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Week 1: Savings Mindset 

Today’s Easy Financial Task: Read “The First Law of Gold” in the Richest Man of Babylon.

How to rock this task:

  • Find The Richest Man in Babylon (book).
  • Read “The First Law of Gold”.
  • Discuss the takeaway from this “law” with me and your accountability partners.
  • Share how you’ll use this “law” to build wealth.

Kudos, you’ve made it to Day 2!

Today we’re taking the next step to improve your Savings Mindset.

To ditch a poverty mindset, it’s essential to immerse yourself in inspirational and positive financial information, and that’s exactly what you’re going to do today. I want you to read “The First Law of Gold” from one of my favorite financial books, The Richest Man in Babylon.

Each principle in this book by George Clason will completely change the way you view saving forever. The book is a quick read that will have you living a richer life before you know it!

Don’t worry. You’re not going to read the whole book today. I just want you to focus on, “The First Law of Gold”. It’s one paragraph; it’ll take you less than a minute. Afterwards, reflect on “The First Law of Gold” and think about how you’ll apply it to your life. Then share how you will use it to foster a saving mindset with your accountability partners and in the comments below vs. emailing me.

You can get a free PDF of The Richest Man in Babylon here: the_richest_man_in_babylon :

Make sure to share your progress today with your Twitter family as well.

Today I'm reading The Richest Man in Babylon! Day 2: #LiveRicherChallenge Click To Tweet


Again, after you’re finished reading, don’t forget to share what you’ve learned today with me in the comments vs. emailing me, and your accountability partners.

You can find me here:

Twitter: @thebudgetnista

Instagram: @thebudgetnista

Facebook: The Budgetnista

Forum: Dream Catchers  (if you’re not already a member.)

Live richer,

Tiffany “The Budgetnista” Aliche


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  • Candis Netter

    The First Law of Gold discusses the importance of using the your first 10% to invest in your own future and ensure prosperity. It reminds me of the Christian principle of good stewardship. I’ll use this law as a reminder to pay myself first!

    • Great way to apply the principle to your life @candisnetter:disqus!

  • Teresa

    I will be consistent with saving my 10%- It’s time to auto transfer- don’t spend anything until this transfer is completed.

  • Ronesha

    The first law of gold simply states that 10% of your income should go into savings or towards investments. This will provide financial security for my future and my family if I’m unable to take care of them.

  • Erica Johnson

    Discipline and consistency is what I take away from reading this text. I know that I have not been disciplined at all but, I will change this… Saving 10% of my income before anything else… For my future & the future of my family. #motivation

  • Adonya

    It’s time to pay yourself first!

  • Ashley Thomas

    From my understanding of the law, you should put 10% of your earning in savings to better yourself and your family. This money can be invested and continue to grow as the rest of your money grows.

  • Rhonda

    Yes! Like tithing, since I’m trying to bring my “current savings” positive and I get 8% auto deducted. I will take 2% off the top from today forward.

    Thank you!

    • delorise love

      It basically means to pay yourself first.

  • Candace Young

    So this sounds like the law of tithing as well. Is it also saying that we should put an additional 10% away for retirement. I have a certain amount that comes right out of my check towards my 403b and I don’t see it, it just goes. Does that qualify?

  • Laterra Jones

    I will start being more consistency with myself by saving 10% of my income into my retirement fund. i’m sure me not going out to breakfast every Sunday will make up for it.

  • Harris

    Pray about your finances and don’t live check to check. Save some of your earnings!

  • Ronelle

    Good morning,

    My take away drom the First Gold Law was that saving can be a beautiful thing. Finance does not have to create fear or terror in my life. I can work with my money to get the most out of it and create more. It does not have to be a losing battle if I am accountable, responsible and dedicated to doing the work.

  • Shawn Hill

    My takeaway is to consistently put away 10% of my earnings towards savings. By doing that it will grow interest, but I will also be able to prepare for any opportunities when they appear and any emergencies when they happen.

  • Krystle

    What I got from it is that you have to be consistent in not only putting aside a small percentage of your earnings, but also provide for a secure financial future not only for yourself but for your family. It also entails that anyone has the ability to do so not just the wealthy.

    • Thanks for sharing that distinction,@disqus_iJj1QqbSts:disqus, of “anyone has the ability to do so not just the wealthy.”

  • Candace

    I relate the lesson from the reading to tithing in church, when you give back 10% of your earnings to the Lord he will multiply your bounty. “A good man leaves an inheritance for his children’s children.”

  • tommithetiger

    My take away from this reading is that one should strive to save 10% of his/her earnings. This automatically reminded me of growing up in church and hearing about tithing 10%. For some reason this number seems to be important. I will now go back and reevaluate my savings goals and make room for a ten percent savings to ensure my future is secure.

  • Jeneen

    I have always told my daughter once you get your paycheck whether weekly or bi-weekly make sure you pay yourself first, by putting it in a seperate account to help you save for your future. That is exactly what I take from this passage the more you save the more stable your future and your families future will be.

  • ShaQuilla Bell

    I took from this passage the very important message of paying myself first. The first thing I typically do when I get paid is pay off all the bills I can, which normally leaves me with nothing for me. 🙁 But starting with my next check, I’m going to take 10% of my money and put it in a separate savings account (which falls in line with me saving at least $300 a month), and continue to do that with each paycheck. I’ll also pay my tithes/offerings to the church, and then learn to look at the bigger picture and spread my bills out…so that I won’t be broke on the same day I get paid.

  • T. Jenel

    Saving 10% for your future and legacy. This is doable and I will incorporate this month.

  • Andrea

    To me the first law of gold states that you should save ten percent of your income away to better yourself and your family. I have noted this in my planner as a reminder to save for me and my daughter.

  • Andria Chappell

    My first thoughts were tithing. 10% goes to the Lord to help build His Kingdom. 10% can also be place aside for the building of your legacy. If you take care of God’s work, He will take care of you. So the 10% you are putting away will not affect your finances used to take care of your home.

  • Shay Shakur

    It is important to intentionally set aside at least 10% for savings and/or tithing to secure a solid financial future for yourself and your family.

  • Tanisha Toppin

    My takeaway from The First Law of Gold is to save 10% of my income to better myself and family. Also by investing that savings into your future it will attract more positive income. Money attracts money! I will start saving my 10%!

    • It’s true that “money attracts money” @Tanisha Toppin! Thanks for sharing!

  • Dollars4Dee

    Good morning, all! This paragraph reiterated that saving a little bit now will go a long way in the end. The 10% that I put away and invest off top will grow over time, and make live easier for me and my future family down the line. I often want to hoard everything, but living off 90% is more than enough. We must be disciplined and think in terms of abundance, not lack.

    • Rose Green

      Succinct, accurate summary. Nice!

      • Dollars4Dee

        Thanks, Rose! Great minds think alike.

    • Yes @D@dollars4dee:disqus! Great summary.

      • Dollars4Dee

        Thanks, Tiffany @thebudgetnista:disqus! You’re such an inspiration. I loved the challenge so much last year, that I decided to come back for this version. Keep doing what you’re doing. 😉

        – Dioni

    • Jay

      I agree. This paragraph said to me that we can attract more by putting away money consistently and watching it grow.

    • Felisha

      I agree with you. It’s all about what’s in your mind. If we can get our mind to line up with/agree with what is true, then we will began to see more abundance and less lack. It does take discipline. Now that I understand what saving actually does for me I will never hold back that 10% again!

      • Ohara

        I agree Felisha. I think everything begins with the mind. Once you’re mind is right you can literally do what ever you put your mind to and will prevent you from having excuses of not doing things. I Need to hold that 10%! We can all do it!

    • MiMi

      That’s exactly what I got from this paragraph. Even if it is a small amount, it’s more than you had before. We should always pay ourselves first. That 10% may be a struggle initially, but you can start with 5% and work your way up.

    • Kisha

      My thought was just saving a lot over time accumulates to a lot and puts you and your family in a better place financially. A little can go a long way.

    • YES @dollars4dee:disqus, consistency is key & it will make all the difference later on!

  • Michelle

    I had been trying to figure out how much of my money I should be using to fund my entrepreneurial ventures and I just got my answer 🙂 10%

  • Shanette Taylor Connor

    my takeaway from the first law of gold reminds me of tithing. to take away 10% of my earrings and save. in which i do, i do more than 10% and it goes into a savings that i can not easily get to. its in insurance also for myself and my family. Good read!

  • Cara Turnbull

    Great read. This principle is one we all learned, maybe even as children. Saving 10% of ur earnings ro build wealth. The key now is to implement this. I’m goin to automate the transfers to my savings so it’s already done with me having to do it.

    • Automation is the new discipline @cara_turnbull:disqus! Thanks for sharing!

  • Elena Tina

    My takeaway from “The First Law of Gold” is that I need to learn to budget myself more in the present, to properly prepare for the future. I can have my cake and eat it too, as long as I’m not greedy now!

  • Payton Cornelius

    What I gained from The First Law of Gold is to not only give 10% of my income to tithes and offering but to also set aside that much for a secure financial future.

  • Kelly

    I also thought of tithing when I read the first law and I do agree it is a great idea to practice putting aside 10% immediately. This does lead me to another question/thought…for those who tithe, will you now put away 20% to split between God and yourself? Tithing the full 10% has been a struggle for me financially but I definitely hope this challenge helps me to manage better so I can do 10% each.

    • Tamara

      Kelly, it is a struggle, but that’s what faith is for! My church took the approach of giving in small percentages until you reach your 10%. For example, begin with 2% and slowly increase every few months. You can do the same with your savings. As long as you’re putting something to the side, you will see your savings grow.

  • Antria Nicole

    As many of stated; this is a reminder that when 10% is given to the
    Lord, He shall multiply it. “A Part of all I earn is mine to keep!!!”
    this statement is very enlightening, letting me know that yes, bills
    have to be paid and other monetary things are necessary to live;
    however, I am also putting in the work; therefore, I should benefit from
    the work I am putting in. Then most importantly, make the money work
    for you; save, invest, prosper!!!!

  • Kristal

    From the “First Law of Gold “ passage I learned that every
    storm comes to an end. Our financial challenges will come to an end. We must
    learn from our mistakes and take those lessons and apply them to assist in overcoming our financial challenges. Start by paying yourself first. One-tenth should be saved for your future. I am already doing this by utilizing my
    employer match 401 (K) plan. In addition, I am going to have $5-10 each
    paycheck go into a new savings account just as a bonus for my future (Have to
    start small right now until I can free up more money). Little by little this money will grow as it states in the First Law of Gold. It’s going to be a slow process , but we have to hold to it and stay consistent.

  • Bre Alexanderia

    What I took away from “The First Law of Gold” is what I have been telling myself since day one, put money aside for yourself pay yourself first. You earned that money and all of it should not be going to just bills. I will start to put 10% aside and look into investing but for now it will go into my interesting earning savings account.

  • Chiquita Shanel

    I gathered from this paragraph that anyone that puts some of their earnings away for their future and or for there’s family that’s money will grow and they will attract even more money!

  • Lunay

    I took from the paragraph that you should save 1/tenth of your earnings and once you do that, the easier money will come to you.

  • Chivonne

    What I took from this was if I save my 10% and invest it the more I’ll have in return. My nest egg will continue to grow. I attract money, money attracts me.

  • ProofPositive35

    I took away that I need to save at least 10% of my earning for myself and family for the future!

  • Torshea Sims

    Morning what I’ve learned today day 2 is that money attracts more money….I HAVE to start saving 10% of my own income to Attract MORE money…..I’m so excited about my FINANCIAL HEALTH….THANKS A MILLION D.C. AND BUDGETNISTA

  • My2Cents

    I gathered from the “First Law of Gold”, is that its imperative that you pay yourself first, specifically at least 10% of your earnings. Utilizing this practice will help build your savings and provide you financial security in the long run

  • colisha freeman

    My takeaway is….TITHE!!! Malachi 3:10. Point blank, period. As I read the paragraph it had this scripture all over and through it

  • Ania Otto

    What I took away from The First Law of Gold, is that if I save 10 percent of my earnings I will make a better life for my family and a secured future for them in the event of my passing. Also, the more wealth I accumulate, it will more readily come to me in increased quantities. So I will continue to pay myself first by saving 10 percent of my income prior to paying anything else.

  • No-more-debt

    My takeaway is to a good steward over your money. Invest wisely, and you will greatly benefit.

  • Greene Mia

    Good morning! I learned to set aside 10% of what I earned along with taking care of my responsibilities. I’ll still have fun but in moderation , rather than blowing money on clothes and partying on the weekends. That way I’ll have financial security in the future and if adversity hits I’ll be prepared as well.

  • Dyanna

    This first law says to me that 1/10 of earnings should go toward building a sound future for my children and grandchildren and beyond. I see that in a stable home that can be theirs and investments and savings.

  • Daniele

    My take away from the first law of gold is that we should pay ourselves first out of each paycheck to keep in savings or for investments when an opportunity presents itself.

  • Tash Singleton

    Big takeaway is to save for myself first! It wouldn’t be wise to sacrifice more than I can put out on paying bills without contributing 10% of my earnings to my money bank.

  • Jaqlyne Gabrielle Grant

    I relate this a lot to tithing-giving God 10% of my income every week. It also relates because your tithe is a seed that grows and reproduces. Just like my tithe reproduces the 10% that I set aside to save will reproduce. With my Capital 365 card, saving my coins and dollars, and now setting aside 10% from every week, I believe that my goal of $2500 by March 31st will be met! I’m saving for my future which includes moving into my first apartment by the spring!

    • Cici

      I agree! I was just thinking that tithing to myself (after God) is a great way to help me stay consistent in saving my 10%

    • Nikiesha London

      I agree Jaqlyne, as I too equated the first law of gold to tithing. The 10% that you save and that that you give to God will increase in abundance.

    • This is great @jaqlynegabriellegrant:disqus! YES, what you put aside and don’t touch has a chance to grow! I can’t wait to hear about your move in the Spring!

    • Le’Velle Parsons

      I agree with Ms Jaqlyne. The first thing I thought about when I read it was tithing. I have never thought about saving in such a way and a great way of thinking. Good read!!! Now let’s do it!!!

    • Vernessie Joseph Burbank

      i agree

    • Tonya

      Excellent read! Yes we all must pay God first. But to help try seeding (sacrificial offering) every now and then an extra amount which I found to help me as well and I give an extra $10 or what I can afford as an offering above my tithes. Thithing, Offering, Seeding! Seeding causes man to give unto you (your extra that comes out of no where). Best wishes on your first apartment, excited for you!

    • Idelfi Crespo

      Yes this is exactly what I thought of. Tithing is so important. God provides and multiplies.

  • simpleexpression11 .

    My take away is that we have to be in control of every area of our lives and this includes our future as noone else will take this responsibility for us. We do this by being good stewards over what God has given us… A good foundation and mindset on saving with a purpose and a plan #saveyourcoins #livewithpurpose

  • MzDrea BeautyforAshes Scales

    I will save $ 500.00 by June 2016 and $1000.00 by December 2016. This will be done by limiting my expenses of eating out and reducing or paying off a loan i have

  • Claudia Bellony-Atanga

    Good morning Dream Catchers! My key takeaway from The First Law of Gold is to invest/save 10% of my income in order to build a dynasty for my children and future generations. It’s the law of attraction and it is mentality which I totally believe in! Also, I never posted my 2016 financial goals, so here they are, 1. To save $1000 by August for my Brazil trip. 2. To pay off all credit cards before the interest kicks in. 3. To generate an additional $500 in revenue outside of my 9-5.

  • Shavannah

    My take away from this law is: Change my entire mindset about “not being able to save like I want to” and put 10% of my income every week into an account and never touch it under any circumstance! Blessings**

    • Great shift in mindset @shavannah:disqus! This movement is about more than money!

    • Melissa

      This is exactly what I got from this passage as well. I will automatically subtract that 10% so I put it in savings before I even see it. This will help me change my mindset of …”I don’t have enough for everyday expenses to put money away consistently” now I will do automatic transfer into a separate account

    • Melissa Watt

      I honestly didn’t have complete understanding until reading comments. I understand that I should be taking 10% of my earnings.

  • natasha nutall

    Good Morning Dream Catchers

    My take on the First Law of Gold

    That it is important to put aside 10% of your income to build for your family’s future. Through consistently saving and investing you can insure that you and your family are taking care of.

  • Brittany Thomas

    Good Morning, today’s reading gave me a better understanding and that needed push to start saving for my future years. One of my biggest fears is that I will have to struggle with working a job I do not like in my golden/retirement years.

  • Cassandra T

    After reading the law, I took away the importance of consistently saving 10% of my income to ensure financial security in the future for myself and my future family in case anything unexpected should happen. 10% for seems like a lot to try to put away and not think about it but it actually is not that much to make sure that the future is accounted for, and since saving money attracts money you will be just fine financially.

  • Michelle Sutton

    The take- away that I got from the First Law of Gold is to save 10 percent of my income over time, and it will grow. It will compound on itself and over time I will be able to build a nest egg for my family for future generations. Being consistent in doing this, will attract more money in my future. This is something that I will implement soon. I also have to have the mindset to not think that it is too late to start investing in the future.

  • TiAna

    Its funny that this isnthe goal for today. I began researching stocks and bonds but was lost in the sauce on how to actually start. Inwatched a Khan Academy YouTube video about stocks andehat ut actually means yo own part of a company (stocks) rather than be a partblender to a company (bonds). From what I do know just from investment conversation, it isnbetter toninvest in “parent companies” rather than specific brands…meaning invest in Nike, not specifically Air Jordan. I’ve got a lot more research to do but this is my plan for my 10%

  • Diannellkarmynmeme Williams

    Good morning, After reading the paragraph it talked about saving 10% of your earnings can go a long way. It prepare us for the dark days when no longer here. So investing the 10% can put you on top of the future.

  • mrstlarkin

    Good morning!!! What I learned from today’s lesson is in order to save you must pay yourself also with 10% of your salary.

  • Rose Green

    How will I use this law to build wealth? By finding a savings account with a good interest rate and deposit that money in it. By constantly reminding myself that I have enough, so I don’t feel impoverished when I don’t see that money in my account.

  • This law made me realize I was actually not saving enough. I have autodrafts to savings, but they are not 1/10 of my income. I think I will ‘feel’ broke by moving that increase amount of money out of checking to savings though, but I’m open to trying!

  • Barbara Moore

    The importance of doing the 1/10 of the income is CONSISTENCY. My now finace always told me to pay myself, which I did last year and slacked off. Now, I wont and will put a daily reminder to myself to pay myself for our future.

  • Nicole Ramseur

    I’m already reading this great book. It has given me so much helpful info & insight! I love this confirmation! Chapter 1 basically says to me to change your life you need to start NOW with no excuses or exceptions. Seize the moment. No one else is going to do it for you!

  • Catherine Auguste

    My takeaway: Building wealth and securing financial freedom for us and our families in the future is important. We can achieve this by saving at minimum 10% of our earnings. There is more than enough money “gold” for everyone,and I deserve it! SAVE!!

  • Abiyahcb Yisrael

    Putting away 10% of my earnings will make the future much easier for myself and family

  • Rochelle Patterson

    My take away from the first law of gold is to save 10% of my income whether an emergency fund or retirement so that I can build up now and live better in the future.

  • Tiffanie

    My take away is: I don’t have to save more than I can afford; 10% will go a long way. It also made me realize that by not saving at least 10%, I’m living way beyond what is necessary hurting my chances of financial freedom. This first law will help carry me through the journey of living richer.

  • Leticia Selmon

    I love details so I not only read the paragraph, I read the chapter. My thoughts on the first law of gold is to put money away to invest in yourself and families future. If we get caught up in the daily survival without planning for the future understanding that we don’t know what the future holds we could end up with nothing or short of our needs.

  • Tunshae

    Upon reading the 1st Law of Hold my first thoughts were the same 10% which God commands must also be mimicked in my own life (household). I’m glad to have finally come to terms with this fact. It’s great that I’ve been able to connect this simple principle with my biblical foundation. This let’s me know that I’m in the right course for money management. This is the year!

  • Tatiana’s Blessed

    My takeway is putting 10% aside can help myself and family. It will grow over time, all about discipline.

  • Stephanie

    This paragraph reminded me to pay my self first. In doing that you’ll never be without. I think once you get into this habit it will be easier for one to do the same with other things.

  • K.Diane

    My takeaway from the paragraph is that saving money will allow me to acquire more money and the money that I invest will earn more money. Saving 10% will allow me to be better prepared financially in the future. I will I use this information? Each year I increased the monthly amount I invest in my 403b by $50 and I automatically save money to my Capital One 360 account. Slowly but surely, I am making it to the 10% of my income.

  • Sandy Eyl

    At first this sounded like saving for retirement, but that’s a whole other thing. So saving another 10% to invest will add over time and grow your family finances.

  • Jay Tee

    The keyword for me from The First Law of Gold is “consistently.” 10% may not seem like much, but if given consistently and invested so that your money has the chance to work for you, it will increase your wealth, later on.

  • Kim

    So, is this 10% into savings only, 10% into 401K, or a total of 10% into both?

  • Aqueelah Reed

    Good morning everyone!!! What I understood from the reading selection in today’s challenge is that I should “pay myself” first! By saving at least 10% of my income I’m investing in myself and my family’s future. I’m thankful for today’s challenge because it reminded me of two things, tithing at church and my father always lecturing about how I should be “taking my money off the top” before I give it away to bills. I didn’t pay him any attention back then but I’m learning now! I have automatic payroll deductions go into my credit union account but I plan on being more disciplined when it comes to withdrawing the funds.

  • Michelle C Farrell

    What I took from the reading was taking the time to save just a small portion of your income (10% is very reasonable) can lead to huge increases in your life later on. Having that savings and allowing it to grow can lead to a great return on your investment and enable you to enjoy life the way that you want to. I will surely be making the choice to start saving my 10%!

  • Keyasia

    The paragraph basically meant, the wealth comes to those who pay themselves first. When you save money and invest it wisely, you’re guaranteed to see that money grow for you. I will set up 10% of my paycheck to go into a bank account that I do not touch, and add more whenever I can. But starting with 10% is a good foundation for sure.

  • Wanda Howard

    I will start aiming to save 10% of our income…I will cut back to basic cable.

  • Brandi Deere

    First law of gold states to save 10% of your earnings and do not touch it. Also be careful investing your money into businesses that you know nothing about.

  • Samantha

    Reading this made me realize that I never pay myself first. I am going to start today by getting what I deserve. I am researching on-line banking accounts so that I can start to pay myself 10%. After a year I will invest and continue to save and reinvest. I’m motivated.

  • Benetta Pyatt

    Good Morning everyone….. This was a great affirmation to the mindset that I am in need of right now to accomplish my goals. How I will apply The First Law of Gold to my life is to change my mindset of “not having enough to save” to Saving in abundance. Changing my mindset on how I view money, how I engage in spending, how I engage in saving and planning for my future and the future of my children. Investing monetarily in my children’s future therefore, building an empire of wealth. The more money I put away the more I will have and the more that will come. Having my money work for me in the long run. I will do this by ensuring that I am sticking to my monthly budget and monthly savings plans. Showing my children how to save by guiding them through my budget and savings plan and assisting them in developing their own.

  • Carole Appling

    Good morning everyone, yes we have all heard this law before, and it’s good to hear it again. Pay your self first, putting away money will attract more money.
    start slow if you must, we will all get there in the in.
    Have a great day.

