Since 1926 when George S. Clason published his classic, The Richest Man in Babylon, people have used the wisdom set forth in the book to amass fortunes for themselves and their loved ones. Fortunately, the premises set forth more than a century ago in Clason’s book are just as true today. This article will present those secrets for readers to enjoy in a modern setting.
Watch Your Spending.
It doesn’t take much to understand that making as much money as you can so you can spend it just as readily makes little sense when it is your prime objective to build a lucrative business. Unfortunately, when many business owners and managers make money they just as readily spend it. When you are trying to save money and cut your spending at the same time, you are literally giving yourself a raise. Keep it.
If, for example, you sell custom zipper pulls, you should be constantly on the lookout for not only better deals to buy your supply of zipper pulls, but opportunities to sell your zipper pulls for greater and greater amounts of money. There’s literally nothing you can’t do when you’re trying to create the most lucrative business possible, and there are plenty of ways to do it.
Make Money Your Motive.
Why do you work? It might sound like an easy question to answer, or even silly, but it merits some serious thought. Do you get out of bed so you can make enough money to pay your lousy bills? Not very inspirational, is it? Or do you wake up, put your feet on the floor, and say, “Wow! I’m going to go out and conquer the sales world today.”
It’s just like Napoleon Hill said more than a century ago in his book, Think and Grow Rich, you must work yourself into the white heat of desire for money before you can expect go get where you want to go in your life.
Don’t Eat Your Children.
This might sound like a strange suggestion to be sure, but what it means, metaphorically, is that once you have earned money, don’t spend it; instead, combine it with the cash you already have and invest it again. Everyone knows about the principle of compounded interest. Not only does the amount of interest paid on the principle amount increase the amount of money you have, but when you add more to the principle, you make even more. Why limit what you can earn by spending frivolously?
Making money is fun. It’s also just as easy to live a prosperous life as it is to live a broken one. Why not put the thought and the effort into whatever is necessary to live a good life? You’ll be glad you did. Not only that, but you will take away the experience of self-satisfaction that you had the power to make yourself do whatever was necessary to accomplish a desired result. You knew what you had to do and you made it happen.
The search for wealth is almost as old as man himself. Further, just when you think you have learned everything you can about making money, somebody will come along to teach you more. Just as is the case with Clason’s book, there are many more principles to be learned, many of them to learn just for the asking.