‘Make thy gold multiply’
Alex uses the book ‘The Richest Man in Babylon’ to explore the 7 ways you can increase the amount of money you have. He looks at each of the lessons that can be learnt from ‘The Seven Cures for a Lean Purse’ and explains how they are pertinent to the ways in which you can make your money grow effectively in the world today creating the wealth you want.
Sign up to Jessen's webinar here: https://bit.ly/bizwm
KEY TAKEAWAYS
Everyone has a skill or craft that can be used to earn money - Start by utilising this resource. Whatever you are earning take 10% and save it, you will find it is possible to live on 90% and you will be creating savings.
Each of us has endless desire so whatever you earn you will find you will be able to spend it. Your expenses will always grow to match your income. Control your expenditure and budget to be within the 90%.
You can make the amount you are saving grow through investment.
You can make your capital grow by investing and earning interest on your capital.
Make sure that your capital is secure. If you are investing get security on those investments and find out in detail what you are investing in and seek specialist advice.
Try and own your own home if possible – this gives you a sense of success and also provides you with an appreciating asset. It will provide future asset growth.
Prepare for life ahead you need to invest in assets that will provide a passive stream of income.
You can increase your ability to earn as you develop your skills and expertise. You will be able to earn more through the diversification of your skills over time.
BEST MOMENTS
‘You can make the money work harder by using it to earn interest’
‘You’ve got to use the right people with the right skills to help you invest your money’
‘It will provide future asset growth’
VALUABLE RESOURCES
The Richest Man in Babylon book by George S Clason
ABOUT THE HOST
Alex is a prize-winning chartered accountant with experience in financial markets from trading finance, capital hedging, structural foreign exchange and interest rates to operational risk from the world’s top financial and advisory institutions including Deloitte, RBS and JPMorgan Chase
Alex has been involved in property development programmes across different types since 2008, building and managing a portfolio that includes standard buy-to-lets, student accommodation and other houses in multiple occupancy (HMOs).
He specialises in raising finance, providing potential investors, investors and joint venture partners with ad hoc (to their specific requirements), hands-free and hassle-free property investments solutions as well as coaching and mentoring
Alex aspires to share business and financial knowledge with upcoming entrepreneurs and experienced business minds to learn and master the concepts and mindsets required to succeed, stand-out, have the edge and make a difference.
Alex is also a keen traveller, cyclist and photographer.
CONTACT METHOD
Facebook
https://www.facebook.com/alexsapalaofficial/
Twitter - @alex_sapala
https://twitter.com/alex_sapala
You Tube
https://www.youtube.com/channel/UCgZ1DCPGAu5c2yhOkfGZRSQ
