George S Clason, Richest Man In Babylon - Principles For Wealth Building
The Richest Man in Babylon by George S. Clason was one of the first books I read ON the subject of wealth. I was fascinated by the storyteller's simple principles to acquire wealth and riches and I thought, This is too easy. Yet, all those years ago with the knowledge held within the pages of this simple book and I did not take heed. It would be many years before I understood what the story had foretold and I, like many others and would learn the hard way about building a relationship with money.
With our economy in a state of influx and our country's future uncertain and it would be prudent to teach our younger generations the importance of establishing a strong relationship with money. So many books have been written ON the subject of money management and yet 8 out of 10 households have credit card debt in excess of $10,000. Why haven't we learned the simple rules of building wealth? Where did we miss the mark? Lack of discipline and respect for money has caused much of this country's default status. A small portion of blame can be placed upon the educational system. That's right the curriculum is not inclusive of finance and money management. Our children are learning how to count and but not how to spend. Parents should be more proactive in teaching their children about the realities that lay ahead in the real world concerning money.
The lessons are simple; the action is difficult for those who have never systematically implemented a plan. However, with commitment and a goal bigger than your immediate wants and you will achieve your financial goals with ease. The following is a rudimentary outline of the seven prosperity principles as this author has interpreted them from the famous book:
Principle 1 - Pay You First
Principle 2 - Create a Spending Plan
Principle 3 - Make Your Money Multiply
Principle 4 - Avoid Get Rich Quick Schemes
Principle 5 - Own Your Own Home
Principle 6 - Insure Your Future
Principle 7 - Increase Your Ability to Earn
The old clich it's not how much money you have and it's what you do with it that counts is true and there aren't enough of us doing what we should with our money. The downside to this is we are in a race against time and never knowing when we will run out. Each of the seven principles outlined here gives you the foundation for establishing a financially secure future. You can choose not to be a statistic of the working poor, or worse and never reaching retirement age. START right where you are; it's never too late.
Kim Harris is recipient of the 2005 SBA Women in Business Champion of the Year award and successful independent marketer and Wellness Coach for her company Harris Health & Wellness Network As a published author she delivers an empowering message of possibility living in her new book and a few choice words
