5 RULES of INVESTING to Get RICH - (Richest Man in Babylon 2)

How to get Rich? 5 Laws of Money & Investing - Richest Man in Babylon
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In today's video we talk about the 5 RULES of INVESTING to Get RICH - (Richest Man in Babylon 2) or the 5 laws of gold or the 5 rules of money, 5 rules of success or whatever you call it. The ultimate lesson you'll learn from this video is that you can get rich, achieve financial freedom (true independence) by savings and investing in the Indian stock market. These 5 golden law is taken from the best personal finance book of all time - The Richest Man in Babylon, so its a small book summary or a review of this personal finance and investing book.
1. Pay yourself first, that is, Save 10% of your Total Income:
“Gold cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family.”
According to the First Law of the 5 Laws of God, You should save 10% of what you make. Every person needs a certain amount of money for necessities and survival but apart from that if you earn more, you can even save more. The beginning of all great wealth is a consistent savings plan.
2. Invest your Savings to build more Money
“Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of field.”
The second law of the 5 Laws of Gold advises investing money to build more money. It doesn’t mean that you spend it on lavish purchases rather spend money to earn more money. Thus, you must use your savings to invest and build different income sources that constantly fill your cash reserves and helps them to grow. This will help in growing your money with power of compounding.
3. Read, Study, and seek qualified advice as Gold Loves a Cautious Owner
“Gold clingeth to the protection of the cautious owner who invests under the advice of men wise in its handling.”
The third law of the 5 Laws of Gold says that you should always seek advice from a person who is qualified to give you that advice. Most celebrities and athletes hand over their finances to financial advisors. It turns out to be the right decision in many cases but you should have some participation in the management of your finances otherwise you might land up in some trouble.
4. Study Investments and educate yourself before investing:
“Gold slippeth away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep.”
According to the fourth law of the 5 Laws of Gold, you must study and educate yourself well before investing. This law encompasses the two wealth killers namely Ego and Laziness except the third one, that is, Greed. Sometimes people are lazy due to which they don’t read, attend seminars or otherwise educate themselves and sometimes they are egotistical due to which they think that they are too smart to need any further education.
5. Don’t fall for Get-Rich-Quick Schemes:
“Gold flees the man who would force it to impossible earnings or who followeth the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.”
The fifth law of the 5 Laws of Gold advises us to not be greedy and invest wisely. Few people offer such unrealistic investment returns that are way too good to be true. It works for some time but then when it all blows up, most of the people who invested their money in that collapse. There are many cases of people who do not have any knowledge and purpose for their hard-earned money, and due to that, it disappears.

[@InvestMindset]

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[@Noname-oq9mk]

Make a video on"" incentive cost biased"". love from West Bengal 🇮🇳🕉️

[@user-wow]

Which debit card is right to invest and which one?

[@jacobmoncy6752]

I will become financially 🆓🌞

[@babayoga8229]

angel broking upstock aur groww mein se kon sa best hai

[@anamjebajebaanam1234]

@Vipin YouTech pppppppp

[@CloudyGamingCG]

"Mere paise chin skte hai, ghar chin skte hai but meri knowledge nhi!" The most powerful ... Lesson😌

[@growthoriented3554]

kzbin.info/www/bejne/a2OUq5mBiK-qq6c

[@friendversion]

Correct

[@pacifickassissnkazims6824]

Chhinegi nhi pr kho to jayegi

[@pinakinjariwala3863]

Knowlage से कल 1 किलो बताता खरीद लाना कोई नही देगा पैसा से ही मिलेगा

[@ANSH0001_]

𝑹𝒊𝒈𝒉𝒕

[@indrajitghosh2201]

गुरू ब्रह्मा गुरू विष्णु, गुरु देवो महेश्वरा गुरु साक्षात परब्रह्म, तस्मै श्री गुरुवे नमः🙏🙏🙏

[@championsuraj]

Trading is a skill at first u have to learn it after that u can earn definitely 🔥🔥🔥if u believe in yourself u can achieve 100% sure 🔥🔥🔥

[@pm143manish]

i am trying hard and working smartly to become rich and i invest 80 % of my earings .. as of now i am 29 years old and i have purchased my own house fron my money

[@sairaqasim8917]

Kesay???

[@rohitsoni939]

Asian Paint - Paint sector Astral - Pipe sector Bajaj Finance - NBFC Sector Dmart - Retail Sector Havells - Fmeg Sector Hdfc Bank - Banking Sector Infosys - IT Cloud Service Persistent System - IT for AI service Polycab - Wires and Cables Sector Pidilite - Adhesive Chemical Relaxo - Footwear Sector Tata Consumer - Fmcg Sector Titan - Jwellery luxury Sector Sir! I m holding these stocks in my portfolio for long term... If there is anything mistake plz suggest me.

