Hello Friends
In my blog 'The Richest King of Babylon' I talked about how alkmish became rich and he told his secrets to argadh. So let's move forward with that and let's know that how argadh implemented these secrets in his life.
Argadh told his friends that I started saving 10% of every earning and Surprisingly, it was not much harder to do this. I adjusted and saved for a year. Then alkmish came back asked, that how are your savings going on? I told him, pretty good. He asked me what have you done with what you saved? I told him that I gave that money to one of my friend who will go to another country and buy expensive jewelry cheaply and we will make more money by selling those ornaments expensively in Babylon. Alkmish said good, but he has any knowledge about jewelry? Does he work as a jeweler? I said, no, he is a house builder. Alkmish got angry and said, you made a big mistake. How can you expect that a house builder keeps good knowledge about jewelry? If you want to gather information regarding stars definitely you will visit an astrologer not a bakery shopkeeper. So you should have given this work to a jeweller. Anyhow, To err is human. Now again start saving money and he left. Alkmish was right. My friend, whom I sent to buy jewelry in other countries, had become a fool. He bought fake ornaments.
After some years passed, alkmish came again to me to see that what am I doing with my money. I told him, this time I purchased copper and gave it to pots and utensils maker. Who give me profits after every two months. Alkmish told,what do you do with that profit? I said, I buy expensive cloths, rarest of wine and soon I'll buy a horse cart. Alkmish laughed and said, you are cutting your tree even before it grows.
If you will keep on doing this, you will reach at place from where you have started. You are eating the children of your money. You should invest profit again which you gained from your previous savings. You should do this as long as you earn enough money to expend on anything you want to,without reducing your earnings.
Again after two years alkmish came back to me and I told him that now I am not earning much but yes, my investments are making more money even children of my investments are making more money. Alkmish was pleased after listening it and he made me his partner. Now my friends you know at which position I am. I have told you all the secrets and thought behind my success. I hope you will also implement these secrets in your life.
So friends, we have learned 3 keys of success in this story:-
1) Pay to ourselves:- we should pay at least 10% of our earnings to ourselves.
2) Seek advice from experts:- Before investing ask people who are competent to give it rather you ask your relatives or friends who do not have any knowledge regarding investments.
3) Make your gold work for you:- keep reinvesting your investments until you make enough money to spends on anything without reducing your wealth.
So friends, we all should also adopt these laws in our lives. Please tell me in comments that how did you find it? And give your views also.
Thanks
Happy Savings
After some years passed, alkmish came again to me to see that what am I doing with my money. I told him, this time I purchased copper and gave it to pots and utensils maker. Who give me profits after every two months. Alkmish told,what do you do with that profit? I said, I buy expensive cloths, rarest of wine and soon I'll buy a horse cart. Alkmish laughed and said, you are cutting your tree even before it grows.
If you will keep on doing this, you will reach at place from where you have started. You are eating the children of your money. You should invest profit again which you gained from your previous savings. You should do this as long as you earn enough money to expend on anything you want to,without reducing your earnings.
Again after two years alkmish came back to me and I told him that now I am not earning much but yes, my investments are making more money even children of my investments are making more money. Alkmish was pleased after listening it and he made me his partner. Now my friends you know at which position I am. I have told you all the secrets and thought behind my success. I hope you will also implement these secrets in your life.
So friends, we have learned 3 keys of success in this story:-
1) Pay to ourselves:- we should pay at least 10% of our earnings to ourselves.
2) Seek advice from experts:- Before investing ask people who are competent to give it rather you ask your relatives or friends who do not have any knowledge regarding investments.
3) Make your gold work for you:- keep reinvesting your investments until you make enough money to spends on anything without reducing your wealth.
So friends, we all should also adopt these laws in our lives. Please tell me in comments that how did you find it? And give your views also.
Thanks
Happy Savings
Thnku
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