Any man who will put by one-tenth of his earnings consistently and invest it wisely will surely create a valuable estate that will provide an income for him in future.
One of the most obvious truth in investment is to just save, and invest it wisely. However, not may people understand it. We don’t realize that a part of all you earn is yours to keep. We never save enough, because we think that we have to pay for so many other things for example monthly bills, housing mortgage, and daily expenses, that we hardly have anything left to save.
In this book The Richest Man in Babylon, George Clason puts out words of wisdom from an old rich man who says, Any man who will put by one-tenth of his earnings consistently and invest it wisely will surely create a valuable estate that will provide an income for him in future.
This is the secret of all wealthy people, and if followed correctly you can build your wealth like a tree, see it grow from year after year. All you have to do is to set aside one-tenth of whatever you earn from each month and keep investing it wisely. Once you are able to do that consistently, you will experience the fruits of your tree later in the future.
Note: one-tenth is minimum recommended, you can even save more if you will 🙂
Let us know your thoughts on savings in the comments. If you wish to take a look at the book, amazon link is below