[@theonlyone_09]

Actually bro , if it's long term i would rate it 6.5/10 . U may think much better an unique cause all these r common

[@yourbigfan8744]

Thankyou bro

[@bharatsocool]

@@theonlyone_09 bhai 100% money ka risk nahi lena chahiye ha 70% paisa safe jagh daal do baki 30% paise se chahe to kuch alg karo risk lo

[@bharatsocool]

Bhai ekdum mast hai sab stocks same mere paas bhi yehi he

[@shivabatham9714]

U should invest in midcap and smallcap stocks also according to your risk. Even if its very low risk you should have 70% large cap, 20% midcap, 10% small cap companies.

[@oneiljerry9460]

Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.

[@claraclouse9086]

We have learnt in investing journey that you can't control the market but you have the power to control your actions in the market

[@bobbymainz1160]

It's important to have patience in order to build wealth. In fact, patience might be one of the most important factors in investing. Sometimes we're the only ones stopping ourselves from moving forward b/c of our emotions. With a strong-willed mindset, anything is possible.

[@lawerencemiller9720]

I have been thinking about how to grow my reserve by 100% or more within months. I will be grateful if you can give tips or anything on how to make good market picks and how I can get my portfolio diversified and balanced in order to meet up my target>

[@joesphcu8975]

@@lawerencemiller9720 I have my funds very well diversified, though I did it using copy trading system from a US chartered financial analyst ''Eileen Ruth Sparks'' a CNBC contributor You might have seen her doing some stock analysis in the news sometime and it's been a huge relief. Her stock picks are top notch. You should probably try algorithmic trading; copy the gurus, more so one with experience of the past bear markets.

[@joesphcu8975]

@simon fes Copy trading is 100% secured and very transparent to work with her. You don't give out fund here that's the ideal for this system. you have control over your funds. It stays right in your account. Your account will only mirrors her trades in real time. get in touch if you need help with this insane market.

[@bhabeshmahata2485]

Of course I must achieve financial freedom in future for this I am investing regularly from my 1st year of college.

[@technicalji9582]

Right bro there are so many channels on you tube who misguide but I am lucky because we find a genuine knowledgeable channel 🙏

[@arunpurigauswami8490]

Yes, I will become Financially Free in Next 10 years! Thanks to you!

[@asadkhan-ph3wz]

Qasam kha

[@williamleonard2242]

Most times it amazes me greatly the way I move from an average lifestyle to earning over 63k per month, utter shock is the word. have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus.

[@alanfuller7176]

Wow buddy, that's more than a mouthful of profits you're making. How do you achieve this feat consistently? You must be a genius in trading.

[@Nnadi.]

The next couple of months ought to be great with crypto related investments and getting into a good passive income program is ideal

[@cutesparkle3228]

Crypto is the perfect hedge to solve worlds monetary problems learning how to earn passively and trading crypto changed everything for me

[@peterthomas..]

Sadly we all did incur some losses at some point but you will learn if you want to and grow your portfolio even better

[@elvisjames8351]

How do I get to this

[@jennyclara4159]

I got better through learning from a more experienced trader assistance my portfolio grew massively during those few months

[@samtrevor3449]

Do you recommend I reach out and how can I reach out cus I really do want to grow my portfolio in this space and get actively involved with the system

[@manishnegi4286]

Sir ditto happend to me 3 years back, now I am very happy, I lost almost all my savings 🙏💕. But the lesson was invaluable for life time

[@growthoriented3554]

kzbin.info/www/bejne/a2OUq5mBiK-qq6c

[@luckylife16]

Bhai mujha be help chaiye apky knowledge ke

[@samitkumar1880]

Bhai mujhae bi btao....pls

[@sairaqasim8917]

Plz mujy b batao

[@ZabardastMedia]

ٹھیک ہے بھائی یو ٹیوب پر بہت سارے چینلز ہیں جو گمراہ کرتے ہیں لیکن میں خوش قسمت ہوں کیونکہ ہمیں ایک حقیقی علم والا چینل ملا

[@nileshjain4877]

Yes I will become Rich via Stock Market My own Strategy is (Following Since 5 years) 1. Never sell Purchased Stock in Loss in any situation. Wait till Profits seens 2. Reduce cost price per share when dividends really recd 3. When in profit Never sell full quantity of stocks. Keep them for life time for next generation. I know it is hard to explain but it's very much profitable for long term

[@samitkumar1880]

Bhai kya aapko financial freedom mil gya hai mujhae kuch btaiyae????

