Showing posts with label tip. Show all posts
Showing posts with label tip. Show all posts

Monday, 30 June 2008

101 Methods To "PR" your website

I got this idea from SEOPedia. It was pretty interesting that you could actually generate interest through that list, so I decided to do the same over here to help people generate traffic. It may not be filled by the time you read this, but I’ll be adding on along the way.

1. Submit articles to article directories.
2. Conduct link exchange activity with other blogs and websites.
3. Run a teleseminar.
4. Be a contributor on Yahoo/MSN Answers
5. Create a blog and join MyBlogLog.com
6. Create a MySpace.com account and make friends with your target market.
7. Create a viral report with links coming back to your website.
8. Generate a software product that you distribute free but advertise your website in it.
9. Build an article directory for a hot niche market
10. Produce a useful web-based software for public use
11. Ask thought-provoking questions
12. Build viral videos and upload them to Youtube.com
13. Buy links from Text-link-ads.com
14. Submit classified ads to USFreeAds.com
15. Publish content based on the latest news or unique items to tap on long tail traffic
16. Optimize your webpages for meta tags, title tags and H1 tags
17. Run online contests with kick-ass prizes
18. Run article exchange campaigns with HTML links in them
19. Generate your own social networking site
20. Join and participate in the Internet Marketing Singapore forum to get suggestions and ideas
21. Produce an unbelievable product and sell it on Clickbank.com
22. Auction off cheap digital items on eBay
23. Write articles for major sites like About.com
24. Create a regular PDF newsletter
25. Talk to 5 people every day about one piece of content on your site
26. Visit online guest books and leave a comment
27. Visit other blogs and contribute actively on a regular basis
28. Use banner advertising on banner exchange programs like BannersgoMLM.com
29. Seek out joint venture partners to promote your site/event
30. Purchase leads from a co-registration service
31. Write an offline book
32. Distribute flyers
33. Sponsor an event with prizes that have your website on it
34. Run a charity event
35. Submit a press release to PRWeb.com
36. Use resell rights promotions
37. Produce a web or blog template using Open Source license
38. Create a community with a community badge/chicklet for identity
39. Look for newsworthy information and syndicate to Digg.com
40. Use your MSN nickname/message
41. Provide a free download on your site with a message on the back of your business card
42. Leave an email signature
43. Have a tell-a-friend form
44. Newspaper advertismenets
45. Direct response mail
46. Regular podcasts
47. Run a “live” seminar
48. Create an affiliate program
49. Get invited to events
50. Run a 24-hour answering service
51. Give people the right to syndicate your content
52. Keep your content fresh
53. Create multiple offers
54. Use ping sites for your blog
55. Use article submission services like ArticleAnnouncer.com to create backlinks
56. Give a DVD out for free that requires opt-insk
57. Car decals with your website on it
58. Generate a member-get-member promotion
59. Offer a 50% sale for products on your site
60. Create an online community of friends
61. Invite 10 people to visit your site on a regular basis
62. Print t-shirts with your URL
63. Advertise in trade magazines
64. Advertise in the main newspapers
65. Radio interviews
66. TV interviews
67. TV advertisements
68. Use Google Adwords
69. Use MSN Adcenter
70. Use Yahoo Search Marketing
71. Use Adbrite
72. Getresponse Co-registration service
73. Optimize your website for a specific, targeted key phrase
74. Use PayPerPost.com to get bloggers to write about your site
75. Run a Web 2.0 community
76. Advertise in the Yellow Pages
77. Directory submissions
78. Affiliate directory submissions
79. Direct email campaigns with list owners
80. Use direct response postcards
81. Build a free software directory
82. Build a free image directory
83. Offer a bonus product during a product launch to JV partners
84. Use well-optimized websites and content
85. Bait providers to visit your website through eLance.com and Scriptlance.com
86. Purchase outdoor advertising space at targeted locations
87. Create an Opt-in mailing list
88. Visit and participate in forums related to your niche.
89. Build more backlinks for popular keywords
90. Narrow your market to a specific niche
91. Build more websites within related niches
92. Attend more seminars to gain connections
93. Use a Feed Reader to subscribe to RSS feeds - comment on targeted posts
94. Have multiple distribution locations for a physical product
95. Create your own products and let affiliates sell them
96. Blog controversially
97. Deliberately start an online war (flaming - not recommended)
98. Look for related websites in #1 position and buy advertising space from them
99. Set up account with Squidoo.com
100. Set up account with Hi5.com
101. Set up account with Multiply.com
102. Set up account with iConnectE.com - A Singaporean social networking site
103. Set up account with Huminity.com
104. Do a giveaway rights promotion
105. Build a presence on 43 things
106. Create an affiliate promotion with Clickbank
107. Run a Cost-Per-Lead program
108. Run a Classified on http://www.Mocca.com.sg
109. Find a Cause to support and promote the cause
110. Get people involved in your community
111. Use a tell-a-friend script and place this automatically with people have opted-in
112. Run a blog carnival
113. Use games to “tag” people
114. Encourage article exchanges
115. Request people to submit articles that you will display on your blog for free
116. Build a free online widget that people will use
117. Join discussion groups on Google, Yahoo or MySpace groups
118. Advertise on Alexa.com
119. Use Global SMS service
120. Leverage Craigslist.org

