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Lesson 29: Seven pillars of business wisdom

Find that job: Lesson 89. Treat money like rabbits

 

Money makes the world go round, it makes people happy or miserable, but it also - always - relentlessly - makes money. Yes, there is no greater truth than this - money makes money. So treat it like rabbits. Here's why.

 

Money breeds quietly and quickly - like rabbits. So imagine that you have a rabbit farm. If you got rid of all the rabbits, you wouldn't have any left. If you sold, say, half of them, the other half would breed and you'd end up with more rabbits. It's the same with money. If you spend it all, it won't breed. You'll never be rich. It's a simple truth, but many people just don't get it.

 

So try and let your money breed. Put some of it aside for breeding purposes and cream a little off for spending. Reinvest the bulk to build up a healthy stock. Remember - money works for you. Free of charge. Once you have made some money you will be surprised how quickly it grows.

 

Some people blow it all. Some incur debts. Some have savings. Some live off the interest on their capital. Others live off on the interest on the interest of their capital! Rare luxury? Maybe. But they know the value of compound interest. Do you?

 

aSłOWNICZEK

 

make the world go round - sprawiać, żeby świat się kręcił

 

happy - szczęśliwy

 

miserable - nieszczęśliwy

 

relentlessly - nieustannie, uporczywie

 

to treat - traktować

 

rabbit - królik

 

to breed - rozmnażać się

 

to get rid of sth - pozbyć się czegoś

 

to spend - wydawać

 

to get it - (idiom) rozumieć, pojmować, 'kojarzyć'

 

to put aside - odłożyć (np. pieniądze)

 

to cream off - zbierać, zgarniać

 

bulk - większość, gros

 

to build up a healthy stock - zgromadzić potężny kapitał/aktywa

 

free of charge - za darmo, nieodpłatnie

 

to grow - rosnąć

 

to blow it all - tu: wszystko przepuścić, zmarnotrawić

 

to incur debts - zaciągnąć długi

 

savings - oszczędności

 

to live off the interest - żyć z odsetek

 

compound interest - odsetki składane

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