How you will get your first million dollar to invest?

Many people want to invest, but they literally have few thousands dollars to invest. They risk them all dreaming high returns.

Here are the five secrets from “The Richest Man In The Babylon” book. The book is centuries old, but still the best book to learn savings, investment and risk management. The book is not fictional, in fact it’s a genuine hidden secrets reviled from scriptures from Babylon.

Okay, if you have time go and read the book. I’m just taking five main lessons from the book that helped me to become a multi billionaire. (Crypto Billionaire)

Lesson 1: Pay yourself 10% of your earnings!

We pay everyone with our hard working money. But don’t pay ourselves. We need to pay ourselves.

You may ask, what the heck Salid is speaking. Because you think you are paying yourself 100% of your money.

Wong dude, totally wrong. You are not paying yourself. You are paying those luxury restaurant where you take some selfie, you are paying car companies, clothing brands, hospitals. Where is your cut?

You need to pay yourself 10%, means you gonna keep the 10% yourself for investment.

Lesson 2: Let your money work for you to make more money.

You need to invest the 10% money every month and don’t touch it. Enjoy giving away rest of the money.

Lesson 3: Capital Preservation

Preserve your capital at any cost. Low risk stable gain is better than high risk high gain. Learn risk management proper way.

Lesson 4: Don’t take financial advice from cab driver

If you’re taking advice on becoming a taxi driver you may reach out to a cab driver. If you’re investing in stock reach out to an expert investor.

Lesson 5: Invest in security

Ever seen how rich countries like Iran, Iraq became ashes in past? It’s because they hadn’t enough security. While getting rich you need to secure your boarder. In the digital world, I would suggest you to be anonymous. Keep your funds safe from the threats. That could be legal or could be anything.