The Richest Man in Babylon: 7 Money Rules That Still Work Today

The Richest Man in Babylon: 7 Money Rules That Still Work Today 📌 Tired of guessing where your money goes? Get the Trip2Wealth Command Center google sheet and run every number in one place. 👇 https://trip2wealth-shop.fourthwall.com/products/trip2wealth-command-center-12-month-personal-finance-google-sheets-system?utm_source=youtube&utm_medium=video&utm_campaign=richest-man-babylon Americans save about four cents of every dollar they earn. That is the national personal saving rate in twenty twenty-six, just four point one percent, and for many families over forty, it is even less.If you work hard and still feel stuck, this book was written for you. The Richest Man in Babylon from nineteen twenty-six gives seven simple rules from ancient Babylon, and this video does the real math for someone who started late with Tom at forty-eight, Denise at fifty-three, and Luis at forty-five.In this video you will learn: - Rule one with Tom earning about sixty-four thousand dollars a year and saving five hundred thirty dollars a month automatically - How that could grow to about two hundred seventy-six thousand dollars in twenty years and about one hundred sixty-eight thousand dollars in fifteen years - Rule two with Denise who found about three hundred eighty dollars a month and how that could grow to about one hundred twenty thousand dollars in fifteen years - Rule three why ten thousand dollars becomes about nineteen thousand seven hundred dollars in ten years and about thirty-eight thousand seven hundred dollars in twenty years - Rule four guard from loss and the one week test plus building a cushion of about one thousand dollars then one month then three months - Rule five why ending a one thousand six hundred dollar mortgage payment is like nineteen thousand two hundred dollars of yearly income - Rule six IRA limits of seven thousand five hundred dollars a year and eight thousand six hundred dollars once you are fifty or older - Rule seven how Luis added about four dollars an hour or about eight thousand three hundred twenty dollars a year and sent about six hundred ninety dollars a month to work #moneymanagement #personalfinance #budgeting All numbers are examples for illustration, not promises. Investment returns are not guaranteed. This is education, not financial advice. I am not a financial advisor. For big decisions, talk to a licensed professional who knows your situation. 🔔 Subscribe for weekly videos on money mindset, saving money, and how to manage money: https://bit.ly/3BG0rc1 🎥 Essential Playlists to Watch🎥 https://www.youtube.com/watch?v=WKC2k1nS9HI&list=PLOxVx_j5XKU-LS4sY-OZtB_dYsJ6Uk2fp https://www.youtube.com/watch?v=ARjZjaE--qc&list=PLOxVx_j5XKU9YcsH-IguoH684hvDWNT-7 https://www.youtube.com/watch?v=blSplupPySg&list=PLOxVx_j5XKU9Bc_59nBPO4-GscJLJh7xj ----------------------------------------------------------------------- 🎵 Music Credits: Background music includes "DivKid Icelandic Arpeggios," YouTube Audio Library. 🎥 Visual Content Some footage and images used in our videos are sourced under the Creative Commons Attribution license. We also incorporate licensed visuals from third-party platforms. ► Fair Use Notice Third-party content featured in our videos is used in accordance with fair use principles. It is transformative in nature, providing added commentary, context, or educational value. 👉 If you believe your content has been used inappropriately and would like it removed, please contact us at: 📧 trip2wealth2022@gmail.com ⚠ "DISCLAIMER: ⚠ All content in this channel is for entertainment and educational purposes only. I am not a professional financial advisor and our statements are not to be taken as instructions or directions. In addition, some of the links above are affiliate links, meaning that at no additional cost to you, we may earn a commission if you click through and make a purchase. Enjoy and thank you for your support! ⏱️ CHAPTERS ⏱️ 00:03 Americans save only four cents of every dollar 00:34 The Richest Man in Babylon book intro 01:24 Bansir and Kobbi meet Arkad 03:31 A part of all you earn is yours to keep 04:19 Rule one with Tom at forty-eight 07:29 Rule two with Denise at fifty-three 11:22 Rule three make your gold multiply 15:20 Rule four guard your treasure from loss 18:26 Rule five make your home profitable 20:33 Rule six ensure a future income 23:05 Rule seven with Luis at forty-five 27:32 One action for this week