Article: Excerpts from book review:the richest man in babylon for todays:new secrets for building wealth in the 21st century;author:fred siegel;reviewer:john e grable ph.d,cfp,rfc; the review was sue 1;

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Puthan(VJ) Vijayan is the Principal member of PMV Investment Advisors, LLC. The firm is a Registered Investment Advisor. VJ is a Certified Estate Planner and Registered Financial Consultant, with over 15 years of planning and investment experience.

THE JOURNAL IS SPONSORED BY INTERNATIONAL ASSOCIATION OF REGISTERED FINANCIAL CONSULTANTS(IARFC),MIDDLETON,OHIO;

NEARLY EVERY FINANCIAL CONSULTANT KNOWS OF THE CLASSIC BOOK-'THE RICHEST MAN IN BABYLON',COMPILATION OF SHORT STORIES WRTTIEN BY GEORGE CLASON,IN THE EARLY PART OF THE 20TH CENTURY;'

THE BOOK TELLS THE STORY OF A IMPOVERISHED MAN IN SEARCH OF WEALTH AND SECURITY;'THE YOUNG MAN GOES TO SEE THE RICHEST PERSON IN HIS TOWN,WHO HAPPENS TO LIVE IN BABYLON;OVER TIME THE YOUNG MAN THE SEVEN PRINCIPLES OF WEALTH:

1)START THY PURSE TO FATTENING,

2)CONTROL THY EXPENDITURES,

3)MAKE THY GOLD MULTIPLY;

4)GUARD THY TREASURES FROM LOSS,

5)MAKE OF THY DWELLING A PROFITABLE INVESTMENT,

6)INSURE A FUTURE INCOME,

7)INCREASE THY ABUILITY TO EARN;

AFTER LEARNING THESE PRINCIPLES, THE YOUNG MAN WAS ABLE TO ACCUMULATE WEALTH.

WHEN CLASON WROTE THOSE SHORT STOREIS, THE BOOK WAS TITLED 'GOLD AHEAD', WHICH WAS A FAILURE;HE DI NOT GIVE UP,HE RETITLED THE BOOK'THE RICHEST MAN IN BABYLON' IN 1955 AND IT WAS A SUCCESS AND HAS PERENIAL BEST SELLER.

SO WHY THE UPDATED VERSION?-FRED SIEGEL SAID-'READERS REMEMBER THE BOOK FONDLY FOR ITS INSPIRATION;HOWEVER READ THE FIRST FEW CHAPTERS BUT GOT DISTRACTED BY THE LANGUAGE ANDF SETTING OF THAT TIME.SIEGEL BELIEVED THAT THE STORY CAN BE RETOLD IT IS MORE MEANINGFUL TO TODAY'S READERS;SIEGEL TELLS A STORY ABOUT TWO MEN AND A BOYHOOD FRIEND WHO IS WEALTHY;HERE IS WHERE SIEGL'S SEVEN LAWS OF MONEY WAS PRESENTED:

1)PUT ASIDE 10% OF YOUR INCOME EVERY MONTH,

2)CONTROL YOUR EXPENSES WITH A BUDGET,

3)PUT YOUR MONEY TO WORK FOR YOU,

4)SEEK SAFETY IN YOUR INVESTMENT,AND ADVISE OF THE SUCCESSFUL,

5)OWN YOUR OWN HOME,

6)PROVIDE FOR YOUR OLD AGE,YOUR HEALTH AND THE PROTECTION OF YOUR FAMILY,

7)INCREASE YOUR KNOWLEDGE AND SKILLS;

THE TWO MEN-JOHN AND ROBERTO MADE THE SEVEN PRINCIPLES THEIR OWN WITH THE FOLLWING SEVEN PRICIPLES:

1)MONEY COMES TO THOSE WHO SAVE 10% OF THEIR INCOME,

2)LEARN BEFORE YOU EARN,

3)BE A POSITIVE THINKER,

4) INVEST IN AREAS YOU ARE PASSIONATE ABOUT,

5)IT SEEMS TOO GOOD TO BE TRUE, IT PROBABLY IS,

6)TO MAKE PROGRESS,YOU HAVE TO GET STARTED,

7)BUILD YOUR OWN HABITS;

JOHN AND RONERTO ACHIEVED FINANCIAL SUCCESS OVER TIME;

IT IS POSSIBLE TO TO TEACH ANOTHER TO BECOME WEALTHY;SIEGEL'S BOOK PROVIDE MEANINGFUL ADVISE ABOUT THE NEED TO BEAT PROCRASTINATION BECOME PROACTIVE IN ACTION;

NOW THE BOOK DOES NOT PROVIDE ENOUGH INFORMATION FOR SOMEONE TO ACTUALLY GO OUT AND ACQUIRE SOLUTIONS TO 'BUILD A WAL OF FINANCIAL SECURITY'

PUTHAN(VJ) VIJAYAN CEP RFC MBA,PMV INVESTMENT ADVISORS,FIDUCIARY ADVISORS,INDEPENDENT FEE BASED CAPITAL & WEALTH MANAGEMENT,20720 WATERTOWN ROAD,SUITE 106,WAUKESHA,WI 53186,262 754 1672, 

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