Sunday, 9 December 2007

Meta-tag for your site/blog

A few days ago I was very confused how to implement and how to give my blog a Search Engine Friendly look.Now I have done my job and its your turn.I was posted many discussions among my blogger friend.They have tried thier best and I have also work hard to find out a suitable tag code and implement process.

Frist of all I would say that many of search engine does not showing interest in meta-tag.But few and importants some are showing still same interest on this meta-tag.Then you should ask what is meta-tag? Of course there's a bunch of code which will help improve your site visibility among search engine.

Remind all that meta-tag includes
1.meta-tag title name for your blog
2.meta-tag description for your sites content
3.meta-tag keywords for your sites best optimisation
If you have putted this code into your site then your site will be search engine friendly.You can get more search visits from search engine.You can ease your business prupose from your sites increasing popularity.

Go this link to build your meta-tag for your sites. META TAG BUILDER

If you then want to implement this tag into your sites then carefully paste it between "head " to "head" tag of your edit template tab.

Tuesday, 6 November 2007

The Richest Man in Babylon: Seven Cures for a Lean Purse Part 7

Increase thy ability to earn.

Here's what the book has to say on this last cure:

As a man perfecteth himself in his calling even so doth his ability to earn increase.

Yes, it said "perfecteth" and "doth." ;-)

The book continues a bit later on:

The more wisdom we know, the more we may earn. That man who seeks to learn more of his craft shall be richly rewarded.

The cure ends with this:

Thus the seventh and last remedy for a lean purse is to cultivate thy own powers, to study and become wiser, to become more skillful, to so act as to respect thyself.

Read more summary of this book

The Richest Man in Babylon: Seven Cures for a Lean Purse Part 6

Insure a future income.

Here's what the book has to say about saving for retirement:

Therefore do I say that it behooves a man to make preparation for a suitable income in the days to come, when he is no longer young, and to make preparations for his family should he be no longer with them to comfort and support them.

Later it gives this similar advice:

The man who, because of his understanding of the laws of wealth, acquireth a growing surplus, should give thought to those future days. He should plan certain investments or provisions that may endure safely for many years, yet will be available when the time arrives which he has so wisely anticipated.

And finally, it recognizes that everyone needs to plan for retirement:

No man can afford not to insure a treasure for his old age and the protection of his family, no matter how prosperous his business and investments may be.

So what are the practical applications today of what this cure is saying? I'd list the following:

1. Plan for retirement by setting your retirement number. Retirement is more expensive than most of us think it is, so take the time to figure out what you need to save for retirement. This will help you avoid major retirement mistakes and make sure your retirement savings outlasts you. A key part of this, of course, is figuring out your 401k -- deciding how much goes in your 401k and, at a minimum, contributing enough to at least get the full employer match. If that doesn't work, consider tricking yourself into saving. Doing this, you may even be able to retire early.

