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These ideas, told through the story of Arkad (the richest man in Babylon), offer timeless financial wisdom. If you follow these principles, you can build long-term wealth and financial freedom.
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Similar ideas to 4. Protect Your Wealth (Avoid Risky Investment)
The principle of protecting your principal is fundamental to sustained wealth-building. The ancient wisdom teaches:
Especially in good times, far too many people can be overheard saying, “Riskier investments provide higher returns. If you want to make more money, the answer is to take more risk.” But riskier investments absolutely cannot be counted on to deliver higher returns. Why not? It’s simple: if riskier...
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