1. How to create extraordinary wealth Inspired by teachings of Richest man in Babylon; Seven cures for the lean purse Subhash Sharma CPA, CMA, MBA

2. Save at least 10% of your income Transfer minimum 10% of your income to your savings account ●Pay yourself first immediately upon receipt of paycheck ●If you are self employed transfer 10% of each receipt to your savings account ●Talk to your bank if you can automate this process

3. Control your expenses Prepare monthly budget for 90% of your income ●Living expenses, Meals, entertainment and vacation ●All expenses to be paid by cash/ debit card ●Total expenses not to exceed 90% of income ●Think ahead for lean months

4. Invest your savings ●Invest savings to earn interest and dividends ●Invest earnings to earn interest and dividends ●Monitor your investments regularly ●Think of long term potential ●Think objectively and without emotions

5. Protect your capital ●Invest with utmost care ●Seek counsel of experienced professionals ●You should be able to retrieve the capital when you desire ●Each investment must earn fair and reasonable return ●Stay away from quick rich schemes ●Avail of tax incentives and government subsidies

6. Own your home ●Invest in your home rather than renting ●Borrow money to acquire your home if required ●Keep mortgage payment same as rent ●Pay off the mortgage regularly ●Pay off more towards principal if you can

7. Provide for future earnings ●Plan for income in retirement ●Invest in passive income ●Invest in rental property ●Protect your income in case you are incapacitated ●Buy insurance to protect your loved ones if you pass away

8. Increase your capacity to earn ●Learn everything to excel in your craft ●Be the best in your area of expertise ●Learn everything about money and finance ●Determine a strong and definite desire ●Determine your "why" ●Write down specific and measurable goals

9. Increase your ability to succeed ●Do not borrow more than you can repay ●Pay off your debts promptly ●Take care of your family ●Write a will for fair and equitable distribution of your wealth when you passed away

10. Gain self respect and significance ●Continuous learning and improvements ●Show empathy towards injured and down trodden ●Give generously to those who are less fortunate ●Teaching and helping others to succeed