Need Something to Do This Summer? Read a Book

In my younger days, I was always looking to learn about finances. I wanted to learn about everything in terms of money. An older gentleman in my town made one suggestion. "Read the book The Richest Man in Babylon." At first, I had no interest in reading a biblical account of someone from ancient times. Bad mistake. About five or seven years later, I came across the book at, of all places, an Amyway convention. I read it and knew that I should have taken the old mans advice sooner.

The Richest Man in Babylon can be bought on the Amazon web site for under $10. Let's take a few minutes and look at what this book by George Samuel Clason has to offer. All of the following is taken from the book. I only offer the advice to read this book.

Points of Emphasis
1. If you are not wealthy, it is because you have failed to learn the laws of wealth building. This is what the richest man in Babylon preached to his friends. Few men can use their money wisely, he goes on.
2. Learning about money is a continuous process. It never stops.
3. Keep a part of your salary for yourself. Don't spend it for anything. After you have saved enough, invest it. Pay yourself first.

Seven rules of a Lean Purse
1. Instead of spending 10 coins in your purse, only spend 9. Eventually your purse will fatten. (notice that is 10 % savings.)
2. Control your expenditures.
3. Wealth is not measured in the income in your purse, but in the wealth you build with it.
4. Understand and appreciate the risk of loss.
5. Make your home a profitable investment.
6. Establish a future income.
7. Grow your ability to earn and learn.

These are just a few things that the book will teach you. If you consider yourself poor or a middle class individual, you should read this book. If you have a high school student or if you are just beginning to assert yourself in the "job market", pick up this book and read it this Summer.

Conclussion
It is never to late to learn. Check out number two in the points of emphasis above.