There are many advertisements offering to sell you techniques labelled how to make money the easy way but the experts know that these get rich quick schemes are a sham; just a way to separate any fool from his money.
The cognoscenti know the secret and in the early days it is delightfully simple; get rich slowly is the key to wealth. It is a failsafe process and has been around for thousands of years long before Biblical times and the ancients were well-versed in the art of making money.
There are five rules which every aspiring wealth-creator needs to know. First, do not spend all of your salary on your daily needs and wants. Allocate some seed money, money that is used for savings and then when there is enough of it, realistic investment. If you can allot at least 10% of your income to a savings account you will have made a good start. But you must do this every month and not borrow from it, treat it as untouchable and it will be the basis of your future wealth and prosperity.
Secondly, you must invest your savings in fruitful enterprises that provide a good return without attendant risk of loss. If an investment opportunity is too good to be true - it probably is! Remember the maxim a fool and his money are soon parted - it is still true today. So, if you do not understand an investment opportunity, talk to someone who does, or ignore it.
And that is the third way on the path to wealth. Only invest in something you do not fully comprehend if you are guided by people who do know what they are doing. Finding someone who does understand financial investment can be a tricky business these days. Otherwise the major banks would not be in the mess they are in throughout the world. They have taken risks with their capital and done the very opposite of what they advise others to do.
Fourthly, if you invest in something, ensure you understand what you are getting into. The golden rule is, if you do not understand all the implications of the investment, do not do it. The world is full of people who went for the latest hot tip from their hairdresser. Why would you take financial advice from a hairdresser?
And fifthly, beware of rogues, vagabonds and downright thieves who simply want to steal your money by offering impossible interest rates for short-term gain. There are very few viable get rich quick opportunities in the world today so caution, prudence and wisdom are eternal watchwords as your savings increase. Rogues come in all shapes and sizes; some are even your kith and kin. So, beware of relations who want to start a business and have not had the foresight to save anything for investment and want to use your seed capital.
There are no unfathomable secrets in how to make money the old fashioned way because the path is well-trodden by those who are in the know and have had the forethought to learn the lessons. George S. Clason in his novel approach to financial investment, The Richest Man In Babylon knew all about the ancients and their approach to money-making. He cleverly encapsulates some long-standing truths into Babylonian legends which provide some fiscal commonsense sadly lacking in many financial institutions in the recent past. All in all, an excellent read and an admirable text book for those who want to know how to make money the old fashioned way.
Jack has been writing articles for a number of years. As well as specializing in self-help and motivation - http://amotivatedmind.com/ he also writes extensively on heartburn and indigestion and has recently become aware of the benefits of CQ10. You can check out his latest website over at http://cq10.org/.
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