5 Laws of Gold

THE 5 LAWS OF GOLD — FIRST LAW

The Most Important Law of Money You Will Ever Learn

Most people think money is finite. Meaning there is a limited amount of wealth in the world. However, this is a lie. It is all lies.

In fact, everything you have ever learn about money is a lie. Lies. Lies. Lies. Unless you have been retaught by someone who did not lie to you. Someone who realizes that money does not exist and “they”, whoever you choose to insert here is fine by me, made this whole money system up.

Money is not finite, it is in great abundance, but it also doesn’t exist (This is a paradox, I know. But I didn’t make the rules up, so it is not my fault). At all! You are literally stressed by a system that has not existed for more than a few hundred years, and by the rules of the winners who made this entire system up.

Nevertheless, I am still going to teach you how to make this “money” stuff your slave! Money should be a tool that works for you and not you work for it. It should be a tool that promotes freedom, not a tool that creates debt by its mere formation and enslaves you.

One of the greatest books in the world that exist on this topic is the “Richest Man In Babylon”, by George S. Clason. In this book, he lists 5 Rules of Gold. I am going to share them with you and then break each one down for you. Money is your slave! Fear it no more.

THE 5 LAWS OF GOLD
LAW #1

Gold cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family. In other words, a person should put away 10% of his or her income for the future as a bare minimum. This rule is so incredibly fundamental, yet only a small minority even bother to follow it.

No one and I mean no one is more important than you. It is your birthright to live in prosperity and you will never get there if you spend 100% of all the money you make. Think about this for a second, what if you would have saved 10% of all the money you have made or received since you were a kid, how much money would you have saved today?

Furthermore, I hear people complain about how they don’t make enough money to save. This is both untrue and backward thinking. It is untrue because you don’t need to make a certain dollar amount to save 10% of your income, it is something you just do with discipline. It is backward thinking because if you try to save the 10% after you spend all your money and take care of all your bills and expenses, you will never have 10% left to spend. Those who save the 10% first always make room for the 10%. Those who do it last, always make room for poverty. These are facts, it will always be this way. Saving 10% should never, ever be an option, regardless of your current income.

Of course, someone will rightfully think, “If I save 10%, I won’t have enough money left for my bills!” This is a very common thought that is cured with one simple task — live inside the means of your income. As a rule, you should never spend more than 70% to 80% of your income. If your cost of living costs anything more than this, you are living outside your means and you to need to cut — fast. Cut your internet, even if you have to go to the public library. Cut your cable, even if you have to read books. It doesn’t matter what you do, the goal is to cut many things now so you never have to cut anything for as long as you live.

Here is a rule I live by and teach others to live by as well: 10–10–10–70 or 10–20–70. Let me explain, 10% of your income should go to charity/religious giving, 10% should go to yourself — in an investment vehicle of some sort, 10% should go to paying off your debt, and you should live off 70%. In this 70%, all your joy money, rent, mortgage, car note, etc., should come out of this 70%.

If you do not have debt to repay, then 10% of your income should go to charity/religious giving, 20% should go to yours, and you should live off 70%. In this 70%, all your joy money, rent, mortgage, car note, etc., should come out of this 70%.

From everything you get, pay yourself first. No one, and I mean no one, is more important that you!

This is the First Law of Gold and the most important. Wealth grows wherever men exert energy! If you learn this law, you will most certainly master the other four. Remember, everyone cannot understand what is written here, but the law does not require understanding for it to work. It will work, even if you do not believe. A law is a law, it does not require belief to be used or misused. This will work!

The fight is always against poverty, and passionately for prosperity.

Antonio T. Smith, Jr.
A guy willing to die for his dream and live for others to see their own.
#plantbetter
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THE 5 LAWS OF GOLD — SECOND LAW

How To Make Money Your Slave

Anything that generates a return is an “investment”. So, technically, if you have ever made a return on anything, you are an investor. You may not be a seasoned investor, but you are one, nonetheless.

I can think of 10 quick reasons why you should be investing your money and making it a slave for you.

1. You Want To Grow Your Money

Most investment vehicles, such as stocks, certificates of deposit, or bonds, offer returns on your money over the long term. Google these terms and start growing an army of money.

2. You Want To Save for Retirement

Simple. No reason to be a Wal-Mart greeter in old age unless you are a super extrovert and like that kind of stuff.

3. You Deserve Prosperity

You deserve to be a winner and winners can afford winner-things.

4. You Have Financial Goals

Goals such as buying a home, buying a car, starting your own business, or putting your children through college. All of these things require discipline and are so very worthy of you.

5. You Want To Build on Pre-Tax Dollars

Some investment vehicles, like employer-sponsored 401(k)s, allow you to invest your pre-tax dollars. This option allows you to save more money than if you could only invest your post-tax dollars.

6. You Want To Qualify for Employer-Matching Programs

Some employers offer to match the money you invest in your 401(k) plan up to a certain amount. Of course, the only way you can qualify and earn these matching funds is if you are actively investing in your 401(k) plan. Thus, many people invest in their 401(k)s to gain the matching employer funds.

7. You Want To Take Your Business Higher

Being broke is for losers and you can’t take your business higher borrowing from people and not having a budget.

8. You Want To Support Others

Winners hang with winners. Another simple one.

9. You Want To Reduce Taxable Income

As an investor, you may be able to reduce your taxable income by investing pre-tax dollars into a retirement fund, like a 401(k). If you generate a loss from an investment, you may be able to apply that loss against any gains from other investments, which lowers the amount of your taxable income.

10. You Want A Bit of Confidence.

I’m not saying money will make you happy, but it is better to cry in a house than under a bridge.

