Thursday, November 29, 2018

The Richest Man in Babylon - Best Ideas Summary

Nov. 29, 2018

Introduction


It is five minutes video. Here is the link. I like to write down the transcript.


Transcript


Get best clothes and food. But he never makes a fortune.

Understanding how money works.
How to put his money to work for himself.

Tell the difference from luxuries from necessities.

Controlling expenses
Money soldiers

Good investment vs poor investment

Men of Action

Always invest in your know best

Controlling expenses and investing in what you know well.
Never assume that you know it all.
Keep your mind open. Live below your means.
It takes them decades to learn that seeking advice.

Control your expenses.

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