Seven Cures for a Lean Purse

I was listening to a BBC programme 2 days ago and the subject of discussion was whether self-help books are any good. Some listeners said it changed their lives, while an equal fraction commented that these books are utter rubbish and full of crap.

The Richest Man in Babylon by George Classon is not exactly a self-help book but rather one that shares the “secret” of how an ordinary person can become, simply put, rich. Aunty Scroogey recommended me this book donkey years ago. I’ve read it, and listened to it over and over again on audio, and right now, its my daughter’s favourite night time story (I’m totally serious). Here’s an excerpt.

This is one of my favourite part/chapter of the story:

7 Cures for a Lean Purse

1. One-tenth of what I earn is mine to keep
2. Budget thy expenses
3. Make thy gold multiply
4. Guard thy treasure from loss
5. Own thy dwelling
6. Insure against future income
7. Increase thy ability to earn

This few liners sounds simple but takes discipline to follow through. The philosophy behind these seven cures have been used many times in other finance related self-help books. If you are looking to rearrange your undesirable financial position, look no further.