Lessons i learnt from the Richest man in Babylon. Part 1
In order for you to be rich, you must have your own money first. Your own money in the sense that the money is yours for the keeping and not going to anybody.
Let me explain it like this. say you:
earn 10 pounds a week,
you give two pounds to charity,
spend one pound on transportation,
spend two pounds on feeding,
spend two pounds on entertainment,
one pound for miscellaneous expenses and more often than not,
a pound on medicine.
From the above analysis, the person has only one pound to himself after earning his salary. That money you have to yourself after paying everyone that needs to be paid is your own money.
Above is a chart showing what the expenses of that person looks like.
One of the laws of getting wealth requires you to have your own money. That is money that isn't going anywhere or better put money that you can lay claim to. It is with this money that you start building your financial ground. As you have seen from the above chart, it is possible for one to have a high salary and still live on less.
This is the first rule of wealth
Have your own money
I would continue with the rest in the next lesson. Please let me know what you think in the comment section below.
Thanks for your contribution @olaleke, you got a 69.23% upvote from @canalcrypto!
70% of your contribution goes to our delegators so if you'd like to help us push posts even harder while earning some extra steems please consider delegating to @canalcrypto. You can delegate your SP here: https://steembottracker.com/delegation.html (Delegator = your username, delegatee = canalcrypto), thanks in advance for your support.
You got a 50.00% upvote from @steembloggers courtesy of @olaleke!
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by olaleke from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
Congratulations @olaleke! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
To support your work, I also upvoted your post!
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPYou got a 76.92% upvote as a Recovery Shot from @isotonic, currently working as a funding tool, courtesy of @olaleke!
@isotonic is the Bid Bot of the @runningproject community.
Earnings obtained by this bot, after paying to the delegators, are fully used to increase the SP of the @runningproject from which all affiliated members are benefited.
Check @runningproject posts in order to know further about.
You got a 5.00% upvote from @ipromote courtesy of @olaleke!
If you believe this post is spam or abuse, please report it to our Discord #abuse channel.
If you want to support our Curation Digest or our Spam & Abuse prevention efforts, please vote @themarkymark as witness.
You got a 1.07% upvote from @minnowvotes courtesy of @olaleke!
You got a 1.52% upvote from @allaz courtesy of @olaleke!
@all what do you think