- The thoughts of youth are like bright meteors which shine and pass away but the thoughts of old age wisdom is like the fixed stars that shine continuously for ages that sailors use for directions
- A part of all you earned is yours to keep. And what you keep for yourself must earn itself. So, pay yourself first before spending on your clothes, food etc;
- Ask a jewel merchant about the jewels, not a brick maker —> Necessity of proper advice. Advice is one thing that is freely given away, but watch that you take only what is worth having
- Don't eat savings (can do i.e can save some money and refrain from using it). Don't eat from children of savings (bit difficult, usually, we take interest as granted, but as we continue to save this as well, does the money grow further). Don't eat children asap, first get the army
- Live upon less than you can earn and seek advice only from those that's qualified
- Opportunity is a haughty goddess who wastes no time with those who are unprepared. —> Importance of preparation
Seven Curses For A Lean Purse
- Start Fattening the Purse i.e spend a little less than what you can actually afford. For each ten coins I put in, to spend but nine.
- Control the Expenditures (by budgeting) - But a usual complaint is "It's not enough". That what each of us calls our 'necessary expenses' will always grow to equal our incomes i.e a 20k guy lives like a 20k one thus no savings and a 20L guy lives a 20L lifestyle thus no savings
- Just as weeds grow in empty fields, desires grow when you think it can be achieved with your income. It's not necessity, it's desire (which are countless)
- Make the Gold Multiply - A man's wealth is not in the coins he carries in his purse; it is the income he buildeth, the golden stream that continually floweth into his purse and keepeth it always bulging.
- To put each coin to labouring that it may reproduce its kind even as the flocks of the field and help bring to thee income, a stream of wealth that shall flow constantly into thy purse. —> Compound Interest
- Guard thy treasures from loss - Look for security for principle. And take advice from wise men
- Make of thy dwelling a profitable investment - Own the own home (different from what we learned from today's ones but this makes sense). Because if u have something ur own to stay, u will feel confident, proud and free from many things. And you can grow whatever u want
- Insure a future income - Think about the days where you won't earn
- Increase the ability to earn - The more wisdom we know, the more we earn. Upgrade your skills
- Desires must be simple and definite. They defeat their own purpose should they be too many, too confusing or beyond a man's training to accomplish.
Meet the Goddess Of Good Luck
- How to attract good luck? —> Forget about that, think about whether the money you might earn like that might stay for a long time. Or, can your replicate it again and again. If not, it's not worth trying
- Good luck waits to come to that man who accepts opportunity (and considerable risk)