7 Habits For A Fat Purse

Everyone wants to become rich and prosperous, but only few people are actually rich this difference arises due to their different habits and thoughts about holding money. Here are 7 habits taken from the RICHEST MAN IN BABYLON which hold true from centuries.

1. Start your purse to fattening

For each ten coins you earn, spend only nine of them, which means you have to save 1/10th of your monthly income which can be further used for investment and saving for your bright future. You can adjust your own ratio as per your choice. This may sound very absurd but once you master this habit, you will never have empty purse.

2. Control your expenditures

Do not confuse your necessary expenses with your desires. Most of you, will be together with good families and have more desires than your earnings can gratify. But you must master your desires and expending only 9/10(vary as per your choice) for the enjoyments and luxuries you want to enjoy.

3. Make your money multiply

Learn the art of money making money and how to make money work for you, the biggest secrets of rich, You can invest your money in Gold, Silver, Stocks, Bonds, Etf(Exchange-traded funds), Real estate, Mutual Funds(MF), you must ensure that your each coin is laboring and generating a stream of wealth to your purse.

4. Guard your treasures form loss

You must protect your investment from loss by learning about your investment or taking advice who are expert in that field. Remember, the more you know about your investment the lesser risk will be involved. Don’t confuse you investment with your romantic desires to make wealth rapidly.

The First Sound principle of investment is security of your principle.

The Riches Man in Babylon

5. Make your dwelling a profitable investment

In General, your house is a liability (something which takes money out of your pocket) but you can make into asset (brings money inside your pocket) by using many ways such as OYO rooms etc.

Remember No mans’ family can fully enjoy life unless they do have a plot of ground wherein children can play in the clean earth and where the wife may raise not only blossoms but good rich herbs to feed her family.

6. Insure a future Income

You must do preparation for a suitable income in the days to come, when you’re no longer young, and to make preparations for your family when you are no longer with them to comfort and support them. This can be done through various retirements plans, health insurance and businesses with positive cashflow or you can buy stocks of some great companies which will support you in your bad days.

Don’t wish life to be easier, wish you will be stronger.

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7. Increase your ability to earn

Invest in yourself. Update yourself with knowledge and boost your skill so that you can increase your Income. Cultivate yourself to become more wiser and skillful. Learn about financial education and read books , listen podcasts on passive Income.

Investment in cash can anytime crash, Investment in your business brain gives you the highest gain.

Dr. Vivek Bindra, founder badabusiness.com

Here are some great books to read as beginners :-

A. THE RICHEST MAN IN BABYLON ——-> https://amzn.eu/d/fSl7qrO

B. RICH DAD POOR DAD ——–> https://amzn.eu/d/6eDuT0I

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