I recently came across an old book in my library, called “The Richest Man in Babylon”. It’s a very old book, but it still remains so valuable up until today.
It is a story about a man who lives in the ancient city of Babylon. Babylon, still today, was known for it’s vast fortunes and wealth.
Apart from urging you to read the whole book, I want to put your attention to 1 of the 5 main lessons the book unveils to the reader.
The lesson is more than just a lesson by the way. I call it the law of prosperity. It is that powerful.
This law of prosperity is as follows:
Produce more than you spend, and pay yourself first.
That sentence, my dear reader, you should read again. And again. And again.
You have to read it so many times until you are completely filled with the idea it brings.
I will briefly explain the two parts:
- Produce more than you spend: We all know our governments suck at it, but if you want to know abundance in your life, you should live by it. Make sure your lifestyle leaves room for savings.
- Pay yourself first: This doe not mean pay your rent, your food, your tiys and your kids first. This means: pay your savings first. Then your expenses. Because only your savings are really for you. All the other expenses are destined for someone else’s bank account.
Ideally, you start of with 10% of what you earn and save it. If you don’t manage to do that, make a plan on how you could get there.
A real pro, would end up saving 40% of her income. And then learn how to invest it.
But that is for another time.
Until then, and to freedom