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The Accumulation of Wealth

Discussion in 'Business & Tax Advice' started by jofalltrad3s, May 3, 2012.

  1. jofalltrad3s

    jofalltrad3s Newbie

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    I recently read a book about the accumulation of great wealth. It was interesting to note that this book shunned the idea of quickly obtaining great riches. Even more interesting to note is that the inspiration for this book came from 6000 year old Sumerian clay tablets. The wisdom held in its pages have stood the test of time and have proven to hold true to this day.

    Among the many nuggets of wisdom, one resounding theme is echoed throughout this book. "A part of all you earn is yours to keep". In essence, save as much as you can, but no less than 10 percent. Over time, these accumulated savings can be used to purchase income producing investments (in our case IM tools, traffic, etc...). And 10 percent of that income (or more) should be saved to buy even more income producing assets..... you see where I am going with this.

    Anyway, the book is entitled The Richest Man in Babylon. You can find it on http://di.tl/yG (not affiliated)

    For those looking long term, it would be wise to browse the info in these pages
     
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  2. Ouroboros

    Ouroboros Registered Member

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  3. Ninety9media

    Ninety9media Junior Member

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    Hmmm I agree with you about saving 10% and reinvesting it, and I would add that gaining knowledge and skills is equally important. You need to know what to invest in, or that 10% will go to waste.
    I'll download that book later, on iPhone tapatalk now, thanks
     
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