[@nileshjain4877]

@@samitkumar1880 Nahi bhai, but I am in the process...

[@AkashKumar-op3ng]

After so many videos and lectures finally this video gives me such inspiration and motivation that I used to feel in watching your starting initial lectures on investment ....❤❤❤❤❤❤✨✨❤❤

[@dilshadansari-rh1uz]

Aaj ka video kamaal tha . Lgta to h m kbi rich banunga pr aap k jitni knowledge nhi h

[@growthoriented3554]

kzbin.info/www/bejne/a2OUq5mBiK-qq6c

[@investor1192]

I am grateful that i found your channel before investing and starting my journey thankyou sir

[@jaguardot9005]

Sir please make a video on how to analyse a company for investing with positive mindset and hold it forever. I also learn about investing and investing in stock in SIP

[@vivek3890]

Sir mostly good company have high intrinsic value. Should we invest in companies with high intrinsic value?

[@MRAUTOPARTS109]

With god grace i have learnt fast after leaving my job i had only 90k i started my small business woth this amount in 2018 now i am maintaining a auto garage and automobile shop worth 10 lakhs

[@syedaiyaan9705]

Wow

[@rahulsinghpb1540]

Aap se bahut kuch seekha hai aap aise hi investing seekhte rhe thanks a lot ❤️

[@mohzuned2740]

Absolutely yes and with crypto and us stocks.

[@Sanjaysingh30m]

Sir very nice video I purchased The Intelligent Investor book and I am so excited to read this book and start investing in stocks and others with my understanding and knowledge from this book.

[@ishangurung1087]

Thank you for sharing such a valuable information 🙏

[@virk6317]

Aapse hi Sikhake Maine regular funds se direct fund me maine transfer kiya Aur index fund start kiya

[@HimanshuKumar-pc4vm]

Thank you sir 🙏 You are my financial guru

[@growthoriented3554]

kzbin.info/www/bejne/a2OUq5mBiK-qq6c

[@himmatchakma]

Sir! How many stocks should I keep in my portfolio? Other KZbinrs are suggesting to keep 10-15 stocks

[@bogdanoff3636]

Bhai acche se analyse Karo Puri life me 4 ,5 company se zayada zaroorat nahi padegi agar tum long-term me believe kartey ho toh

[@StatusKingyt]

5 se 6 sector se or har sector se 2 company means 10-12 stocks

[@nxtlvltraders]

Bhai ki bate sunkr acha lagta h lekin actually jitni bhi videos m jo bhi bate hai un pr amal krna mushkil h

[@ajinkyabhosale9910]

Richest man in Babylon book is time less lesson on wealth building and my favourite book i highly recommended this book to you guys.

[@kamalakrishnanchinnathambi4288]

Definitely I will become multi billionaire I am working for restaurant and timely I will invest money in fundamentally strong companies and some part I will put for clearing my debt.simultaneaously I have to look after my family expenses as well

[@shaileshpawar7847]

सर। आपले व्हिडीओ खरचं खूप प्रेरणादायी असतात

[@bdn5900]

Topic : "Divident tax on Gifted Stocks" Hello Sir,I saw all of your Videos, For investments your channel is one and Only Destination, I don't watch any other channels rather than yours,,,Tnq so much for the Great Information... It world be Great,If You make a video on this Topic : "Divident tax on Gifted Stocks".

[@asifkahan3151]

Bhaiya Aap Kitna Simple se Samjate Ho Wash Sunke Maza Aajata Or Investing Me Interest Aajata Thanks Bhaiya Itna Acha samjane K liye ❤️💯

[@sourav7r947]

Thank you so much sir for this knowledge 🙏❤️

[@anoopsingh5722]

Sir apke bahut saare videos hain ek best playlist nahi hain jo ki fundamental analysis ko complete sikha sake..

[@ahfazkhan9443]

Ek number bhai....maza hi aa gaya😊😊😊😊❤❤

[@gunjanvishwakarma5045]

Happy Guru purnima sir 🎉

[@jeetramgurjar4388]

Video #80 thanks sir इतनी मेहनत करके फ्री में ज्ञान बांटने के लिए ❤13/05/2024

[@malikaftab769]

I saw your valley, everything you said is related to education. I am 30 years old and I am not literate at all, so how can I do business?

[@Ignest]

Rocky bhai iha bhi pouch gya !!