LAW #2

Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field. If you invest your money well, your money will simply make more money. Again, a very simple and obvious rule, but one that many people never get to because they didn’t follow the first rule.

Every dollar you save for yourself, you will make work for you like a slave. Money is your slave and you are the master, and it better go out and make your more money. Do not start businesses on borrowed money, do not buy from people more than you can afford, save 10% of all you earn and make it work for you like a slave. Money, never complains, it never perspires, it never complains about overtime, if sent to the right investment vehicle, your money will make you a wonderful army that you can fight against poverty! The fight is always against poverty and always for prosperity. Your money is to make you more money, and then more money, and then more money — and so on.

When your money begins to make you an army of more money, do not kill your troops! Make your money get more troops. In other words, don’t spend your profits, invest your profits! There is absolutely no reason to stay in poverty, none! If you spend what you have earned through wisdom, you are no longer wise. Do not kill your money, for any reason. Go out to eat later, for now, train you a wonderful army!

Investing means to put forth an amount of something with the expectation that it will generate a return in the future. Your birthright is to expect more! Expecting more is not arrogant, it is intelligent. Be comfortable with what you have so you can save 10%, but then expect your 10% to give you more than you ever had. A part of all you earn is yours to keep. Period. Keep it and then make it work for you like a slave!

There you have it. The Second Law of Gold. Invest your money and make it all a slave for you — don’t be a slave to it.

The fight is always against poverty, and passionately for prosperity.

Antonio T. Smith, Jr.
A guy willing to die for his dream and live for others to see their own.
#plantbetter
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THE 5 LAWS OF GOLD — THIRD LAW

Money Is Smart, Keep It Away From Fools

The blessing about advice is — it is free.

The cursing about advice is — it is free.

Basically, advice is freely given out by anyone and any person who will listen to it, to include this blog. While this is most certainly a good thing, it can also be a bad thing.

When it comes to the matters of money, you should be very careful of whom you receive your financial tips. Surely, you know many of nice people, but most of them are not qualified to give you financial advice. This is not to say that these people are ignorant, they are not. I would never claim or say such a thing. However, you do need to recognize the difference between intelligence and financial intelligence. There are many smart people who are not-so-smart in the areas of finance.

I can quickly think of seven reasons why you need to safeguard your money from the advice of fools. Remember, I am not calling your friends fools, for sake of this blog, it is just easier to use this idiom. Let’s see if we can hash this out a bit.

1. MOST INVESTMENT ADVICE IS A DANGEROUS HALF-TRUTH

I won’t insult you by making this section long. However, you should probably stop asking janitors about stock advice. No, there is nothing wrong with janitors. This world needs them in a major way, but get your stock tips from stock professionals. Does this make sense?

2. ALL INVESTING IDEAS DON’T FIT ALL PEOPLE

Despite what all the investment experts selling seminars and courses want you to believe, there aren’t any secrets to investing. Trust me, I am one of these seminar people, I know what we say. I can assure you I don’t participate in this rubbish. If you are retired, you better NOT be investing like me. I’m not even 40. Far from it. I did; however, retire when I was 29, so I may be someone qualified to give you a tip or two.

3. EVERYONE HAS A CONFLICT OF INTEREST

The only person 100% committed to your pocketbook is you. Everyone else has a conflict of interest. Even me. I will help, can help, but I am always at a conflict of what you know and what I know — on top of what is best for you. If you only know very little about stocks or real estate, I can only give you safe and secure advice. See, I can only help you to the level I find our conflict.

4. YOU CAN DELEGATE AUTHORITY, BUT YOU CAN’T DELEGATE RESPONSIBILITY

Umm, sir. Ma’am? Your financial advisors or mentor only has authority to advise you, the responsibility is all on you. You cannot give to them what you will not do yourself. If you take a loss, the loss happens in your household, not theirs. Careful with this one. Make sure you learn as well as delegate authority.

5. YOU NEED TO GET SMARTER WITH EVERY TRANSACTION

As you count your money or lose it, you need to gain knowledge. Your financial literacy level should be operating on compound interests just as your return of investments. Learn every time you get up to the plate and bat, don’t just swing and make no adjustments.

6. FINANCIAL INTELLIGENCE IS SOMETHING YOU CAN’T LOSE

When you learn financial intelligence, no one can ever take it from you and the world begins to slow down for you. Financial Intelligent people don’t need degrees to win or be rich, the entire world is at the mercy of people who possess high levels of financial intelligence.

7. THE MATRIX HAS YOU! FINANCIAL INTELLIGENCE GETS YOU ONE STEP CLOSER TO UNPLUGGING

You are going to hear me elude to the Matrix a lot. No, I’m not a conspiracy theorist. Yes, I am incredibly aware and self-aware. You live in a world of rules. Most of these rules are subjective, very few of them are objective. Anything that is subjective has been created by men. Only winners get to create rules and winners always create rules that allow them to remain in a winning position, and for losers to remain in losing positions, but without many complaints.

What does this mean? You are more than likely following a ton of rules that are meant to secretly uphold your poverty-condition. Therefore, upholding their winning condition. There is nothing wrong with winners winning. Nothing at all. This is not a liberal blog in which I try to get you to lean to the left side of political view. I am simply informing you that if you are not winning in life, consider that the rules you are living under are upholding your poverty condition. Winning has a pathology. Winners are financially intelligent. If you become financially intelligent, you will have half of what you need to unplug from the Matrix because winners aren’t as plugged in as everyone else.

I know. Crazy, young guy talking all crazy. Those who needed to hear– heard.

THE 5 LAWS OF GOLD

Law #3
Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling. This rule encourages cautious investing or at least encourages the investor to at least be informed. In today’s era, one can turn to the internet for plenty of investing information.

Antonio T. Smith Jr

18 min

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