Wealth wisdom main points The Richest Man in Babylon Book summary
1. Start Thy Purse to Fattening Pay yourself first — save 10% of every income. Before spending on anything, keep a portion for you. This builds the foundation of wealth. 2. Control Thy Expenditures Live below your means. Don't confuse wants with needs. Budget wisely so you can save consistently without stress. 3. Make Thy Gold Multiply Invest what you save. Money should work for you, produce passive income, and grow through safe and smart investments. 4. Guard Thy Treasures from Loss Avoid risky investments. Take advice only from people who know the business. Preserve capital → then grow it. 5. Make of Thy Dwelling a Profitable Investment Own your home if possible. This reduces living expenses and builds long-term assets. 6. Ensure a Future Income Plan for long-term security — retirement, family, emergencies. Use insurance, long-term savings, or reliable income streams. 7. Increase Thy Ability to Earn Develop your skills. The more valuable you are, the more money you can earn. Co...