Money Champ System is based on the
teaching of one of the oldest Teacher - “Richest Man in Babylon”
The “Richest Man in Babylon” lived some 3 to 8 thousand years ago. His name is Arkad, and he learned from a Rich Man who later became his father-in-law. His teaching was shared in tablets, where he and his “students” carved on, since there were no paper and pen then.
Arkad summarizes his teaching into 5 laws, but since Law #4 and Law #5 were just the opposite of Law #2 and Law #3 respectively, our Founder summarizes Money Champ System based on the 3 Money Laws.
1. Money Law #1: Pay Yourself First
This first money law states that we MUST ALWAYS put aside minimum 10% of our income for our furture investment use, before spending a single cent paying bills or buying anything fancy. In another word, we can only and spend maximum 90% of our income. Over time, the 10% we put aside will be accumulated to a significant amount that can used for investment, without affecting our lifestyle.
The diagram below illustrates Money Law #1 - how we should allocate our income into 2 accounts namely Bonus and Spend.
2. Money Law #2: Make your money work for you
The 10% money that was put aside has only one function - make more money for us. In another word, the 10% money should be used for investment that preferably generates higher return-on-investment than mere savings. Arkad's mentor has specifically emphasized his preference towards investments giving steady and regular income versus the one-time high return transactional investments.
3. Money Law #3: Listen to experts
Each each individual has unique experience, talent and strength. To ensure we achieve the optimum results in everything we pursue, it is best to tap into the talent, knowledge, and experience of the specialized individual or expert. Thus, it is important to consult subject matters expert on any investment, before we devleop our skills and become one expert in the area.