I found the road to wealth when I decided that a part of all I earned was mine to keep. — The Richest Man in Babylon
It’s easy to identify all the things you’re doing wrong with your money…
But how do you do it right? What are the rules of the game? What do you need to do differently to become financially successful?
In this episode, we pay homage to George Clason’s classic personal finance book, written way back in 1926, called The Richest Man in Babylon.
Clason tells the story of how Arkad, a working class man who made a living carving inscriptions on clay tablets, became the richest man in Babylon by following seven simple rules.
- Pay Yourself First
- Spend Less Than You Earn
- Always Be Invested
- Protect Your Wealth From Loss
- Automate Your Saving & Investing
- Don’t Pay Too Much for Housing
- Make More Money
We’ve repurposed the rules a little bit to make them easier to understand. But believe it or not, these seven rules are just as relevant today as they were back in 1926.