The Richest Man in Babylon George S. Clason

This book was absolutely fantastic! It really opened my eyes to finances and has changed the way I view them. One of the biggest things this book teaches is that no matter what size your income is, 10% of it is yours to keep.

This book was highly motivating for me, and I recommend it to anyone who ever uses money.

Another is that debt is an enemy to conquer, not a necessary evil. One of the families in the story did this, and had to pay rent on top of it. We have long realized that renting and paying interest on a mortgage is about the same. Michael and I came up with a spending plan that allots 20% of our income to actually paying off our debt, and we will be completely debt free in 9 years, and in that time we will also have allotted 10% to savings. 10% of our income goes to tithing as well, so this gives us 60% of our income to live off of. But we took that figure and created a plan based on that amount. We’re not going to starve on that figure.

This plan gives us less money for other things that we’re used to buying, and starting out we realize that we’re going to have to sacrifice to make this work, but we figure that now while our family is young is the best time to establish these habits. To be completely debt free with our home before we even have teenagers will be a powerful thing. We just need to focus on this master plan.

3 comments

  • I would like to express appreciation to the writer just for bailing me out of this particular condition. After surfing through the search engines and seeing suggestions which are not helpful, I was thinking my life was well over. Living devoid of the solutions to the issues you have fixed all through the website is a crucial case, as well as the kind that could have badly damaged my career if I had not come across your web page. Your primary know-how and kindness in maneuvering almost everything was tremendous. I’m not sure what I would have done if I hadn’t come across such a point like this. I am able to now relish my future. Thanks a lot very much for this high quality and result oriented guide. I will not be reluctant to recommend your web sites to any person who should receive guidelines about this matter.

  • Thank you so much for providing individuals with an extraordinarily nice chance to read in detail from this site. It is always very superb and as well , jam-packed with a good time for me and my office fellow workers to visit your blog really three times in one week to read the fresh guides you will have. And of course, we are actually pleased with the eye-popping tactics you serve. Certain 4 areas on this page are surely the finest we have all had.

  • Thanks a lot for giving everyone an exceptionally terrific opportunity to read in detail from this web site. It is usually so cool plus full of amusement for me and my office peers to visit your blog at the very least 3 times in one week to see the new guidance you have got. Not to mention, I am just at all times astounded with the very good methods served by you. Certain 1 tips on this page are essentially the most impressive we have all ever had.