  • Tiffany Williams (TiaTori Arti

    The concept of saving a percentage for the long term makes so much more sense than picking a specific number. As the income fluctuates having a plan of a minimum of 10% will minimize the stress if there is a specific number that may not be met. This also eliminates the idea that “i don’t make enough to save”. You simply start where you are and start with 10%. #enlightened

  • Carolyn

    Hello – my take-away from today’s challenge was very similar to Dollars4Dee…putting a little away now will continue to grow and provide a future for you and your family later which is one of the the many things a ‘savings’ is meant for…and something that I can’t wait to get better at. I can’t wait to see where I end up on my new-found budget journey!

  • Joce –

    Good afternoon, to me this paragraph meant that one definitely needs to save and put away 10% of their income. I know it showed me that I need to be more disciplined in order to become debt free and save money.

  • Karen R. Womack

    This is a much needed reminder that my husband and I should be paying ourselves by saving/investing 10% of our earnings a seed planted for a secure future. This planted seed will grow in abundance and benefit our family in the long run. Even if saving this 10% comes as a result of sacrificing in other areas of life at the present time, we must recognize and respect the bigger picture.

  • Lauren

    I have to shift my thinking in how I handle my income. At least 10% needs to be saved and invested for a stable financial future. Seeing the math on paper, I know it is possible. Best wishes.

  • Guest

    What I took away from this book is to change my entire mindset about saving. I also learned that I need to pay attention, meditate on and take good advice when it’s given. Be consistent in saving a portion of your earnings.

  • Tamera

    What I got from the paragraph is to do what I have started to do and that’s save for my future and invest!

  • Khalilah

    Day 2: I understand that saving 10% of my income is important for my future. It’s my foundation for building wealth. When I get paid this Friday, I will start using my online savings account to stash 10% every time I get paid. Then I will begin investing using the Stash Invest app.

  • The Grim Phreaker

    The first law of gold basically means the more you save, the more interest piles on what you save and your interest earns interest as well. I am going to start putting away 10 percent of my money and watch it grow.

  • Toni Lawson

    Good afternoon! I take away from this paragraph that I should always pay myself (and my family) first by putting away 10% of my earnings. Although the 10% may not seem like a large amount, it will accrue over time. It is important to me to leave a legacy for my family and I can start by applying this principle.

  • Whitnee <3

    My takeaway from this is that by saving a mere 10%, you can build on that for your future and your family. That money can be invested and grow, therefore drawing more money towards you.

  • Theresa H.

    Good afternoon everyone! The takeaway for me were two things: consistency and compound interest. Always be consistent in saving (no less than 10%), perhaps this discipline will indirectly urge you to save more and be keen about how you spend your money if you’re falling below that 10%. Lastly, compound interest works in your favor when you’re consistently adding money to the pot month to month, year to year.

  • Amber Hurley

    The First Law of Gold–save some of your hard-earned money for yourself! You can’t build wealth if you constantly give it all away… start with at least 10% and increase your savings from there.

    I’m so glad to read about this; it lines up perfectly with my goals… I already have a portion of my monthly income auto-deducted to my savings. Now, I just need to maintain willpower and not mess with it!

  • Camille Koroma

    Hey all, just read the first law of gold for day 2!

    What I took away from that is to always save/put money on the side not just for a rainy day, but to also help build your empire. With discipline comes rewards!

    My take away form this is to not look at saving money as a punishment anymore. I always think, “Ugh I need it right now, ill take it out, but i will replenish it later,” when really i need to not touch it at all. I am saving for my glow up and to build my empire!


  • Quetta

    In reading the first law of gold, it brings me to think of the tithe that I pay to my church. I pay my tithe, now I must start also paying myself to accumulate wealth for my children.

    • Jay

      Right on the nose!

  • Nicole

    Good afternoon! My take on the first law of gold is, I should put away or pay myself 10 percent of my earnings and over time I will benefit from it in my future. I have to be disciplined and save and keep in mind that putting my money away/saving will be there in the time of need.

  • Mersula Franklin

    After reading this principle I believe the author is trying to teach concepts of respecting your increase by saving and not spending everything…this will lead to an increase on your increase which in turn leaves inheritance for future generations! This is my reason for beginning this journey and believing in myself to finish strong!

  • Kara Johnson

    Hello everyone! I shared with my accountability partner my input. A little gold (savings) becomes a lot of gold (savings) over time through continuous savings of 10% minimum and wise investments. When reading the passage, the word wise stuck out to me. Not all investments are wise. Once you get to the level of substantial savings, investing that “gold” into a sinking ship because it’s a relative may not be the best idea. Just an example.

  • kristen williams

    The message I received from the paragraph initially made me honestly feel a little guilty about not putting 10% (or even any small amount that I can) away for my family and for as someone stated below… tithes ( for my own personal beliefs).
    My next thought was- This really influences me to stop the frivolous spending and to put that money towards my family’s future and for my tithe. We invest our money is so many other areas, why not invest in ourselves?!

  • Porsche Teairralashay

    Putting away or invest 10% of your income will create valuable income in the future. I have started two online savings accounts which i will deposit all savings from he 26 week and 52 week challenge I am doing. I have also invested in nike and amazon stock.

  • mas.

    i’m gonna put 10% of everything i earn because if I start this now at 25. I will be a much happier 40 year old.

  • Tammi Williams

    My takeaway on this if I save /invest at least 10% consistently, the money will grow substantially and you will attract money like a magnet.

  • Lynda Edwards

    What I took from this paragraph, is that saving is good, but you need to invest it wisely to accumulate more. I do save almost 10%, but I also have dipped into it and just have it sitting in a regular savings account. I need to make a change…today!!

  • Sassy Zeta

    After reading the 1st Law of Gold, I understand that saving today makes for big investment tomorrow. As it is one of my goals to give our daughter a house or an apartment building as she leaves for college in 7 years, I have to work particularly hard to save and ensure this becomes a reality. This will begin her nest egg!

  • Natasha Hanks

    I. 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.

    My take away: Pay yourself first! On payday you should take 10% of your take home pay and put it into savings. Then another 10% to pay your tithes. with the remaining 80% budget your bills/expenses.

    I will be the first to admit I struggle with this greatly and it shows. I have nothing saved in my savings account but the minimum amount necessary to keep it open 🙁 🙁 🙁

    Sad to say but same thing with tithing I give what I feel I can part with instead of the aforementioned 10%… I feel like I cheat myself and most importantly God, then I rationalize with myself to make me feel better about the guilt I created.

    Using this principle for 2016, I hope to be able to save my 10% or more of my pay which will be put into the highest interest savings account I can find and happily pay my tithes because paying tithes is right. If I can faithfully give to the Lord, He will faithfully give to me 🙂 🙂 🙂
    Here’s to following the 1st Law of Gold for 2016.

    Day 2:#LiveRicherChallenge

  • Fruitbowlk

    Great Afternoon, The paragraph talks about saving one-tenth of his earnings on how that will not only build your wealth but that of your heirs. This is so powerful. I have my daughter deposit money in her savings account yearly that she has collected through the entire year, This is my way of getting her in the savings mode for life. I save a 10th if not more in my accounts.

  • Dannielle Givens

    First I must laugh out loud and thank you at the same time. This is the third business book that my brother and I are reading together. All in which he paid for, all of which I discovered for free.

    This rule reminds me of “having your money work for you”. Investing 10% of our earnings in avenues such as stocks, real estate or others provides ways for our money to increase without ever having to work for an employer. It is also wise due to the “dark” moments when (not if they occur). This will provide not only ourselves, but our loved ones a sense and means of relief, whatever the adversity may be. (Have more assets than liabilities)

  • EarthAngel Writings

    Great! Very enlightening (multiplying, saving money – vaulable! I accidentally read all five laws so., I think I’m ahead for tomorrow! 😉

  • Margo Beckham

    Hey everyone!

    This post made me realize that giving a little bit of effort to something can great bigger things in the long run. It makes me understand patiece, as well. Knowing that one-tenth may not be alot right now, but if I consistently save, I can have a better outcome later, makes me want to start today. So today. I start putting $100-200 a month into my investment account after I complete my savings goal in June. Before I complete my savings goal, I will put $25 in my investment account from each paycheck starting Jan. 15, 2016.

  • Michelle Williams

    Hey all my take away is that putting aside at least 10% will only help me succeed but will grow over time. The more you save the more you have.

  • Ki-Ki

    This paragraph complements several Biblical principles
    that I believe in. One being, you reap what you sow. If you place a portion of
    your money aside (or plant it) more will come to you. Essentially, it will grow
    for you. I love the sentence in the paragraph that says, “This law always
    sayeth that gold cometh gladly to such a man.” It’s as if money knows that it
    will be invested well so it is glad to come into the hand of a person with
    financially sound principles. Just as you and I don’t want to be abused or
    taken advantage of, money dislikes being squandered as well.

    • Dollars4Dee

      Awesome perspective! You just spoke to me.

    • Abundant_Ericia

      Beautifully written and I read the same Biblical principles as well.

    • Courtnie Chaney

      This is exactly what I took away from the reading, but more well written! Thanks for your perspective.

    • @Ki-Ki, I love that, “money dislikes being squandered as well.” Thanks for sharing!

    • Melissa

      Hey, I love you take away from the first law of gold!! And I completely agree that the more to put money aside the more it will come to you, it just took me a while to actually understand it.

    • Tonya

      WOW! awesome mindset! Totally agree! Whoever sows sparingly will also reap sparingly, and whoever sows bountifully will also reap bountifully. I love biblical principles. Love “Just as you and I don’t want to be abused or taken advantage of, money dislikes being squandered as well.”

    • Kristin Edwards

      Wow! This is an awesome revelation!!! I love the way you put it. Money doesn’t want to go to a person who will abuse or misuse it! Awesome, awesome, awesome!!!

    • Great insight!

    • Lina Lou

      Great perspective! And I totally agree. In the past I’ve noticed that when I focus on good financial practices, somehow new money also shows up from no where! You definitely reap what you sow!

    • Casey

      Your last sentence was pure gold! Blessings and thank you!

    • Angelina Isdeeplyloved ByYeshu

      That was deep Ki-Ki!

    • TK

      I truly grasp the idea that money will return to those who do not abuse it. The law of reaping and sowing is evident and if I sow in the right places I’m bound to reap bountiful.

    • Geraldine Logan

      I like that🙋🏽‼

    • Makyra Penny’

      Couldn’t have said it better myself

    • Idelfi Crespo

      Thanks for putting it like this. Best explanation

    • Sabrina Prunty

      I agree…love it

  • Felisha

    The first law of gold helped me to understand that it’s not just about me, but for my family as well. It’s about the investment I’m making now to enjoy later.

  • Cheryl Allen-Hardy

    Wow, I can envision increase just by saving a tenth of my earnings over time. One small change, One tenth is a feat that we can all achieve. I’ll remain consistent and vigilant in my efforts to save because I can see it. I like this paragraph. Have a great day…..

  • Kia

    When investing in something you are also investing in a better you. Investments not only benefit you, it also creates stability for your family now and in the future. Build an empire and create wealth!

  • Ashley Wilkins

    What I got from this in the importance of making your money grow and work for you. Investing and not wasteful spending, by reading this and learning that I will have more money coming in because of saving has motivated me to stick to it.

  • Denise Black

    Good Afternoon Everyone!
    In saving 1/10 of your earnings you position yourself and your family to live a much easier life. After reading this, I went ahead and calculated 10% of my actual earnings over a monthly period. Therefore, I was able to see that it made much more sense to save in this manner.

  • Ness

    Hi Everyone, I’ve learned being consistent and accountable will beget more than imaginable!! It starts with Me!!

    • This is so true @disqus_JWqvjYsmwI:disqus! Accountability is important, too! Thanks for sharing your take away from today’s reading!

  • Erica Marie

    I interpreted this paragraph to say that the Lord will reward a man who is smart with his/her money abundantly if he is not a stupid spender.

  • Michelle Boisselle

    The law speaks to the practice of saving/investing from one’s earnings in order to accumulate wealth for some future need. I would definitely use this method as a way of achieving my travel goals.

  • Davette M. Littles

    “The First Law of Gold” serves as confirmation that you reap what you sow and that by giving, even minimally, that in which you gain can be far greater. While reading the paragraph I felt encouraged to pay myself first and felt at ease knowing that saving 10% of my income serves as a good starting point. Getting in the habit of saving will lead to more opportunities financially and grant us all a peace of mind. I enjoyed this short, powerful read.

  • Tiff Tiff

    This reminds me of saving for retirement. Despite my financial illiteracy, I’ve been able to take advantage of my employer’s 403 b program (which they match up to 3%) and have watched my account grow over the last two and a half years. I thought about stopping my contributions so that I can have a little bit of money back in my check, but I would just end up spending it on something I don’t need.

  • C.K.F.

    So while i see that this challenge is being done primarily by women I honestly think it’s great for anybody! So, I’ve decided to join my best friend and be her accountability partner. Let’s Get it!

  • Nicole

    To willingly take 10% of your earnings and set it aside to add to your savings for you and your family’s future. As you save, you will see increase .

  • Raquel S. Lettsome

    Because I am not working full-time I have not appreciated the value of the little money I do earn or receive. Before starting the challenge, I recommitted to the savings program that I learned from my pastor: 10% to God, 10% to you, live off 80%. I was faithful to the tithe but not the savings. Now I am saving a minimum of 10% of everything that comes to me. I have seen the tithe work for me. I am excited to see how the first Law of Gold will work…

  • Lon Donson

    Hello All! The first law of gold instructs us to “pay yourself first.” Before any bills or expenses are paid, we must deduct 10% and pay “ME, Inc!” This concept is critical and the earlier you learn and apply it, the more you’ll have. I did some calculations and if I am to save 10% of my net income over 26 pay periods, I will accumulate $4,802.22 at year end. Before joining this challenge I set a goal to save $5,000 from my employment income. This directly aligns with my goals for the year! I will do it, by any means necessary!

    • Raven

      Yes to “Pay Yourself First”! I first read that phrase in Robert Kiyosaki’s “Rich Dad, Poor Dad” and, to be honest, never had the discipline to stick with it (the same as when I read Ben Carson’s “Gifted Hands,” where he talks about saving 1/3 of your earnings). With this challenge and this law as the 3rd iteration of that concept, I have resolved to follow my savings plan through to the end.

    • I love that, “ME, Inc!” @lon_donson:disqus! Thanks for sharing.

  • Kendra Griffith

    By putting aside ten percent of your income you are building more wealth as that ten percent will continue gaining interest and wealth beyond what spending it would create.

  • Shanita Isaacs

    I read the paragraph and since I have time at work the whole story. I feel like its all actually advice I’ve been given before but never utilized or felt I was unable to. I’m definitely going to make sure I start now, I see no reason why I should continue to allow myself to not benefit from saving money I’ve earned.

  • Ntshoko

    Hello! I am younger(25 and still in the stages of establishing my life. I have many insightful and financially stable people around me. Reading ‘First law of Gold’ made me think of how often I hear save save SAVE. My take away from this passage is: When I save, and save consistently my savings will save me, my future and my family.

  • Jacqueline

    I think this is the key foundation for the financial work we have to do.. if and when we understand and then act on the knowledge of how important it is to save and invest at least 10% of all of the money that comes to us, that investment will continue to generate additional income well into our future. Using our money to make more money creates a foundation for financial abundance.


    Yes, I totally agree….this paragraph holds some very pertinent advice to securing financial success.

  • OyasDaughter

    What I gathered was to PAY YOURSELF FIRST. With that mindset and intention, you and the universe will rise to support your abundance.

  • S R Harrison

    While it is true that putting away a certain percentage will help you in the future, I think the real gem from “The First Law of Gold” isn’t the actual saving (though that helps) but its focus on long term goals and wealth. The paragraph speaks of saving for the future and for emergencies. The idea here is that true wealth takes planning. I am reminded that financial stability and growth will not happen overnight nor will it happen if I continue to think of my finances in the short- term. I must be conscious about how money is spent and always think of the long- term result of the spending. Personally, I plan to use to this to help cut back on spur of the moment purchases and short term decisions. For instance, if I buy this/ don’t pay this now, what part of my future will go un-financed? I tend to think in the “just this one time” format. As in, it’ll be ok just this once but in reality it’s never just this once and I always have consequences. That mindset makes me (sometimes literally) write a check my future self can’t cash. This paragraph reminds me to do better!!!!!!

    • Thanks for ALL of this @srharrison:disqus! Powerful takeaway and shift in perspective for you! Thanks for sharing!

  • marmar

    I learned that I’ve been overestimating just ow much I need to save. I can start with as little as 10% and that’s alright as long as I just keep saving. It’ll eventually turn into something and benefits me not only now but also in the future.

  • Lucinda

    God only requires us to tithe and pay ourselves a small amount 1/10 to not only to prosper the kingdom but also the our lives he has provided for us here on earth. We are not suppose to be in lack of anything but in abundance of everything. This is what I receive from the paragraph

    • Yes @Cyndig43:disqus! That’s why this challenge deals with savings and abundance!!!

  • Cecily

    I learn from the paragraph to be consistent with saving, not just saving sporadically. If I save consistently, I will attract more money which will allow me to increase my finances for the future.

  • Cici

    Ive learned that consistency is key no matter how much, or little you save. Consistency helps build habits, and by building a healthy habit of saving your wealth will start, and will continue to grow.

  • Tee

    Just as others have mentioned 90% is more than enough to take care of your needs and wants even. I started this journey well after payday and all I can afford was 10% of what was left in my bank account to be completely honest. I’m definitely applying this principle to my future saving.

  • Jahnese Alston

    Building my savings will build my wealth. 10% needs to be budgeted, and the rest should be budgeted around this 10%. This will be the foundation for my budget

  • Kacey-Marie Mullings

    The First Law of Gold points out the fact that putting aside money will attract more money. It also mentions what is the ideal amount to put aside and I think I will try to use that as a guide as to how much I save/invest going forward.

  • Tanya Gillie

    wow this 1st law of gold reading blows my mind. It explains why money comes slowly to me because I send it all. I will surely stuck to the goals I set on yesterday of saving so that gold can come to me more quickly. Thanks Tiff – this Rich man in Babylon book is huge but it seems to be a good read from the first to stories you have had us to read.

  • Abundant_Ericia

    The Law spoke directly to my spirit. To invest and believe in my financial myself. I deserve financial success. I can save money monthly, I can invest and prepare for long-term. The Law reassured me that I deserve to come from a place of abundance and release the mindset of lacking or never having enough; because I do have enough I have more than enough and I am always provided for by the universe. Ultimately to simply trust.

  • Casandra Marable Robinson

    This sounds like the money mantra to me. If I invest in and seek my financial greatness it will come to me. Every time I honor my savings plan it multiplies in abundance. Setting my one-tenth aside allows me options to expand my streams of income. The first law of gold is believing in my worth.

  • Lisa Antley

    Putting aside 10% may seem like a lot right now, but it will be well worth it when the money multiplies and grows consistently for the greater good. This truth can also be found in the Bible.

    • Yes, truth! That’s why I love this book – it helps shift our mindset to our future living too. Thanks for sharing @lisaantley:disqus!

  • Lauren Wilson

    I have a question…do you all think that this 10 is in addition to tithing?

    • It’s of personal preference, not everyone tithes – so I think personalizing the principle to your beliefs is great. Thanks for sharing @disqus_Cn99pKHR0o:disqus!

      • Lauren Wilson

        Thanks for the feedback. I was just wondering for those that do tithe…is the reading suggesting an additional 10 above tithing. But I guess it’s based on our own perceptions.

  • felicia

    Paying yourself is just as important as paying everyone else for the things you need. My future is something that I need to invest in. Thanks Tiffany for recommending this read!

    • You’re most welcome @disqus_MxVczZquYS:disqus! I’m glad you enjoyed today’s reading task! Thanks for sharing!

  • LaTonya Wesley Ward

    Downloaded the book and will read it in its entirety…the take away from the paragraph was to pay yourself first at least 10% of your earnings and watch it grow (don’t spend it)…that is a way to secure a future for you and your family.

    • That “don’t spend it” is a process but is worth securing a future for you and your family! Thanks for sharing your take away @latonyawesleyward:disqus!

  • Keshia Bass

    I have to agree with@dollars4dee and the others that have posted. Everyone has explained the passage very well, which has left me little to nothing new to input. I didn’t want to be redundant, but I had to make a post to keep me focused on what my plans are. Therefore, the 10% that the first law speaks of will bring forth an abundance of gold (money) that will far exceed the 10% put aside. Being diligent and conscious to do so will without question provide a cushion for my future.

    • Diligence is important @keshiabass:disqus! Thanks for sharing!

  • Sylvia235

    After reading the First Law of Gold, I learned a principal that coincides with tithing. As a child, I learned that giving 10% of my earnings to God was principal. On the contrary, I did not adapt this principal towards my own savings. I have to condition my mind to live off 80%. This is something that isn’t hard to do if I am determined. The more I save, the more I gain. The more I gain, the more my family will have. It is a win-win outcome that I can live with. Preparing for retirement is doing just this. It will provide me the peace of mind to know that all of my needs and those of my children will be met…exceedingly, abundantly, above all I could ask or think.

  • Kisha

    Reflecting on the paragraph ” The 1st Law of Gold’ it just says to essentially pay yourself first and invest. The 10% that you pay to yourself and if invested wisely will continue to grow. Over time this will increase your savings and move you out of your current financial crisis to a better financial situation, and also by doing this you are no longer thinking with a poverty mindset, but instead thinking financial freedom, financial growth.

  • Chunteau

    It made me realize that saving can be done by just making an effort, developing a plan and sticking to it. Saving a little now will go along way in the future.

    • Saving matters and it will add up, @Chunteau! Thanks for sharing, today!

  • Sabrina Love

    I never really thought of it as paying myself. If I think of it that way, then it should be easier to save no less than 10% of my earnings, right? Yes! I can do this. I am going to actively set aside money and make it work for me.

    • Absolutely, you can do this @disqus_VoqPWV6meQ:disqus! I love this book because it opens up our perspective about how we relate to, see & manage our money!

  • K Elliott

    Hello everyone, what I got from the paragraph is that we must be consistently saving no less than 10% of our earnings towards our family’s future. Never know when a situation may come about and we need the money. The more we put into it/towards it the more it will grow and increase. It also can be applied to tithing in church. Just like planting a seed, if you don’t take time with it/water it it will never grow. Stop looking at saving as a hassle, “can’t do it”, “don’t have enough money to do it” and etc change mind set. Look at it as it is for a greater cause your future, your family future and financial freedom.

    • YES, we want a shift in our mindset @disqus_vsJOhLiaVg:disqus! Thanks for sharing.

  • Shorna

    My take away from today’s reading means savings a little today for it will eventually bountiful in the future. I will apply it by saving as much as I am able to although it may not be the amount I would like.

    • We have to start somewhere and whatever amount you can – do that, because it will add up! Thank you for sharing @disqus_D3gEldbuiZ:disqus!

  • Nichelle

    My take is this: Gold (extra income, wealth, basically any financial increase) will come to whoever puts aside at least a tenth of their earnings for the future. And the experience through which it comes will be pleasurable and probably result in an even more rewarding feeling because you can accept it with the satisfaction of knowing that you have already responsibly set aside a portion to save for you and your family.

    • Thanks for sharing great insight @disqus_DXQ0L9YkDv:disqus!

  • Taneisha Ishaya

    As stated from others. I automatically thought of tithes in reference to 10%. I will say since I started paying tithes I have no have any issues paying my bills unlke when i wasn’t. i am also just learning to save without dipping in. The paragraph taught me that a little penny counts.

