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How to keep being rich(Excerpts from the richest man in Babylon)

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@bhoa
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I happen to have a lot of friends and somehow we all have a common problem. The common problem is that we seem to be scared of the future. Most of us do not know what it entails. Most of the male friends I Have, just want to be rich. I don't have a problem with them wanting to be rich, the issue I have with them is that they don’t put in effort in terms of actions. It gets me confused on how most of them intend to get past this stage. That being said, I will be continuing from where I stopped in my previous post on how to get rich. The knowledge from this post is gotten mainly from the book the richest man in Babylon. The book talks about how to be rich from the scratch. In my last post I shared three tips, in this post I will be sharing some other tips. Sit back and you just might learn something.

Tip 4: Guard thy treasure against loss.

https://cdn.pixabay.com/photo/2017/10/31/11/42/gatekeeper-2904993_960_720.jpg[pixabay](http://pixabay.com)

In my previous post, the tips there were on how to increase your capital. However, this particular tip focuses on helping you sustain riches. A lot of times people have a lot of money and after a few months or years, they are back to zero. This has happened to me and definitely has happened to most people. This experience is a very painful one. It has led so many people into depression and some suicide. It is similar to what happens in trading when a trader happens to be doing so well and then all of a sudden their accounts is been blown due to poor risk management. So what does it mean to guard thy treasure against loss? You can imagine after going through the struggles of saving, paying debts, living a debt free life, investing and then all of a sudden everything goes back to zero, it's devastating. Guarding thy treasure means knowing how to risk and what to risk. Risk management is one core value of every person who has been rich in season and out of season.
There is this urge to make more money once you have money so sometimes greed takes the better part of us.
When you become rich, you will discover that the money that made you happy when you were about to get on your feet, doesn't move you anymore. I remember a particular where I used to want to earn a dollar a day but now my dream is way beyond that. Funny enough it still makes me happy when I see a vote of 30 cents on my post. It is at this point different juicy deals come to you because people know you have the capital.
It is then in your duty to apply wisdom in choosing these deals. With time you will discover that most of them were going to fail, you might also discover that some were Ponzi schemes and some were outright scams.

Tip 5: Increase thy ability to learn.

https://cdn.pixabay.com/photo/2018/05/03/11/38/skills-3371153_960_720.jpg[pixabay](http://pixabay.com)

When I saw this advice in the book, I was a little sad because I had thrown a lot of life-changing opportunities because I wanted to focus on medicine. There is a saying that "learning never stops". A lot of people focus on one thing and tend to leave or ward off opportunities for a singular focus. Yeah, it is good to be focused on one thing but I must say it is also good to diversify. When you increase your ability to earn it means you have more than one way of earning. Multiple ways of earning reduce the possibility of going back to zero. I mean it will be so difficult for all five sources of income to fail at the same time if you have five. I will advise any young person reading this to invest in skills mostly high-income skills and with time you will have plenty to your name. learn how to code, learn how to trade, learn how to invest, learn how to write. Just invest in yourself. it will definitely pay off in no time. Remember to be consistent when learning and Also remember that the goal is to be financially free.

Thank you for reading my post.

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