Daily Juice 067 – Money moves for 21st Century
I just finished discussing “The Richest Man in Babylon” book by GEORGE SAMUEL CLASON, “Seven Cures for the lean purse”. It was a hit!
I also just happen to publish an article discussing the top 3 best practices for your Money in the 21st century!
Interesting point is that I wrote the article before I re-read the book and I can’t believe it how much similarity there is.
Here are 3 money hacks for the 21st century:
- Stay broke (or Live beneath your means). Know what your lifestyle cost you and stick to it. Remember Arkad’s lesson: “For every ten coins thou placest within thy purse take out for use but nine.”
- Income is King– Start a side hustle. We talked about this in the previous episode. (#66)“The more of wisdom we know, the more we may earn.” -Arkad said. You can’t save your way to wealth and prosperity! You need to think how can you increase your income. What skills you have that you can get paid for.
- Save to invest, not just to save– I am all for saving money, but I would like to do first is for you to earn more, that way your savings will grow faster, 10x faster. At that point, you can start making substantial investments. While you are getting there, invest in yourself, increase your skills.
It just a coincidence, that I dug up this book and right before that I finished writing my article. It just blows my mind, how these simple financial hacks have been around for ages and many of us ignored them. Let’s stop overthinking money, and let’s just start making more.