[@Abhishek-1966]

Sir dont lose money,, usje liye hmm badi companies m paisa lga skte h like hdfc, reliance to slowly grow our wealth,,, but these companies are already mature to boht jada scope nhi h growth ka,,, or agr small cap companies m lgaye to capital loss ka chance,, iske upr video bnae plz. Thank you

[@user-xs3dj6xy5p]

Send a dm📩👆

[@Money__Matters007]

As requested by other guy,I think you should make a series on fundamental analysis Desperately waiting for it

[@Dilip-fq9hv]

Sach mein yah video bahut Achcha tha thank u so Mach 💓✌️😄

[@9898rock]

Yes, I will be rich, I am doing good business in Europe now its not good but I know.. I will buy AudiA4 by the end of this year.

[@rajansharma4657]

Hey bro…awesome one🙂 have been your follower for long now..and have developed a habit to learn everyday about stock investing. This really couldn’t be possible without watching your videos… can you pls make a video on how to ged rid of debt early without stopping your investments. Keep sharing videos♥️ god bless you🙂

[@growthoriented3554]

kzbin.info/www/bejne/a2OUq5mBiK-qq6c

[@rajeshmalla8977]

crorepati to jarur banenge mujhe koi bhi business ka knowledge nahin fir bhi main sensex 20 mein parman 20000 karke invest kar karke 15 sal ke andar mein ek karod pahunch jaenge thank u aapka video mujhe bahut jyada Moti mat karta hai

[@AnilTirkey862]

Yes I am come back big thanks for you 🙏🌄😁😁😁

[@nitulpathak6521]

Trading is a skill based game hai. Isme sb log tik nhi skta. Only genius minded person and jisne apna emotion control karna seekh liya unke liye hai. And investing se aap 10 cr kamane ke liye 20 saal aur usse bhi jyada lg sakta hai but trading mein ak professional trader 2 , 3 saal mein 10 cr kama leta hai

[@dhruvbisht4088]

Hello bro can you make video difference between regular investing vs small case investing... That video help lot of us. By the way love your video i am a student and you are preparing me to become wealthy ❤️🔥

[@growthoriented3554]

kzbin.info/www/bejne/a2OUq5mBiK-qq6c

[@rimods7829]

कृपया Trident पे detailed video बनाए (current & future के बारे मे)

[@virk6317]

Sir mai aapka bada fan hu aur follower bhi. Mai aapki ek bhi vedio miss nahi karta.

[@stockmarketiest4124]

Bro don't say that trading is wrong if you know your risk management money management and proper psychology with technicals you will surely make money

[@ritaganguli9953]

Yes you're right many people lose money because they don't understand trading many people do investing like rakesh jhunjhunwala,vijay kedia and people who understands option trading they knew how to protect their capital

[@OmkarDivate-w8r]

Sir kya Acche Etfs main invest karna sahi hai our kitne time tak pl reply kyonki mujhe bhi bahot loss huva hai main new tha tab 2015 se ab tak

[@Noname-oq9mk]

Make a video on"" incentive cost biased"". love from West Bengal 🇮🇳🕉️

[@user-xs3dj6xy5p]

Hit, ⤴️⤴️me.............

[@PhilSommer2]

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.

[@philipcollen482]

That’s crazy, I’m just doing everything wrong with my portfolio.

[@kids-funandentertainment]

Say any 10 profitable stock which we can hold for 10 years with large profit I want to know and after compounding for how many years I want know some best stocks to invest in my 20s

[@akshayjain4070]

Totally agree, with you that investing in good stocks for long term is one of the best decision one could ever make. But your views on swing trading nd positional trading looks a bit negative. Yes, people looses money but we need to understand the reason nd logic behind their losses. If any1 has a proper system, nd she/he follow the system in atleast 100-150 charts with proper 1 or 2 month back testing and 1:2 risk reward ratio, it is practically impossible to loose money in stock market. And yes, in investing also people looses money. Titan, reliance, maruti are brilliant example but there are many Co. Like yes bank, reliance capital in which people losses money.

[@GurmeetSingh-lo3bi]

Bro, many things learn from your videos...... make video on index funds complete analysis....with demo...sip

[@gyani-ladka8762]

Thank you sir for your Best Investment Plan Strategy

[@vipulvarshney111]

All are the points that u have discussed in your earlier videos. But still way of presentation is getting better and better Thank u sir. God bless u

[@nikhilrajsuthar541]

Happy guru purnima

[@Rkmishra295]

Sir I m invester and main yeh book read kar rha hu aaj kal abhi 105 no page pe hu 🙏

[@user-xs3dj6xy5p]

Hit, ⤴️⤴️me

[@shilkashopshilkashop8406]

Kya video ha bahi legend ho app jisne ye video banyi ha 🙏🙏 god bless you bother Bhut successful insan banhoge

[@GurpreetSingh-ys6wu]

Kis company me investment karni hai nahi. Is ka kaise pata kare, kyu ki mai fresher hu. Investment start karna chahta hoon.

