Do you ever wonder just how people become wealthy? You’ve heard the saying ‘the rich get richer and the poor get poorer’ but you just can’t figure out how to get ahead in life financially? Why is it that the rich get richer anyway?

We hear it all the time at Curtis Property Group and we like to challenge our clients to think differently – focus on progressive solutions, rather than problems. 

We all know that you can make decisions that change your life in an instant and history shows that our future choices are a direct result of the decisions we make today. 

Most Start With Nothing But A Desire To Grow Wealth

If you’re in to creating wealth we imagine you’ve heard of the book The Richest Man in Babylon by George S Clason. Countless readers have been helped by the famous Babylonian parable, hailed as the greatest of all inspirational works on the subject of thrift, financial planning, and personal wealth.  It’s one of our faves.

It certainly is a must read for you if you’re wanting to change your current financial position as it offers an understanding of – and solution to – your personal financial challenges that will guide you through a lifetime.

Babylon became the wealthiest city of the ancient world because its citizens were the richest people of their time. They appreciated the value of money. They practised sound financial principles in acquiring money, keeping money and making their money earn more money. They provided for themselves what we all desire… incomes for the future. 

The Babylonians were extremely switched on when it came to money. Unfortunately today, few people know how to acquire wealth as most people lack the knowledge of how to keep any part of income earned.

Without wisdom your money is quickly lost by those who have it. But with wisdom wealth can be secured by those who don’t currently have it. Powerful stuff!

Money Is Plentiful For Those Who Understand The Simple Rules of Acquisition

1. Save – 10%

2. Control Your Spending. ‘Necessary expenses’ will always grow to equal our income unless we protest to the contrary. Confuse not the necessary expenses with your desires. This is a hard one sometimes, we know.

3. Multiply Your Money. Now you are saving a little each week and have controlled your spending, it’s time to put your money to work and increase it. Money in your pocket is gratifying to have but sadly it earns nothing.  You’ve worked hard for your money. Now we need to make your money work hard for you!

A man’s wealth is not in the money he carries in his purse, it is the income he builds, the golden stream that continually flows into his purse and keeps it bulging.  That is what we all desire – an income that continues whether you’re working or off sailing around the world.

4. Keep Your Money Safe. Guard your money from loss by investing only where it is safe, where it may be reclaimed if desired and where it will collect a good return.

The book says to consult with wise men (or women) – secure advice of those experienced in the profitable handling of your money.  Let their wisdom protect your money from unsafe investments.

5. Invest Profitably. Invest in your own home and it will greatly reduce your cost of living, make available more of your earnings. This could be a home you live in or an investment property you have acquired as a growing asset.

6. Insure A Future Income. No-one can afford not to insure their assets / money for their old age and the protection of their family, no matter how prosperous his business and investments may be.

7. Increase Your Ability To Learn. The more wisdom we have, the more we may earn. Knowledge is power but only when used.

How’s Your Mindset?

8. Manage Your Mindset. Along with learning the ‘right’ way to manage money you also need to manage your mindset. Your current wealth mindset has helped you to get where you are now… but if you want to go further to achieve financial security, you might just need some help to get there.

This is a common issue for people who know they need to secure their financial future, but haven’t had much success in actually doing it. Reading The Richest Man In Babylon is a great start or a perfect addition to your bookshelf and a really good way to increase your knowledge around money and how to manage it to benefit you.

A simple mindset hack you can say to yourself which we find useful is ‘This is simple. This is easy. This is fun.’ Or perhaps you could say to yourself ‘How can I?’ Either of these will help reset your mind to create a more positive outcome, rather than being stuck when trying to take action.