The "Richest Man in Babylon" is a fictional book originally written in 1926 by George S. Clason whose storyline revolves around Arkad, a fictional character in the Babylonian parables, wh is described as "the richest man in Babylon." Two friends, Bansir and Kobbi, a chariot builder and a musician, get tired of working hard to get by without ever improving their status. So, they gather some additional friends and approach Arkad for advice on how to become wealthy. Arkad, who began his working life as a poor scribe, obliges by recommending "Seven Cures for a Lean Purse" which now translates into the "Seven Principles for Acquiring Wealth". We certainly recommend the book too 

1. SEVEN PRICIPLES
FOR ACQUIRING WEALTH
L E S S O N S F R O M T H E B O O K " T H E R I C H E S T M A N I N B A B Y L O N "
W W W . I N S P I R E D M O N E Y . C O M . A U

2. Y O U ' L L F I N D T H A T Y O U G E T A L O N G J U S T F I N E O N 9 0 % O F
W H A T Y O U E A R N A N D I N 1 0 Y E A R S , Y O U ' L L H A V E S A V E A
Y E A R S E A R N I N G S . T O V I S U A L I S E T H I S , T H I N K O F
C O L L E C T I N G 1 0 E G G S E V E R Y D A Y , E A C H E V E N I N G T A K E 9
F R O M T H E B A S K E T T O S E L L L E A V I N G 1 F O R
Y O U R S E L F . . . E V E N T U A L L Y , Y O U R B A S K E T W I L L O V E R F L O W
B E C A U S E Y O U ' R E P U T T I N G I N M O R E E G G S T H A N Y O U ' R E
T A K I N G O U T .
PAY YOURSELF FIRST
SAVE 10% OF EVERYTHING YOU EARN, EVEN IF
YOU'RE IN DEBT.

3. L I V E W I T H I N Y O U R M E A N S , B E T T E R S T I L L , L I V E B E L O W
Y O U R M E A N S . D O N ' T C O N F U S E N E E D S W I T H W A N T S , I F A
P A C K A N I M A L G O T T O C H O O S E H I S B U R D E N F O R A L O N G
T R I P , H E ' D C H O O S E T O C A R R Y G R A I N , H A Y & W A T E R -
N E C E S S I T I E S - R A T H E R T H E N G O L D & J E W E L S .
CONTROLL YOUUR
SPENDING
DETERMINE YOUR NECESSITIES AND CREATE A
BUDGET TO COVER THEM

4. Y O U N E E D T O P U T I T T O W O R K I N W A Y S T H A T E A R N M O R E
M O N E Y B Y I N V E S T I N G I T O R M U L T I P L Y I N G I T B Y T A K I N G
A D V A N T A G E O F C O M P O U N D I N G I N T E R E S T O V E R T I M E .
J U S T B E S U R E T O I N V E S T W I S E L Y W I T H P E O P L E O F
H O N O U R A N D E X P E R I E N C E . R E M E M B E R B Y I N V E S T I N G
Y O U R M O N E Y , Y O U C R E A T E A C O N T I N U I N G I N C O M E
S T R E A M - Y O U R M O N E Y I S W O R K I N G F O R Y O U W H E T H E R
Y O U A R E W O R K I N G , T R A V E L L I N G O R R E T I R E D .
PUT YOUR MONEY TO WORK
THE MONEY YOU ACCUMULATE FROM YOUR
EARNINGS IS JUST THE STARTING POINT.

5. I N V E S T I T O N L Y W H E R E Y O U R P R I N C I P A L I S S A F E A N D Y O U
C A N G E T I T B A C K I F Y O U W A N T T O A N D W H E R E Y O U ' L L
G E T A F A I R I N T E R E S T R A T E . Y O U S H O U L D O N L Y I N V E S T I F
T H E P E R S O N Y O U ' R E P A R T N E R I N G W I T H I S E X P E R I E N C E D I N
T H A T T Y P E O F I N V E S T M E N T . D O N ' T T R U S T A B R I C K M A K E R
T O B U Y J E W E L S O R , I N V E S T O N L Y W I T H P E O P L E W H O A R E
E X P E R T S I N I N V E S T I N G M O N E Y F O R P R O F I T .
PROTECT YOUR PRINCIPLE
FROM LOSS
THE FIRST THING TO DO WITH MONEY YOU'VE
SAVED IS TO PROTECT IT.

6. Y O U C A N D O T H I S B Y I N V E S T I N G Y O U R M O N E Y I N T O
B U Y I N G A H O M E A N D P A Y I N G I T O F F O V E R T I M E , Y O U ' R E
T U R N I N G A N E X P E N S E I N T O A N A S S E T . O N C E Y O U O W N I T ,
Y O U ' L L R E D U C E Y O U R C O S T O F L I V I N G A N D Y O U C A N
S E L L I T A T A P R O F I T I F Y O U C H O O S E . T H A T S A I D T H E
A U T H O R C O N T E N D S T H A T I T ' S S M A R T E R T O M A K E
P A Y M E N T S T H A T W I L L E V E N T U A L L Y B E C O M E E Q U I T Y T H A N
T O P A Y A L A N D L O R D . I S A Y T H A T D E P E N D S O N F A C T O R S
S U C H A S H O M E P R I C E S , I N T E R E S T R A T E S , A P P R E C I A T I O N ,
A N D Y O U R I N C O M E / J O B S T A B I L I T Y .
OWN YOUR HOME
MAKE YOUR HOME A PROFITABLE INVESTMENT
IT MAY NOT MAKE SENSE FOR YOU!

7. B U Y I N G R E A L E S T A T E A N D L A N D T H A T W I L L I N C R E A S E I N
V A L U E A N D C A N B E S O L D L A T E R , O R M A K E O T H E R
I N V E S T M E N T S .
M A K I N G S M A L L R E G U L A R D E P O S I T S W I T H A M O N E Y
L E N D E R ( B A N K ) O V E R T I M E S O Y O U K E E P G E T T I N G
M O R E I N T E R E S T A S I T G R O W S .
B U Y I N G I N S U R A N C E .
W A Y S T O D O T H I S I N C L U D E :
PLAN FOR RETIREMENT
INVEST FOR THE FUTURE FOR TWO REASONS: 1)
IF YOU DIE PREMATURELY, YOUR FAMILY WILL
BE PROVIDED FOR AND 2) WHEN YOU'RE NO
LONGER ABLE TO WORK, YOU'LL HAVE AN
INCOME.

8. I N S T E A D , T A K E C O N T R O L B Y I N V E S T I N G I N Y O U R S E L F .
I M P R O V E Y O U R S K I L L S O R L E A R N N E W S K I L L S T H R O U G H
C L A S S E S A N D T R A I N I N G . T H E M O R E Y O U K N O W , T H E M O R E
V A L U A B L E Y O U A R E A N D T H E M O R E Y O U M I G H T M A K E .
A L S O , S E T G O A L S A N D W O R K T O I M P R O V E Y O U R
P E R F O R M A N C E . P E O P L E W H O D O M O R E A N D B E T T E R
Q U A L I T Y W O R K G E T P A I D M O R E .
INCREASE YOUR EARNING
ABILITY
INCREASING YOUR INCOME DOESN'T MEAN
ASKING FOR A RAISE. THAT MAKES YOU
DEPENDENT ON A BOSS.

9. To learn more, please feel free to reach out to
the IM Team on 08 6222 7909 or
hello@inspiredmoney.com.au
CONTACT US