“Formal education can make you a living, but self-development will make you a fortune.”  — Brian Buffini

Before Brian Buffini became a wealthy and influential business leader, he was a struggling, recent immigrant living in San Diego with a goal to become successful. Over lunch with successful people from his church, he was urged to read “The Richest Man in Babylon” by George Clason. Written as a series of short stories in the Denver Post during the 1920s, “The Richest Man of Babylon” is comprised of several short stories, the main story centering on a man named Arkad and his journey to achieving wealth. In this episode, Brian shares the story of Arkad and the timeless lessons of financial significance he learned from a wealthy moneylender named Algamish. You’ll learn why it’s essential to keep at least 10 percent of what you earn, the three steps of smart financial management and the magic of compound interest. Wealthy people didn’t become rich by luck or chance; in most cases, they established good financial habits, prepared for the right opportunities and focused on the ultimate goal of achieving wealth.

 

Inspirational quotes from today’s interview:

“I attribute this book to jumpstarting me on the road to financial success more than anything else I’ve ever done.” — Brian Buffini

“Formal education can make you a living, but self-development make you a fortune.” — Brian Buffini

“If you have not acquired more than a bare existence in the years since we were youths, it is because you have either failed to learn the laws that govern the building of wealth or else you do not observe them.” — Arkad in The Richest Man in Babylon

“I found the road to wealth when I decided that a part of all I earn was mine to keep.” — Algamish in “The Richest Man in Babylon”

“Every gold piece you save is a slave to work for you. Every copper it earns is its child that can also earn for you. If you would become wealthy, then what you save must earn and its children must earn and its children’s children must earn.” — Algamish in “The Richest Man in Babylon”

“Wealth, like a tree, grows like a tiny seed.” — Algamish in “The Richest Man in Babylon”

“Opportunity is a haughty goddess who wastes no time with those who are unprepared.” — Arkad in “The Richest Man in Babylon”

“Willpower is but the unflinching power to carry a task you set for yourself to fulfillment.” — Arkad in “The Richest Man in Babylon”

“You don’t have to be great to start, but you do have to start to be great.” — Zig Ziglar

“Never abdicate your financial decisions to someone else.” — Brian Buffini

“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” — Albert Einstein

 

 

Mentioned in the episode: The Richest Man in Babylon by George Clason

 

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