2. Don't forget about updating/writing your will. There are many benefits of having a will (including naming a guardian for your kids) and a simple, effective will is rather easy to draw up.
Read more summary of this book

The Richest Man in Babylon: Seven Cures for a Lean Purse Part 5

Make of thy dwelling a profitable investment.

Yes, before David Bach and The Automatic Millionaire Homeowner there was The Richest Man in Babylon, giving advice on how a home can make you wealthy.

The book goes on a bit about how every man needs to enjoy his own property as does his wife and family. It talks a bit about putting down a good-sized downpayment and paying off the lender quickly. Then, it ends with this:

Thus come many blessings to the man who owneth his own house. And greatly will it reduce his cost of living, making available more of his earnings for pleasures and the gratification of his desires. This, then, is the fifth cure for a lean purse: Own thy own home.

Read more summary of this book

The Richest Man in Babylon: Seven Cures for a Lean Purse Part 4

Guard thy treasures from loss.

The first part of the book's advice centers on protection of your principal:

The first sound principle of investment is security for thy principal. Is it wise to be intrigued by larger earnings when thy principal may be lost? I say not.

In other words, you want a decent return, but you don't need to push it so much that your principal is greatly at risk. Now any investment has some sort of risk, but what they're talking about is undue risk that could cost you a decent portion of your money. It's just not worth the risk.

The book ends this cure with the following:

This, then, is the fourth cure for a lean purse, and of great importance if it prevent thy purse from being emptied once it has become well filled. Guard thy treasure from loss by investing only where thy principal is safe, where it may be reclaimed if desirable, and where thou will not fail to collect a fair rental. Consult with wise men. Secure the advice of those experienced in the profitable handling of gold. Let their wisdom protect thy treasure from unsafe investments.
Read more summary of this book

The Richest Man in Babylon: Seven Cures for a Lean Purse Part 3

Make thy gold multiply.

This is the cure that focuses on investing and, in particular, making sure the money you earn on your investments starts earning money itself. Here's what the book has to say:

I tell you, my students, a man's wealth is not in the coins he carries in his purse; it is in the income he buildeth, the golden stream that continually floweth into his purse and keepeth it always bulging. That is what every man desireth. That is what thou, each one of thee desireth; an income that continueth to come whether thou work or travel.

In other words, work to make your money a renewable source -- something that itself generates a good income.

The book continues:

Behold, from my humble earnings I had begotton a hoard of golden slaves, each laboring and earning more gold. As they labored for me, so their children also labored and their children's children until great was the income from their combined efforts.

Quite simply: save and invest your money (from the portion of your salary you keep for yourself) and then let time and the power of compounding take over to make you rich.
Read more summary of this book

The Richest Man in Babylon: Seven Cures for a Lean Purse Part 2

In the third chapter of The Richest Man in Babylon the book lists and details "seven cures for a lean purse." Today, we'll cover cure #2 which is:

Control thy expenditures.

As you might imagine, I love this cure! ;-)

The book starts this cure by addressing the objection that everyone always brings up first when it's suggested that they spend less than they earn and save a part of everything they make:

How can a man keep one-tenth of all he earns in his purse when all the coins he earns are not enough for his necessary expenses?

Here's the answer the book gives -- which I agree with 100%:

Now I will tell thee an unusual truth about men and sons of men. It is this: That what each of us calls our "necessary expenses" will always grow to equal our incomes unless we protest to the contrary.

That's right. It always seems that outgoes equal (or surpass!) incomes -- no matter how much the incomes grow. I've helped people who have made $20,000 a year and others who've made $150,000 and the problem is the same: their "necessary expenses" exceed their incomes.

The book goes on:

Confuse not the necessary expenses with thy desires. Each of you, together with your good families, have more desires than your earnings can gratify. Therefore are thy earnings spent to gratify these desires insofar as they go. Still thou retainest many ungratified desires.

Let's face it, most of us will still want "more" no matter how much we earn. So at some point you need to control your spending -- why not now?

