Posts Tagged ‘money’

Wealth Creation and Management

I read “Richest Man in Babylon” by George Clason. A classic on Wealth. A 5000 years old philosophy still applicable today.
Here are the key points:
(1) Save 10% of your earning minimum.
(2) Invest that to profitable venture.
(3) While investing take advice of expert of that Investment.
(4) Pay 20% of your earning to reduce debt.
I have personally implemented this and seen the result.
I do see that investing in your home is one of the best investment a person can make. Stock offers another good investment option. Automating the saving plan really helps. Another good strategy is making Bi-weekly payment on mortgage as you make one more payment in year.


Read Full Post »