Greetings, Shoremates!
Welcome to part 3 of Richest Man in Babylon.
In this episode, we transition to the king of Babylon wondering why the wealth of the many has trickled into the pockets of the few.
He summoned Arkad and demanded to know how this man had become so wealthy, when he had such humble beginnings.
Arkad had a few simple answers:
THE FIRST CURE: START THY PURSE TO FATTENING.
THE SECOND CURE: CONTROL THY EXPENDITURES
THE THIRD CURE: MAKE THY GOLD MULTIPLY
THE FOURTH CURE: GAURD THY TREASURES FROM LOSS
(there were more cures, which will be talked about in the next episode)
Action Steps:
1. If you haven't done so already, look into your budget/spending plan and find a way to save 10% for future investment opportunities.
2. Everything you're doing, is there a way to cash flow from it? Can you leverage whatever it is to get monthly, quarterly, or annual payouts?
3. If you have an investment opportunity available, brainstorm how you can ensure your principle is kept safe.
This was a lot, shoremates, but I promise if you go through and do these action steps, it will be well worth your time.
Always remember,
You've got this!
J.D. Elliott