This cure ends with the following advice:

Budget then thy necessary expenses. Touch not the one-tenth that is fattening thy purse. Let this be thy great desire that is being fulfilled. Keep working with thy budget, keep adjusting it to help thee. Make it thy first assistant in defending thy fattening purse.

Read more summary of this book

The Richest Man in Babylon: Seven Cures for a Lean Purse, Part 1

In the third chapter of The Richest Man in Babylon the book lists and details "seven cures for a lean purse." I'd like to share those with you over the next week and add my comments to the already great insights this book provides.

Cure #1 of the seven cures for a lean purse is:

Start thy purse to fattening.

Here's how the book summarizes this cure:

For every ten coins thou placest within thy purse take out for use but nine. Thy purse will start to fatten at once and its increasing weight will feel good in thy hand and bring satisfaction to thy soul.

In other words, save 10% of what you make. In order to do this, you need to spend less than you earn (save a portion of all you make as The Richest Man in Babylon states it). I've found that much of America has this backwards -- they spend ten coins for ev

ery nine they make. ;-)

The book goes on to highlight an associated principle that I've found to be true in my own life:

Now I will tell a strange truth, the reason for which I know not. When I ceased to pay out more than nine-tenths of my earnings, I managed to get along just as well. I was not shorter than before.

All you really need to do is separate needs versus wants versus desires. When you desire to have a high net worth, you spend on your needs and SOME of your wants. Other wants go by the wayside and, quite honestly, aren't that important to you -- you really don't "feel" the impact of not buying them. Why? Because you desire (want more) your financial independence.

The Richest Man in Babylon hits this issue of needs versus wants versus desires in the next paragraph:

Which desirest thou the most? Is it gratification of thy desires of each day, a jewel, a bit of finery, better raiment, more food; things quickly gone and forgotten? Or is it substantial belongings, gold, lands, herds, merchandise, income-bringing investments? The coins thou takest from thy purse bring the first. The coins thou leavest within it will bring the latter.

So, which do you want more -- purchases today that will be gone tomorrow or to store your treasure to grow you net worth? If you choose the latter and can follow through with that decision, it really is easy to become rich.

Read more summary of this book
Showing posts with label tip. Show all posts
Showing posts with label tip. Show all posts

Monday, 30 June 2008

101 Methods To "PR" your website

I got this idea from SEOPedia. It was pretty interesting that you could actually generate interest through that list, so I decided to do the same over here to help people generate traffic. It may not be filled by the time you read this, but I’ll be adding on along the way.

