Posted by on Nov 8, 2012 in Money | 0 comments

Humans have gotten more intelligent as time has gone by. Unfortunately, with all the technology, our fast paced lives, and the overwhelming amount of options, it seems more difficult than ever to get good sound wisdom. So that’s why a lot of times, good sound advice comes from a long time ago. A book like the “The Richest Man in Babylon”, written in 1926, is quite a treasure ┬áin our time of high unemployment, a lot of foreclosures, and a lot of uncertainty,

I had read this book several years ago back when I was in college and really enjoyed it. I decided to purchase it again on kindle and once again realized how wise the “money laws” in this book really are. I truly think that the world today would be in a better situation if everyone followed this advice.

The book lays out the five laws of gold (money). If you follow them, money will come to you in larger and larger quantities. If you don’t, then you will always be chasing it.

The first of the laws is to save at least 10% of every dollar that you make. This is very practical, but something that most people nowadays don’t follow. 10 percent is the minimum and of course you can always do more. I would personal recommend 20-30%. I will leave the other laws for you to read.

I highly recommend this book for anyone wanting to get a head financially and away from money problems.But what if you are in debt? The book covers this too, and gives a simple formula to not only get out, but to start saving money as well. People who are way behind on their bills may need to take these ideas to the extreme or have their interest rates adjusted. Paying 19% interest rates over a long time, will keep your permanently behind.

Lastly, I will leave you with a quote from the book “Where the Determination is, the Way Cab Be Found”