Thursday, October 22, 2009
The Richest Man in Babylon
I like what you are doing here. One thought I had about 'the richest man in Babylon' was that the key message was to pay yourself 10%. But more recently (I read it more than 10 years ago) I think that they should have been explaining what to do with that 10% - ideally invest it into something that provides a low risk return - what ever that is depends on the person...I hope they did not actually say that - cause if they did I feel a bit silly for not getting it - as I would be much wealthier now! Basically I have been going for the minimum 10% of income investment for two years and I am liking it. But with the GFC income returns have been low, capital growth has been ok though.
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