The Five Commandments of Gold

We are living in an impatient age, and when it comes to money we need more now, today, and not tomorrow. Whether it is a mortgage or a credit card debit that expires us if we stop enjoying our purchases, it will not be good. When it comes to making money, we want easy choices and quick returns. Hence the current mania of crypto-currencies. Why invest in technology or learning on machines where Ethereum is overcrowded and Bitcoin is a gift that goes on and on?

One hundred years ago, American author George S Clason took a different approach. In Babylon the richest man gave the world a wealth – in essence – of economic values ​​based on what may seem obsolete today: warning, wisdom, and wisdom. Clason used the wise men of the ancient city of Babylon as a spokesman for his economic strategy, but this advice is as relevant today as it was a century ago, when the Wall Street Crash and the Great Depression were imminent.

Take, for example, the five golden rules. If you are looking to make the most of your finances, wherever you are, this is for you:

Law No1: Gold comes happily and adds to everyone who contributes one-tenth of their income to create a future for themselves and their families. Alternatively, save 10% of your income. At least. Save more if you can. And 10% is not for next year’s vacation or a new car. It’s a long time coming. Your 10% may include your pension contributions, ISAs, premium bonds or any other type of interest / restriction. Well, the interest rate on investors has dropped a bit now, but who knows where they’ve been for five or ten years? And a compound interest rate means that your income will grow faster than you might expect.

Law No2: Gold works hard and cheerfully for a wise man who finds a rewarding career. So, if you are looking to sell for money instead of saving, act wisely. There are no crypto-currencies or pyramids. We are focusing on the terms “benefits” and “jobs”. Make your money to help you but remember the best you can expect this part of the rainbow is a long-term refund, not a lottery win. By doing this it could mean that shares in established companies that offer full-time shares and rising share prices. You can invest directly, or through a fund manager as a unit trust, but before you run out of one penny, see Rules 3, 4 and 5 …

Rule number 3: Gold adheres to the protection of the wise owners who place them under the help of the wise in handling it. Before you do anything, talk to a financial adviser. If you don’t know, check it out. Search them online. What skills do they have? What kind of customers? Read the comments. Call them first and feel what they can offer you, and then decide if a face-to-face meeting will work. See what they are planning. Are they independent or are they tied to a particular company, under a contract to force the company’s finances? A good financial advisor can encourage you to get the essentials: pension, life insurance, somewhere to stay, before encouraging you to make money in the upcoming markets and travel trips. Once you are convinced that you have found a mentor you can trust, listen to them. Trust their advice. But review your relationship with them regularly, say so annually, and if you’re not happy, look elsewhere. Fortunately, if your judgment is fair, you will still have the same counselor for many years to come.

Rule No4: Gold flows to those who invest it in businesses or goals that they do not know or that are not approved by those who know how to do it. If you know more about the grocery store, try to sell it to a growing market. Likewise, if you work for a company that has a working class, it is wise to use it, if you are sure that your company has good prospects. But, you don’t have to put up any market or any financial item that you don’t understand (remember the Dangers!) Or you can’t fully research it. If you are tempted to try your hand at selling money or choosing a business and have a financial adviser, talk to them first. If they are not runners, ask them to refer you to who they are. Above all, avoid anything that you are not sure of, even if you come back empty-handed.

Rule No. 5: Gold flees for the sake of money or for trickery or trickery or for the sake of getting rid of it. Again, the fifth commandment follows after the fourth. If you start looking online for financial and financial advice, soon your box will be full of “deceivers and swindlers” promising you the world if you lose $ 999 in their “system” in exchange for £ 1 to £ 1XXXXXX Chicago Mercantile Exchange. Remember, the only one who makes money by chasing gold is the one who sells shovels. Buy the wrong shovel and you will shoot yourself in debt. You will not just pay for the services you are receiving; if you follow it you will probably lose a lot more than the price you paid. Gradually you need to analyze the realities of marketing. And do not buy any vehicle, savings vehicle or any financial item from any company that is not registered with the state regulator, such as the Financial Conduct Authority in the UK.