"I advice that you take the advice I received" the rich man replied as he continued to give them these principles...
"
1. Impress this idea to yourselves 'every portion of what I earn is mine to keep' say this to yourself until you are fully convinced of this truth
2. Take a wise portion of your monthly earnings inline with your conviction above, let it not be less than 10% of your monthly earnings. Adjust your other expenses to do this if necessary. Do this monthly no matter what the inconvenience, soon you will be spared on by the feeling of owning wealth, it will stimulate you to go on.
3. Now harness the power of compound interest, let your monthly earnings and its interest earned compound and earn you more interest.
4. Buy a reasonable insurance to take care of your family should you not be able to do so, this will keep the wealth legacy in your family even when your gone or you have no power to so.
5. Seek advice from your banker and those who are professionally trained and skilled with investing money. They will advice you how to wisely invest your new found wealth without risking it all away.
"
Thus went the advice of the rich man to his friends. "Along now my friends, it it now late, to your wives and children you should return, for a wise man needs to lead his household with integrity " off his friends went as he promise them the next lesson should they return.
Great literature and direction. Well done Mr Phala...
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