One core message in this book is – A high income alone doesn’t make you wealthy — principles and discipline do. Building wealth is not about how much you earn but about how wisely you manage what you have. And yes, we can start with the little we have today.
Key Lessons I Learned
These are just a few of the insights that stood out to me. I hope you find them useful too:
1. Pay Yourself First
This concept was new to me. The book encourages setting aside at least 10% of your income, not for spending, but for saving and investing in your future. It’s a form of valuing yourself and building a financial cushion. Over time, those small amounts grow. After saving, look for ways to make your money work for you. (I’m not an investment expert, but thankfully, there’s so much free knowledge online). For example, the writer told the story of the person who kept silver coins as his one-tenth salary, and after a while, he had gotten over 20 silver coins.
2. Mindset and Attitude Toward Work
The book reflects on the resilience and determination of people who, despite harsh conditions, worked with focus and tenacity to gain their freedom. While I strongly oppose any form of human abuse, I appreciate the emphasis on qualities like discipline, excellence, and grit — all of which are relevant in today’s professional world.
3. Live Below Your Means
Whew — this one hit home! I enjoy shopping and treating myself, and I know I’m not alone 😄- if you are in this group, pls say ‘I’ loool). However, the book reminds us to differentiate between needs and wants. Self-care and personal development are important, but so is cutting back on unnecessary expenses. Only you can make that honest assessment.
4. Pay Off Your Debts
Debt can feel like a heavy burden. If you’re currently in debt, please don’t feel ashamed — you’re not alone and a few people have gone through it and have overcome. What matters most is your willingness to create a repayment plan and commit to it. The book emphasizes integrity and consistency in paying back what we owe.
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