- Failed to learn the laws that govern the building of wealth
- Do not observe the wealth building ways
To achieve what is desired, time and study are required
3 Laws of Successfully Handling Wealth
- How to acquire money
- How to keep it
- How to use it
Quotes from Chapter 2
"Wealth is power. With wealth many things are possible." page 11
"As for time, all men have it in abundance. You, each of you, have let slip by sufficient time to have made yourselves wealthy. Yet, you admit, you have nothing to show except your good families, of which you can be justly proud. As for study, did not our wise teacher teach us that learning was of two kinds: the one kind being the things we learned and knew, and the other being the training that taught us how to find out what we did not know?" pages 11-12
"I found the road to wealth when I decided that a part of all I earned was mine to keep." page 13
"Wealth, like a tree, grows from a tiny seed. The first copper you save is the seed from which your tree of wealth shall grow. The sooner you plant that seed the sooner shall the tree grow. An the more faithfully you nourish and water that tree with consistent savings, the sooner may you bask in contentment beneath its shade." pages 14-15
Take Home Points
Pay yourself first, save 1/10 of your take home pay every pay check. For instance, if you make $1,000 then save $100 of it first before doing anything else with the rest of the money.
Learn to live upon less than you earn
Stay tuned because next week we will be discussing Chapter 3 Seven Cures for a Lean Purse.