Financial Advice From My 10-Year Old
Here's what our 10-year old learned about money from The Richest Man In Babylon.
As we all step into our work week, I thought it might be good to share some wisdom from a man named George S. Cleason. He wrote a wonderful parable on financial freedom titled, The Richest Man In Babylon. He lived in the early 1900′s, but the wisdom is just as powerful now as it was then. Over Christmas Break, my husband and I read this with the kids. So, I've asked my 10 year old to summarize the book, so here goes:
Seven Cures For a Lean Purse: "You have to save 10% of everything for your savings." -Isaac, 10 yrs old. (10% of all you earn is yours to keep. -GSC)
Make a plan for your money and then stick to it!" -Isaac. (Adhere to a budget to control your expenses.- GSC)
Go do something with the money that will give you more money than if you went and bought a video game." -Isaac (Invest your gold to multiply it. -GSC)
Keep your money in the bank, don't spend it or lend it to anyone. If you do lend it to someone, make sure that you get something of their's so that if they don't pay you back, then you have something to keep." -Isaac. (Protect your gold from loss. -GSC)
You should own your own home!" -Isaac (Own your home. - GSC)
"Do good things with your money, so when you're old, you'll have money to live on." -Isaac. (Insure a future income. -GSC)
Have a good job or build your own business so you can make more money." -Isaac. (Increase your ability to earn. -GSC)
Healthy living includes financial health, so get moving today on securing your financial future. Nothing causes stress, sleep deprivation, and discouragement like money worries, so take these principles and apply them! You'll be glad you did!
Libby Wright, mother of four who homeschools, is an original founder of SupplementRelief.com in 2010. She suffered through challenging diseases including Interstitial Cystitis, Graves and Lyme. After years of little progress with traditional medicine, she pursued integrative medicine, applied what she learned, and got healthier. She became passionate about wanting others to experience the same "relief" she had come to know, and SupplementRelief.com was born. She is now managing her illness with a lot of prayer, a lot of nutrition/supplements, and a little prescription medicine. She has been able to resume her normal life and, while there is no cure for her particular conditions, she is able to cope, enjoy every day, and encourage others.
Learn more about Libby Wright.
Related Wellness Resources
We encourage you to take advantage of these FREE Wellness Resources on our website.
Evolution of Dinner: Part 1 - Raw Ingredients
We weren't always the "healthy eating family". We used to eat plenty of processed foods and fast food including frozen foods, sugar laden desserts, and plenty of processed junk. So, I'll be blogging for the next few days on our Evolution of Dinner...
Three Secret Weapons to Combat Stress: Part 2
Our bodies, like our bank accounts need to be managed, watched, and deposited into. If you neglect your bank account, you become bankrupt, but what happens if you neglect your body for too long?
-
Blog Post
As we all step into our work week, I thought it might be good to share some wisdom from a man named George S. Cleason. He wrote a wonderful parable on financial freedom titled, The Richest Man In Babylon. He lived in the early 1900′s, but the wisdom is just as powerful now as it was then. Over Christmas Break, my husband and I read this with the kids. So, I've asked my 10 year old to summarize the book, so here goes:
Seven Cures For a Lean Purse: "You have to save 10% of everything for your savings." -Isaac, 10 yrs old. (10% of all you earn is yours to keep. -GSC)
Make a plan for your money and then stick to it!" -Isaac. (Adhere to a budget to control your expenses.- GSC)
Go do something with the money that will give you more money than if you went and bought a video game." -Isaac (Invest your gold to multiply it. -GSC)
Keep your money in the bank, don't spend it or lend it to anyone. If you do lend it to someone, make sure that you get something of their's so that if they don't pay you back, then you have something to keep." -Isaac. (Protect your gold from loss. -GSC)
You should own your own home!" -Isaac (Own your home. - GSC)
"Do good things with your money, so when you're old, you'll have money to live on." -Isaac. (Insure a future income. -GSC)
Have a good job or build your own business so you can make more money." -Isaac. (Increase your ability to earn. -GSC)
Healthy living includes financial health, so get moving today on securing your financial future. Nothing causes stress, sleep deprivation, and discouragement like money worries, so take these principles and apply them! You'll be glad you did!
AuthorLibby Wright, mother of four who homeschools, is an original founder of SupplementRelief.com in 2010. She suffered through challenging diseases including Interstitial Cystitis, Graves and Lyme. After years of little progress with traditional medicine, she pursued integrative medicine, applied what she learned, and got healthier. She became passionate about wanting others to experience the same "relief" she had come to know, and SupplementRelief.com was born. She is now managing her illness with a lot of prayer, a lot of nutrition/supplements, and a little prescription medicine. She has been able to resume her normal life and, while there is no cure for her particular conditions, she is able to cope, enjoy every day, and encourage others.
Learn more about Libby Wright.
-
Articles
Related Wellness Resources
We encourage you to take advantage of these FREE Wellness Resources on our website.
Evolution of Dinner: Part 1 - Raw Ingredients
We weren't always the "healthy eating family". We used to eat plenty of processed foods and fast food including frozen foods, sugar laden desserts, and plenty of processed junk. So, I'll be blogging for the next few days on our Evolution of Dinner...
Three Secret Weapons to Combat Stress: Part 2
Our bodies, like our bank accounts need to be managed, watched, and deposited into. If you neglect your bank account, you become bankrupt, but what happens if you neglect your body for too long?
Comments are displayed in order of the last one posted so the most recent Comment is at the top and older Comments are towards the bottom. Replies within a Comment are displayed in reverse order with the oldest Reply at the top and the most recent one at the bottom.
Each post identifies who made the post and the date and time the post was made.
Mouse over the icons for tooltips that explain what the data means.
If you see this icon you can attach an Audio file to your post.
If you see this icon you can attach a Document file to your post.
If you see this icon you can attach an Image file to your post.
If you see this icon you can attach a Video file to your post.
You will see the Ban icon (Report Post as SPAM) immediately following the Timestamp of the post. Click this icon if you feel strongly that the content posted is not appropriate and should be reviewed by the Forum Moderator. You will be provided with a confirmation dialog to be sure you wish to submit this post for review. If submitted, the Forum Moderator will be notified to review the post and will determine what type of action to take.
Click in the upper right corner of this Help modal or anywhere on the web page outside of the modal to exit Help.
×
