The Laws of Wealth

Ever feel like money slips through your fingers? You get paid and then wonder where it’s all gone before you make it to the next payday?

Or juggled credit cards, paying one off with another and moving the money around to minimise interest but never really making a dent in the balance?

Do you know why?

You’re breaking the rules of money.

Let’s understand the rules, then we’ll create a manifesto you can use to honour these laws and keep (and grow) your hard-earned money.

The 5 Laws of Gold

These 5 laws date back to 1926 when a little book called The Richest Man in Babylon was printed and in it are written 5 laws of gold (or money as we like to say today) that are broken by most people.

Here are the 5 things people do to break the rules:

  1. You don’t save money consistently
  2. You think of money as an inert possession
  3. You don’t care for money like you care for your loved ones
  4. You invest without due diligence
  5. You believe anything’s possible

Now, I’ll explain this so it all starts to make sense and you can apply these 5 laws – or my Money Manifesto as I call it – to help you keep, grow and multiply your wealth.

I have broken these rules many times in my life and never felt I was creating wealth and that’s why I created this message to show you the importance of developing your own Money Manifesto and sticking to it to grow and protect your money so you can become abundant and financially free.

Sound good?

Great. Let’s look at how we can counter these errors in thinking.

1 – Saving

You’ve probably heard it said by numerous experts in money from Napoleon Hill to Robert Kiyosaki to David Bach to T Harv Eker and many more. And each has their own variation on the theme – how much, how often, etc.

In The Richest Man in Babylon it says “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.”

The first rule is clear: save and retain at least 10% of your income to create future prosperity.

The earlier you start this, the better. You will benefit from the magic of compounding interest and could retire early earning only a modest salary throughout your life. But it doesn’t matter how old you are. Start doing this.

Did you know that USD 400 is the average savings of an American adult? I think we can do better!

I put 10% of my income away into a Financial Freedom Account (FFA). Even if your income is irregular, when the money comes in put 10% (or more) away into your FFA. And don’t touch it or you’re breaking the next rule.

But what if I don’t earn enough to cover my bills? How do I save? I hear you ask. Well, I’ll come on to that next week as that’s a subject in itself – including how to spend and manage the amounts you do keep so you still get to have fun and not live an austere life. For now, it may not be possible to save 10% but put something away and maintain the habit until you can afford to increase the amount.

Today I’m going to help you reset your mindset so you understand the laws of money that you’re breaking so you can create abundance instead of lack.

2 – Money is an Employee

Money isn’t just a number in a bank account or a thing you stuff under your mattress. It’s not a coin or bar you polish at night with the curtains drawn.

It’s an employee. Every cent you earn is a worker under your care and direction.

In The Richest Man in Babylon, it says: “Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field.”

Money isn’t something you hoard. You want it to grow and multiply so you need to start looking for ways that your FFA can grow by making those cents, dollars and rupees work and earn their keep in your account.

The key words to note here are “wise owner” and “profitable employment” and the next three rules guide us in these applications. And if you break the last one this can lead to ruin and explain why people “lose everything” in some cases.

3 – Nurture Your Money

If you don’t look after and nurture your money, much like you may care for a young growing plant, then it may be inclined to disappear when you’re not looking.

As it says in The Richest Man in Babylon: “Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling.”

And this is the first step on the road to financial freedom. In your early days, you won’t know much about life, business or money. They don’t teach you much about it at school, college or university and so you’re left to figure it out as you go through life. And without proper guidance, you can keep falling for the same flawed thinking and never retain or generate wealth.

Find people skilled at investing money, even if it’s a smaller return – I’ll get on to the “get rich quick” schemes in a moment – and work with them, learn from them, ask questions and start making your money work for you, nurtured and not neglected.

4 – Caution Against Rash Decisions

Money can start to slip away more quickly if you start to make rash decisions.

This starts to happen once you’ve seen a few things in life, maybe run your own business, and think one business scenario is transferrable to an unrelated niche because “business is business.”

As The Richest Man in Babylon says: “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.”

And I can assure you that it’s easy for it to slip away when you’re unskilled in business or take advice from people who have no pedigree in the area you seek help. Would you ask the postman to manage your business accounts? Or the lawyer to debone a fresh lamb? But you might ask your friend for advice on a key business decision even though they don’t have any experience in your particular business. Familiarity can breed contempt, but when it comes to money – keep your emotions out of the picture and treat wealth with a clear manifesto and intention – and I’ll outline the manifesto shortly.

Run every decision that affects your wealth through your manifesto before taking action, or accept that the losses you will experience are of your own making, and thank the universe for the constant reminders you’re not on the right path.

5 – There Are No Short Cuts

We hear the term “overnight success” so often that we assume it’s how it works. People – somehow – go from poor to wealthy overnight. In reality, the journey takes many years of diligence and discipline to get from the sacrifices at the start to the success you see today.

As it says in The Richest Man in Babylon: “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.”

Suppose you get into “get rich quick” schemes or get seduced by the temptation of high returns or amazing rewards by people who don’t have a track record in the thing they are professing to offer you. In that case, your money will almost certainly rapidly disappear.

Sometimes these schemes are like the Emperor’s New Clothes and you may be seduced to follow the herd. But, if you diligently apply the manifesto I’ll outline next then you can cut through the smoke and mirrors and reveal the truth behind the curtain before you send away your hard-earned money never to see it again.

This happened to me in 2022 and I lost a chunk of my capital because I forgot my manifesto even though I went along with people I knew and trusted and who had good experience in a particular sector. I suffered the usual fallibilities of humanity and succumbed to emotion on the path to wealth. I didn’t go “all in” as some had and they lost everything, but I did throw more caution to the wind and re-invested other profits on the romantic notion of more rapidly inflating my wealth.

And then it was gone.

In hindsight, there were several red flags and – had I properly followed my money manifesto – I would have lost less capital and not lost the other profits. And while these profits can be looked at as “free money” I would have preferred them in my account working for me than eloping with my capital.

Now for the lifebelt …

A Manifesto for Manifesting Money

These are based on the 5 laws of money and will help ensure you don’t make the same mistakes as you have been on your journey so far. If you follow them – and write them down so you refer to them like a manifesto so you don’t go off track – you’ll be back on track to manifesting the money and the lifestyle of your dreams.

The Law of Attraction requires action, so here are your actions:

  1. Save at least 10% of your income
  2. Make your money work for you
  3. Take advice on wealth creation only from people with a track record in that particular area
  4. Don’t invest in anything you’re not familiar with, especially when offered by people with no pedigree in that area
  5. Don’t be seduced by your dreams of getting rich quick. When emotions are high, intelligence is low and you make bad decisions. Check your emotions at the door, don’t make quick decisions or be forced into making them, and do your own due diligence before acting. And if you don’t know, see rule 3!

You don’t need big money to be wealthy, you need discipline and a few simple rules and you’ll get there. Here’s to your success!

And if you prefer watching me talk to you, here’s a video of this message from my YouTube Channel with a bonus segment on signs the universe sends us and links to related videos on the topics mentioned. Remember to subscribe!

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