1. Submit articles to article directories.
2. Conduct link exchange activity with other blogs and websites.
3. Run a teleseminar.
4. Be a contributor on Yahoo/MSN Answers
5. Create a blog and join MyBlogLog.com
6. Create a MySpace.com account and make friends with your target market.
7. Create a viral report with links coming back to your website.
8. Generate a software product that you distribute free but advertise your website in it.
9. Build an article directory for a hot niche market
10. Produce a useful web-based software for public use
11. Ask thought-provoking questions
12. Build viral videos and upload them to Youtube.com
13. Buy links from Text-link-ads.com
14. Submit classified ads to USFreeAds.com
15. Publish content based on the latest news or unique items to tap on long tail traffic
16. Optimize your webpages for meta tags, title tags and H1 tags
17. Run online contests with kick-ass prizes
18. Run article exchange campaigns with HTML links in them
19. Generate your own social networking site
20. Join and participate in the Internet Marketing Singapore forum to get suggestions and ideas
21. Produce an unbelievable product and sell it on Clickbank.com
22. Auction off cheap digital items on eBay
23. Write articles for major sites like About.com
24. Create a regular PDF newsletter
25. Talk to 5 people every day about one piece of content on your site
26. Visit online guest books and leave a comment
27. Visit other blogs and contribute actively on a regular basis
28. Use banner advertising on banner exchange programs like BannersgoMLM.com
29. Seek out joint venture partners to promote your site/event
30. Purchase leads from a co-registration service
31. Write an offline book
32. Distribute flyers
33. Sponsor an event with prizes that have your website on it
34. Run a charity event
35. Submit a press release to PRWeb.com
36. Use resell rights promotions
37. Produce a web or blog template using Open Source license
38. Create a community with a community badge/chicklet for identity
39. Look for newsworthy information and syndicate to Digg.com
40. Use your MSN nickname/message
41. Provide a free download on your site with a message on the back of your business card
42. Leave an email signature
43. Have a tell-a-friend form
44. Newspaper advertismenets
45. Direct response mail
46. Regular podcasts
47. Run a “live” seminar
48. Create an affiliate program
49. Get invited to events
50. Run a 24-hour answering service
51. Give people the right to syndicate your content
52. Keep your content fresh
53. Create multiple offers
54. Use ping sites for your blog
55. Use article submission services like ArticleAnnouncer.com to create backlinks
56. Give a DVD out for free that requires opt-insk
57. Car decals with your website on it
58. Generate a member-get-member promotion
59. Offer a 50% sale for products on your site
60. Create an online community of friends
61. Invite 10 people to visit your site on a regular basis
62. Print t-shirts with your URL
63. Advertise in trade magazines
64. Advertise in the main newspapers
65. Radio interviews
66. TV interviews
67. TV advertisements
68. Use Google Adwords
69. Use MSN Adcenter
70. Use Yahoo Search Marketing
71. Use Adbrite
72. Getresponse Co-registration service
73. Optimize your website for a specific, targeted key phrase
74. Use PayPerPost.com to get bloggers to write about your site
75. Run a Web 2.0 community
76. Advertise in the Yellow Pages
77. Directory submissions
78. Affiliate directory submissions
79. Direct email campaigns with list owners
80. Use direct response postcards
81. Build a free software directory
82. Build a free image directory
83. Offer a bonus product during a product launch to JV partners
84. Use well-optimized websites and content
85. Bait providers to visit your website through eLance.com and Scriptlance.com
86. Purchase outdoor advertising space at targeted locations
87. Create an Opt-in mailing list
88. Visit and participate in forums related to your niche.
89. Build more backlinks for popular keywords
90. Narrow your market to a specific niche
91. Build more websites within related niches
92. Attend more seminars to gain connections
93. Use a Feed Reader to subscribe to RSS feeds - comment on targeted posts
94. Have multiple distribution locations for a physical product
95. Create your own products and let affiliates sell them
96. Blog controversially
97. Deliberately start an online war (flaming - not recommended)
98. Look for related websites in #1 position and buy advertising space from them
99. Set up account with Squidoo.com
100. Set up account with Hi5.com
101. Set up account with Multiply.com
102. Set up account with iConnectE.com - A Singaporean social networking site
103. Set up account with Huminity.com
104. Do a giveaway rights promotion
105. Build a presence on 43 things
106. Create an affiliate promotion with Clickbank
107. Run a Cost-Per-Lead program
108. Run a Classified on http://www.Mocca.com.sg
109. Find a Cause to support and promote the cause
110. Get people involved in your community
111. Use a tell-a-friend script and place this automatically with people have opted-in
112. Run a blog carnival
113. Use games to “tag” people
114. Encourage article exchanges
115. Request people to submit articles that you will display on your blog for free
116. Build a free online widget that people will use
117. Join discussion groups on Google, Yahoo or MySpace groups
118. Advertise on Alexa.com
119. Use Global SMS service
120. Leverage Craigslist.org

Sunday, 9 December 2007

Meta-tag for your site/blog

A few days ago I was very confused how to implement and how to give my blog a Search Engine Friendly look.Now I have done my job and its your turn.I was posted many discussions among my blogger friend.They have tried thier best and I have also work hard to find out a suitable tag code and implement process.

Frist of all I would say that many of search engine does not showing interest in meta-tag.But few and importants some are showing still same interest on this meta-tag.Then you should ask what is meta-tag? Of course there's a bunch of code which will help improve your site visibility among search engine.

Remind all that meta-tag includes
1.meta-tag title name for your blog
2.meta-tag description for your sites content
3.meta-tag keywords for your sites best optimisation
If you have putted this code into your site then your site will be search engine friendly.You can get more search visits from search engine.You can ease your business prupose from your sites increasing popularity.

