The Richest Man in Babylon

Key Insights from "The Richest Man in Babylon"

1. Pay yourself first: One of the first and fundamental principles is that wealth accumulation starts by setting aside a minimum of 10% of your income for yourself.
2. Control your expenses: After paying yourself, you should live within your means with the remaining income.
3. Make your money work for you: Your savings should be invested wisely to generate passive income.
4. Invest in what you understand: Do not invest in ventures that you do not understand or that seem too good to be true.
5. Home ownership: A part of your money should be...

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