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THE RICHEST MAN IN BABYLON SUMMARY (BY GEORGE S CLASON)

Support the channel by getting The Richest Man in Babylon by George S Clason here: https://amzn.to/2OsViMb As an Amazon Associate I earn from qualified purchases. --- This is a top 5 takeaways video of The Richest Man in Babylon, a classic on financial common sense, written by George S. Clason. --- My main tool for fundamental screening and analysis of stocks: https://app.tikr.com/register?ref=tsi (If you sign up I earn a small commission) --- Top 5 Takeaways from The Richest Man in Babylon: 0:00 Intro 0:13 1. Pay Yourself First 1:28 2. Men of Action are Favoured by the Goddess of Luck 3:00 3. Wealth is NOT a Matter of Income 4:52 4. Act When the Time is Right 5:34 5. The Power of PASSIVE Income --- To sum it all up: Takeaway number one is to pay yourself first. Takeaway number two is that men of action are more likely to be “lucky” in the long run. Number three is that wealth is a function where expenses is the most important factor, not income. The fourth advice from the book is to take action when the time is right and takeaway number five is the power of passive and exponential income. --- My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there – investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties – I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process – upgrading your money-making toolbox.