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.
“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.”
Today’s topic is about lending to an entity instead of a person, and what you need to do in order to protect your money. SO let’s get down to the brass tacks and discover why you will always demand and require a personal guarantee when lending to an entity.
If you’re looking for practical tips and advice on Private Lending and how to keep your money safe, then you are in the right place. But if you want to learn from my mistakes so you can both avoid and profit from them, well then pull up a chair and pour yourself a drink my friend, because this podcast is just for you!
Keith Baker describes the Core Values of Private Lending to give you a touchstone to refer to when you have questions or are unsure if you should lend