Episode 12 - The Power of Purpose and Habits in Building Wealth!

Are you ready to learn the secrets of wealth-building and personal fulfilment? In this deep dive into the principles discussed in the 1926 novel "The Richest Man in Babylon," we are going to explore how knowing your personal why can transform your life, both personally and professionally, we going to discuss the psychology behind wealth-building, and the role of habits, purpose, mentorship, and ethics in achieving financial success. Through personal stories of success and practical guidance, we will discuss how to apply these principles to your own life and build wealth with purpose. Get ready to unlock your full potential and start living your best life!​

"The Richest Man in Babylon" by George S. Clason is a classic book on personal finance and wealth creation that has stood the test of time. Originally published in 1926, it is a collection of parables set in ancient Babylon that teaches the principles of financial success through the experiences of ordinary people.​

The book is written in a simple and easy-to-understand language that makes it accessible to readers of all ages and backgrounds. The parables are well-crafted and engaging, and the lessons they impart are practical still and relevant even today. The book covers a range of topics, from the importance of saving and investing to the dangers of debt and the value of hard work.​

The 5 Lessons Taught

1. Start thy purse to fattening: The book teaches the importance of saving at least 10% of one's income and putting that money to work for you.​

2. Control thy expenditures: The book emphasizes the importance of living within one's means and not spending more than one earns. It also teaches the value of budgeting and managing one's expenses.​

3. Make thy gold multiply: The book teaches the importance of investing wisely and seeking the advice of experts before making investment decisions.​

4. Guard thy treasures from loss: The book emphasizes the importance of protecting one's assets and minimizing risk. It also teaches the value of diversification and not putting all one's eggs in one basket.​

5. Make of thy dwelling a profitable investment: The book teaches the value of owning property and using it to generate income. It also emphasizes the importance of maintaining one's property and taking care of it.​

knowing your why – your purpose, cause, or belief – can be a transformative force in your life​.

When you know your why, you have a clear sense of purpose that guides your decisions and actions. You have a deeper understanding of what motivates you and what you want to achieve in life. This clarity of purpose can help you focus your efforts and make better decisions.​

In summary, knowing your why can be a transformative force in your life, providing clarity of purpose, meaning and fulfilment, resilience and perseverance, alignment of values, and greater impact. By understanding your purpose, cause, or belief, you can live a more fulfilling and authentic life, and make a positive impact on the world around you.​
What is the psychology of wealth-building?​

The power of knowing your why: A discussion on the importance of knowing your purpose, cause, or belief and how it can transform your personal and professional life.​

The psychology of wealth-building: An exploration of the mindset and psychology required to build wealth and how understanding your why can help you develop the right mindset.​

The role of habits in building wealth: A conversation on the importance of habits in building wealth and how developing the right habits can help you achieve your financial goals.​

The relationship between purpose and wealth: A discussion on the relationship between purpose and wealth and how understanding your why can help you achieve both financial success and personal fulfillment.​

Personal stories of success: A series of interviews with individuals who have used the principles of "The Richest Man in Babylon" and the power of knowing their why to achieve success in their personal and professional lives.​

The importance of financial education: An exploration of the importance of financial education and how it can empower individuals to take control of their finances and build wealth.​

The role of mentorship in wealth-building: A conversation on the importance of mentorship in building wealth and how finding the right mentor can help you achieve your financial goals.​

The ethics of wealth-building: A discussion on the ethics of wealth-building and how understanding your why can help you build wealth in a way that aligns with your values.​

How to apply the principles of "The Richest Man in Babylon" in your own life: A practical guide on how to apply the principles and lessons taught in the book to your own life and start building wealth with purpose.​