N04 Book-opening notes: "The Richest Man in Babylon" | Author: George Samuel Klassen | A golden rule for attaining financial freedom

money and us

Every ordinary person wants to develop, and the more ordinary people want to develop more, that is because as ordinary people, we need to work hard for money every day. Life is full of consumption, and no ordinary person can get rid of the shackles of money, especially urban people. In the age of eccentricity, temptations and traps are omnipresent, everything and everything depends on wanting money from our pockets, and in the end we all become moonlight. Hateful! But we can only tie our hands and destroy our wealth and freedom with our own hands. The older we get, the more so.

The richest man in Babylon, the protagonist of the book, Akkad is an engraver, who turned from an ordinary person who yearned to become rich to become the richest man in Babylon. He was invited by the king to become a teacher of the people, imparting wealth and becoming rich. secrets, revealing the truth of wealth to people. This book does not tell us how to get a windfall, but the definition of money and the concept of managing money.

The role and role of money

Anyone who has lost money knows how important money is. What you want to buy can’t be bought without money, where you want to go, you can’t go without money, if you want to start a business or keep a business, you can’t do it without money, and what’s worse, become a slave to money and owe huge debts that cannot be repaid. Working night after night to pay off debt, living in anxiety and fear.

I sometimes hear, "money is evil", "money is not important", "money is not something that people should chase after", "it doesn't matter if you don't have money, there is wine today and you get drunk tonight, wake up tomorrow and sleep on the street". These ideas are also indirectly expressed in the book. Akkad learned from Agmisi about the role and operation of money.

Like anything spiritual, money needs a master. Money needs to be protected, nurtured and utilized by its owner. Money is a patron saint and a tool, a slave and a child. In times of crisis, money can be used as a solution. When making dreams, money is a slave that can be exchanged and fought for resources. Weak money is like a child, it needs to be nurtured and nurtured to grow. Xiao Bian believes that there are five important things in the world, life, time, luck, connections and money. The first three are uncontrollable, and the latter two are things that can be changed the day after tomorrow.

On the principles of money

Akkad revealed to everyone the basic principles of money, and although these principles are so unpretentious, these principles are the truth, and the truth is often very simple. Through the understanding in the book, the editor has simplified it into four words - earn, save, use, and spend. These four lists are simplified like nonsense, but this is the basic principle of money.

earn - both income

Before we can realize the last three principles, we must first bring water in, like digging a canal. For money, we need to exchange for the difference in the value of things and things. The ability to make money is determined by the size of your own resources. The bigger the resource, the more you can earn, and the smaller the resource, the less you can earn. Resources refer to human connections, wisdom, physical assets, etc., which Xiaobian understands as their own unequal advantages.

save - keep money

As I said before, when money is low, it is particularly weak, and it is the key to accumulate more. Money is energy. Money can attract money. Only when it reaches a certain amount can it exert its power. Akkad persuaded everyone to save at least ten percent of their income, so that at least ten percent of their income was theirs.

use - money makes money

When money reaches a certain amount, money will form an energy to attract more money to achieve the effect of money begets money. But the premise of money making money is not gambling or irrational investment and speculation. The way money makes money should be planned and rational investment. Information professionals who bring us the opportunity to profit through their wisdom. Investing without understanding an industry, or in the false belief that others can benefit us, is as wasteful as throwing money into the ocean.

spend - both overhead

Spending should not be based on price, but on value and cost-effectiveness. Remember, every penny we spend lowers our chances of getting more wealth, so every penny counts. Making a budget allows us to understand the direction of spending so that we don't overspend and overdraft is the whole key to getting wealth. Make reasonable arrangements to make yourself comfortable and don't let yourself overdraft.

Other Essences and Epilogues Mentioned in the Book

The importance of cognition

Before Akkad became rich, he traveled around the country and became an engraver inspired by the desire to become rich. Xiao Bian got a revelation here is that cognition is very important. Cognition is our understanding of the world. If our cognition stays in the well, then one day someone tells us that we have seen a sea bigger than the well, then we will definitely think that it is a lie and cannot see the sea. vast.

Goddess of Fate's Arrangement

When Akkad became the richest man in Babylon, many people believed that Akkad inherited Agmish's property, and the pie that fell to him was made rich by the goddess of luck. Most people also think that wealth is destiny, but is this really the case? If Akkad hadn't thought about being rich, he wouldn't have asked how to become rich when he met Agmish, and he might have been a carver for life. Akkad could not have been rich if he did not practice the methods of Agmish. If Akkad hadn't prepared, practiced and planned his destiny, it would have been absolutely impossible for Akkad to be rich. A sentence in the book is very apt.

"The fickle and unpredictable fate is a vicious goddess who does not give people sweetness. On the contrary, she gives unexpected wealth but also brings destruction. He makes people who spend money haphazardly, and when they run out of money, there is nothing left, and in the end there is nothing left. Keep your own over-inflated and unsatisfied desires. At the same time, there is another group of people who are favored by her who have become cheap people who only hoard wealth, but are afraid to spend money because they know that they can't make more money on their own. money."

Epilogue

The editor also had nothing a few years ago, and the investment failed again and again. Thanks to the blessing of the goddess of luck, I made a small amount of money, and my inflated self-confidence made countless wrong judgments, resulting in nothing, and all the savings of several years were emptied. Later, I tried the method in the book, reduced debt and gradually gained savings, and even started to invest in projects with stable returns to achieve small achievements. Although life still has a lot of expenses to deal with, but through an effective budget, the desire for quality of life can be gradually satisfied.

For book friends who want to learn about money and financial management, I think this book has an enlightening effect. If I want to learn finance and financial management, the editor thinks that we should start with concepts and thinking first, and then learn to operate after the dimension is improved. This step-by-step approach is more effective than the reckless one of the editor. So today's sharing is here, see you next time!