Go this link to build your meta-tag for your sites. META TAG BUILDER

If you then want to implement this tag into your sites then carefully paste it between "head " to "head" tag of your edit template tab.

Tuesday, 6 November 2007

The Richest Man in Babylon: Seven Cures for a Lean Purse Part 7

Increase thy ability to earn.

Here's what the book has to say on this last cure:

As a man perfecteth himself in his calling even so doth his ability to earn increase.

Yes, it said "perfecteth" and "doth." ;-)

The book continues a bit later on:

The more wisdom we know, the more we may earn. That man who seeks to learn more of his craft shall be richly rewarded.

The cure ends with this:

Thus the seventh and last remedy for a lean purse is to cultivate thy own powers, to study and become wiser, to become more skillful, to so act as to respect thyself.

Read more summary of this book

The Richest Man in Babylon: Seven Cures for a Lean Purse Part 6

Insure a future income.

Here's what the book has to say about saving for retirement:

Therefore do I say that it behooves a man to make preparation for a suitable income in the days to come, when he is no longer young, and to make preparations for his family should he be no longer with them to comfort and support them.

Later it gives this similar advice:

The man who, because of his understanding of the laws of wealth, acquireth a growing surplus, should give thought to those future days. He should plan certain investments or provisions that may endure safely for many years, yet will be available when the time arrives which he has so wisely anticipated.

And finally, it recognizes that everyone needs to plan for retirement:

No man can afford not to insure a treasure for his old age and the protection of his family, no matter how prosperous his business and investments may be.

So what are the practical applications today of what this cure is saying? I'd list the following:

1. Plan for retirement by setting your retirement number. Retirement is more expensive than most of us think it is, so take the time to figure out what you need to save for retirement. This will help you avoid major retirement mistakes and make sure your retirement savings outlasts you. A key part of this, of course, is figuring out your 401k -- deciding how much goes in your 401k and, at a minimum, contributing enough to at least get the full employer match. If that doesn't work, consider tricking yourself into saving. Doing this, you may even be able to retire early.

2. Don't forget about updating/writing your will. There are many benefits of having a will (including naming a guardian for your kids) and a simple, effective will is rather easy to draw up.
Read more summary of this book

The Richest Man in Babylon: Seven Cures for a Lean Purse Part 5

Make of thy dwelling a profitable investment.

Yes, before David Bach and The Automatic Millionaire Homeowner there was The Richest Man in Babylon, giving advice on how a home can make you wealthy.

The book goes on a bit about how every man needs to enjoy his own property as does his wife and family. It talks a bit about putting down a good-sized downpayment and paying off the lender quickly. Then, it ends with this:

Thus come many blessings to the man who owneth his own house. And greatly will it reduce his cost of living, making available more of his earnings for pleasures and the gratification of his desires. This, then, is the fifth cure for a lean purse: Own thy own home.

Read more summary of this book

The Richest Man in Babylon: Seven Cures for a Lean Purse Part 4

Guard thy treasures from loss.

The first part of the book's advice centers on protection of your principal:

The first sound principle of investment is security for thy principal. Is it wise to be intrigued by larger earnings when thy principal may be lost? I say not.

In other words, you want a decent return, but you don't need to push it so much that your principal is greatly at risk. Now any investment has some sort of risk, but what they're talking about is undue risk that could cost you a decent portion of your money. It's just not worth the risk.

The book ends this cure with the following:

This, then, is the fourth cure for a lean purse, and of great importance if it prevent thy purse from being emptied once it has become well filled. Guard thy treasure from loss by investing only where thy principal is safe, where it may be reclaimed if desirable, and where thou will not fail to collect a fair rental. Consult with wise men. Secure the advice of those experienced in the profitable handling of gold. Let their wisdom protect thy treasure from unsafe investments.
Read more summary of this book

The Richest Man in Babylon: Seven Cures for a Lean Purse Part 3

Make thy gold multiply.

