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PLP-135 The Fifth cure to a Lean Account Balance

In today’s episode, we will continue with our monthly lesson from the book by George Clason’s The Richest Man in Babylon. Today’s lesson is the 5th cure for a small account balance, which is simply: Make your house a profitable investment, or in other words, own your own home. 

PLP-133 The Fourth Law of Wealth

“Gold slips away from the man who invests it in businesses or purposes with which he is not familiar, or which are not approved by those skilled in its keep.”

“To the man who has gold, yet is not skilled in its handling, many uses for it appear most profitable. Too often these are fraught with the danger of loss, and if properly analyzed by wise men, show small possibility of profit. Therefore, the inexperienced owner of gold who trusts to his own judgement and invest it in businesses or purposes with which he is not familiar, too often find his judgement imperfect, and pays with his treasure for his inexperience. Wise, indeed, is he who invests his treasures under the advise of men skilled in the ways of gold.”

PLP-130 The Fourth Cure For A Small Account Balance

“Guard your wealth against loss by investing only where your principal is safe, where it may be reclaimed if desirable and where you will not fail to collect a fair rental. Consult with wise men. Secure the advice of those experienced in the profitable handling of money. Let their wisdom protect your wealth from unsafe investments.”

PLP-127 The Third Law of Wealth

How to passively invest in real estate without liabilities, tenants, toilets, or termites. Discover how to protect your wealth and make it multiply by seeking advice from wise handlers of money.

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