where thy principal is safe, where it may be reclaimed if desirable, and where thou will not fail to collect a fair rental. consult with wise men. Secure the advice of those experienced in the profitable handling of gold. Let their wisdom protect thy treasure from unsafe investment.

5. Make of thy dwelling a profitable investment.
    "Own thy own home"

6. Insure a future income
   It behooves a man to make preparation for a suitable income in the days to come, when he is no longer young, and to make preparations for his family should he be no longer with them to comfort and support them. provide in advance for the needs of thy growing age and the protection of thy family.

7. Increase thy ability to earn
   Preceding accomplishment must be desire. For a man to desire five pieces of gold is a tangible desire which he can press to fulfillment. In learning to secure his one definite small desire, he hath trained himself to secure a larger one. This is the process by which wealth is accumulated.

I do follow these steps to fatten my purse. I even got mentors thru the Truly Rich Club, to guide me in my investments in the Philippine stock market.

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