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“The Richest Man in Babylon” (George S. Clason 1926), is full of financial nuggets in a collection of parables set 8,000 years ago in ancient Babylon.
The seven “cures for a lean purse” may be over 90 years old, but the principles are just as important today as they were then:

1. “Start thy purse to fattening”
Pay yourself first

2. “Control thy expenditures”
Live within your means
3. “Make thy gold multiply”
Let your money work for you

4. “Guard thy treasures from loss”
Protect your wealth
Read 8 tweets
THREAD: Financial Independence:Retire Early (FI:RE) Series Part 1a. Understanding Money: PERCEIVED vs. ACTUAL value. #FIRE #FinancialLiteracy #FinancialIndependence #RetireEarly #TayoOyedeji
Formula 1. FI:RE is not about Money. But you need to understand money to attain FI:RE.
Money is:

1. A means of exchange for PERCEIVED value.
2. A store of ACTUAL value.

Understanding the dichotomy between PERCEIVED and ACTUAL value is the key to FI:RE.
Read 14 tweets

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