    • Thank you for sharing @taneishaishaya:disqus, a little penny counts and continues to grow when we leave them with other pennies!

  • Kim

    I already save 10% percent of my yearly income. I feel where I am lacking is in the giving department. You have to give to receive and I do want to focus more on giving to charity.

    • That’s a great goal @disqus_vgAPmUfth3:disqus! Thanks for sharing!

  • Virginia Johnson

    I have always treated my savings as backup cash, which is why my savings dwindle just weeks after depositing money in it. But I must save money & put it to work for me, have a goal for it. I must be consistent & start out at least a minimum of 10% & not touch it.

    Earlier this evening I thought my ipad had finally died (its been freezing up & sticking for weeks), couldnt get it on at all & I knew it was fully charged. My 1st thought was, I have to dip into savings to fix or replace it. But my 2nd & last thought was NO, I still have my laptop & the ipad will just have to go on the “budget for it list”. But glory to God an hour later it came back up. But now I have a plan in place for when it does finally go. Thanks to the Budgetnista & this group, I can feel a mind change starting already.

    • Yes we all have to start somewhere @disqus_Kyj3yDI3LJ:disqus! I’m glad your mindset is being shifted on Day 2! Let’s live richer!

  • Shay Ware

    What an interesting read! At this time it doesn’t “appear” feasible for me to put back 10% of my income for the future or investment. However I am going to put back a specific amount until I am able! Putting Works to my Faith!

    • YES @shayware:disqus, you MUST start somewhere! Put that work in! Thanks for sharing!

  • Tomeca

    I will foster a savings attitude by getting in the habit of saving to invest in greater riches of life or for “emergencies”.

    • Our attitude towards money, matters @Tomeca! Thanks for sharing!

  • Jasmine Williams

    Like some individuals have stated, this reminds me of tithing which I do consistently. I am at a point where I am more consistent with putting money into my savings but it’s not 10%. For some reason I hesitate to put that amount into my savings… Maybe because a part of me wants to spend it.

    • @disqus_SFOG5dPvDV:disqus, thanks for sharing! Prioritize and keep your financial goals as important for you to accomplish. Consider finding/getting an accountability partner.

  • Shante

    My take from the paragraph is that if consistently pay oneself, you’ll better yourself and others

    • Yes, @Shante! Consistency grows things. Thank you for sharing!

  • Johnetta

    My take away from the paragragh is that you are going to make mistakes in life but you must learn from them and do better.

  • T

    My first thought was tithes. Giving the first 10% to God, but I also thought about my desire to leave a legacy for generations to come. Financial awareness, stability, and freedom!

    • “Financial awareness, stability and freedom!” – YES, to this @T!

  • Oneika Sewell

    Good evening, I think the information in this paragraph is very true. Like attracts like. I started saving 10% of my salary a year ago and this past Summer I upped it by the 1% cost of living ‘raise’ I received. My current earnings are definitely tight but not unmanageable and I know the investment in my future will be worth it.

    • Your future is definitely worth the investment @oneikasewell:disqus!

      • Oneika Sewell

        Thank you Tiffany. I already have an online only savings account, more like a weekly withdrawal where the amount deducted from my checking increases.

  • Shirl

    My take away is that 10% of your money invested wisely will grow bountifully and brings wealth. It’s such a small amount and while it is in the grand scheme of things it’s such an important factor in creating a secure financial future. No-one’s saying save 90, 80, or some other large percentage of your money. 10%! That’s all. It can be done!

    • We all need a secure financial future @Shirl & it most certainly can be done! Thanks for sharing!

  • Nadege Waithe

    While reading, the idea of tithing to one’s self popped in my head. Once I do my normal tithing, I should pay myself in the form of savings each month and watch it grow.

    • @nadegewaithe:disqus, Yup, watch it grow! Thanks for sharing!

  • Natasha Roberts

    When I read this paragraph the two things that came to mind was tithing and paying myself. one of my goals written down for this year is to tithe 10% save 10% invest 10%. You are sewing a great seed that you will see a great reward on. For me to accomplish this I know it will take sacrifice but I have to remind myself of the great reward in the end.

    • There is a great reward in taking care of your future, for YOU @disqus_hu6wAAnI5m:disqus!

  • Jessica Inniss Brooks

    My take away from this reading is the importance in being a consistent saver and how it takes time and patience but we will eventually meet our goals as long as we are consistent and work hard at it

    • Consistency matters @jessicainnissbrooks:disqus! Thanks for sharing!!!

  • Michelle

    My take away initially related it to tithing as well. We often think that we don’t have enough discretionary income to save, however if we cut back on a few luxuries putting a little money away today can add up to a nice savings.

  • Tiffany Smith

    After reading “The First Law of Gold” I understand that a secure amount of finances will protect me and my family so that we have a safety net. Because of this I will definitely work harder to reach my savings goals. I don’t want to wait til retirement age to enjoy life with my family and be financially free.

    • Starting now is a great time to start @disqus_QOpG2PcVIp:disqus! Thanks for sharing!

  • Cassandra Newton

    I learned to always allocate atleast 10% of your pay to yourself, not for bills. Invest in yourself. Also, invest your money so that it will continue to grow for you, making you more money.

    • Thanks for sharing your take away from today’s reading @cassandranewton:disqus!

  • QueenTakiyah Nur Amin

    The paragraph reminded me of my grandmother. She saved coins — literally coins — and I went to college on that money. I don’t think the deposits she made were ever more than $1.75 at a time but she was consistent. She used to say “what you have is not nearly as important as knowing that it’s what you do with what you’ve got that really, really counts.” I don’t have a lot of money but I know what consistency does — wealth is built slowly and over time. I want to be wealthy and leave a legacy not rich and leaving bills!

    • I LOVE this @queentakiyahnuramin:disqus! Thank you for sharing; money management is critical.

  • happytobeme2015

    This reading reminds of the scripture Proverbs 13:22-A good man leaves an inheritance to his children’s children….We we are working on our “financial manifestation” as my sister calls it, when don’t need to just worry about the present but the future as well and not just 5 years but years beyond. One has to make their money work for them-saving, investing and giving are key points in creating an estate for his/her future.

    • Thanks for sharing @happytobeme2015! It is about years beyond 5 years from now.

  • Gnista

    I have heard this time and time again but this year I plan to listen and apply it with the help of this challenge.

    • Application is key @Gnista! Thanks for sharing, I hope the challenge helps you do just that!

  • Ash

    My major takeaway is that I need to CONSISTENTLY set aside 10% of my income. Even if the amount is small (a) it’s more than what I had before and (b) over time it will grow into a sizable amount. It also made me think of “like attracts like” in this case money attracts money. So, the more wealth I accumulate, the more wealth I will attract.

    • Thanks for sharing your take away(s) @disqus_SLghO6jd2q:disqus! Consistency is key!

  • Veronica Benson

    After reading this I realize that my whole mindset and perspective about money needs a complete overall! Before starting this challenge, I’ve always thought “I earned it, I can spend it”! But after reading, I see that I should be investing my money into something; not just spending it on things!

    • @disqus_eNWJhT0iUs:disqus, thanks for sharing! I’m glad that you are thinking differently as a result of completing today’s task!

  • Rachelle Herrera

    This does put me in a saving mindset. I equate this to putting away 10% of my income immediately.

    • I’m glad this centers your saving mindset @rachelleherrera:disqus!

  • Marissa Jordan

    My takeaway is to pay myself first every time I get paid by putting 10% away into savings and not touching it!

  • Stacey Smith

    I think the sum of it all is that the act of saving creates the mentality of wealth; when you save you are telling the universe you are worth having money. There is something really spiritual about putting money aside. The key line is, “The more gold I accumulate, the more readily it comes to me and in increased quantities.”

    Regardless of how much you put aside, you have to know and believe you have more than enough money to live comfortably. If you tell yourself, I need just enough money to pay your bills, that is all you will ever have no matter how much money you make.

    I will say out loud as I put money in my savings, I am worthy and I am rich beyond my wildest dreams…even when its a penny. lol I will put aside money each week without touching it, allowing it grow.

    • I love the concept of “the mentality of wealth”, thank you for sharing your take away @disqus_vB967acV5g:disqus!

  • Cara Santiago

    It reminds me of the model my church go by that I have indoctrinated. 10% to God as tithing 10% to pay myself as in savings and live off 80%. However I have enjoyed savings so much I have reduced my expenses by saving 20%. My next goal is to invest it in myself to watch it grow.

    • Great goals @MaCaraSantiago:disqus! Thanks for sharing your take away!

  • Channoah

    This I must say is an awesome read!!!! I have to say that I haven’t been doing this! I don’t pay myself from my earnings. While I’m paying the creditors and others I’m not paying myself. Smh. My take away from this is I at least need to pay myself 10% of my earnings each time I get paid and make my money work for me to continually grow!!!! Great tip and great read! I will be reading the entire book! Thanks for sharing this book really spoke to me!!!

    • I’m glad you enjoyed the reading for today @Channoah! Start from where you are!

  • Thanks for sharing @Tiffany Morrison!

  • Blynne Roberts

    My take away from this law is consistency. Consistent saving yields consistent results for the present and future. Also, the 10% (tithe) was also very evident in his writings.

    • I LOVE “consistent results”! Thanks for sharing @blynneroberts:disqus!

  • Cinda

    My takeaway is being financially responsible pays off in a multiplicity of ways.

  • bckday2day

    Good Night, My take away from the sentence was putting away 10% each payday will increase over time. Tithing 10% to God is thanking God for what we are blessed with already. This also builds a trust between you and your family that say I am thinking about All of our future and this is why I must Sacrifice this 10%. A small amount that we will not really miss. 10% is a drop in the bucket. A fast food meal for lunch or dinner without using a coupon.

    • Thanks for sharing your take away @bckday2day:disqus!

      • bckday2day

        You are welcome. 🙂

  • Wi J

    My take away from this is that. With all the information that is provided to us during the challenge. I want to use it wisely and to my advantage. All that information is gold and what are we doing now. How we use is will determine your saving mindset therefore used it wisely

  • Melissa

    My take away:

    I really couldn’t help but read all of the laws of gold and all I can say is wow!!! My dad has always told me I should strive to save at least 10% of my check every pay to build a savings account and it always went to something else!! I truly wished I listened but it no time than now right? After reading the first law and the other four 10% seems like nothing especially if it will attract more money and multiply!!! I am definitely going to try to save 10% of each pay into an online bank like Capital One 360 or Ally.

    Do anyone have any suggestions on online banks?

    • Great @disqus_tNEJLuuKDv:disqus! Try to compare banks! I use Ally and have heard good things about Capital One 360!

      • Melissa

        Thanks for the website! I have Ally for my car loan and I don’t like them so much :/ so I wasn’t sure but their interest rate is better than Capital one.

  • Sharon Campbell

    My take away from this story is the importance of saving and investing for your future in order to achieve financial stability and growth. This story came at the right time in my life, as I am a small business owner and while I was feeling happy with the idea of not having to pay myself for the first two years. I am now able to see that is not a wise thing to do. In reality whatever profit I make I should pay myself 1/10 or even more. (Whether I work for an employer or self employed). When I pay myself I should do my research and see how I can invest some of this money in a venture that will yield revenue but involves a stable risk. Can’t be too risky and loose it all. Another important take away was “ It’s never easy to start over but hey you know what if you have to start over you should but pay attention and learn from your prior mistakes.”( Like spending lavishly on materialistic items, or just being carefree because you have it to spend). While I am focusing on paying myself it is not a short-term saving goal, this 1/10 should be long term.( How can I empower the next generation in my family to start at an earlier age so that they can have financially stability and growth.) When I leave my riches behind will they handle it wisely or spend it recklessly. So not only have I learned that I must “ Pay myself” but I must share this knowledge so my offspring can benefit and even my friends. There is nothing better than having some old money around and watching it grow……..

  • Shenika Mays

    My take away is the concept ” Thinking with the end in mind .” I want to save today so I can better prepared for the future. My “end” is buying a house , paying off my student loans and traveling across the country w/ my family. I also need to practice control in terms of not touching the money once I put it in the bank . I’m so ready to start saving 10% of my income

  • LaToya Campbell

    My take from this law is: as your earn yes you must pay bills but pay yourself as well. If you pay yourself say 5-10% consistently you will reap your benefits of your labor. We are the most important bill there is any remember it’s for a greater purpose than what we know of now. I started saving 10% and $100 bi-weekly in two different accounts. One is savings the other is for longevity

  • Shaquita

    Wow this is very deep, I really enjoyed the part of why do you pay the garment maker before you pay yourself. I am a shopaholic and I often buy things that I do not need. This thought will help me to pay myself first, before I pay for some item that I do not need.

  • Dwayne Evans

    My take away from the first law are to important facts:
    1. Giving to God, when the verse spoke of one-tenth, it reminded me of the tithing blessing (Malachi 3:10)
    At that time it was livestock harvest or wealth of some sort, and it was put up in the storehouse as increase for future use(to me that’s a Spiritual increasing blessing.
    2. And l must also focus on investing a tenth into myself and my family for futrure increase and the abundance of residual incomes long after I’m gone through consistency and wise advice and to ensure that l pass those principles on to them as well.

  • Regina

    Pay myself first. In 2015, I focused solely on paying off debt. This year, I intend to use one of my interest-bearing accounts to add 10% of my earnings from my business before I use them for overhead and income.

  • Regina

    Pay myself first. In 2015, I focused solely on paying off debt. This year, I intend to use one of my interest-bearing accounts strictly for savings and to add 10% of my earnings from my business before I use them for overhead and spending.

  • Olawunmi

    The take away for me is realizing that I don’t need a lot of money to begin saving a small amount. I usually like to put away at least $100 at a time and since I haven’t been able to do that in the past few months, I haven’t saved at all. This wasn’t the smartest decision and I am now realizing I can save in small increments and the more I save now the more I’ll have for the future.

  • Nia

    Today’s reading really resonated with me! Until recently, I had always struggled with a poverty/lack mentality. This group and this challenge is making me assess some thangs!
    The reading reminded me of the Parable of the Talents (Matthew 25: 14-30). I won’t preach, but here are a few highlights:
    1) the boss was going on a trip and left his workers with money BASED ON THEIR ABILITY to maintain it
    2) the one who had received 5 talents increased it by 5 more; the one who’d received 2 talents increased it by 2; the one who’d received 1 buried it and had no increase
    3) The master came back from his trip and said to those who had made a return on their investments, “Well done, you upright (honorable, admirable) and faithful servant! You have been faithful and trustworthy over a little; I will put you in charge of much. Enter into and share the joy (the delight, the blessedness) WHICH YOUR MASTER ENJOYS.
    Both today’s reading and this parable teach us that we have the power, choice, and ability to increase everything that our hands touch! I wanna be like man #1 who just KNEW that he could grow his money! I want the Creator to trust that I can handle abundance. Shoot, I want to trust that I can handle abundance!
    As I go through this Live Richer Challenge, I’m reminding myself to be bold and wise as I save/invest in my future. It’s challenging now, but with difficulty comes ease.
    Phew! Thanks for listening!

  • Suze

    In the past 6 years I have been paying my tithe every 2 weeks and I do the same with my credit union, at the end of the year you would be surprise of how much I save. That’s not even it, I have been broke (meaning all my bills are paid on time and there is always food in my fridge), I have moments that I have no money, but i am not broke. I think this law goes even deeper for me, one the very beginning (LAW I) because I see how much the 10% does for me with both blessings and the amount I got to save I never stop. So with that being said, by putting 10% away you can only see an increase never a decrease.

  • Tomisha

    The take away that I received from the passage is that “a little can go a long way.” If I just start with 10%, that can/will multiply more than I can imagine. It makes me think about how we are suppose to give God our first fruits. All he asks for is 10%. Every time I do tithe, I witness God at work. He wants us to be smart about what he gives us and to use it wisely, so why not invest in yourself.

  • Maria

    My take on the Law is that I should put 10% of my earnings away for future growth just as I give 10% of my earnings to the church for future growth. I can have better and do better if I can wait instead of getting everything I want today. I can live like no other today so I can live like no other in the future. (Dave Ramsey)

  • Vanessa Anthony Holloman

    I relate this paragraph to tithing also. I didn’t always tithe on the regular because I felt that I was going to miss that portion to only find out I’m also missing my blessings! I end up using it on something i know I did not have to have. So, this year I pray for consistency on both 10% tithes and between 5-10% savings.

  • Chaun

    My takeaway on this is the importance of giving (I.e. Tithing) at least 10%. I feel the blessings and abundance will flow if I trust God with my finances.

  • Misty Givens

    To me, this relates to tithing your 10%! During offering this past Sunday the pastor ask the congregation if there were any farmers in the house! In order to reap a harvest [gold], you have to sow a seed [tithe]! I will apply this law to my life by continuing to trust in the Lord and supply my tithes to Him, as well as provide a seed to myself as an untouchable reward for my crop harvesting! 😉

  • Kimberly

    When I first read it I immediately thought about giving 10% in church every pay period and how I had set that goal for myself recently (and have maintained it yay!) I have to be honest with my current situation, I am not sure how I will be able to do this. This is a goal of mine as far as increasing my savings account….I’m just not sure if I can do at at this time. And I worry about failing. BUT…..I am going to push forward and try even if I have to work my way up to 10%….maybe I can make that one of my savings goal!?

  • Heather Gray

    The first thing I can relate this to is tithing. Which I do believe in the principle. From this I take away, somehow and someway, I need to be saving 10% of my income strictly for my future Old Lady. Luckily I already do just that. In order to make this challenge worthy I will increase that number to 17%. Why 17? Well, a part of me doesn’t want to shock my budget too prematurely by making it 20%, and 7 is my favorite number.

  • Schivon Braswell

    The First Law of Gold can be summarized into three points: 1) The main purpose of saving is to provide a legacy for your off-spring 2) At the bare minimum, you should save 10% of your earnings 3) Like some law of attraction, the more money you save the more money will flow to you.

  • Lacora Shepherd

    Real eye opener for this one. I’ll be using that online acct I’ll be string up TODAY with Ally for that 10% to be taken out every pay period!!

  • Myra Davenport

    After reading this, my take away is, I should start saving NOW regardless of my situation. If I begin to save at least 10% , all of my other NEEDS will fall into place. Very similar to tithing, when you trust God and offer up your 10% he will supply all your NEEDS. The first step is to remove the doubt. WOW!

  • B.K.

    I believe this is saying to tithe your 10% as well as save at least 10% before paying all bills/expenses. As you are obedient, you will see increase and not be such a burden to you mentally like when first starting.

  • Shunnell TwinMommiebear Lewis

    I take away from this law, I am building a better future for my family and I if I just invest 10% of my income. It’s about discipline and changing my thought patterns about not being able to save. I believe if I do my part, God will make provisions. BOOM!

  • Shaunte

    My take away from this is the importance of tithing and the blessings that come from doing so. Taking 10% of your money and having faith in the increase of that investment.

  • Nature Parker

    My take away from this is the following :

    -fail to plan, plan to fail

    -you must save in order to create abundance

    – establishing a routine is paramount

    – The shifting of my financial attitude is order for things to change it he to be ok with being uncomfortable

    Blessings to all !!!!!!

  • Kimberlee Blocker

    I’m late! However, I agree with much of what the other women are saying. If I get into the mindset of saving at least 10%, which doesn’t sound like much, I am still saving. It would also be wise to learn about investing so that money is returned back to me. I’m sure that’s for another day. Baby steps!

  • KLS

    I’ve heard about putting aside 10% of my income into savings. I did for a while and would stop when I needed the money for something. I think making this a lifestyle would make a difference. I will implement this immediately.

  • Marleana Henry

    that was a motivational read my takeaway from it was that you got to pay yourself first which is true we’re working to pay all these bills and we forget to pay ourselves so that was a great take away I also took away that it’s easy to get into the mindset of this is hard and I can’t do it this week but that’s what got us where we are now so if we just keep on with it theres no reason it shouldn’t work. I’m excited for this journey

  • Heavy Hips

    I took away that I have to pay myself first at least 10% to save and let it compound so that I can have something to leave to my children.

  • Janay Jones

    In order to increase my money magnetism, I MUST become a better steward of money. Money operates in cycles. You give you get. It will take discipline to *italics give* to my future, but the rewards I will get are far greater than the money saved. The peace of mind and sense of accomplishment will send my money confidence through the roof. I’m READY!!!

  • LaKeali

    I’m late but what I got from the message is the importance of saving 10% of my earnings just in case of an emergency. I’ve always had this fear that I wouldn’t have the money readily available for bills (living paycheck to paycheck), and it still scares me that I won’t have the money I need but it’s a shift in my thinking that needs to take place. I’m willing and ready to do so! Living paycheck to paycheck was a mentality my husband and I were handed down from our mothers.

  • Zuri

    I gathered that putting aside no less that ten percent will not only help you save but accumulate wealth!

  • Shekita Johnson

    Taking away from this excerpt is similar to the act of tithing but not only in the church but in the form of a similar account separate from main accounts. Investing in God through tithes is a form of investing in the prosperity of wealth that you shall receive regardless of the unforeseen money that may not be there yet! I have tithed more and I believe that I did see a valuable increase in money and personal endeavors.

  • Excellent reading & something I was told many years ago, but didn’t implement. It stings to think of how much I could have saved by now, but better late than never. Thanks for the reminder!

  • Tee To’Tha Shoy

    I really enjoyed this read… What spoke out to me the most from the character was when he said the greatest lesson learned was looking out for yourself.. The 5 laws are an eye opener and true. What I will apply now is “think before you spend” before I let MY money leave my hands how will it benefit me??? It seems like it has a law of attraction of some sort… Manage money, invest it it’ll come back… Spend it without wisdom you’ll be broke lol

  • Shay0120

    So I guess along with my 2016 goal of paying my 10% church tithes every payday (sometimes things are tight and I would only give in offering, but that’s my fault of being irresponsible with my money-2015) I will also be deducting 10% to save for me and my family. The 20% can be done if I stay on course with budgeting and paying down debt.

  • Lakesha Lee

    10% of every increase to be saved…I can do that!!! #livericher …lol, that was easy!

  • Denisha Willis

    Putting the 10% away every pay period seem like something I can hold myself accountable to .. it’s like first my tithes and then myself

  • Ayeisha

    My take away is to consistently pay yourself 10% first, invest it and it will grow. Doing this will help you attract more money into your life.

  • LaBrenda Breezy Slayton

    My take away from this was to pay yourself a tenth to set aside for yourself and family. Also, having faith that the money that you will continually receive money even after what you set aside. You will not lack.

  • Tara

    This one paragraph has changed my perception of saving. Instead of saving by lump sum, it encouraged me to save little by little. Before I know it my account balance will be more than expected. Very inspirational!

  • Maggie Webb Meyer

    I have heard the 10% before, but I always feel like “Oh that’s not much. I’m going to save 25%!” I move it immediately after I get my paycheck…and then transfer it back as I need or want it. Instead of saving a small portion and watching it grow, I move twice what I comfortably can and then keeping moving it back and forth. I’m going to move 10% where I can’t see it and then set up a reminder in my calendar to look at the account in 2 months.

  • Britney


  • Michelle Ashe

    Quick and good read. It reminds me of tithing at church. How much more should I “tithe” for my family and ensure financial freedom. I dont want my children to struggle like this. I hope to be able to teach them a new mindset as well!

  • Dev Lynne Disguise

    I need an accountability partner. 🙂

    • LA Artist

      Well, Dev, you got the group! 🙂 If you need an individual, I’m down to be your accountability partner.

