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Showing posts from November, 2025

Wealth wisdom main points The Richest Man in Babylon Book summary

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  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...

Build Discipline The Compound Effect book Summary Main Points

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  The Compound Effect — Main Points Summary 🔹 1. Small Choices Shape Your Destiny Every small decision — good or bad — compounds over time. Success isn’t about big leaps; it’s about tiny, smart choices made consistently. Example: Reading 10 pages daily vs. watching TV for 30 minutes — the difference compounds massively over years. 🔹 2. Consistency Is the Magic Ingredient Discipline and persistence matter more than talent. You won’t see results right away, but momentum builds slowly — like compounding interest. Keep doing the right things even when results aren’t visible. 🔹 3. Habits Make or Break You Your habits reflect your identity and determine your future. Replace bad habits gradually — don’t rely on willpower alone. Use “habit stacking”: connect a new habit to an existing one. 🔹 4. Tracking Accelerates Growth Measure what matters — finances, fitness, productivity, etc. Tracking makes you more aware and accountable. “You can’t improve what you don’t measure.” 🔹 5. Momen...