Lifetime Book Club: The Richest Man in Babylon by George S. Clason
Welcome back to the Lifetime Book Club! This month, we’re diving into a timeless classic that has guided countless individuals on their financial journeys: The Richest Man in Babylon by George S. Clason.
Why We Love It:
The Richest Man in Babylon takes us on a journey to ancient Babylon, offering wisdom through parables that are as relevant today as they were thousands of years ago. Clason’s storytelling makes fundamental financial principles come to life in a way that’s engaging and easy to grasp.
Key Takeaways:
-
Pay Yourself First: One of the core lessons is the principle of saving at least 10% of your earnings. This simple yet powerful habit lays the foundation for financial growth and security. At Lifetime, we couldn’t agree more – prioritising your savings is a crucial step towards financial independence.
-
Control Your Expenses: Clason teaches us to distinguish between needs and wants, and to live within our means. It’s a straightforward concept, but one that’s essential for maintaining financial health. We believe that smart budgeting is key to achieving your financial goals.
-
Make Your Money Work for You: Investing wisely is another pillar of the book. The idea of putting your money to work through sound investments aligns perfectly with our philosophy at Lifetime. We’re here to help you make informed decisions that will grow your wealth over time.
-
Seek Financial Wisdom: Learning from those with experience and knowledge is a recurring theme in the book. Whether it’s through reading, mentorship, or professional advice, educating yourself is crucial. At Lifetime, we’re dedicated to providing you with the insights and guidance you need to succeed.
Why You Should Read It:
The Richest Man in Babylon distils complex financial principles into easy-to-understand stories. Whether you’re just starting out on your financial journey or looking to reinforce your existing knowledge, this book offers timeless wisdom that can help you build a solid financial foundation.
Win a Copy:
We’re excited to share this wisdom with you! This month, we’re giving away a copy of The Richest Man in Babylon to one lucky Lifetime client. Click here to enter.
Happy reading, and here’s to making wise financial decisions together!
Staying Cyber Smart
At Lifetime, looking after your financial wellbeing includes helping you stay safe online. Lately, we’ve seen an increase in online scam attempts across the financial sector here in New Zealand, so we thought this was a good time to share a few friendly reminders on how you can stay protected.
Lifetime Book Club: The Behaviour Gap by Carl Richards
Welcome back to the Lifetime Book Club, this month, we’re taking a closer look at the emotional side of investing with The Behaviour Gap by Carl Richards. It’s a smart, simple, and refreshingly honest book about the biggest threat to your financial success - you.