The Richest Man in the Babylon.
- Anchor Kunal Vastani
- Nov 21, 2019
- 3 min read
Dear Friends,
Wish you All Happy Dhanteras 💸💴💶💳💰🏧🤑
On this Special day sharing some of my financial leaning from the Book The Richest Man in the Babylon.
Seven Cures For a Lean Purse
1) Save minimum 10 Percentage Of your Earning :
Plan Everything on Remaining Part 90%.
I follow 20:20:60 Formula
i.e. 20% Save for Emergency
20% Invest For Future wealth.
60% For Basic need and desire.
Note: Percentage Vary Depends on ur personal & financial Goals.
2) Control The Expenditure :
Have Budget & Avoid the unnessary Expenditures.
Follow 20:20:60 Formula mention above for Ur basic need and desire.
3)Make the Gold (Money) Multiple :
Invest So that Your Money Work For you. Follow 20:20:60 Formula mention above for Investment.
4)Guard the Treasures from loss :
Invest wisely in Secure Business where at least your principal amount is Protected.
5) Buy Your own House :
Instead of Paying Rent which is anyways lost Buy your own house which will give you good returns in long run.
6) Insure a Future Income :
Old Age and Death is Big unchangeable Reality so Make sure You have some Future Income which will help to support your family in ur Absence.
7) Increase The Ability To Earn :
Study & Become Wiser. Gain More Wisdom and Be More Skillful to earn more Income
Do like , Comment and share.
Happy Investing 💰💰💰
Anchor Kunal Vastani 😍
9819599420
Golden Rule For Financial Management. 20:20:60 Formula
First : Save 20% For Emergency / Contingency Fund.
Second : Invest 20% To Become Rich and Wealthy in Future.
Third : Utilize Remaining 60% For Your Basic Need and Desire.
Follow This 20:20:60 Formula in same Order mention above for next few years and you will see Drastic change in your Life.
Don't wait for Right Time.
Today and Now is the Best and Right Time to Start This 20:20:60 Formula.
CheeRs4LIFE,
Anchor Kunal Vastani
9819599420
Disclaimer : Above percentage might vary from person to person depends on his/ her personal and financial Goals.
How To Come out of Bad Debts
Source : The Richest Man In Babylon Book.
STEP 1 : List Down all your bad Debts that You have & whom you need to give. Create Complete DETAIL list. This Information will give you Crystal clear idea ... How much debts you have and approx how many days you will need to clear all those bad debts.
STEP 2 : Verbally Tell people with whom you had taken loan or borrowed Money that You Will clear all there Debts ASAP.
STEP 3 : What Ever amount You Earn ... Divide as per Below details.
#First : Aside 10% of your earning For Your wealth Building / Saving / Investment.
#Second : Aside 20% of your earning To Clear all your Debts.
#Third : Utilize remaining 70% For your Day to Day expenses to run your house and Family. It's will be tough and challenging to adjust in 70% but in upcoming next few months you will be used to it.
Start Clearing Debts Of everyone Slowly and Steadily. Even If this process is bit slow but When Everyone Receiving Their some portion of money ... They will be Happy and Feel Confident On You that today or tomorrow you will clear all there amount.
This will Give you a sigh of relief and You will feel relax.
Follow This Practice Religiously without any break. Just Follow the Momentum and Trust me Soon In Next Few Days/ Months /Years you will clear all your Bad debts.
( Note : Time require to clear your Bad Debts Depends On amount of Debts you have ... For some It's Few Months and For others It's Few Decades )
Wish you Best Luck To clear all your dirty bad Debts.
Happy Investing ✌
Anchor Kunal Vastani
9819599420
Five laws Of Gold (Money) from the book " The Richest man in the Babylon "
1) Like I said Before, Invest minimum 10% of your earning to create an estate for your future and that For Family.
2) Invest Money In the Profitable Business where you are sure that atleast ur Principle is protected.
3) Invest Under the advice of Wise man who have correct desire & skillful knowledge of that Business /Field.
4) Investors Losses Money when they Invest in business which they are not familiar and Which are not approved by those skilled Wise man.
Understand Business first and take Guidelines from Wise man.
After that You Can Invest to safeguard your Hard earn Money.
5) Avoid Quick Rich Scheme, Tricksters and Schemers advices and there Investments Policy.
💰 Happy Investing 💰
💰 Kunal Vastani 💰

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