The seven cures for a lean purse

The seven cures for a lean purse are:

  1. Start thy purse to fattening. Say to yourself: ‘A part of all I earn is mine to keep.’ Deploy your gifts, talents, skills and knowledge to provide some useful service to other people. Earn some wages and save atleast 10% of everything you make.
  2. Control thy expenditures. Use a budget to plan for expenses to meet needs and wants. Take control of your inexhaustible desires and tastes. It is not the man who has little, but he who desires more, that is poor.
  3. Make thy gold multiply. Invest wisely and prudently to grow financially. As you sow, so shall you reap. Sow your seed in the morning, and at evening let your hands not be idle, for you do not know which will succeed, whether this or that, or whether both will do equally well. Cast your bread on the surface of the waters, [be diligently active, make thoughtful decisions], for you will find it after many days.
  4. Guard thy treasures from loss. Avoid gambling and seek wise counsel before investing. Invest only in things you understand. Avoid get rich quick schemes.
  5. Make of thy dwelling a profitable investment. Invest in a permanent house for your family. A home is the best insurance in this volatile world.
  6. Insure a future income. Buy life insurance and other annuities to protect your income. Prepare for retirement by building multiple streams of income.
  7. Increase thy ability to earn. Invest in your personal education so you can make wise financial decisions. Sharpen the saw. Work smarter, not harder. Become an expert in your chosen vocation.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s