The First Key To Prosperity

The Riches Man In Babylon, written by George S. Clason is a great book for understanding the keys to wealth and prosperity, as I was reading this book I was so drawn in by the truths or timeless principles about prosperity and wealth.  Even though this book is set in ancient Babylon it is so relevant to today.  When you open the book, on the second page you will find the phrase, “Money is plentiful for those who understand the simple laws which govern its acquisition”.  I truly believe thats what separates the rich from the poor, just to simply understand the laws of money.  In this book, the character Arkad was considered the riches man in Babylon, he was so rich until the King of Babylon wanted him to sit with men in the country and teach them the keys to wealth. I want to deal with the first key in this blog.

The first thing you must understand if you are to achieve wealth and riches, is that you must pay yourself first. You will not believe how hard it is for people to understand that concept, especially for those who are living from paycheck to paycheck.  I have learned that bills will always be there whether you have money or not so the key is to live off of 90% of your income, so that means you have to save 10% of what you bring in.  Now I know you are saying thats impossible because your check is gone before you get it.  Think about it this way, if every week you were given $500 for your bills, but you took 10% of that which is only $50 a week.  At the end of the month you would have saved $200 and at the end of the year $2400 dollars.  Thats not bad when you are only taking $50 off of the top to save.  That $50 is not going to put you in a hole much more than you already are, and it probably won’t make a difference in meeting your needs.  My philosophy is, if it can’t meet your needs, then its your seed.

Let me put it this way, a farmer does not survive by eating the seeds, what he does is plants and waters the seeds, and then eats the fruits that are produced from the seeds.  What am I saying, you have to at some point save a little so you can have some thing to invest or plant.  I am going to end with this phrase from The Riches Man In Babylon, “you have to learn how to acquire money, how to keep it and how to use it”.

Stay Tuned for step 2……