  • Tonya

    The first thing that came to mind when I read the law was the idea of tithing. It is only 10% of my income…and I have never run out of “gold” when following this principle. Digging even deeper, I believe that I can also save a minimum of 10% of my earnings each month. It flows directly into my savings goals that I developed on day 1.

  • November

    Hola! A bit late…very moved by this required reading. It is comforting to know (and actively believe) that consistency in saving will prepare me and my family in times of “darkness” – which I interpret as any financial challenge that I may find myself in. This challenge becomes less intimidating or fear/stress-inducing when I know I have “gold” securely put away.

    I feel very empowered. I wish I would have encouraged my daughter (age 20) to join me on this path, but I guess I have to do it first and be an example.

    Ciao! xo!

  • November

    Hola! A bit late…very moved by this required reading. It is comforting to know (and actively believe) that consistency in saving will prepare me and my family in times of “darkness” – which I interpret as any financial challenge that I may find myself in. This challenge becomes less intimidating or fear/stress-inducing when I know I have “gold” securely put away.

    I feel very empowered. I wish I would have encouraged my daughter (age 20) to join me on this path, but I guess I have to do it first and be an example.

    Ciao! xo!

  • LA Artist

    I too am a day late, but NOT a dollar short! Ha!

    As with anything, the consistency of small steps results in big changes. I feel at peace knowing I will be prepared financially.

  • Teresa Gogetyourblessing Tolso

    Reading this got me to thinking that instead of putting 50.00 every two weeks in my 360 account I will see greater results by putting 10% in this account. I call this my vacation slush fund.

  • Charmaine Glover

    This is a challenge but right now I am up for anything.

  • Marecca ItsmySeason Snowden

    I’m a little late but I took away the practice of first things first. Just like taxes are taken away before I get my money, so must my investment in me because my money has the ability to make money for me but first need to have the money for it to become residual.

  • Akiba Thomas

    My take away is to pay myself first and put it in an account. For me I have to change the mindset of paying all my bills first before I save

  • Muslimaa Musawwir

    I gathered the importance of changing my midset so that it becomes a habit to save 10% of my earnings thus putting me at ease.

  • Shirley

    My take away from this law is to live on less than I earn, have a mentor that has reached the goal that I am seeking, and to make my money work for me. Also, to respect the wisdom of those who are older and have walked out the process.

  • Nina

    My understanding of The First Law of Gold is that 10% savings is the seed that gets planted consistently to create exponential growth. It becomes a nest egg which will grow with the proper care through investments. It becomes the foundation to create financial security for oneself and which legacies are left for ones family.

  • Vernessie Joseph Burbank

    What i gained from the reading is that right off the top I am to save one-tenth of my earnings

  • R Walker

    LRC – Savings Edition

    Week 1 – Day 2

    “The First Law of Gold”

    MY TAKE:

    Save ten percent of your earnings and add to it at every
    opportunity. You will reap an increase if you will invest no less than ten percent
    of your earnings wisely. Keep in mind that you are saving for your future and
    the future of your family so be sure to invest wisely so that you will profit
    without endangering your investment.


    More importantly, give your ten percent to God as you can do
    more with a BLESSED ninety percent than you can with a CURSED one hundred

  • Tamara McCants

    I also thought of tithing but my takeaway from this is to consistently pay yourself. No matter how much you make. It will add up. Consistency is the key.
    I will achieve this by taking out 20% of whatever I earn. I definitely have to pay God first and then myself second.

  • Tonya

    OMG! Loved the short story. It was just want I need to deliver my mindset on saving again no matter how deep I have become in debt. I don’t have an enormous amount of debt but debt is debt and it’s hard to climb out of it. This story motivated me to jump back in the race and OBEY the Law of Gold and sacrifice what I want to do for what I need to do. Obedience is better than sacrifice. I will stay on track with giving my tithes, offering and seeding into the Kingdom of God, I will save my one-tenth or more without trying to save too much. I will use my rewards cards for savings and the money I save I will put that aside for a what if day (a day I feel like I can reward myself with something). I will continue to seek advice from my Dad which I to me is the most keen person I know that can manage money and save, save, save no matter what his earnings are and counsel with my spiritual mentor that owns his business. I have not really found a way to make money off my money but who says you have to come up with all the answers in one day. But I do plan to invest more with reliable and trusting stocks and where it pays dividends (bank accounts included that earn interest), and start my own Life Coaching business. My most valuable lesson is to not loan money to unreliable people if it isn’t my mother or sister NO CAN DO.

  • Carletta Hill

    From reading and reflecting on this 1st Law of Gold I realized that I need to follow through with saving what I set in mind to put away. The tenth is so small and I can at least take that if nothing else. This continued and faithful savings will multiply if I stick to it.

  • Dominique Devereaux

    Save 10% of my earnings. I save, but I am not sure if I am saving 10%. I will go back and calculate what I am saving. I work a lot of OT. Should I calculate my regular salary or my OT salary included?

  • Royal Queenmother Brown

    Sorry I’m a little behind but taking time today to catch up. Anyhow, I was almost to tears because looking back over my life I can see how often I failed to adhere to the instructions of those who were wise around me and squandered my earnings. I love to give and that’s where most of my earnings have gone over the years. I’m nor a shopper but helping others is my weakness and eating out because I can’t cook very well. However, I am inspired to tap into to the wisdom of my richer friends and regain what I may have lost. My heart is to follow the word of God and leave an inheritance fir my children’s children. My faith is in tithing and I am presently teaching a class on Kingdom Prosperity. I know that everything I am learning from God and through this challenge and group I will be back on top of my pursuit to Living Richer! Thanks Tiffany and all of my fellow Dream Catchers for sharing your wisdom with me! Blessings of success to you all… and peace

  • Keisha Booth

    I’m already saving 10% of my pay, but will increase my savings by saving 10% of my daily pocket change.

  • Deborah

    my take on this paragraph is make a plan and stick with it

  • Shaniqua Diamond Renee

    I’m a few days late with my challenge tasks but I’m catching up. This story definitely made me think of tithing and how much I need to jump back on track with staying consistent. I’m praying for a better mindset for 2016 and to stay 100% dedicated to my new savings journey. Thank you for guiding me. I’m am so grateful.

  • EmaLee

    I was raised to tithe and for the longest time I was doing it! then as an adult I sorta stopped, would do it every once in awhile but I remember the blessings and the excitement I had when I did save. The past year has been a ton of change and transformation for me. GETTING BACK TO BASICS. This is basic, easy and helpful! So excited that this is day 2’s assignment! Even though I’m a few days behind I’m still committed and excited for this journey! 10% it is!

  • Tish Tzion

    My thoughts: It’s basically like a tithe/ 1/10th rule but instead of giving it away, I invest it wisely. I like that!

  • NJT

    Currently 4% of my earnings automatically go to my 401k. I will increase this by 1/2% yearly. I will start saving 10% of my net income monthly (5% in an online savings account and 5% in a joint savings account I have with my husband at a traditional bank).

  • Nicole Andrus

    I give 10% of my earnings to God consistently; why am I not doing the same for myself. I will sacrifice whatever I have to in order to be obedient to God and pay tithes, but tell myself I am to broke to do the same for myself. My take away is that If I invest in myself and then invest that, I will not have to worry about being to broke to save.

  • Lee

    This was a great read. It put a lot of things into perspective for me. First and always first you must pay yourself. Once you set that money seed, and continue to water it(continuosly adding to it) it will grow. Secondly, seek knowledge from its main source.. Be it from reading/researching or from a professional and use it wisely. Thirdly…. Share your wealth by sharing your knowledge!

  • Brenda Booker

    i enjoyed reading the first law of gold. What I gather from this is that I must respect money. I must save the 10% in order to obtain wealth. I will use this law to stay focused on my goal to retire and not have to go back to work as a Greeter at a department store. I want that to be a choice not a necessity. I like what I have read thus far.

  • Tanya W

    This is basically the same as tithing….which I already do….so now I will just apply that principle to saving in general….also to do so gladly….God loves a cheerful giver, and I am sure a cheerful saver as well!!

  • Kristin Edwards

    I apologize for being “tardy to the party.” Here are my thoughts on “The First Law of Gold.” 🙂

    Initially my thought about this reading is that in order to activate
    this law in your life you have to first shift your thinking from one of lack to
    one of sufficiency. I purposefully didn’t use the word abundance because it is
    a big leap to go from a “I don’t have enough” mindset to a “I have MORE than
    enough” thought-process. However, to shift your thinking from “I don’t have enough” to “I DO have enough” feels a lot more realistic and natural.

    And what that looks like, is changing the thought of “I don’t make
    enough money to save anything” or “there isn’t any money left to save” – to “I
    do make enough money to save” and “there is money that I can put away.”

    It’s shifting from I can’t to I can, I don’t have to I do have. It’s a shift from lack to sufficiency.

    2 Corinthians 12:9 ~ But he said to me, “My grace is sufficient for you, for my power is made perfect in weakness.”

    And a part of that is knowing what your “enough” is. I may only be able to save $10 a month but that is enough. It’s not about how much you save, it is the mere ACT of saving that activates this law. We have to accept that “our enough” is

    AND this exercise prompted me to take real look at how I was spending my money and through using the online dashboard tools my bank provides I realized that I have been paying an average of $300-$350 a month in overdraft fees for the last two years! AMAZING!!! SMH…It’s not that there isn’t enough, I just need to address HOW I am managing what I DO have!!!

    Thank you, thank you, thank you for this challenge!! <3

  • Joy Paige

    My take from this law is saving first is so important. I believe saving 10% of my paycheck every pay period is a great start.

  • Bettina Vance-Johnson

    Take away: mind change…saving is a necessity not a past time; a way of life; a requirement; I have always reiterated that my salary did not support savings but my survival ‘requires’ saving. (catching up)

  • Britnee Hollis

    To me, this reading put a number to what I’m trying to save. A lot of times it’s hard to save because since my money (dollar amount) changes from week to week, it’s hard to determine how much I can put aside and not spend. By breaking it down to 10% just like the tithes, I can look at saving as a more realistic goal and therefore budget myself accordingly.

  • Michelle M

    I take from the first law of gold that saving just a portion on your income can grow over time and be useful when you need it. Even on a small income I believe those can be done. I like this. It gives inspiration to those of all incomes to save.

  • Julie

    What I took way from this paragraph is that in order for you to achieve financial success for you and your family, you have to put aside some of your earnings and let it grow to achieve your long-term goals. Setting aside 1/10th of your income is a great starting point to achieve financial wealth.

  • Sophia

    My takeaway from this “law” is: You reap what you sow! If I plant my seeds (min. 10% investment) and tend to my crops (sowing), in due season, my family and I will have a harvest that continually gives (reaping). Upon reaping, there will be more to give and help others.
    I will use this “law” by reprogramming my mindset of “I’m too broke to save” to “I’m too broke NOT to save!” AMEN!!!

  • Robin

    For me it’s a couple of things …when you give the Lord what belongs to him first and consistently the rest is blessed to go a lot further. And don’t despise the small that you put away because that done consistently will yield greatly in the future.

  • Sheryl

    Save 10% of my income and watch and see how much I can save.

  • Nicole

    It coincides with besides (tithes) pay yourself first. Given the place you keep (i.e. investing, money market account) your 10% it can grow. Consistency also seems to be key in this principle.

  • LaToya Wilcox

    I’m late, playing catch-up…but active. My take-away is to save 10% and invest it. I will follow this principle to build wealth. The money I invest will grow over time. It is one way to earn residual income.

  • Aliya

    What I am taking away from this law it that by setting aside just 10% of my monthly gross income and investing it wisely I can actually increase the overall amount of finances available to me. This process will actually draw more abundance to me! It will gladly gladly come to me! Which ultimately benefits myself and my family/generations to come.

  • Allita Walker

    I’m playing catchup but after reading the first law of gold I am ready to begin. My current income is very limited. My first plan will be to do things to increase my income. Just as I tithe my first fruits, I plan to set aside 10% for legacy. I’m really excited to see where this goes.

  • demetria crenshaw

    I will start to give more at church and also to myself instead of living paycheck to paycheck.

  • RMoss

    My takeaway (as I catch up) is simply…. save and invest. I need to apply this to my financial life by not wasting money, being more mindful of my money by saving the 10%, but not just putting it where it sits and does nothing…. Putting it where it will grow (investing) and making wise decisions about where I put it. I need to start somewhere even if I can’t start with the 10%, I need to START.

  • Miss Smith

    The proportion of your savings matter just as well as what you do with it. A lot of people go about inconveniencing their “now” by saving so much at once. 10% consistently is more effective than 50% over 5 months and then spending it all because so much has gone undone.The serious commitment does not waver and it is highly likely that it would grow once invested properly.

  • Tawayna Dobie

    I initially read chapter 3 in error then went back when I realized I read the wrong chapter. LOL. Well The first Law in Chap 15 was the summation of Chap 3 so it was confirmation for me. I will say I have heard this message pay yourself first a long time ago. Some how I never really was able to see clear to do that the with the amount of debt I was in. My way has not worked out now I’m going to Move in the First Law of Fold #Dreacatcher on deck and reporting for duty!!

  • Helen

    My take away is how important it is to give 20% which is Biblical and to not make fiancial decisions in haste. It is important to save and think ahead for the future. In order for you to grow and mature, you have to realize mistakes and learn from them.

  • Elsa

    Great read. It made me realized that when I paid my tithe every week, money seemed to flow and bills were paid on time. Now I will apply this principle to start saving.

  • Kenya Lovett

    I am behind on reading up on the challenge but I did work on my budget. I tithe 10% but in addition I have made a plan to save 10%. Like someone said below, tithing is sowing into the kingdom and it will comeback ten-fold, I’ve seen it happen, not just monetary

  • FreeSpirit Allen

    This was a very interesting read. My takeaway from this is that in addition to the 10% I give in tithes from my earnings, it is also important for me to put 10% toward my future and the future of my family. I always knew it was important to save but never thought about applying the very same amount of 10% as a standard rule.

  • MsChar

    Yes, the first law of gold certainly resounds the biblical principles of tithing. Tithing is a discipline just as saving is a discipline. What I take from this passage is that as I commit to “consistently” putting aside 1/10 of my earnings, my investment will become my increase! #saving4LMA

  • Greg Mullins

    My take away from the law is this: saving in this case 10% creates an energy that will attract more money. I believe the law of attraction is the catalyst in which the this law of gold is created. In essence saving money will attract more money rather we want it or not. Ms Budgetnista all I can say wow. You have incredible insight.

  • Channa Comer

    I have always been blessed with the ability to make money. I have to turn away work because I just don’t have the time to do it all. My problem is with saving and spending. I do save, but not enough, and what I save doesn’t stay put. I “borrow” money that never gets put back. I would like to not only save from my regular paycheck, but also save from my extra income and NOT touch it which means controlling my spending. A work in progress.

  • Joy

    I’m playing catch up, but my take away from this is to save 10%, no matter what. The more I save the more I will have, money attracts more money

  • Stephanie

    One of my 3 savings goals is to set aside $35/week so that I have $1000 by end of August for a fitness camp I’d like to attend. This law has got me thinking about that $35/week… Is there any short term investment opportunity that I can put that money in, so that I come out with a little more than just the $1000 by that time… I’ll have to look around a bit.

  • jasmine thompson

    My take away is to FIRST change my “poor” mindset. This will then allow me to at least save 10% of my weekly earnings. Once saved, don’t touch it and watch it grow.

  • Tesha

    My takeaway from this law is one that I’ve heard for years, pay yourself before you pay your bills. It also aligns with my belief of paying your tithes. My dilemma is how can I achieve both? Do I pay myself until I can pay my tithes, do I pay my tithes until I can pay myself or do I pay my full tithe and reduce my payment?

    This book also reminded me that when paying yourself, you treat yourself like a bill. Once a bill is paid, you can’t take the payment back; it is paid. Having this mindset allows you to leave the money and let it grow. I am just really torn on whether to pay my tithes first or pay myself first, please help!

  • Aries Riddick

    I know im very late but better late than never. My take from this was to always take a little bit of your earnings and put away and invest for yourself and family. it will be benifical in the future

  • Ashley Keith

    What I took from this law is that the investment I make in my future will have a greater return than the initial investment I made. So 10% is nothing compared to what is to come.

  • Tanja bell

    My take away from this that before I even see my income I should automatically put 10% away and the more I am putting away the more I will be blessed with. Paying myself first. I will set 10% of my income to go to my saving account before I even see my check

  • Marquita

    My take away is that putting away as small of an amount of money such as 10% of your income will yield a great financial outcome that will sustain your family in the hard times.

  • Nicole

    Worry set in as this is a principal I’ve been wanting to adopt for years but just can’t seem to. If I could just do it I probably wouldn’t be seeking counsel from the Budgetnista.

  • Heather

    I believe that its the mindset that has to change first, behaviors will come after! If you believe that you can save, thus you WILL save! I’m committing to paying myself first! that 10% will ensure that my future is always bright. #savingforarainyday

  • Shontá

    I learned that you reap what you sow. I will make sure to tithe my 10 percent and stop making excuses for not being able to tithe in 0church every time I get paid. Also, will apply more if I am able to because it does come back to you.

  • Starr Franklin Pack

    I love this so much and I have understood it for most of my life. I learned this from biblical teachings. The problem with this and how it relates to me is like I said I understood this…I’ve seen this law work in other people’s lives. The more they gave and invested in themsselves and others the more they received. It works, I just never thought it would work for me. I’ve been scared to try it. I’ve been in lack that I couldn’t see how to give. But this challenge for today has confirmed that if I’m really serious about changing my situation, I need to try it because what I’m doing now isn’t working.

  • M. Holloway

    From this I’ve learned that you must pay yourself first! I’m just starting this new mindset for the new year and I’m nervous but determined to do this for myself and my family.

  • Quandra

    This law provided confirmation to me that I must invest in myself to gain personal growth and personal blessings. Just as we tithe to the church in good faith, why not invest in your own temple for personal gratification and gain.

  • Brooke Doe

    I understand this law to mean that we should pay ourselves first. Make sure you take ten percent off the top and learn to save and invest as you will become richer because that which you save earns.

  • Cheryl

    To put the money I have saved to work by investing it into a venue where it will reproduce a stream of revenue. Now at this time the only thing I can think of is to move forward with having my first poetry book published. As from the sales of the book will be a stream of income. I realize it will also go into the upkeep of my own website which I should have. Depending upon how I publish the book if I will be responsible for mailing and shipping for the orders placed on line. The income left over is what I’ll have to save up for my next investment. And to continually update my financial education.

  • Jessica Désiré

    I see the correlation to tithing and I agree. However, my first impression was to save 10% of your earnings for a future. You’ll watch your savings grow. I recently increased my automatic withdraw to 10% for my retirement fund. Idk what the future holds but I want to be prepared as much as possible.

  • King Tiffany

    What I’ve received from this reading, which is my second time reading The Richest Man in Babylon, is that once you realize that you yourself is a God (since we’re children of God), your 10% of tithing is what goes in your saving for you. Then once you’ve reached your goal of saving 10% of your income, you are now willing and able to donate 2% to someone else such as a charity, a non-profit, or church (tithes are tax deductible, therefore a church is a non-profit), whichever. This is all about a change in mindsets, lifestyles, and a recourse of what society has tried to instill into us.

  • Janice Atkins

    This is my second time through the program, but the first time I could not do all of the challenges. My savings goals are to save at least $1000.00 for my emergency account by Dec. 31, 2016. This is because I lost my job in May of 2015. However, I will up the date as soon as I acquire an extra income stream. Extra because in September 2016 I will begin working as a teacher for Baltimore City. I also want to save $5000.00 down payment for a house in 2018. This will also be accomplished by my extra income stream and my job in September. The amount will change when the income increases.

  • Karima

    To give is to receive and to receive is to give. Save to better your life for yourself and others.

  • Jillonda Reed Washington

    The First Law of Gold makes sense. 10% to God, 10% to my savings, 80% to everyone/everything else.

  • Syeda Muhammad

    My mindset about The First Law of Gold is to create a savings plan and stick by the plan. In order to maintain a financially secure future for my family. I choose to use the 52 week savings plan.

  • Ashley Staples

    I will use the “First Law of Gold” to foster a saving mindset by challenging myself to be a consistent saver and a wise invester. I thought it was very interesting that it mentions to save one-tenth or more. I immediately thought about the Bible. As a result it was an encouragement to consistently tithe FIRST and then follow with the challenge above.

  • valencia wooten

    The take away I have with regards to the ” first law of Gold” is providing an input will give an output to begin setting a prosperous future

  • Charlotte

    My take away is that the more I can put towards my savings the more I can gain in terms of long term stability and future investing.

  • Angela

    My take away from this largely in part to my effectiveness of saving at the least 10% of my income would give me a great return in the long term…e.i. Retirement

  • Cassandra

    My take away is to focus on the future of my family and to assure the comforts of retirement by increasing my savings to 10%.

  • khines20

    This paragraph reminds me of how I tithe my 10% and the remainder of my money is directed from prayer. In which case everything I save and spend is blessed beyond measure, I reap a great harvest but is it ever enough

  • DeShawn Shepard

    This was a powerful story for me. I need to stop spending and start planning in order to save. I’ve made a lot of money, and given it away to the merchants and brickmakers. I have not made it work for me and that is going to change.

  • A

    The first law of gold solidified the significance of savings; as little as one tenth of your earnings can secure your family’s future. This is possible because savings can grow onto security over time. .

  • ajack008

    I like what’s being said here. I give my 10% in tithes and contribute to my 401K. However, I don’t feel like I’m doing enough. I have $10-12K in credit card debt, student loans which are currently in deferment (even after consistently paying a substantial amount monthly for almost 14 years. I make a pretty high salary and know that I have to get the credit card debt down. But, even after that, I’ll need to pay those student loans and at some point, will need a knew car. I just need guidance on how to do ALL these things AND save 10% of my salary….oh! While trying to buy a house. Am I being too unrealistic in my expectations?

  • shay Bunny

    Riches is not in money but in your mindset. We buy, spend and pay everyone without taking care of ourselves first. Changing our thinking will change our pockets.. I can’t wait to apply what I have learned.

  • Diana Martin

    Wow!!!Wisdom is the key. Stay on course and don’t get distracted.

  • Diana Martin

    Ladies, I am also saving in Gold. If you would like to hear more, let me know.

  • Andria

    Developing a mindset to set myself up, my children up and their children up; starts with a consistent act to invest 10% of my earnings into my family into my future. Developing financially smart decisions for myself and generations to come. Security and peace of mind for me and my family. Also reminds me of the biblical standard to give 10% as a tithe to the church.

  • Robyn

    Putting away 10% of my check is something I do. Not dipping back in and not investing is something I have to change. Thanks for the reminder!

  • Tianna Nashay Brown

    This definitely has a biblical principle. I do believe in tithing. However, I never thought about the more that I save, the more money would gladly come to me. Just like the more I sow the more I will receive & the greater the harvest! Thanks

  • Suezie Claire

    Thanks for allowing us to participate in this wonderful live richer campaign. May God richly bless you. I love the part of the law which talks about saving your earnings consistently and investing it wisely, I have would love to learn how to invest my earnings wisely. I always end up using up my savings. I need help in that area.

  • Diana King

    The key takeaway is consistency is a must. You must take the time and be consistent with saving for your future.

  • Regina Valentine

    Hello! My name is Regina and I am new to this entire experience, but I am definitely going to be proactive. What the first law of gold means to me is that, no matter the portion, any amount of savings can be great one day. 10% is minuscule even on days when I feel the the most financially insecure.