[@Sanjaysingh30m]

Sir is this story from the book 'The Richest man in Babylon'

[@manojagarwalpatwari143]

Subh kaam main deri teamwork tension struggle kimti chizi

[@shubhamkushwaha443]

Yes Sir Aane Wale Time Mein Rich Zaroor Banunga. Haa ye kah sakte Hai uske liye waqt lagega.

[@user-xs3dj6xy5p]

Hit, ⤴️⤴️me

[@vaibhavkhandare815]

Bhai ager risk management ke saat ham forex binary crypto me trade kare to ham acha kaasa profit bhi bana sakte hai na

[@ganeshkarmakar5928]

Apka video ka intezaar karte rahete hai.or jab aa jata hai to bahut khusi se dekhta hu. Sir apka knowledge se dhire dhire stock me invest kar raha hu. Pls sir sp knowledge ke sath acha acha stock ke bare me boliye, kon sa stock next 15/20 saal ke liye tik hai.🙏🙏🙏

[@user-xs3dj6xy5p]

Hit, ⤴️⤴️me

[@Toji_is_livee]

17:30 inshallah

[@VijayKumar-or9wo]

Sir please make whole book summaries videos chapter by chapter like this part 1,2,3 etc

[@karunamasih4947]

Or abhi meny apni ek sip nikali jissay meny treding ki or 3,999 ka profit liya phir us nikali gai sip ko waps dala or profit say fir treding ki or 2,000 ka profit earn kiya or us profit may say phir 7 month ki sip dali or ab bhi treding krti hoo

[@Badakindua12]

5 Rule गरीब hone k liye bhi video 📹 bnao😪

[@jafarshaikh9008]

Share market Kia hota hai aur inveting kaise karte hai?????? Plzz tell me

[@rajudhar3896]

Really awesome👍 Gid bless you for sharing such content to everyone

[@morefacts8789]

Entry late hogi par sabse great hogi❤💪

[@asadkhan-ph3wz]

Qasam khaly isi baat per

[@manojagarwalpatwari143]

Revenue junoon value shortcut growth clerity

[@sahnawazansari6548]

Yes please next part jaldi se banao Bhai 👍👍

[@HeropatelOfficial]

Please sir make a video on TATA Group New IPO ♥️♥️

[@bhaskarbsadhikari5518]

Zabar dast video tha maind को saf कर gaya god belas you boss love your work

[@Mrutyunjay_Pradhan]

Sir make a video how to research any stocks . How to find good stocks ?

[@AkashSingh-ud4ng]

Very knowledgeable videos in this channel ♥️♥️

[@user-xs3dj6xy5p]

Send a dm📩👆

[@anilbhatti4832]

Thanks sir ji for incredible knowledge

[@KulwantSingh-pe4mf]

To invest the compounding method

[@surajitmaji7182]

Great learning 😊😊

[@sushantakumarsahoo220]

Good motivational video... Thank you

[@Mr.samee_r]

Yes I'm rich man to new wark 🥰

[@Ramesh_Discovery]

Very good lesson dear sir ✅

[@amanmavi3003]

Which software do you use to create these type of videos?

[@BiplabFitness]

Very nice 👍

[@tredingday1000k]

Congratulations Bhai apke 1m suscribe hone bale he❤

[@jahirmansuri4030]

Good sar I'm impressed 👍💐

[@dnyaneshwarshinde073]

Mind blowing presentation...❤️🔥🙏

[@tuhinbanerjee01]

Great videos brother ❤️❤️😇 Keep this content doing forever bro👍

[@rockykhan8711]

Bhai tum kitne acche ho yaar Allah Kara tumhari sab khwaish Puri Ho

[@leewrangler4890]

ab aap hi btao ki konsi companies abhi new hi aayi hai aur kya unme invest kar skte hai

[@brighterluwang18]

Long term invest karnekeliye kispe kar na chahiye

[@novelpokharel5327]

Did you make this animation yourself?...your videos are awesome man..

[@pankajgupta9426]

Apke videos bahut best hote hai keep it up

[@adarsheducations3266]

Sir trading is not bad it bad for those people are not knowing about trading