13# 🎙️ The richest man in Babylon (2)

Date
12.01.2020
Read time

2 minutes

Author

Editorial Invest in Slovakia

In this episode, Arkad reveals 7 cures for a thin wallet. The key is to always save and invest.

What will you learn in the new podcast?

  Use your current source of income

There are many ways to make money. Just like Dave Ramsey says your best means of building wealth is your income. Not your debts. You have to save from it. That's the foundation and the first step.

Control your spending!

How is it possible that people who earn different amounts of money have the same zero at the end of the month? It's simple. Our expenses always balance themselves out, even surpassing our income. The only way to avoid this is to protest against it.

Make your gold multiply

Your wallet is gradually getting fatter! You keep 1/10 of what you earn. Whatever the amount saved, it is your personal wealth. Your treasure. Your sweetheart.

Insure yourself against disaster

Aj poistenie, ako produkt poisťovní môže byť dobrou investíciou. No v tomto prípade má autor skôr na mysli uistenie sa, že svoje peniaze nevkladáte niekam, kam by ste rozhodne nemali. Peniaze, ktoré nie sú prísne strážené sa môžu ľahko stratiť.

Own the roof you sleep under.

As in Babylon, so in the early 20th century, so in the early 21st century. If you already have a portion of the total amount of money, the banks will be happy to lend you money to buy a house. It is a good investment for them and for you.

Secure your pension

We're all in for it. Time passes and we grow old. One day we will no longer be able to make a living from our craft and so we need to prepare well for that time. You need to sow seeds wisely that will grow over the years and at the same time their fruits will be available when their time comes.

Increase your earning capacity

A person who only wants to be rich has a vague and hard-to-achieve dream. A person who wants to have 5,000 euros has a specific and attainable goal. With such a goal, you can look at the concrete steps that lead to it.

In the podcasts, we cover money, productivity, investing, as well as living a fulfilled and abundant life.

Sources of information are world-famous books, videos, biographies, quotes from successful personalities, as well as real interviews with successful investors, entrepreneurs and inspirational peoplewho are achieving remarkable results.

We are interested in how these people think about money, what habits influence their daily lives, what they attribute their success to, but also what their biggest failures in life have been. 

We select only the best for you and together we will give you insight into the secrets of how to live a more successful, wealthy and productive life.

About the author
Editorial Invest in Slovakia
The Invest in Slovakia crowdfunding platform facilitates investments in Slovak real estate projects to investors from all over Europe. It focuses on innovative solutions with benefits for the surrounding area. The long-term effort of the team of specialists is the development of financial literacy. It provides clients with access to thoroughly vetted assets with different appreciation strategies.

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