  • Tasha Cole

    When I read the paragragh as many have stated I immediately thought about the biblical principle of tithing. For me..I need to change my entire mindset as it relates to money. Saving money has never been an area of strength for me. So my prayer is that I develop a new mindset and stay focused on putting money aside rather than spending everything with nothing to fall back on in case of emergencies.

  • Kayla Kohlman

    What I took away from this law is that if you consistently set aside money into a wise investment, it will grow to earn you even more money. The ten percent of your earnings that you invest will earn you more, and in turn those earnings will earn more. Its like a cycle. Invest money, that investmen makes money, and that money makes money, as long as you keep investing. It makes sense.

  • Brianah

    My take away: I’ve always wanted to have my money work for me. The question has always been, what tools will provide me with the avenues to do so? Investing is such an unexplored concept for me. Where to do so (investment account on my own, allowing a financial adviser to do so, etc), through which means (ETFs, mutual funds, picking a few diversified stocks, etc).

  • WaConda Towner

    I actually listened to a youtube video this past weekend my cousin texted me a couple of months… My problem isn’t putting it aside, it’s going back to get some of it later… it seems difficult to not go back being a single mother of two, but I’m determined to do better going forward… I didn’t listen to that video, then join this challenge a couple of days later just by chance.

  • Brie Dennis

    What I got from this is: To save today to ensure your future, and also to not only save but to invest it as well. So I will apply this to myself by getting in the habit of moving 10% into my savings account and look at it as a bill so that it becomes a necessity to me.

  • Khathy

    This really opened my eyes to a new methodology of money management. It reinforces the plan to wealth that I should have been following for years but I put off because I was never formally taught or even shown from family what to do with money. But now that I know it, I will make it an obligation to teach to my children this information. As I read it all I could think about was if I’m already tithing 10% off of my first fruits to God. Why not take an additional 10% and place it in a separate online account that way I can forget about it and let it grow! Great tool to add to my tool belt!

  • Sharese

    I’m thinking the take away is take 10% of my income to put towards securing the future of my family and estate. This money should be saved first. Question : Does a 403B count or should it be liquid assets?

  • Claudie Rich

    My takeaway from this law is that if I put 10% of my income into an account I will accumulate more on it. My mindset has been changed and I will now take out that 10% before I do anything else.

  • Deandra Harris

    I agree with many of the comments already written, I’m not only investing in my money and future for me and my family, but in our lives and livelihood. I believe that God wants this for us to be good stewards of what’s given to us. Excited for this journey.

  • Ms. Thomas

    If you start putting at least 10% of your earnings away, you will eventually see it grow. When you see your money growing, it encourages you to continue this habit. By continuing this habit will eventually take you from a poverty mind set to a plentiful mindset, which in turn causes the law of attract to continue to give you more.POWERFUL..I love it and I am so glad that I found this group

  • Elyza Hernandez

    If i dont put %10 of every check away in another account! i will never learn how to save just a lil portion of my check for my future..
    I want to live comfortable when im older!!

  • Tina Washington

    It is like before anything else take 10% of your earning and tithe to your future.

  • Nathifa Harris

    My take away – I need to make it a priority to ALWAYS put up 10% of my salary, even when my salary increases. I also need to make that 10% make money. The more consistently I save, the more I will have for me and my family. I will now increase my current automatic savings withdrawal from my bi-weekly paycheck from 7% to 10% of my take home pay.

  • Latoya Jean-Baptiste

    My takeaway is respect wealth give it time and attention. Nurture my savings

  • Tina

    I take away from First Law Of Gold. Save money by paying myself 10% first and don’t bother it . Let it bear fruit through some saving device. Where I will see the reaping from my saving.

  • Tina Falaniko

    This law pertains in saving one tenth of my income weekly, bi weekly or monthly depending on how often u received consistent income, and to start an Investment retired acct, Life ins, Emergency funds, Long term care, etc… I feel is usually a goal that I can set long term that will provide n take care my family, children, in case the breadwinner is longer able to provide it leaves a profit to my estate, n leaving a legacy as well for my family… It sums up in changing the mindset in order to start this task….

  • Rashawn

    For me, this law says, save 10 percent of your earnings and you will create wealth that will help you and your family. Pay yourself to guarantee a savings for your family’s future.

  • Geneva

    I took from this lesson that savings can be achieved on a small scale to get into the habit of savings. A person can then save more when they have established the discipline of saving.

  • Sharon Lewis

    Wow…this was an awesome read. My interpretation of this law is having the “faith of a mustard seed”. If you plant 10% of your savings and believe in its purpose it will grow and prosper for you.

  • Brenda Moore

    I love this biblical principle, especially utilizing the word “GLADLY”. I always thought of the concept of one-tenth of earnings as “tithing” in church, but never in terms of setting aside that amount from my earnings for myself on a consistent basis. The word says that God loves a cheerful giver, so from now on I will GLADLY give to myself that one-tenth of all earnings and watch my “Gold cometh GLADLY and in increasing quantity”! #mynewmindset.

  • Brenda Moore

    Reading the entire book: “The Richest Man in Babylon” #goodread

  • Tiffany Thehairtherapist J

    My takeaway from “The First Law of Gold” is making sure I pay myself first no less that one-tenth of my earnings to save and invest in my future and that of my of family, but I come first!
    This sounds so familiar to how I’d been taught to tithe in the church for so many years. At some point it didn’t make “cents” to me going about it that way, so, I’m not a “tither”. Anything beyond what I pay myself, for me, is considered an offering.

  • Brittany Lee

    My takeaway from the paragraph is that investing small will eventually pay off in the end. Financial security is key!

  • Alitha Hawkins

    Giving God his 10% and then paying myself 10%. I have to change my mindset about spending and focus on saving.

  • Nadine Okuns

    I taking from the paragraph that saving can be achieved with a deterministic philosophy. This will help me to develop consistent saving habits.

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  • Viana

    My take away is that paying yourself first is essential to growing your wealth

  • Danielle Anderson

    I have always known that biblically, I’m supposed to tithe 10% of all my earnings, and I have been trying to do so. However, I will admit that I don’t always do that first. After reading this law, I feel like I should start making more of an effort to take care of my duties to God first before anything else. For me, even if I have a bill due, God will come first.


    I have taken from this that I need to change my whole mindset about saving and take 10% of my paycheck put it in a savings account and never mess with it.

  • Deliah Lewis

    I already subscribe to this mindset. I currently put away 10% of my income for future and my company matches 90 cents for each dollar saved up to 5% of my income. It was good reading something that supports what I’m already doing. Thank You

  • Felicia Laws

    The pearl that I took away from “The First Law of Gold” was in order to create a more substantial and secure future for not only me but my legacy (family) I should save no less than 10% of my “gross” earnings which coincides with God’s law of tithing. I should no longer neglect myself when it comes to the money I pay out. I need to pay myself as well for the work I do.
    I currently contribute 9% of by earnings towards retirement in which my company matches.Another nugget of wisdom that I gleamed from this is that it is time to increase my percentage by 1% so that it equals the 10%. That additional 1% is not going to “break” me, it is actually going to “pay” me.
    Thank you for sharing and helping me to accomplish one of the goals on my 2016 Vision and Faith Board.
    God Bless You!

  • Norma Flores

    It was a great insight , how can you make this happen when you don’t have a steady income or no income for that matter. I really love the idea of putting aside 10% of your income, have heard of this in the bible as well.

  • Mari Sue

    Late to reading day 2’s challenge and today is day 3, however; that little paragraph made me think as I read through the instructions following.

    My takeaway? Whatever I earn, put aside “something” to save, no matter how little. For instance with my business, I aim to save 95% of my earnings and pay myself 5%, however it has proved hard to save throughout my journey whereas I have to go back to my savings. So I’m thinking set aside less, leaving enough for another order of fashion jewelry and some to pay myself which should cover my bills and day-to-day expenses.

    I just want to travel the world!!

  • Affiong Ibokette


  • Lauren Wilson

    My take away is that a person should put up no less 10% of his income in savings as a cushion for the future. The only thing I’m curious is this 10% in addition to the 10% that many give as tithing?

  • Ophelia

    What I took away from this passage was funds will be attracted to those who put away at least 10% of the income, to be stored up for yourself and possible pass on to your family.

  • What I take away from “The First Law of Gold” is that you can put away a small amount of your earnings and if you invest that money wisely, it will earn more money for you. I plan to save away 5-10% of my income in a savings account.

  • Nikki

    I’ve learned I must pay myself (save /put away) 10% of what I earn … I’ve also learned not invest into things or businesses I’m unfamiliar with. Always seek wise and knowledgeable council.

  • DeLisa Fountain

    I just read the selection and my take away is that if I set aside 1/10 my savings will continuously grow. I am a very literal person so I take this to mean that if I am dedicated to saving 1/10 versus a particular amount (out of everything…not just my paycheck) that I will be planting a seed and watering it and it will grow. 1/10 is very easy to say to myself instead of saying $90 each pay check because I look at $90 as such a large amount…..but saying 1/10 sounds much smaller and less intimidating. Especially if I go to my HR department and change my direct deposit to reflect 90% checking and 10% savings. It makes the task less daunting and rests my mind versus thinking what I could have paid with that $90.

  • MissFinance

    I just set up my 1st savings account after reading the First Law of Gold. I still save money in a jar. Shameful, considering I am a Finance grad! Im determined to build wealth as my ultimate goal is to be financially independent. 10% will be deposited from every paycheck. i can do this!

  • M. Evans

    WOW! I actually stopped mid read and had an epiphany. The First Law of Gold.. good stuff. “The Richest Man In Babylon”.

  • Chrissy Lawrence

    Just like many said… Once you put aside that 10% of your earnings, you will see the growth over time. With 90% left, you can manage. But we probably can do a little extra on top of the %10 once being focused on what you have to take care of 1st. Need to get on the ball.

  • janee

    My takeaway from the First Law of Gold is to save 10% of your earnings and invest it properly so that you will gain more and have to leave for your family. I also gathered that the more responsible that I am in saving, the more that will come to me to save and invest.
    The way that I will use this law to gain wealth is upon paying my debt off, I will invest 10% of my income.

  • AM

    This law speaks volumes. It taught me if I make wise saving decisions now with my money then the accumulation will create safety not only for my future but for my families future as well. We could all reap the benefits just from me embracing this Wisdom!

  • Terri Bell

    After reading the first law of gold. My thoughts are take a 1/10 of my earnings per pay period and store it away in investments so that in time I can go back recoup what I invested and the increase. There has to be some form of increase. The earnings from this investment is what produces my residuals. Everything on top of the investment is my increase. I can borrow from my own increase. I can invest my increase. I can even spend my increase from the residuals but don’t touch the investment Terri until it is the mature time. It reminds me of Proverbs 6:6.

  • LaShana T Fogle

    This is the mindset I have adopted “To create an estate for his future and for that of his family”, ” The gold which I save earns more. My goal is to put more away for myself and my daughter.

  • Cynthia McCalop

    My take away from this is that in order to be financially stable, I need to find a way to save a small portion of my earnings and make those earnings work for me. I must find a way to save just a small earning, find something each payweek that I can cut back on, put that away and watch it grow. This is how, when I pass, I can leave some type of generational wealth for family. And once I start saving, the easier it will be to save and build wealth.

  • Dorothy Johnson

    I do tithe every week through my church. I hadn’t really thought about doing the same for myself. This definitely puts me in this mind frame now.

  • Debra Cuddington

    This also reminds me of tithing. On Day 1 I listed as Goal #2 to pay myself first. This First Law of Gold will help me do that. I will put it in account and not touch it.

  • Fritzsa Gilmore

    I’ve always suspended my savings plan…..’when I get a job’ ‘when I get a raise’ ‘when I have children’, etc. I need to start NOW! And be consistent, God is the one providing so why do I cheat Him and myself?

  • Akosua

    My take away from this passage was that if you focus and are able to maintain saving 10% of your earned money, that energy will attract more money your way. Where you spend your energy is what will be attracted to you.

  • Courtney

    My take away from this is if I start putting away 10 percent of my earnings it will become easier to achieve. As someone said in a previous post, you reap what you sow. What you put in the atmosphere will come back to you.

  • Bejjie

    PAY MYSELF FIRST. It’s important to pay my bills on time. I MUST put myself FIRST. In order for my money to make money, I MUST save/invest!

  • LaQuinas

    I immediately think of tithing 10% of my income but also being good stewards over what God has given you.

  • Crystal Taylor

    Thank you for sharing your knowledge! The first law of gold is one I am familiar with. As a faithful tither, I give my 10% back regularly. The shift for me will be putting away another 10% to my savings. I am pretty sure I can live with 80% of my earnings. I am going to give it a try – glad the Live Richer Challenge is there to help!

  • Amy Toberer Doue

    I adhere to this law by saving 12%. But this is very recent. I need to catch up. But also, maybe I can save a little more.

  • sakina

    I took away that i can definitely save 10% because after looking at what i spend a month i know i can cut expenses on bullcrap and save that same amount if not more monthly. Especially during the summer when i dont have to pay for child care.

  • Jennifer Blackwell

    To ensure my family’s safety & security, along with a brighter future, I will deposit 10% of my earnings in my savings account… STARTING TODAY!!!

  • Arnetta Berkley Jones

    If I understand correctly in order to make money to need to save some in interest baring acxiunts. Pay yourself by saving.

  • Lavonya P

    M y take away from The first law of gold was solidified my biblical principles. I been fighting this for a while, I’ll save money monthly and place it in my savings (closed fist) but I pull from it throughout the month to make to the end of the month ( I get paid monthly). I must use my principle and faith to trust that the little 10% of my monthly pay, I’ll receive 10 fold (open fist). I must not touch my savings! Blessing.

  • Gorgelia Pollard

    I have never paid myself first. Honestly, I have never saved anything. But if I had only saved 10 percent of whatever I received, I probably would be better off financially. 10 percent is not a lot at all but it definitely adds up.

  • Shanekia

    My take away from this law is to save 10% of my income bi-monthly. This will become an investment fund to generate more income to increase my retirement fund.

  • Veronica God’sChild W

    My take away is that you need to save at least 10 percent of your earning in a way that will earn you more money or even invest your 10 %.

  • Jamila Bullock

    To me the first law means to share at least 1/10th of what i bring home. For this will ensure me great wealth for myself and a comfortable cash flow for my family should i die. Its saying that this process is almost guarentteed. Moving forward, I will not say what i can not afford to save, as long as the bills are paid, everything else is extra.

  • La’Shuana King

    The 1st Law of gold allowed me to understand the importance of saving. By changing my mindset about the importance of saving at least 10 percent of my earnings. I was amazed at the abundance of money that could have saved in just 10 years. The text help me to understand how important it is to be a good steward over your money. Applying certain principles such as discipline, self control, and wisdom will open up great deal of ways for one to be able to save money and make wise financial decisions. If I had this mindset 10 years ago. I could have saved as much as 30,000 dollars by now. Wow!! SMH!! 🙁 You live and you learn but it is never to late make a different choice or change your mindset.

  • Carmen Shelton

    This chapter is powerful. My takeaway was to create a saving mindset to create general wealth. Living a legacy for my family. I just join the group & I’m glad I did. I will increase my financial literacy to change my life.

  • Tamme

    It takes me to bibical , tithing 10 percent , you always continue to receive blessings

  • Doreen

    The first law of gold emphasizes the importance of saving. Not just saving arbitrarily, but putting aside 10% of my income. Those 10%are set aside for investment purposes, right?

  • Jasmine Ayers

    My take away is to completely discipline my savings. When i put the 1/10th in the account DO NOT TOUCH IT. Have more faith in the principles is what i took away.

  • Priscilla

    Great read it helped me think about how naive I’ve been investing on the numerous online get rich quick schemes to start a business. I’m now looking for mentors who are experts with proven track records. Also giving back it speaks to the law of reciprocity and generocity❤️

  • Saratan Peters

    Save more, then you make more.

  • Roshanda

    This very much reminds me of tithing 10% to God but this also reminds me to take care of #1 first! That way, I’ll be able to take care of others. I don’t want to always be a borrower but a lender when I can. *Work in progress!

  • LaTisha Michelle

    My take on First Law of Gold: pay yourself first! Then invest it, and prepare for the exponential growth that is sure to follow. Like attracts like, so let your nest egg be a magnet for more money.

    I will set up a savings account at the credit union at work and have 6% [10%- the 4% already going to my 403(b)] automatically sent there from each paycheck.

  • KendrA SilveR

    The first thing that came to mind was tithing in the church. The one tenth or 10% is only a small fraction of what we earn. How hard could it be to save that? Sometimes it’s easier said than done. Once I get in the habit of saving it will become easier and a a “reward” for my obedience I will continue to be blessed.

  • Marleen C. Greenleaf

    This paragraph made me think immediately of tithing! God wants us to freely give 10% of our earnings back to him and if we trust him,he will shower us with blessings that we won’t have “room enough to receive them” (Malachi 3:10). Never thought of applying this method also for our personal savings.

  • kikiatl1

    My take away was two fold. One, to pay my tithes of 10%, as well as save 10% from each paycheck. I must step out on faith and make tithing a priority for me, and all else will be added unto me.

  • Martha Ayalla

    By saving at least one tenth of my earnings I can guarantee security for me and my family. I must also be faithful in this savings.

  • Kimberly Brewington

    My takeaway is that saving at least 10% consistently builds your wealth. You will have guaranteed financial safety in the times of darkness(death, family emergency, job loss)

  • Dyshanna

    My take away from this law is that I will always pay myself first. For example, I get paid weekly so I will take 10% of my earnings and have it direct deposited into a savings account not including what I am contributing to my 401k.

  • Khadijah Riyadh

    What I take away from this law is in order to have your money grow you must invest wisely and consistently.

  • Maureen Clark-williams

    What I take from this is once you sow your seed your harvest will be plentiful

  • Maggie

    This first law brought up many things for me. Positive attracts positive. Its like planting a garden, if you plant one thing the birds and bees, the butterflies will come. If you leave your lot in disrepair, no good will come of the earth and it will be dark and gray. Therefore, save your money, it will help you to save more money and bring you peace.

  • Dezzalin lunsford

    I learned to take 10% of my income after I take 10% of my income to tithe and invest my money so that I can began to build a strong foundation in investing in not only my future but my kids also.

  • Danni

    10% is not much but each little bit counts and it all adds up. My take away is BE PREPARED.

  • Ms.King

    This is really good. I took that I can and will save. I have already put my first 10% in my saving account.

  • Katrina

    I just finished reading the The First Law of Gold in the book Richest Man of Babylon the law immediately remind of tithing in the church.

  • sayber cloud

    This a great short read. I definitely took away some good things that I’m going to implement in my such as saving 10% of my earnings. I believe once I get more into it the more saving will become second nature to me and more happiness I will have.

  • Julia LovedEternally Crockett

    My pastor taught a class on finances a while back and he advised us to pay God first then pay ourselves. This exert is right in line with what he taught. The difference now is my mindset. I realize now that it is just important to sow into myself as it is to sow into the Kingdom of God. It is part of being a good steward of what God has blessed me with. God sees me as good soil so I must start sowing.

  • Liz Mills

    My take away from the First Law of Gold: (1)Your money will grow when you put in a place to grow. I/we put it in other people’s hands and in other places that are not designed for our money to grow and work for our benefit. (2)Invest in your own future. Focus on long term not just now. (3)Money will increase for those who use it wisely.

  • Tracey Parris

    I recently began this process by direct depositing 10% of my pay into a saving account not linked to my checking account. I am going to make every effort not to remove money form this account. This was confirmation I am on the right track!

  • TDanielle

    This has helped me to change how I think about saving. It’s not unattainable, as long as I set goals and follow through.

  • Cat23

    Plant the seeds of wealth by setting aside 10%of everything you earn. As you increase your savings, your money starts making money through compounding of interest. Setting aside this amount and not touching it ensures that it will grow. You don’t plant a tree and keep moving it to follow the sun. The tree will reach to get the sun it needs and establish strong roots.

  • Cassandra

    After reading the first law I realized how I have been living for the day and not my financial future. I am from this day forward saving 10% of any monies I occur. The bell finally went off in my mind and I will live by this law and pass it on to everyone that will listen. KNOWLEDGE IS POWER!

  • Joy Burns

    My take away is to put 1/10th away and invest. However, what about tithing? I have so many questions. I applied for Sofie and the other companies you recommended and was turned down. It is discouraging at times this is gonna be harder than I thought

  • Katrina Cody

    This needs to be taught in every school in this country. My parents didn’t know about this so it couldn’t be learned at home. I am overwhelmed with the thoughts swirling around my head. After reading “The First Law of Gold” I wish I had found you years ago. I can’t wait to open a new account designated solely to 1/10 of my income. My 18 year and 6 year old boys will certainly learn this from me ASAP.

  • Charlene D. Slaughter

    Enjoying participating in this challenge. I just started and my takeaway from this this law is learning to trust. It is so easy to come up with excuses why we cannot save money or to find other things to do with the money. But saving leads to even greater increase. Trust in that.

  • notheragain

    tithing 10% is something that I have a hard time doing. I am always afraid that I won’t have enough money to take care my other responsibilities. Which is dumb because when I did tithe properly I was never without.

  • Jackie

    My take away from this law speaks to the law of attraction. If you create a mindset of saving and preparing for your future, the universe will provide to you according to your vibrations. What ever you focus on expands, be it positive or negative. If you have a mindset of lack you will attract more lack into your life. If you have a mindset of wealth and happiness you will attract wealth and happiness.

  • Taylor

    What I took away from the paragraph is that if you do right by your money then your money will do right by you.

  • Kourtney King

    My takeaway is the importance of investing in yourself and in your family’s future. It’s also important to invest wisely to ensure that your assets are secure. So awesome!

  • Tiffany K Williams

    This is something that I’ve definitely struggled with in the past, but I want to make a conscious effort to do better. I come from a family that has lived paycheck to paycheck basically from the time I was born (I’m sure even before then) until now. It’s definitely a bad habit passed down throughout generations but my plan is to make sure it stops with me. I enjoyed this reading today! 😀

  • Stephanie Roberts

    1. Wealth comes to and increases to those who are willing to put no less than 10% of what is earned for the future.
    2. Wealth works for those who are wise and diligent to find profitable employment for money, returning an increase with it.
    3. Wealth clings to and is protected by the cautious owner, who invest under wise wealth councilors advise.
    4. Wealth slips away from the person who invest in opportunities in which they are not familiar or that are not suggested by wealth advisors.
    5. Wealth flees the person who tries to force it to come to them, by tricks, scams, or their own inexperienced desires in a particular venture.

    Oh my goodness, I had to look at all of the things that I tried to get money. Multi level marketing , second job, unwise advise on investments. But all along not doing any of these things to attract the money to me. I am a thither, but I have a tendency to not manage the rest of the money the right way and when I get in a bind, fall back to old principles in handling my money. Lord, help me to do better with that you entrust into my hand that it may increase as I follow good sound advise from wise people. Help me to know, good sound advise when I hear it and to run away from the scammer. Amen.

  • Carma Rhodes-Gates

    Great perspective on saving 10% of your income and not wasting money on quick money schemes…. Very enlightening

  • Candy C. Parker

    This has convicted me, I should be putting away 10% of my income, like I give 10% to the church. I will change that goal on my goal sheet. Great read!