This is the cure that focuses on investing and, in particular, making sure the money you earn on your investments starts earning money itself. Here's what the book has to say:

I tell you, my students, a man's wealth is not in the coins he carries in his purse; it is in the income he buildeth, the golden stream that continually floweth into his purse and keepeth it always bulging. That is what every man desireth. That is what thou, each one of thee desireth; an income that continueth to come whether thou work or travel.

In other words, work to make your money a renewable source -- something that itself generates a good income.

The book continues:

Behold, from my humble earnings I had begotton a hoard of golden slaves, each laboring and earning more gold. As they labored for me, so their children also labored and their children's children until great was the income from their combined efforts.

Quite simply: save and invest your money (from the portion of your salary you keep for yourself) and then let time and the power of compounding take over to make you rich.
Read more summary of this book

The Richest Man in Babylon: Seven Cures for a Lean Purse Part 2

In the third chapter of The Richest Man in Babylon the book lists and details "seven cures for a lean purse." Today, we'll cover cure #2 which is:

Control thy expenditures.

As you might imagine, I love this cure! ;-)

The book starts this cure by addressing the objection that everyone always brings up first when it's suggested that they spend less than they earn and save a part of everything they make:

How can a man keep one-tenth of all he earns in his purse when all the coins he earns are not enough for his necessary expenses?

Here's the answer the book gives -- which I agree with 100%:

Now I will tell thee an unusual truth about men and sons of men. It is this: That what each of us calls our "necessary expenses" will always grow to equal our incomes unless we protest to the contrary.

That's right. It always seems that outgoes equal (or surpass!) incomes -- no matter how much the incomes grow. I've helped people who have made $20,000 a year and others who've made $150,000 and the problem is the same: their "necessary expenses" exceed their incomes.

The book goes on:

Confuse not the necessary expenses with thy desires. Each of you, together with your good families, have more desires than your earnings can gratify. Therefore are thy earnings spent to gratify these desires insofar as they go. Still thou retainest many ungratified desires.

Let's face it, most of us will still want "more" no matter how much we earn. So at some point you need to control your spending -- why not now?

This cure ends with the following advice:

Budget then thy necessary expenses. Touch not the one-tenth that is fattening thy purse. Let this be thy great desire that is being fulfilled. Keep working with thy budget, keep adjusting it to help thee. Make it thy first assistant in defending thy fattening purse.

Read more summary of this book

The Richest Man in Babylon: Seven Cures for a Lean Purse, Part 1

In the third chapter of The Richest Man in Babylon the book lists and details "seven cures for a lean purse." I'd like to share those with you over the next week and add my comments to the already great insights this book provides.

Cure #1 of the seven cures for a lean purse is:

Start thy purse to fattening.

Here's how the book summarizes this cure:

For every ten coins thou placest within thy purse take out for use but nine. Thy purse will start to fatten at once and its increasing weight will feel good in thy hand and bring satisfaction to thy soul.

In other words, save 10% of what you make. In order to do this, you need to spend less than you earn (save a portion of all you make as The Richest Man in Babylon states it). I've found that much of America has this backwards -- they spend ten coins for ev

ery nine they make. ;-)

The book goes on to highlight an associated principle that I've found to be true in my own life:

Now I will tell a strange truth, the reason for which I know not. When I ceased to pay out more than nine-tenths of my earnings, I managed to get along just as well. I was not shorter than before.

All you really need to do is separate needs versus wants versus desires. When you desire to have a high net worth, you spend on your needs and SOME of your wants. Other wants go by the wayside and, quite honestly, aren't that important to you -- you really don't "feel" the impact of not buying them. Why? Because you desire (want more) your financial independence.

The Richest Man in Babylon hits this issue of needs versus wants versus desires in the next paragraph:

Which desirest thou the most? Is it gratification of thy desires of each day, a jewel, a bit of finery, better raiment, more food; things quickly gone and forgotten? Or is it substantial belongings, gold, lands, herds, merchandise, income-bringing investments? The coins thou takest from thy purse bring the first. The coins thou leavest within it will bring the latter.

So, which do you want more -- purchases today that will be gone tomorrow or to store your treasure to grow you net worth? If you choose the latter and can follow through with that decision, it really is easy to become rich.

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