The Richest Man in Babylon

Learnings from the book The Richest Man in Babylon

I recently read this book " The Richest Man in Babylon" by George Clason.

It's a fantastic read. The crux of the book is there in the six laws of wealth creation. I believe , it will be a great help for all of us. Sharing the laws.

The First Law of Wealth: 

Keep a part of all you earn. Save at least 10% of your income.

 The Second Law of Wealth: 

Put your savings to work for you. Invest it so that it will multiply. 

The Third Law of Wealth: 

Avoid debt.The poor pay interest, while the rich earn interest. 

The Fourth Law of Wealth: Don’t speculate in get-rich-quick schemes. Invest in solid businesses that you understand. 

The Fifth Law of Wealth: Invest in yourself. Gain knowledge and skillst toincrease your earning power. 

The Sixth Law of Wealth: Safeguard your growing fortune with diversification and insurance.