The 7 Cures for a Lean Purse episode artwork

EPISODE · Mar 16, 2020 · 35 MIN

The 7 Cures for a Lean Purse

from Business, Wealth And Mindset Podcast · host Alex Sapala

‘Make thy gold multiply’ Alex uses the book ‘The Richest Man in Babylon’ to explore the 7 ways you can increase the amount of money you have. He looks at each of the lessons that can be learnt from ‘The Seven Cures for a Lean Purse’ and explains how they are pertinent to the ways in which you can make your money grow effectively in the world today creating the wealth you want. Sign up to Jessen's webinar here: https://bit.ly/bizwm   KEY TAKEAWAYS Everyone has a skill or craft that can be used to earn money - Start by utilising this resource. Whatever you are earning take 10% and save it, you will find it is possible to live on 90% and you will be creating savings. Each of us has endless desire so whatever you earn you will find you will be able to spend it. Your expenses will always grow to match your income. Control your expenditure and budget to be within the 90%. You can make the amount you are saving grow through investment. You can make your capital grow by investing and earning interest on your capital. Make sure that your capital is secure. If you are investing get security on those investments and find out in detail what you are investing in and seek specialist advice. Try and own your own home if possible – this gives you a sense of success and also provides you with an appreciating asset. It will provide future asset growth. Prepare for life ahead you need to invest in assets that will provide a passive stream of income. You can increase your ability to earn as you develop your skills and expertise. You will be able to earn more through the diversification of your skills over time.   BEST MOMENTS ‘You can make the money work harder by using it to earn interest’ ‘You’ve got to use the right people with the right skills to help you invest your money’ ‘It will provide future asset growth’   VALUABLE RESOURCES The Richest Man in Babylon book by George S Clason   ABOUT THE HOST Alex is a prize-winning chartered accountant with experience in financial markets from trading finance, capital hedging, structural foreign exchange and interest rates to operational risk from the world’s top financial and advisory institutions including Deloitte, RBS and JPMorgan Chase Alex has been involved in property development programmes across different types since 2008, building and managing a portfolio that includes standard buy-to-lets, student accommodation and other houses in multiple occupancy (HMOs). He specialises in raising finance, providing potential investors, investors and joint venture partners with ad hoc (to their specific requirements), hands-free and hassle-free property investments solutions as well as coaching and mentoring Alex aspires to share business and financial knowledge with upcoming entrepreneurs and experienced business minds to learn and master the concepts and mindsets required to succeed, stand-out, have the edge and make a difference. Alex is also a keen traveller, cyclist and photographer.   CONTACT METHOD Facebook https://www.facebook.com/alexsapalaofficial/ Twitter - @alex_sapala https://twitter.com/alex_sapala You Tube https://www.youtube.com/channel/UCgZ1DCPGAu5c2yhOkfGZRSQ

‘Make thy gold multiply’ Alex uses the book ‘The Richest Man in Babylon’ to explore the 7 ways you can increase the amount of money you have. He looks at each of the lessons that can be learnt from ‘The Seven Cures for a Lean Purse’ and explains how they are pertinent to the ways in which you can make your money grow effectively in the world today creating the wealth you want. Sign up to Jessen's webinar here: https://bit.ly/bizwm   KEY TAKEAWAYS Everyone has a skill or craft that can be used to earn money - Start by utilising this resource. Whatever you are earning take 10% and save it, you will find it is possible to live on 90% and you will be creating savings. Each of us has endless desire so whatever you earn you will find you will be able to spend it. Your expenses will always grow to match your income. Control your expenditure and budget to be within the 90%. You can make the amount you are saving grow through investment. You can make your capital grow by investing and earning interest on your capital. Make sure that your capital is secure. If you are investing get security on those investments and find out in detail what you are investing in and seek specialist advice. Try and own your own home if possible – this gives you a sense of success and also provides you with an appreciating asset. It will provide future asset growth. Prepare for life ahead you need to invest in assets that will provide a passive stream of income. You can increase your ability to earn as you develop your skills and expertise. You will be able to earn more through the diversification of your skills over time.   BEST MOMENTS ‘You can make the money work harder by using it to earn interest’ ‘You’ve got to use the right people with the right skills to help you invest your money’ ‘It will provide future asset growth’   VALUABLE RESOURCES The Richest Man in Babylon book by George S Clason   ABOUT THE HOST Alex is a prize-winning chartered accountant with experience in financial markets from trading finance, capital hedging, structural foreign exchange and interest rates to operational risk from the world’s top financial and advisory institutions including Deloitte, RBS and JPMorgan Chase Alex has been involved in property development programmes across different types since 2008, building and managing a portfolio that includes standard buy-to-lets, student accommodation and other houses in multiple occupancy (HMOs). He specialises in raising finance, providing potential investors, investors and joint venture partners with ad hoc (to their specific requirements), hands-free and hassle-free property investments solutions as well as coaching and mentoring Alex aspires to share business and financial knowledge with upcoming entrepreneurs and experienced business minds to learn and master the concepts and mindsets required to succeed, stand-out, have the edge and make a difference. Alex is also a keen traveller, cyclist and photographer.   CONTACT METHOD Facebook https://www.facebook.com/alexsapalaofficial/ Twitter - @alex_sapala https://twitter.com/alex_sapala You Tube https://www.youtube.com/channel/UCgZ1DCPGAu5c2yhOkfGZRSQ

NOW PLAYING

The 7 Cures for a Lean Purse

0:00 35:09

No transcript for this episode yet

We transcribe on demand. Request one and we'll notify you when it's ready — usually under 10 minutes.

MG Show MG Show The MG Show, hosted by Jeffrey Pedersen and Shannon Townsend, is a leading alternative media platform dedicated to uncovering the truth behind today’s most pressing political issues. Launched in 2019, the show has grown exponentially, offering unfiltered insights, comprehensive research, and real-time analysis. With a commitment to independent journalism and factual integrity, the MG Show empowers its audience with knowledge and encourages active participation in the political discourse. Breaking News Show | eTurboNews Juergen Thomas Steinmetz News is relevant to the global travel and tourism industry, human rights and global issues.Breaking news when it happens and only from the source. Eat to Live Jenna Fuhrman, Dr. Fuhrman Our health is our most precious gift and smart nutrition can change your life. Each month, join Dr. Fuhrman and his daughter, Jenna Fuhrman as they discuss important topics in the world of nutrition. Eat to Live will change the way you eat and think about food. French Your Way Jessica: Native French teacher founder of French Your Way Boost your French listening skills and test your comprehension with this one of a kind series of podcasts. Get the chance to listen to a real conversation between native speakers talking at normal speed AND customise your learning experience through carefully designed sets of questions (2 levels of difficulty) available for download at www.frenchvoicespodcast.com. All interviews also come with the transcript. French teacher Jessica interviews native speakers of French from around the world who share a bit of their life and passion. Where else would you meet in one same place a French yoga teacher based in Melbourne, a soap manufacturer from Provence, or a couple cycling around the world?

Frequently Asked Questions

How long is this episode of Business, Wealth And Mindset Podcast?

This episode is 35 minutes long.

When was this Business, Wealth And Mindset Podcast episode published?

This episode was published on March 16, 2020.

What is this episode about?

‘Make thy gold multiply’ Alex uses the book ‘The Richest Man in Babylon’ to explore the 7 ways you can increase the amount of money you have. He looks at each of the lessons that can be learnt from ‘The Seven Cures for a Lean Purse’ and explains...

Can I download this Business, Wealth And Mindset Podcast episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.
URL copied to clipboard!