There are few books of basic wisdom that endure for generations. One of these books is The Richest Man In Babylon, first published in 1926.
We have heard, again and again, the critical importance of putting aside a share of our income for investment.
There are a lot of ways to build wealth, but there is a simple, sure way that can always work. It is simply to develop the habit from a young age of saving a share of your income, say 10%. Paying this amount to your investment account must become the same as paying your monthly rent or mortgage payment.
Developing the habit of saving money should be developed the same as the habits of bathing, washing hands before a meal, or shaving.
If you can't have certain luxuries now and maintain your savings ritual, postpone the luxuries now so you can enjoy them and financial security later.
I said this method is simple, I didn't say it was easy.
These are the lessons that George S. Clason drives home again and again in the parables of The Richest Man In Babylon.
Here is an excellent graduation gift for your child or grandchild.
If you haven't heard of or read The Richest Man In Babylon yet, maybe this is a good time to get a copy for
yourself and read it.
Santini and Company CPAs | 2 South University Drive, Suite 265 | Plantation, FL, 33324 | (954)473-5656
Taxes, Accounting, Business Consulting and Personal Financial Planning.*
Helping you keep more of what you earn.
Santini and Company CPAs is a South Florida business accounting, consulting and financial planning firm dedicated to helping companies and individuals keep more of what they earn. Offering a range of accounting services and financial management consulting, including business valuations, financial review, internal audits, payroll accounting, new business formation, managerial accounting, state tax returns, trust and estate taxes, and management of the IRS audit process to Florida businesses, individuals and families. If you owe back taxes, are facing an IRS audit, are starting a new business, need help with elder care financial planning, or simply need the experience and advice of a seasoned CPA firm, Santini and Company is ready to take your call.
Securities Offered through Sammons Securities Company, LLC. Member FINRA and SIPC
*Investment advisory services offered through Sigma Planning Corporation, a registered investment advisor.