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How to actually use the Richest Man in Babylon lessons.
A thread //
A thread //
If you want to know about the book check my thread linked below. https://twitter.com/therichmind_/status/1356930854187130880
Probably the steps that are the quickest and easiest to implement. Save at least 10% of what you earn and control expenditure. This can easily be done by cutting out unneeded expenditures. Often examples are ordering takeouts, extra clothes, new car etc.
Don’t sit on this saved money. Send this saved money out to earn, invest in real estate, stocks, buy items to flip. There’s loads of ways, the simplest is through investing as you can put money into a stock and just let it grow through compounding.
There’s loads of great courses for all these areas. A course that can help you get the basics of investing is linked below. https://gumroad.com/a/686683251
Making your home a profitable investment can help you increase your wealth. Avoiding paying rent and instead owning that asset will increase your wealth and avoid a drain on your assets.
All of this should be done with the future in mind. These steps aren’t a way to become rich overnight. It’s about making smart decisions and using compounding and your resources to gain long term wealth. Time is a huge part of seeing success.
All these steps work better the more you have coming in. Higher revenue allows you to put more into all these steps. In a 9-5 this would mean promotions. As an entrepreneur it means increasing your business revenue.
Side hustles can be a great way of earning some extra money which can go straight into things like investments to earn more money. Again twitter has a huge number of people to learn from.
You can also take your skill, for example if you work in sales and create content around teaching people how to sell. This allows you to improve that skill whilst making extra money on it. Win, win.
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