  • Tammy Charles

    It reminds me of the saying “a penny saved is a penny earned”. I realize that every time I save I’m actually paying myself! I am sowing a seed for my future. And I am building wealth. I tend to look at money as “disposable”. I spend it all without thinking twice about putting it somewhere where it will grow (like a savings account). I want to change my mindset about money and look at it as a tool to build wealth and even plan for my future. Wow.. 🙂 I’m loving Day 2! 🙂

  • LaTrice Nervis

    My takeaway is to put away 10% of our income each check and manage off of what is left.

  • Alesia

    That Law took me to church lol! It basically spoke on tithing but to myself. Now am I still to give if I dont have though like I would do for God?

  • Janelle Edwards

    My current goal so want to accomplish

  • Tonya Cross

    I am just joining the challenge and it’s day two for me. I loved this short story! I took away that I need to create and foster a better financial mindset in order to become wealthy. To do so requires balance.

    It makes no sense to pay everyone and then have nothing to show for my work. A portion of what I earn *IS* mine, not to keep and hoard, but to make grow. I need to save at least 10% of what I earn and learn to invest it wisely so that it continues to build wealth, learning from those who have walked the path that I am beginning down and potentially avoid some of the mistakes that they already made.

    When I misstep, I will not be afraid to start over. I will work to remain persistent even when it seems like there is no immediate gain from what I am doing. The gain is sometimes in the lesson or habit learned from the action, not necessarily the immediate outcome of the action.

  • Tiff Tiff

    This is a concept I am familiar with, tithing. We give the church 10% or a tithe. It hard to do that so I have it come out of my pay automatically. I guess I can set up an automatic withdrawal of 10% to be deposited into a savings account.

  • Natosha

    Starting to save money is a learning process the longer you do it the better you become at it. Learn from those who are knowledgeable on what they teach, don’t take advice from just any and everyone. Start with an amout that is comfortable for you. Always pay yourself something with every paycheck even if its not much.

  • Yuwan Harper

    My takeaway from this reading is that if you consistently work towards a goal then it will continue to grow in your favor.

  • SK1

    The law simply reminds you to save and to be a smart investor.

  • Ruby

    Immediately I thought about the principles the bible teaches me, such as tithing. We are supposed to tithed 10% percent. Personally if I don’t tithe it seems like all kinds of things happen that end up taking the money I should have tithe and more. Its kind of the same principle. If you save one tenth- consistently, the money will build. You become a better steward of your money not only for yourself but for your family.

  • Carma Rhodes-Gates

    This was really profound and enlightening. Helps me change mind set. Even though we tithe 10% we must pay ourselves also in savings account of 10%. Definitely trying to make that one of my biggest accomplishments and not touch my savings

  • Keisha Norris

    This speaks to part of what my church is doing now to help us be more financially sound. The 10-10-80 principle (10%-tithe, 10%-savings, 80% to live off). This program is exactly what I needed to jump start my financial freedom!

  • Aleschia Hughes

    My takeaway from this is to use my money wisely and to try to put back at least 10% to ensure the future of myself and kids. In case I die I will have money to take care of whatever and i dont have to leave that burden on them. To invest so that my so that the seeds I reap will grow more and more over time

  • Renee

    The take away for me is although I have a separate savings account, I have to start using it wisely. Meaning- I have to leave the money I put in it and allow it to earn interest so it will grow.

  • Sparklettc

    My take away is that you must have a mindset to save and that as you consistently save the 10% not only will your savings increase but your know how will increase thereby giving you the ability to acquire more money.

  • Crystal

    I am a tither…giving at least 10% of my income as the scripture directs. I have said for years that I was going to start tithing into myself as a means of saving but have never followed through. In this season; it’s a must to build a nest egg for my future, and learn how to make it grow! Next to the Lord, who better to sow into than myself and to leave an inheritance to my children? This program is my lifeline to wealth! No more excuses for not saving. I will save if I have to save $1 out of every check. $1 is better than 0. Nothing from nothing, leaves NOTHING!!!

  • Alanda

    This law means that money will continue to come to anyone who saves at least 10% for their future. It aligns with the concept of thithing and is a concept that I will adopt.

  • Kafi Robinson

    I just joined and read the week 1, day 2 readin, “The first law of Gold”. The principal of putting aside 10% is just like my Bible teachings. When you can give God the first 10% then he will multiply your blessings. When you change your mindset you change you!

  • Demetra Richardson

    What I get out of this is the action of faithfulness to what I desire to see in my finances and the financial security of my family. I have learned about tithing as a teen ager and how important it is to do so and the benefits that comes along with it. I have tried to save and I would always have to end up going in it for some reason, but reading this has reignited the fire of my purpose for saving money and how I must be faithful in doing so not only to me but my family. We are really starting from rock bottom and I must say fear tries to creep in, but I will continue to pray and trust God for His provision and guidance. I am so glad I came across this challenge.

  • Monique Moss

    This law reminds me of tithing 10% to the church as stated in the Bible. I want all the blessings I can get, so I have been working on doing this consistently. I will also work on saving 10% for my family. I want my children to be able to go to college debt-free, grow up in a nice home, and have all the things that I didn’t have…so I will be working on this law from here on out!

  • Natalie

    Today’s reading hasome opened my eyes in a great way as it relates to tithing into oneself. I believe in the concept of tithing and operate in it when it comes to ministry. On the other hand, I have failed miserably as it relates to myelf. Leaving me void if the reciprocal benefits this would bring to me and my family. I’m in tears…but today, I know better and will intentionally execute better.

  • Mzcosby

    My take away for this law is: you must start some where to begin your money growth. I like others never think about paying myself but I must change my mindset so I can prepare for my future.

  • Mirkhare

    Thankfully, I was trained by my mother from an early age to save regularly. So I know how to save, but I must learn more discipline in how I spend. I need more money coming in in order to really save what I need for my future goals. I’m more focused now than I’ve ever been out of sheer desperate neccessity.

  • Cuvette

    Good morning all,
    What I learned from the reading this morning is, that one has to change their mind frame when it comes to saving. By setting aside a certain amount for our family and yourself for the future. To make a effort to build future wealth.

  • Cuvette

    Good morning all, what I learned from the reading is this. The more you place aside in saving the more you gain for future use for your family and yourself. Always think ahead…

  • Jay Johnson

    Good morning, what I took from this paragraph is that if you consistently put money aside for savings and make wise choices with your money you and your family will proper.

  • Verlaine Ramirez

    I’m glad I got the opportunity to read this story at this point in my life and be able to read it with my children, thank you! What we took away from this story is Pay yourself 10% of what you earn, “A part of all I earn is mine to keep” I have written that down as a reminder. Learn to make your money work for you. Insure an income for the future. Invest with caution. Get counsel from wise men, seek advice from those who have experience with financial success. Enjoy your life and your money, do not be afraid to spend. Pass on your knowledge willingly. So I truly appreciate you sharing your knowledge! Thank you Tiffany!

  • Nadine

    This paragraph has opened my eyes to a better, stronger way to see what investing in myself really means and how disciplined my mentality needs to so that I can look into the future of having this investment when I need it and not when I want it. Its about understanding the needs in life and not just what I want.

  • Angelina Isdeeplyloved ByYeshu

    What came to me about it is if you give God a tenth of your income why not put away that much for yourself and invest it!

  • My reflection on today’s reading:

    The First Law of Gold speaks to the value of consistency and discipline. It also demonstrates that small amounts have the potential to grow into wealth IF managed correctly.I can see how useful this principle is by looking back at the potential wealth I lost by not following it. Saving 10% of even a low annual salary would provide cushion.

  • MsWright

    Excellent read to begin my Friday morning!! This is closely aligned with my religious principles. My take-away from the 1st law is that in order to reap the savings benefits (financially, spiritually, etc), start by giving 10% to God and saving a minimal 10% today, and await the significant manifestations that will come in the near future!! I’m READY!!!

  • Cherrita Robbins

    I just joined this challenge and it is awesome! My take is 10% from your earnings. I am now automatically taking out 10% from my check so I don’t even have to see it.

  • Ismane

    I will stop telling myself that I do not have enough to save and save 10% each month.

  • Dreama

    When I read this law, I understood it completely because it reminded me of tithing. In tithing, you give your first 10% to God, and with this law its like you tithe 10% to yourself. It makes absolute sense when you think about it. In my mind, when it comes to saving, I always think I got to put away a lot of money. Then I always think to myself I can’t do this. Now just doing as little as 10% to myself, is easier than doing nothing and worrying about not have nothing to lean on in tough times. I think that’s how I’m going to start saving now.
    After I reach my first saving goal. I will start saving doing the 10% way with another savings account.

  • Thaedra

    The first law of gold makes me understand the value of saving. Basically money draws more money, or wealth attacks more wealth. Since I’m looking to attain a certain level of wealth, having a pay myself first attitude it going to help me meet my goal a lot quicker. It’s time for me to pay myself first and then take care of everything else.

  • Larene Randle

    That little paragraph helped me to understand that I could save 1/10 of our income and watch increase come. That’s like double for us cause of the life style of giving that we already live by.

  • aisha

    Part of what I earn (at least ten percent) is mine to keep!

  • Erica Rhea

    I learned that If you ask a questions you shall be given an answer! It’s up to you to put the plan into action. Also by paying yourself no less then 10% out of everything you make will lead you in a path of blessings and prosperity, plus you won’t miss it.- and blessings come in all shapes and forms.

  • Rasheem Morris

    Hello, all this is my day2 and what I’m trying to figure out is do you save 10% from your gross or net income?

  • Mika Roberts

    My take from this law is like many of you. You atttact what you want into to your life and giving and saving cheerful I was told he blesses ten time the folds. Stay in a positive state of mind and this definitely was a reminder of that.

  • NT

    I took from this that i need to put 10% aside but also speaks to my other goals of growing my relationship with God

  • Cassaundria Theeblackdiamond W

    I have learn I should at least put 10% of my earnings into saving. And let I accumulate in saving and invest it wisely.

  • MrsBynoe

    My take away from the “First Law of Gold” brings me back to what I learned a little about when planning for my future from family and friends. I’ve heard it many times but I realize that we don’t put what we learn into action until we are truly ready for a change. This is to live by the 10/10/80 rule. 10% to God (tithing) 10% to myself (savings) and 80% to my bills and living expenses. The “First Law of Gold” brought me back to what I learned years ago. The only difference is I’m ready to fully apply it. I faithfully tithed and I pay my bills I just don’t give myself the 10% that I should. It’s time to make that change. Thanks for bringing this Law to light!!!

  • jonesremy92

    What I learned from the “First Law of Gold” is to set aside 10% of my weekly or monthly earnings and watch as it increases. This is very similar to thithing ( spiritually) as the word teaches us to give God 10% of our gross pay and he will repay in abundance.

  • Liz Prince

    First law of Gold – When I made the decision in 2014 to start saving, it has truly been a blessing. Giving honor to God first with his 10%. Then myself…God has sown so much into my life, monetarily, spiritually and physically. Now I want to invest outside of my 401k and I will. I want to help create an estate for our future.

  • Toacca

    This was a great read today. Like some of the others have said, I use this same principle in my relationship with God (giving a tenth) but never thought about the practical application of also setting a tenth away for my savings. Essentially this law talking about the principle of developing a savings account. That putting a tenth away more frequently and consistently will not only add up to more wealth but you will gain interest on those savings. I plan to restore my savings using this method. My biggest struggle has been trying to save the entire 9/10 which only lead to me spending most if not all of it before my next pay period. This has really open my eyes to this. Thank you 🙂

  • Christina McLean

    I interpreted that if I save money consistently and invest it into something that will increase my savings; I will have a prosperous financial future. I will start following this rule by saving 10% of my income out of every check monthly and finding a good investment to put it in so that it will grow.

  • Dallas Freeman

    What I took away from this was that, your savings will increase if you consistently put away at least 10% of your earnings. Doing this will create not only set a better financial future for you, but your family as well. To help build my wealth, previous to this challenge I was saving 10% here as well as to church. But since I moved out, had to bring the 10% down to like 4%. But i made sure I was still putting money into my savings.

  • Katie Da Silva

    Plant the seed of saving in your mindset. Water that seed by being consistent in your journey to save money. With doing that you will reap the harvest of money flow. Also, as we continue that process money will flow in abundance.

  • Dorothy Evans

    To save 10% for your self and only plan (budget) spending 90% or less. And remember that this 10% saved every time will help you have a multitude of saving in the future.

  • Nicole Allen

    I agree with the concept for the most part. I am a tither so I live off 80% of my income. Tithes – 10% and Saving 10%.

  • Shanea

    Hello everyone! I’m new to the group and beer excited to learn and share with you all. What I got from this is to start saving 10% of my earnings into a savings account that I don’t use- ever! Leave it for my children in the event of my death. To start an inheritance for them. I have a question about this though. Do I save based off the gross or net earnings?

  • Tamara Walker

    I learned that I need an advisor to seek counsel. I’m inexperienced and have been foolish with money.

  • MzNewAgenda

    My take away from this law is that I need to save first. I am going to pay myself as if I am paying a bill. This will help me develop a healthy relationship with money and saving. Too often I save what’s left and it is ALWAYS less than 10%

  • Louella Abner

    My take on the first law of gold is that if I constantly put away 1/10 of my earnings every paycheck I would have something to fall back on and for my son to have something if I have to leave him. Also if I just unconsciously put away the 1/10 I would start seeing more coming my way. I have to believe that I am a saver.

  • Kimberlee

    My take away from this is that if I save my money and or invest it properly more money will come. I am so glad I have joined this challenge!! Blessings will follow!! Positive thinking!!

  • disqus_g3mlIAO4ZY

    I initially thought of tithing, but it made me think that I should also pay myself 10%. Every year I get a statement from my church with the total amount I paid for the year and the 10% I put in adds up. That same amount could be in a savings account every year too. This is something I will start implementing soon!

  • Sarita Smith

    My take away was the more wiser you are with your money it shall increase. Pay yourself first. Save it.. The smarter you are with money God will bless you with more.

  • reallyurkidding

    What I take a way from “First Law of Gold” is you must make the effort to save even if its a little and let that money multiple into greater wealth. Plus by creating the habit of saving it will soon become effortless and you want miss that money because its actually generating you more money.

  • S Rob

    I interpret this paragraph to mean that you should save and invest at least 1/10 of your earnings for your future and your family, and it will multiply and become easier for you to save.

  • Crystal Blackshear

    This law always
    sayeth that gold cometh gladly to such a man.” It kind of made me think money know who to come to by the way they spend it. For instance, sowing and reaping. The Bible states that you should give with a cheerful heart and to me that means that it will come back gladly.

  • Shaunte Shanei Foxworth

    My takeaway is that I need to be cheerful in my savings. Currently, I view saving as something that I do not want to do, but I have to do it (which explains why I feel I can’t afford to save 10%). going forward, I will look at the pleasures of savings (having something to fall on in case of an emergency for example). I have learned that I normally spend 10% of my earnings on useless/frivolous things anyway

  • Ornella Petit

    Okay so my takeaway for this law is: Not only must I save but I must invest and not just stocks and bonds but into me and my future.. “My savings are my investments” In order for me to achieve the goals that I want and to stop living paycheck to paycheck I have to be disciplined in saving and investing, So my mindset is now 1. Tithe 2.Save

  • Monica

    I am a day late on Day 2 but my take away is the principle of tithing! Giving God your required ten percent is the key to continued wealth. Showing your obedience to His word.

  • Dee Dee

    The paragraph struck several cords. It made me think about the fact that I have been slipping by not planting the seeds for my and my family’s future. I am here thinking about all of the things I could do to and cut back on to make sure I have no excuse to save and do better. My plan is to not narrow my view by only focusing about the present. My future depends on me making this change.

  • Natalie Simms

    The lesson here for me is a reminder my mom used to say, “For every dollar you make, save a dime.” In essence, I choose today to save 10% of my paycheck and let that start to contribute towards my emergency fund.

  • Fee Ett

    I can feel my mind shifting already. I enjoyed reading about The 5 Laws of Gold. In essence, it’s saying to save, invest, and be a good steward over your money. I’m taking heed and to heart, starting with Law #1. Thanks.

  • Michele

    What I’ve taken from this is that I need to be more consistent with my savings as well as my investing in order to see a stability and a increase in my wealth. I’m good at saving for short term goals, but once that goal has been meet I get relaxed with my savings and loose in my spending.

  • Beatrice Harris

    My take from this is that in order for us to secure a better future and increase our wealth for ourselves and family we must invest in ourselves through savings. A good start is putting aside 10%.

    I want to know if this should include my 401k contributions or is this separate?

  • Dawn Benjamin

    My takeaway is the difference between saving and investing. To save you can just put money aside but investing is making it work for you. This excerpt talks about “creating an estate”
    To create an estate takes more than saving, you must invest and be patient. The estate is for the future. I will separate my goals for the right now from the future to ensure I properly allocate my resources to each. I can be more patient if I’m not looking for right now money for a long term goal.

  • Calondra

    My take away from the first law is that I need to save in order to be able to do more with my finances. I had already begun saving about 10% in late 2015, however I didn’t really know the method to the madness or the why. After reading this I recognize that I need to put away money with a purpose in mind, as well as look more carefully at how I am saving and putting away my money.

  • Emili

    I’m just beginning this challenge and I must say self discipline is the most important attribute to apply here. Reading the first law of gold tells me that I must first put the money away and be well informed about where it’s going and what it should do when it’s there. Also to be in control of what happens to your savings. I’ve recently contacted the company that manages my 401k and will soon join them on a webcast so do that I may be better informed about MY money. Blessings to all of you. And thank you.

  • Noreen Halsell

    I love this principle. I understood that, in order for my family and myself to prosper, I should pay myself 10% of my earnings. This totally makes sense to me. So, I will start this Friday when I get paid and start paying myself. Thanks for the insight.

  • Shunniqua

    Be the best asset to your financial situation so YOU are aiding your future to fulfill your dreams and desires. Without the help from self you can’t expect to progress to the highest level possible!

  • janet jacobs

    My takeaway was I immediately associated ths with tithing. The old covenant speaks of one amount and new covenant places no particular amount, however we are commanded to give. My Grandmother gave what she could but always gave. I believe tithing, paying yourself and knocking down debt every pay period will secure a future for you and family. Now doing while being responsible for bills and day-to-day will be tricky but can be done

  • brandy williams

    I took away from the passage, that the opportunity to make your money increase and establish a foundation is all in how you look at money and the relationship you want to have with it. This also can set the stage in forward thinking in all aspects of my life ie: college funds for my children.

  • MsDes205

    Investing 10% of my earnings into my savings every week will help me to ensure that me and my family is well taken care of in case anything happens. They will be ok!! Knowing that makes me even more motivated to save my 10%. I have two little ones and I’m a single mother. They are my motivation.

  • Mahkeba Unique Vanzant

    My takeaway from this short read is: live consistently by the 90/10 rule, whereas, 90% for expenses and 10% for savings of some sort, whether it be, investments, savings accounts or which ever will allow for the money to grow.

  • Alicia Owens

    The 1st law of Gold meant to me to pay yourself 1st taking 10% of what you make and saving and investing that money wisely so that it may work for you. What I have gained from it is that I will start budgeting in my 10% for myself, it is a bill and investment into my future. This is also allowing me to see that simply saving is just not enough, having the knowledge of how to let my money make money is definitely important as well.

  • Nicole J

    This really made me think about 10% of my earnings and why haven’t I been saving. So, the 10% will also play a major role with my saving goal. Savings equates richer life.

  • Cairo D’era

    The 1st Law of Gold reinforced something that I’ve already been doing. I’ve never not saved money, but I’ve defietely been more consistant about not touching it over the last 2 years (unless it’s something I was specifically saving for). Also it reinforced the idea of investing in order to grow your money. That’s the part I struggle with. I did purchase some US savings bonds.. But I know there are other ways to invest that are a thousand times better. Just never know where to start.

  • Shon

    This passage sheds light for me! For many years I can remember saying ” I am tired of living pay check to pay check.” I just could not see where I was going wrong. But this makes a lot of sense. I am living pay check to pay check because I never take the 10 percent of my income and save it. I am taking all of my money trying to pay bills and keeping them current. Instead of making sacrifices with bill money buying things we need. I should sacrifice 10 percent for the future. “Stop living in the now”, Is my take away from this passage.

  • Tiffany Griggs

    I was always taught 10% tithes & 10% savings first, then bills. Haven’t always followed that but should have, as I believe I would be in a much better position today. Speaking for myself, I’ve earned decent money for a while, but haven’t been a good steward over it. So grateful to have had this information come to me; an opportunity to RENEW my mindset and RESTORE my finances. Thank God for second chances! Blessings to you Budgetnista for what you are doing. God speed to you all!

  • Lisa Watkins

    Day 1 completed yesterday (6/10/16). 3 Goals: 1. Save $1800 by 12/31/16 by moving $300/month to a savings account 2. Increase my 401K contribution by 1% annually when I receive my raise. 3. Give myself a treat on a monthly basis (can only spend up to $75). I will move $75 into my “play” account monthly.
    Day 2 – My takeaway it takes time, consistency and determination to build a savings. By being consistent with savings is the springboard to preparing for my retirement years and being able to help family and friends when the need arises.

  • Marcia smith

    What I got from this is the same as what I have always been taught on a religious level, give 10% and it will come back to you. I need to change my mindset to pay myself 10% out of my check each pay period and put it in an interest earning savings account.

  • Tanisha

    I have heard this principal before: pay yourself as you would your bills…. however the difference here is paying yourself FIRST. Just as Arkad staTed it was difficult at first to do it and not touch it but it eventually got easier as time went on. You have to change your mindset.

  • Jes

    After reading this I realized that I have been sitting 10% to the side for a while but I been dipping into it. Now I MUST focus on not touching it AND allow it to grow so I can meet my saving goals.

  • Melinda Terry

    This read was a good reminder of principles i had read some time ago but have failed to continue in my own personal budget. While I have money going into savings I have used those funds for non-emerency purchases. Moving forward, it I put it in savings it will remain in savings until I have an investment opportunity to increase my savings. But the biggest lesson I got was not to get advice on investments from someone who is not working in that area…i lost $1000 last year alone by doing that. Lesson learned.

  • PrincessCarr

    I’m a little behind with my daily challenges but I have time to catch up now. I am so excited and encouraged about my choice to take on this challenge. I’ve told my sister-in-law to sign up as well as my mother and brother! This is telling me to allow my money to make money. I have to remain disciplined and not dip into that which is growing.

  • Regina Thomas

    I read the passage before the paragraph and I gathered it is important to be wise or knowledgeable about how you invest your money. Also, try to take 1/10th of your earnings to begin saving.

  • Amanda S.

    What I took from this chapter was a plan. Start saving 10 % of my income and invest it, to build my financial wealth.

  • Tricia Weis

    Thoughts out of this story;
    1. you have to appreciate self
    2. have the desire and the “want”
    3. be in an allowing state of mind for receiving the answers
    4. make the decision to move forward
    1 remember to pay self and live off of what is left
    2 take guidance and trust in those with the subject skills
    3 & make the money work for you … putting out and allowing even more to come back in
    Very good! When you are naturally a “giver” along with being a mother with many kids…paying the self is easily forgotten; or, that account is easily tapped into.

  • CH Spencer

    If I save money, more money will come! I love it. Never thought about having more money when you save more money. INTERESTING!!! 10% easy to do. I know I can do this. I just know it.

  • Toni Exford

    Ten percent, is what I pay for tithes, which is what I believe in bibically, so now I must also apply this principle and dedication to my personal savings.

  • Maria Spottsville

    If you take 10% of your earnings and save or properly invest it, it will provide for your future.

