#Wealth October 19

We may earn money or products from the companies mentioned in this post.

Today is a repost of something I wrote back in 2018. It has to deal with a lesson I learned from a business my wife and I explored back in the 1980’s. The lesson came from a book that emphasized an important premise in creating WEALTH.

There was a brief time in my life where my wife and I became Multi-Level Marketers
The adventure proved to be one that we did not sustain for a variety of reasons but I can say that we both learned some valuable life lessons.

One of the biggest is that successful people or leaders are readers. During the time we were involved in that MLM business I read some fantastic books including “The Richest Man in Babylon”.

The book was written by George Clason who was born in 1874 and went on to publish the first road atlas of the US. He also wrote pamphlets that he distributed to different businesses. Eventually he took all of his pamphlets and wrote the book The Richest Man in Babylon

The book is a story of two men Bansir and Kobbi who are the best in their respective businesses in Babylon but are broke. They have another friend named Arkad who is wealthy. They seek him out to learn his secrets. He winds up sharing with them 7 tips to become wealthy.

One of the greatest lesson the book teaches is its first lesson. When Bansir and Kobbi seek the advice of their very wealthy friend Arkad he tells them a story. What would happen if, every day, you added 10 coins to your purse but only spent nine? In essence Arkad was advocating save 10 percent of everything you earn. He was also advocating a budget. When you combine living within a budget and saving you grow wealthy.

WEALTH creation is not a mystery. It is not luck and it is not a secret. It is a repeatable process, something anyone can — and should — learn. Teach it to your children and your grandchildren.