  • Kimberly

    I completely agree with this law. The less you save, the less you have in your pockets. It’s almost like the money just disappears.

  • Janelle

    My take away from “The First Law of Gold” is: take 10% of what I make each pay and invest and/or save so that I can make my money make more money. I give my 10% in tithes but I need to increase on investing and/or giving to myself to 10%. I will begin this process and invest in me.

  • T. H.

    Hello and Thank you for sharing all of your financial knowledge. It has been of great help and in a time when I am very OPEN to changing the way that I handle my money.

    This particular part stood out to me: “Any man who will put by one-tenth of his earnings consistently and 💰invest it wisely”💰 Lately I have been shown the importance in not just investing in savings accounts that yield an interest rate, which is good, but I am understanding the importance of using my money to invest in myself. Investments like taking a MasterClass to learn a new skill (that will yield income) or investing in your emotional, physical, or mental state are good investments as well. I’m not sure if this was the intended takeaway lol but since I strongly agree with investing various levels this is what I got from it. 🙂

    Thank you!

  • Iyshah Seals

    This was an awesome reading for me. It was an eye opener on how unconscious I am on the true meaning of making and saving money. I will keep the five laws of gold in my wallet and posted beside my bed so I can look at it in the morning and pull it out my wallet when I get that emotional impulsive need to spend money on unnecessary things. All I have to do is put a portion of my income aside and focus on dream and the Universe will put things in motion. This will help me save on my dream to flip my first house.

  • Kamaria Beamon

    So, I’m starting the Live Richer Challenge 6 months late, lol. From reading “The First Law of Gold,” I got that saving is a large part of increasing your funds. It may not seem that way because it’s separating money that you already have instead of earning new money, but I’ve realized that any money I do not save, I spend. I will apply this to my life by putting 10% of my income in a savings account for every paycheck.

  • Latoya Price

    The First Law of Gold is a little mind boggling for me. I’ve used the first 10% of earnings towards tithing…
    My personal belief is that I’ve been blessed with a career and that first 10% belongs to God and his works. 😬

  • Matilde

    What you save today, you are earning for the future. You are setting yourself to receive more in the future if you work hard today.

  • Tiffany

    My take away… If you can save a little now it will come back tenfold later. It’s a very similar idea to tithing.

  • Sabrina Sweeney

    I’m two days behind, I decided to save $800.00 by Oct 21st. I like to form a habit of saving my motto will be “paying myself first”. I will start eating home more as I already formed the habit not eating fast foods, it’s me going to restaurants. I’m also putting away a dollar a day in my piggy bank.

  • Sabrina Sweeney

    I’m two days behind, I decided to save $800.00 by Oct 21st. I like to form a habit of saving my motto will be “paying myself first”. I will start eating home more as I already formed the habit not eating fast foods, it’s me going to restaurants. I’m also putting away a dollar a day in my piggy bank.

  • Shawna Bee

    My take away is that I never considered paying 10% to myself. I already give 10% to God but in order to be more proactive about saving I need to start paying myself 10% too. It changes my entire way of thinking about saving.

  • Juanita Ritter

    My take away is that you can complaint about, think about, say you want
    to save money or change your financial future but until you actually
    take some action, you will never be able to improve your financial

  • Chinquita Campbell

    I should be saving 10% of my earnings instead of what I am now saving. I will adjust my automatic draft to reflect so.

  • Jeannine King

    I need to work diligently to change my mindset about how I spend money and where I’m placing my priorities. For me this law is about prioritizing my finances in the same way that I have prioritized other things in my life. I need to be attentive to the ways I spend money and what I spend it on.

  • Jennifer Douglas

    My take away is in order to establish a solid financial foundation I need to practice discipline and control to save.If I continue to spend because I have it to spend I will not be prepared for the emergencies that will come about in life. I need to put 10 percent aside and constantly save this amount. I should not touch this money but just let it grow.

  • Marvette

    My take away from the law is:
    If you will first put away a small percentage of your income to savings/investment, you will be successful in operating and creating a mindset not to overextend your income. The more you save, the more money will come to you, because you will change how you “treat your money”.
    When I know that I have adequately saved and have a cushion; in the case of an emergency, for future needs, etc; I am more comfortable with paying down my debt more aggressively, automating my monthly expenses, even saving more.
    Also, 10% is a small portion of my income. This law is very similar to tithing in the Christian Church. If I am unable to live from my 90% of my income, that tells me that I need to alter my spending.

  • Precious Mcclain

    I took away a few things from this law:

    Save 10% of your earnings (every time I get paid).

    Do this not only for you, but you are building WEALTH for your family (especially after you are long gone from the earth).

    Don’t just invest, but invest WISELY.

    I don’t know much about investing just yet, but I will utilize this law by taking a certain percentage of my pay and putting it in my savings account (and never touching it). Also, I will start to learn/become more knowledgable about how I will eventually invest the money I am saving.

  • Mildred Swan

    I really enjoyed reading this passage. I agree with the 10% and feel like i can get a lot out of reading this book. I am seeking work and on a fixed income but plan to set up a direct deposit that can take it out automatically.

  • Kahina Holmes

    My takeaway from this was to not only save 10% of your income but invest it in something you are knowledgeable in so that your money is making money

  • Keishana Taylor

    What i got from this passage is that I need to stop making excuses and start saving money starting with the 10% of my earnings. I also got the notion that you cant be blessed with more if you cannot handle the amount that already have. I always tell people that God will not bless you with a million dollars if he sees that you cannot even handle $10. This passage has me changing my mindset.

  • TQ

    What I took away from the reading is that in order for your money to increase, you must learn to save. Allow your money to work for you.

  • Erhi Akpojaro

    This law taught me that saving is part of a wealth mindset. A rich person is visionary therefore prepares for the future via investments and savings for the family .

  • Dr Moxy

    The take away I received is establishing a healthy mindset with money & money related matters to leverage it more wisely.

  • Nicole Simmons

    Great passage! On yesterday, the first day, I wrote on my goal sheet that I would save $50 a pay period, but after reading this it makes much more sense. My goal now is to save at least 10% of my income every pay period!!

  • Largie

    This passage reinforces the idea of being a good Stewart of what God gives you. Don’t be in a rush to spend everything but instead begin by saving at least 10% of your earnings.

  • Latrice Davis

    The takeaway from the paragraph that I gathered was to save a tenth of my earnings however often I get paid and put into an account that I dont touch to ensure a “safety net” for either myself or children if something was to happen to me. I will use this law to apply one tenth of my earnings on payday to a “rainy day” account.

  • Lisa

    Wow very enlightening! The take away for me was we must pay ourselves first! Something I have heard before but regretfully never applied! I will initiate an automatic withdrawal to a savings account for me and then pay everyone else with what is left! I loved this thank you! And to think This is just the beginning!

  • Antoinette Brass

    The First Law of Gold- Gold attracts Gold.
    Gold must have suitable employment.
    1. A good steward will work towards saving, at least, a tenth of his/her disposable income.
    2. A good steward will find suitable employment for his gold.
    3. A good steward will leave an inheritance for his/her descendants.

  • Yvonnette

    What I took from this law, is that I need to be sure and secure 10% of all of my monthly earnings no matter what happens. It is an absolute PRIORITY! I am most grateful for this wealth of knowledge.

  • Kelly Walker

    my takeaway is that you need to save even when doing other things such as paying off bills. I always take everything and pay a bill and then I run into an emergency or a low month income wise and have to go back to my credit cards.

  • Ashley Gooch

    I learned from this law to focus on my and my family’s financial future not the present (current bills & needs) or past (debt). Of course I still need to take care of current and past financial responsibilities, but with a mindset of saving and building for the future.

  • Ashley Cain

    I weekly have money coming out my checking account to my savings. My mindsets is to make back what invested so I can save more.

  • Catherine Craighead

    My take away is that you have to accumulate money to have more money. It seems like a redundant statement but its pretty cut and dry….in order to see your money grow you must first save a portion of it. 10% is not a lot, when I think about all the money i spend necessarily. Saving is possible! Its all about the mindset

  • Renee D

    I believe that this excerpt refers to paying your church tithes. When you give 10% to the Lord you shall receive that and an abundance more.

    Its teaching you discipline and patience.

  • Amaka

    what i learnt from the first law is that GOLD will come to me in increasing order if i put aside 10% of my earnings to create a beautiful future for me and my family

  • Britt

    My understanding of the passage is to invest 10% of your earnings in yourself (my first 10% will be to God). Both investments open up the doors of abundance in increasing my savings and allowing God to work blessings over my life. Sad thing is this is such a simple task, but takes much power to do. I must challenge myself.

  • Monisha McNary

    What I got from this paragraph was I should be putting 10% of my earnings away every time I get paid. By doing so my savings will slowly accumulate over time. And I will always have something to fall back on if I ever fall on hard times or get into any other financial troubles in the near future.

  • Nataki Garrett Myers

    The First Law of Gold is a very hard one for me because we live Paycheck to Paycheck and it feels like every dime we make is already spent. Saving 10% is a little overwhelming. I keep thinking that If can just get a hold of my debts then I can apply this law but I know that its not true. That we must start saving while we pay our debts. Even as I type this I’m clear that we must abide by this law to get out of the pickle we are in.

  • ShaKira Smith

    From the excerpt I feel that it is imperitive that I pay me first and set aside 10% per paycheck in an account and forget about it.

  • Dizexhaled

    My first thought was 10% is a struggle, especially when you live paycheck to paycheck. But after thinking about it, I can also see how making the effort to put that money aside, helps to shift your mindset. We always seem to find a way to make our circumstances work & work with what we have. So why shouldnt I include savings in that. Sure it will be hard at first, but as time goes on, I will adjust. So I’m committed to doing this each pay. Honestly, as my savings grow, I’m looking forward to the mental peace it will provide.

  • Lisa

    Reading that passage confirmed me reprioritizing my savings goals that I set on day 1.

  • Whitney

    What I have taken from this lesson is that even though my husband and I are business owners and paychecks are not consistent I can still be saving when they do come in even if it is a small amount 😊

  • Johnique Fannin

    What I am able to take from reading “The First Law of Gold” is that by putting away at minimum 10% of my BI-WEEKLY earnings, I can invest towards my savings account ultimately guiding me towards by goal of saving $ 1,000 by Jan 18, 2017!

  • Arlene Jackson

    I am currently saving 8% of my salary in my 401-K account. Will gradually increase this to 10% over the next 3 months. My take on this is that you pay yourself first and this is the beginning of wealth.

  • Tykeshia Wiggs

    My take away from the law is to put up 10% of my earnings to ensure good financial mindset and for the near future. Not just for me but for my family.

  • Trice

    This law helped me to see that I have been on the right track. Since January 1, I have been putting away a little over 8% of my income biweekly. I fell a little short because of vacation last month and the first pay of this month, but I need to get back to it and increase it. Thank you for the reminder.

  • Nicola Lewis

    Reading this is just a reminder how to save. I already knew this principle, but never applied it to my life. This is just like your tithes 10% to your Source and paying yourself 10%. Basically, your budget around what you have left once you deducted 20% of your earnings! I just have to put it into action.

  • Alana Davenport

    I learned from reading the Laws of Gold that a fool and his money are soon parted, and that you have too surround yourself with people that have made wise decisions about how to turn their money into more money, people who look at the bigger picture, people who make a plan and execute it and have success from making wise decisions. I learned you have to save something for another day.

  • Tenae Edwards

    I enjoyed the first law of Gold. My take away is that it is pretty much like tithing. Pay myself 10% along with my tithes and God will take care of the rest financially and more. Im excited to have joined this challenge and financial freedom journey.

  • Monique Williams

    💜Take home point: Invest in yourself and watch the seeds of your yearning grow. Your biggest investment will be yourself. So invest wisely and attentively. 💜

  • Mommii OfTwo

    I’m sure I read more than a paragraph! This story was amazing! My take away’s were: Save 10% for me too, not just tithe. Take opportunities to make wise investments by seeking the wisdom of those around you with the experience you’re seeking and avoid “get rich quick schemes”. I will be starting today by investing 5% in my retirement fund and 5% in my savings.

  • Abiola Macaulay

    My take away from this is very biblical and teaches that you can save for your generation if you can pay yourself 10% each you are paid your salary.

  • Lotus BC

    I will start saving 10% of my earnings. That’s what I got from the passage. However I’m not sure if it’ll be 10% every month.

  • iisha

    day I read the “first law of Gold” … my take away from this read is that I am responsible to saving at least 10% of my paycheck in order to create a better future

  • Body & Mind Wellness

    Great book selection- I read this book about15 years ago. The first law of Gold is to PAY YOURSELF a minimum of 10%. The take away is to save, seek wise counsel, invest, give back and teach someone else (reach back).
    I will use the online savings account that I’m opening to deposit my 10% or greater. The account will not have ATM or debit card attached. Brigitte

  • Amber T.

    Along with the takeaway in the comments already posted I took from this passage abundance. Saving money is an admittance to self that there is more than enough money for me to pay myself and pay my debts. Often I have not saved because I have operated from a space of lack and deficit but I’m understanding that with this law I will attract more wealth as I set my goals to save at higher amounts.

  • Antonine Jame’se

    I take away from this law: it’s almost like tithing and giving back to God 10% of what you’ve earned. You give back to Him the more He blessed you in return. So again I have to control my excessive spending and change my mindset for the sake of mine and my kids livelihood. I will put this money in an account that I can’t touch or don’t have access too.

  • Angella Gooden

    I have two take ways from this passage..First saving 10% means sets the mindset that there is sense of abundance (the funds will be there for savings) addition, this savings preps us and family for the future. I have a feeling of calmness and stability knowing there will be savings available in the future

  • Sabrina

    My takeaway is that I need to store up 10% of what I make first so that not only I will have a solid future but my seed will also. I will ensure that 10% of my income goes into my retirement account each month.

  • Lachanique

    I think it’s about getting back what you put in. In this case “gold” could represent anything but I’ll keep it with money since we’re talking about saving money. As long as you can condition yourself to save you will always have money and it’ll grow as time passes. You will also learn how to save more by doing this. In the end, you will get back what you put in maybe more if it’s in a bank and accruing interest.

  • Gayle Rozzelle

    This reminds me of the biblical principle of tithing. If I can change my mindset to apply the same principle of tithing to saving then it would benefit me in the end.

  • Carlease Austin

    I’ve read the first law of gold.. It reminded me tithing. If it proves to be true with tithing.. I’m quite sure saving a tenth for my goals would hold promise as well

  • Allysha

    My takeaway from the first law of gold is that you should invest in yourself and your family by putting aside 10% of your income. The more you save the more wealth you acquire.

  • Brie Lightfoot Smith

    This reminds me of tithing. In the same way I give God the first 10% of my income, I should, as my mentor says, “treat myself as a bill” and save regularly. I used to be really good at this but once I met my savings goals I stopped. I know now that I need to get back on it!

  • Rashaida Dimetros

    What I received from the concept of this law is that I have to put as much into myself that I put out. I have always been one to try to stay on top of my bills and manage my debt, I don’t put anything back to save. This helps me to understand that as I’m paying my bills, it is imperative that I invest in myself as well

  • Leslie

    What I Take away from this is put away 10% of ur income and don’t mess with it! Save it so that in the future u and ur family will be set if anything was to happen!

  • Shay

    My take away from the law is that I have to nurture, protect and water my money so that it can grow. I can not plant my money in soil that I have not researched or from soil that has no “nutritional” value. Ultimately, my mindset has to change if I want to create a future for my future family.

  • Mzpechez Gudgurl Johnson

    I will pay myself first 10% of every dollar I make and the more that I do this the more the universe will respond sending more money my way. Being a great steward over little in order to gain much. Renewed mindset and discipline is the key.

  • Jacqueline

    I feel blessed to have found you! I’ve done and read other programs but when I read the Richest Man In Babylon it really did change my mind/life. Thank you for allowing me to read it for free! I was finally able to commit and commit to your program as well.
    I’ve taken the first law and applied it to everything. I currently have 3 jobs and with each paycheck I do the 10% rule! The more I look at each dollar as a way to save the better the habit gets.

  • Sharon Hicks

    Day 2 of the challenge I read the excerpt from the online book. I currently save 7% in my work 401k plan and made several changes in my personal spending. The biggest goal that I acheived last week was I took my lunch to work 5 days, I would spend close to 20 daily eating breakfast and lunch at work. Only spent $20 out of pocket last week. Winning

  • Susan Neal

    My take away is that if it is important to save 10%of my income consistently to create wealth

  • Laurie Pierre

    My take away is that in order for me to see significant growth in my savings, I have to actively, purposefully and dutifully put away a percentage of my funds in this case 10%.

  • Shauntai Arrington

    Money ‘knows’. It knows when it is being used correctly and when it is not. So our first inclination when It comes to money should be to build wealth and a future for generations to come.
    I will use this as a reminder that every penny I waste is one less penny available to my daughter. That when I am fiscally irresponsible I set my daughter further back in the future. Ever money decision I make affects her and its up to me whether or not it’s a positive or negative.

  • Jazz Christina

    My takeaway: Money management is a relationship. Just like your relationship with your family, your friends, and with God, it takes time and work. I have to “invest” in my money management relationship the same way I invest in my relationship with my God and the same way I invest in my relationship with my spouse!

    Thank You Tiffany! And Shout Out To All The Dream Catchers!


  • Sharrelle Flanders

    Applying the first law of gold to my mindset will unable me to maintain a stable savings regimen. I believe the more I save money will be on my mind and I will attract more. A penny saved is a penny earned!

  • Courage Molina

    Such a simply concept to save 10% and it’s not the first time I’ve heard it, but it is definitely the first time I’ve listened!

  • Courtney

    I learned that putting up that 10 percent each paycheck and just letting it sit Will be a reward that’s multiplied x’s ten once you look back at it. I’ve been taught the same concept with church and i can say that I’ve been slacking greatly but when i was giving the Lord his due i was always blessed out of nowhere . I will put this concept towards my spiritual as well as personal life.

  • Camille Lyiscott

    My intake is that I have to take 10% of my salary and save it, only then would I really begin to see my future plans coming into action. It’s like the Bible says you have to give 10% of your salary only then you trully see your blessings(from experience).

  • La-Gaye Sailsman

    My take-away is similar to the Jamaican saying “one one cho cho mek basket full”. Building wealth is not about getting it all done immediately and subsequently feeling guilty and putting pressure on myself because I can’t accomplish this unrealistic goal. Building wealth is about putting money away bit by bit and as I show myself responsible then more will come.

  • Ketty Mrslady Copeland

    My take away from the First Law of Gold…i believe in the power of 10% ..God requires us to give a tenth of all income..for me its easier said then hit and miss want to be able to be a consistent tither. Also ive noticed in past when i gave 10% no matter what was going on…i would have favor with bill collectors..sometimes utility bills lowered. Or someone paying for my food in drive thru ahead of me.

  • April Pace

    Interesting concept. It’s similiar to tithing 10% of your earnings to give to God. I make a point to do that , give 10% of my tithes and pay myself 10% before I spend any money for any reason and it has been helpful

  • Aleisha

    Still reading the book. However, what I’ve learned so far is to save a minimum of 10% of your earnings, invest wisely with companies or people that know about your specific investment idea, be steadfast and never give up.

  • Alexis Ogirri

    I take away from the passage that the first step to financial freedom is to pay yourself first ; set aside your ten percent and leave it alone. I also took from this passage that you should stop there, learn from people who have mastered financial independence how to make your money that you set asife work for you. This makes sense, I love it and i’m excited to get started!

  • Catrena

    Day 2 ” The First Law of Gold.” My take away from this paragraph relates to the importance of tithing. Have you ever heard the saying, “you will reap, what you sow” Well when you sow sparing, you will also reap even more. In a sense, its the law of attraction…

  • Tiana Veland

    Day 2: The first law of gold. I get it. The more energy and priority we put into paying ourselves first and building our savings the more the universe is obligated to do the same.

  • Danielv01

    My take away from this law is if you set you mind to just saving a little at a time and invest well you are guaranteed to begin to build wealth

  • Candice

    I’ve learned to take 10% of my earnings and set it aside without touching it.

  • Shawndolyn Hampton

    In order to create and build wealth for future generations, you must save a minimum of 10% and invest wisely to generate profit. I listened to this book via iBooks months ago, but recently ordered it and it just came in the mail yesterday. Listening is just not the same as reading this sort of information in my opinion. I hope to start a family soon and I definitely want to leave something for them to build on.

  • Jasmine Norman

    What I take away from this law is I must consistantly save 10% of my income for my future and for that of my family.

  • Shernika Threadgill

    It’s simple… Take 10% off the top. Having an automatic draft monthly would work best for me. Out of sight, out of mind!

  • Tynisha Leach

    Personally, the excerpt sounds like what my Bishop has been teaching, pay tithes (the tenth), however the second part sounds like renewing your mind to keeping your mind on the “money” money will cometh. Im pretty sure there is probably something deeper but thats just from first reading the except. ill read again in when i can provide my undivided attention.

  • Deobrah Finney-Greene

    I can definitely see the principle of sowing and reaping, but he also didn’t neglect his own expenses. I have automatic savings put into a separate account each pay period. I agree with Shavannah that my hands need to stay out of it.

  • Destiny Mitchell

    I’m loving all the take aways I’m reading! It’s given me more insight about what it means and I’m seeing it applied in all aspects of life. Essentially if you care for something the better it’ll grow, I will definitely try doing the 10% thing, the thing is where do I invest it? Just for savings or my 401K.. There’s a lot of options..

    • Lyneè Urban

      Destiny, I feel the same. I’m dedicated to saving, but don’t know if I should just keep it in a savings account or start investing it somewhere.

  • betty smoot

    saving has been my most inconsistent task…i can always think of other things to do with the money, such as pay a bill or purchase something that my daughter needs/wants. I am determined to get out of this way of thinking and SHIFT into a #SavingsMindset! The Richest Man in Babylon has been added to one of my favorite books. After reading the first law, i immediately transferred 10% (of both my incomes) into my savings accounts…and i feel great about it! I am declaring favor over my financial status! Thanks Budgetnista for your motivation!

  • Amber51788

    My take away is that you have to put money up for financial security and stability for your family.

  • Lesley Gipson

    The first thing I thought about was tithing to support a church. I have never thought about paying thithes to myself to support my household. What a huge lesson I learned! 10% changes according to your income so there should be no strain. Practicing this until it’s a habit is going to be a valuable lesson to pass on the my children. Thank you for all that you are doing for so many!

  • Shawanda Jefferson

    This law reminds me that I can start anywhere it doesn’t have to be a lot but saving something is better than not saving at all.

  • Lourdes

    I love this portion of the book. It’s nothing I did not know, but seeing it again in black and white refueled my energy to give my WEALTH a better chance this time around. I must do for me, first, before I can do for anyone else. Perseverance and setting goals will become a productive habit. It is hard when you make just enough to cover your expenses, but I will have to learn to cut back and do with less, until this goal is achieved.

  • Regina Renee

    I have the understanding that you should first pay yourself 10% . I do know that sometimes that can be hard to do but I do believe that it works.

  • Karima Abdul-Salaam

    Take aways for First Law of Gold….”be consistent” and diligent with your savings and let it multiply for you by investing it. The more you save and invest the more that comes to you. 10% of each paycheck is definitely achievable and reasonable. Now onto.learning how to invest it!

  • Fanta

    This story (I had to read it to understand the context of the paragraph) is about a mindset change. This is definitely my desire; to change how I look at and respect the finances that I have. If I can just save 10% and not spend frivolously I will be able to see money as earnings to save and grow and not to spend or cover.

  • Agnes Moore

    I will save 10% or more !!!
    Thank you for nudge I will share this program with others

  • C woods

    This reinforced saving and how just 10% will always add up. Put you money into a savings acct that will grow your money and even if you fall short at times, keep going.

  • Trashanna

    What I took from the first law of gold was that I need to CONSISTENTLY put away no less than 10 percent of all earnings and invest and watch my money grow

  • Angelina Strickland

    My take away from this law is building a retirement and life insurance for my family. I always say I don’t have the money to afford a retirement plan or life insurance but I owe my first 10% to my estate, my family, to ensure their stability.

  • Monique Brooks

    Understand the importance of my money. It is a blessing to have a job.But it will not last forever protect myself now rather than later.

  • Lisa

    My take away is to save/invest at least 10% of my earnings. The more I save/invest, the more I will want to save/invest and the more interest I will yield for my family and future life.

  • Miesha Baylis

    what I get from this is all you have to do is start with 10% of earning to begin a new journey of saving and accoutabilty

  • M Collins Smith

    Wisdom is better than silver and gold…and you will not obtain and maintain silver and gold without the wisdom to know how to handle it. The law of attraction applies here too. I heard years ago you have to respect your money regardless to the amount. When you do you create a flow.

  • Adriann

    My take on the first law of gold, is to pay myself a percentage first. I actually learned that from one of my elementary school teachers. He would always say pay yourself first no matter how small.

  • Michelle Rowles

    What I got out of the first law of gold is that just as I tithe to my church I need to tithe to my savings to myself; sow 10% of my income into something that will reap more.

  • Nay

    I agree with everything the prior budget gurus are saying….I like the analogy with Christianity and tithing. I will definitely be applying this same principle of tithing to paying into an account at least 10% of my earnings and allowing that to grow without me touching it. I am thinking this is a good start for a Roth account

  • Krysh Ana

    My takeaway was that I to consistently save 10% of earnings and also be willing to invest it in something beneficial to my family and future generations. Just
    holding on to it serves no purpose, you have to let it work for you to generate more.

  • Yosheka McCloud

    Okay I understand I should save 10% of my income. Should I open another saving account?

  • Jalisa

    My take away from this reading is to take 10% of your income and put in saving for security. Invest in a business or something your are knowledgable about so that you can see a profit. When taking advice, take from a wise person and don’t be tricked or scammed out of money because it’s seem to be quick profit. By reading this I will now set up my direct deposit to automatically take 10% and deposit into my savings. I will fully research the business I’m trying to invest in so that I can make a huge profit. To also take advice from someone who shows the same principles I want to posses.

  • N33ks

    To me , the First Law of Gold means two things:
    1) Any person who saves at least one-tenth of their earning is never in a bind. By a bind I mean anything can happen particulary financial curveballs ex job loss or wrecked car and a person will be at the very least financially prepared to cover financial commitments.
    2) A person who saves is thinking long term and can fund any goal they wish to achieve.
    I also think that the term Gold isn’t literally the precious metal but a metaphor for security and growth.

  • Avery Bright

    My takeaway, “My body is a temple, where God lives. So when I labor, I must pay myself first. So when I put 10% into myself, just a small portion of my income, I place a value onto myself. When I value me I will invest in me, just as I value my car, phone, mortgage, food…etc. So this value will build little by little, day by day, step by step.”

  • Avery Bright

    My takeaway, “My body is a temple, where God lives. So when I labor, I must pay myself first. So when I put 10% into myself, just a small portion of my income, I place a value onto myself. When I value me I will invest in me, just as I value my car, phone, mortgage, food…etc. So this value will build little by little, day by day, step by step.”

  • Avery Bright

    My takeaway, “My body is a temple, where God lives. So when I labor, I must pay myself first. So when I put 10% into myself, just a small portion of my income, I place a value onto myself. When I value me I will invest in me, just as I value my car, phone, mortgage, food…etc. So this value will build little by little, day by day, passed on for generation upon generations building wealth beyond just gold.

  • Avery Bright

    My takeaway, “My body is a temple, where God lives. So when I labor, I must invest in myself first. When I invest 10% into myself, which is just a small portion of my income, I place value into myself. When I value self, I will invest wisely in me and for my future, just as I value my car, phone, mortgage, house, food…etc by paying these things monthly, I need to do the same for self. As I invest in self consistently, the initial investment increases in value little by little, day by day, and this knowledge, this practice can be passed on to future generation building wealth and knowledge way beyond the initial investment of gold, but also knowledge of self-worth and discoveries.

  • Victoria Panna

    My take away: it’s important to change my mindset from surviving to thriving in order to put aside money, which can help me and my family. Between setting up my money market account (for $5k challenge); soon to establish a Roth IRA; investing 5% of my pay into 401k’s; and soon to be establishing Digit, Acorns, and Qapital, this will be approximately 12% of my pay this year. On top of it, not having to constantly struggle and worry about living paycheck to paycheck, getting my financial affairs in order, and reducing my debts (specifically credit cards and car payment) can help me to enjoy the present moments in life. I may not spend as much as I did before, but my motto this year is “no;” no to excessive spending; no to giving things away; and no to doing things that put me in an awkward position. It’s okay to take care of my being (emotionally, physically, mentally, intellectually, spiritually, financially) before others. And spending has become a substitute for overeating (I had bariatric surgery in June 2015). I need to recommit my finances and 10% is perfect!

  • brooklynnoriginal731

    My take away from this “law” : It’s tithing that tenth of our income that we give to God, which enables Him to move on our behalf in the area of blessings. The tithe is that tenth of our income that we give to God, which enables Him to move on our behalf in the area of blessings.

  • P N

    God says that he will bless my 90% after I give Him my first 10% (tithes). So I should be able set aside another 10% for my future from the blessed 90%. I do first-things-first, I should be able to do this.

  • Charaun

    My takeaway from “The First Law of Gold” is that the only way to save money, and to make sure I can provide for my family, is by consistently saving 10% of my earnings. Reading this has put me in the mindset to want to save as much as I can. I will open a savings that I can’t touch and I will have the strength and determination to save 10% of my earnings on a consistent basis. The more I save, the more money I will make. I will be able to build my balance and earn interest on it as well.

  • Wanda

    Hello, my takeawy from this passage:
    1. set a goal and save towards it
    2. set a deadline to reach the specific goal
    3. invest
    4. be willin to learn from someone succeeding in that area

  • Amber

    1/10 seems like so little, if I can tithe it, I can save 1/10 for myself as well.

  • Ayoka Huff-Johnson

    The concept of paying yourself first is one that people say but they often take it to mean to treat themself first but saving 10% and then finding a way reinvest it to build wealth is the simple but challenging concept. Through the wonderful information and support here, I know I can do this and meet my savings goal so that I can relocate before the end of 2017!

  • Lakisha Liggins

    My takeaway message from the “First Law of Gold,” is that saving money is important and critical.

    Saving 10% of your earning over time will continue to grow, putting you in a better position to be able to rely on such funds during hard times and otherwise.

  • Apryl

    First law of gold takeaway….Omg I have always tried (unsuccessfully) to try to save 10% of all my income. It seems like such a small amount but grows very fast. Any-who, to be successful this year I have set up my direct deposits to automatically transfer 10% to a capital one savings account. It would take a minimum of 2 days to transfers from this saving to my checking account so by that time whatever crisis I would have dreamed up in my head would be resolved.

  • Tynise

    What I got from the 5 Laws of Gold is that I am responsible to save 10% of my income, also I should try to grow in the business that I am in, whether is means going back to school, taking training just overall get more knowledge of whatever business which can ultimately make your business better.

  • Licia

    From this law I believe that if you give 10 percent of what you earn that youll gain more.

    I’m going to give 10 percent of any income I have to God.

  • Elizabeth Reyes

    So I totally get saving for ones future. Is this different than paying yourself first through 401k?

    The biggest a-ha I got was not only to give ten percent of your earnings but give an extra 10% of yourself in everything (relationship, work, family, etc..) specially now during new year reaolution time.

    I am planning on applying this to my physical wealth as It is very poor now. Maybe give 10 percent if my time towards excersice, add an extra 10 percent more vegetablea in my plate and reduce beef and pork 10%.

    Wealth and future wealth is everything from family to faith to friendships to work.

  • Lois Samuels

    since some of my money is in a joint account for bills, I am going to put away 10% of what comes into my spending account

  • SimplyMo

    The take-away from this is that I am not putting enough money away to build a nest egg for my family. I will have to review my budgets and see where I can cut costs to be able to increase my savings contributions to 1/10 of my income. Currently, I am putting in 1/20 of my income and using the rest of my disposable income to pay down debts.

  • Susanne

    My takeaway from this law: stop thinking that I have to put away big amounts of money to save/accumulate wealth. I’m excited to see where this challenge takes me!

  • Regina Briggs

    i am very pleased with everything i have read and it makes me feel really good to be headed in the right direction with some right-minded people.

  • Tamisha Binky Williams

    I like the idea of having the 10% automatically go into a savings account. One of my goals was to restart my savings account, which I paused during some financially challenging times. The automatic transfer helps me with accountability in making sure it happens on a regular basis.

  • Christine

    The fist law of gold is mindfully saving, without feeling like you are hoarding all of your money away. The accumulation of your savings get compounded over time and draws in more money — “The gold which I save earns more, even as
    yours will, and its earnings earn more…” My takeaway from this is to set a goal for building wealth. My goal will help me to measure my progress or lack of. As my finances progress, my wealth will continue to increase.

  • Jeannie Martin

    I’ve taken away that I need to make a nest for myself to better rest in the future. Take time and planning to make my nest bigger. And the more I work for myself and my money, the more it will do work for me!

  • Shantrell

    What I got from this reading is that changing your mindset is the first step in building wealth. If you automatically save 10% or any other amount you choose, you never have the opportunity to give yourself excuses about why you can’t save and where the money will come from. You learn to budget around what’s left instead of budgeting with savings as the last priority. In doing so, I’ll never be broke and teach this to my future children, thereby preventing multi-generational poverty and bad money habits!

  • Tam Graham

    My take away from this law is: In order to become disciplined and allow money to work for you, it’s best to build a foundation for Myself and My Family, starting with saving 10% of my income every pay date. set in an account that I will not withdraw from,

  • I am convicted (again) about this potent principle. I will start paying myself “first” and building my wealth knowledge.

  • The take away for me is that, I finally got it! The light bulb has shone brightly in my mind. I’ve had this book for years, even read it. At the time, I was in survival mode that my mind could not comprehend the wisdom-gems that is so clear to me today. I am Praising God for the re-visitation! My life has just changed. I will be paying myself 10% BEFORE anybody gets any of my earnings. Thank you @thebudgetnista:disqus for responding to your “calling.” You are definitely a God-send.

  • Shatonya

    What I got from this is that I was sort of already on the right track by putting 15 percent into my 401k. I learned that I could use my savings to invest in something to possibly double the amount I am saving. I think that once you have in your mind you are putting this away and forget about it, you can easily build up your money. This is not only for my use, but for my family if anything were to happen to me.

  • Layla

    The first law of gold stresses the importance of saving AND investing those savings. Wealth is built by putting income aside and using that money to create a more secure future for yourself and your family.
    That’s how I see myself applying this law in my own life.

  • sheilondaD

    This is Day 2 of my challenge. When I first read this it reminded my of the bible. If you sow a seed. More will grow if you continue to save. I want to learn about money and how it works. Wow

  • Juanita Ruff

    Read the first law of saving 10 percent of income to increase your wealth.

  • Felicia Simmons

    The man became rich when he learned and applied the following tenants: Pay yourself first; Take advice about money from experienced professionals; Invest your money so that it grows.

    My plans:
    1. Save something! No matter how small the amount, I will save part of my income.
    2. Discover my talent that can be turned into a stream of income. As an experienced teacher of over 10 years, my goal is to blog about classroom experiences to help other teachers.

  • Carla Payne

    I took away the following things from this reading:
    -If you save the %10 you will be blessed with more.
    -By saving some of your income you are being fiscally responsible by planning for your future.
    – When you save your money it becomes more valuable (collecting interest).

  • Janice

    My take away is to put 10% of each check away & watch my rainy days become sunny 😃.

  • Rae Olamijulo

    It’s interesting how something as simple as 1/10th of our earnings to save for mine and my family’s future is such a daunting task in the face of instant material gratification. I definitely needed to read that today.

  • katrell P

    Save 10% to me first then budget my living funds and increase with those funds of I can without losing.

  • Jewel Bass

    My take on this is that I should be saving 10% of my earning for myself. I give my 10% in tithes but never to myself.

  • Eva

    My take away is that I must be conscious and deliberate with saving money. It takes a plan to achieve a goal and my goal is save with regret and my plan is to control my money and tell it what to do.

  • Eva

    Without regret

  • Lynnelle Lee McCall

    I just read the First Law of Gold. My takeaway: Always put no less than 10% of earnings into retirement investments. My action: I had stopped my 40lk to help my college sons, but now that they are independent again, I just went in & changed my 401k contributions from 0 to 6% of my gross income. Since my company matches $ for $ up to 6% plus another 4% every January, my retirement investments are now 16% of my gross income. This should help get me on track for a healthy retirement.

  • Diana Banks

    After reading the First Law of Gold, my take is that you have to start some where. By setting aside only 10% and leaving it there it will eventually grow. Although at this point I may not be making a lot of money, taking a small portion of a little each time will eventually add up to becoming a lot in the long run. Plus it builds habit, for when my income increases.

  • Louise Shorts

    As I meditated after reading the paragraph I came to a tough reality check that made my eyes water. My financial life is in this very position due to my own actions. The principle of setting aside a tenth I have only associated with helping to further God’s house, and not my own. This basic principle I always used, just not for myself. God has always given us wisdom to get wealth through simple disciplines, I just wasn’t paying attention. Going forward, I will apply the same principles of discipline and consistency to my financial life. Setting aside no less than a tenth so that i can build wealth for me and my family’s future. It’s never to late to make a change when you see the big picture.

  • Thelma Starnes Irby

    Made me realize that I need to develop a healthier relationship with money.

  • Geraldine Logan

    I realized something.. I have last up to last year l use to call myself late bloomer started IRA moderate and annuity. Withdraw from my bank account automatically. I had made my mind up although went through the guilt shame of not knowing how and should have done this early in life. I’m 62 now. “Better late than never, better something then nothing”. I don’t miss it God/Divine/Universe/myself still taking care of me and I’m taking care of responsibllites I don’t miss it. So trust this same mindset put a little in regular savings weekly from work. Don’t think about it. I won’t miss it. And it’s all working out anyway. Why didn’t I think that way before🤔🤔🙋🏽‼ DOIING IT NOW🙋🏽‼ Thank you. Oh I love this ebook have to admit read 40 of the pages and omg clear just makes so much sense🙋🏽‼

  • Jermaine Hughes

    I was actually reading this book last week. So what I thought about was creating a savings account for this. So I did create a savings account in Friday. I have one for emergencies, one for 10% and one for Christmas and for annual things like Christmas and registration.

  • Kimalee Ford

    This paragraph references biblical laws in which I believe. One that sticks out is “tithing”: giving 10% of your earnings back to the church in order to enlarge your financial blessings. I also think this paragraph is talking about investments and primarily building on something that can be beneficial to future generations. I will apply this to my life by dedicating a portion of my earnings to a private account every month. It will be a secure place where I can put my money so that it won’t be abused or friverously spent instead of being invested into the future.

  • Neconna Malone

    I noticed, as many of you did, many biblical references. I struggle with tithing and have been working hard to be faithful with my 10%. After reading this I realize the importance of saving the same. I know this is something that I can do. My prayer is to become a faithful tither (is that a word???) and saver. I can do this!! We can do this!

  • Uilani

    Wow! That was Powerful and most of all Truthful. I can say I agree. once you Earn you have desires to want more therefore the universe gives what you want!


    What I take from this reading is you must pay yourself first for your future and your families future. By being patient and having control of your impulses allows you to have a lasting impact on the ones who need you the most, family! Reap what you sow!

  • Sophia Butler

    This was a great paragraph. Pay yourself first and invest that 10% to ensure future income. With that being said I’m going to increase my 401K investment to 10%.

  • Bjoy Ihavepeace Edwards

    I really have been enjoying this challenge so far. I really want to be successful at securing my legacy. What I took from The First Law of Gold is that in order to have a solid and successful future and legacy I have to make sure that it is built on a solid financial foundation. It meant more to me in the area of passing down healthy financial habits vs just having “money in the bank”. If my future and my legacy are as important to me as I say they are then I should be doing everything I can to make sure that the financial goals that I have set get achieved and I am continuously in a learning and growing position so that I am continuously securing my future and my legacy. This was awesome and I can’t read to carve out time to start reading the book!!

  • Antwanya Shaw

    Amen. Definitely something I’m trying to practice biblically. Love the First Law of Gold.

  • Whitney Alexander

    This law took me straight to church! I am an avid tither but never considered doing to same for myself. I guess I was blinding thinking staying loyal to my tithe will make everything fall into place…but I need to remember to be GOOD STEWARD over the little that God has given me, so I can show him that I can handle and deserve more. I need to take care of my little bank account now, so I can get to handle a bigger one!

  • Makyra Penny’

    I just need to continue to but money aside, invest it, make it work for me…anything other than abusing the gold that comes to me. I’m already in the habit of putting money aside- I put $ a month in a checking account I don’t touch (try not to touch), I put $ a month into my mutual fund- and this is money I don’t include into my budget bc I still put money aside in my regular savings account. Just have to keep thinking that this is for my future even though I want to live today– it will benefit myself and my future family greatly.

  • Eryn Arrington

    First Law of Gold: To me it simply means that if I seek wealth I will have to invest in myself first by saving and planning. I will use the first law as a rule to live by so that I can have the financial freedom that I desire.

  • Danamichelle

    After reading The First Law of Gold passage, I immediately thought of how important savings is and that if one is willing to be consistent in his/her saving regularly it will make all the difference in present and future life. What I also took from this passage is that there are benefits to being committed, one’s wealth will increase

  • Melisha BlackTruth Bryant

    This paragraph resonates with me because it points out the wisdom and intentionality in saving and investing. My parents did not do well with money and therefore, I grew up financially illiterate and lacked discipline in managing my money. My always tild me to save 10% of my income but she never said why and my parents often had to spend their savings. This paragraph explains why it is wise to save and invest at least 10% of your income “Any man who will put by one-tenth of his earnings consistently and invest it wisely will surely
    create a valuable estate that will provide an income for him in the future and further guarantee safety
    for his family.”

    With God’s help and favor, I want to create a valuable estate for my children and their children’s children, which God tells us to do. We should leave an inheritance and a financially literate legacy for our children. My security does not come from my wealth, I would be a fool to think that. My security comes from knowing the One who has blessed me with wealth and who desires that I increase my wealth by investing it so that I may give generously and build intentionally for His glory and my family’s benefit.

  • JuShara C

    I agree with the concept and it reminds me of the scripture of planting your harvest to make it plentiful.!!!

  • Shana

    The paragraph was short but informative. It makes you think about how to increase your income with your current income. By saving you can also increase it and that’s what I plan to do.

  • SlayQueen Aquila

    Great read! I definitely plan on reading the rest. My takeaway: Begin to save a minimum of 10% of your net income. This is not to say that you can’t save more. My plan: Since I am close to paying off debt, I plan to put and additional 10% of my earnings toward paying off my debt. Once the debt is paid, I plan to start to save 10% or more of my income to go toward my ultimate goal.

  • Ratundia Jones

    Okay, I am behind in this challenge, so please forgive me. I just read “The First Law of Gold.” Although short, this paragraph was very powerful in its message. What I took from the passage is that one must began to wisely save and invest at least ten percent of his/her earnings if he wants to live a life of financial security, not only for himself, but his family as well. Following the strategies from this reading, I plan to save monies from each paycheck that I receive, starting this month and continue through the end of the year. The monies saved will go towards an emergency fund and an investment account.

  • Sakita Sistrun

    I learned that you should put 10% of your earnings aside for savings and you should invest this wisely. I am working on putting 10% of my take home pay aside. This is an awesome principal. I will start this in August. I would love to know how to invest and make this grow.

  • Sharon Doe

    The First Law of Gold is an important principle to live by. It emphasizes the importance of saving at least 10% of your earnings so that it may earn interest (and even compound interest) over time. This way, when you’re no longer able to earn you and your family will have provision.

  • Kelsey G.

    No matter how much you make, you should be ideally saving 10% of it every time.

  • Karima N Rose

    The more consistent you are with saving 10% you will not only grow your wealth but begin to find ways to save even more.

  • Joyce Jolly

    After reading The First Law of Gold from “The Richest Man in Babylon,” it confirmed that to attain wealth I must do the following: First, I must give. A closed hand cannot receive more. Second, I must consistently save and invest wisely. As Albert Einstein said, Compound interest is the eighth wonder of the world. He who understands it, earns it… he who doesn’t pays it.

  • Sharon Claiborne

    pay yourself….10% of my earnings…..

  • Gillian James-Pinckney

    I read you should save a third, spend a third, and give a third. Maybe that was for just children. 10% seems much easier

  • Jacqueline Smith

    I’ve read The First Law of Gold over and over. I agree with this law! I give a tithe of 10% to my church, hence, why wouldn’t I save 10% of my money instead of any willy nilly amount. Consistency and regularity will lead to more increase.

  • Daphne Wilson

    First Law of Gold Pay yourself 10% goes to savings. Provides security in the future.

  • Bianca Henderson

    After reading this paragraph, I have learned that 10% of your income should be put either in savings or investments. When I graduated from college, the pastor at the church that I went to by the school told me to make sure that I have always do 10% tithes and 10% savings. That 10% will help me to make sure that I am fnancially stable especially in the time of need.

  • Ashley Oldham

    The 1st Law of Gold puts emphasis on increase in your earning once you put aside 10% of your Gold (In our case today, cash). I will say that Gold actually has value, fiat currency doesn’t. However, if placed in an account that brings interest is always good. But the discipline of saving 10% of your income is very rewarding! (Helps in case of emergency, an actually inheritance for your family, etc). I’ll apply this by saving 10% of all my income and placing it in my acct as if it never existed, and over time the account will increase tremendously!!!

  • Jenny

    I’m a little late on these tasks but I believe better late than never.. my take away at this point is realizing the sacrifice that’s needed to put that 10% away. It makes gut be a good amount but we have always found ways to get material things or something that we wanted. So I should be able to find a way to balance out my bills and save that money.. I just need to work a bit harder.. if it means paying minimums on my credit cards for a while then so be it..

  • Monique Graves

    The tenth that I read about in “Th First Law Gold” made me think about how important it is for me to give God a tenth of my income. Even though the author wasn’t talking about returning tithe and offering, however for me this is a crucial component to my financial success

  • Chanelle

    What I got from the first law of gold was that in order to have an abundance, yoh have to be a good steward over your household and protect (save) and invest for yourself and your family.

  • Misty Brown-Rodgers

    Put up no less than 10% of earnings to create an estate for his future any that of his family. This is a reasonable practice and is a small amount to consider with larger families. I’ve always had issues because I felt it difficult to save when my 4 kids always need something. Reading further it discusses saving over 10 years and being bountiful. This emphasizes having patience and give your savings time to grow.
    -Angelita Rodgers

  • Ashlee Lytle

    My take away from this is that building a savings does not require huge amounts of money. Giving a tenth of your income will get you on the right path and habit to accumulating a savings. Some people live paycheck to paycheck and saving money is more or less a foreign concept, but just saving a little bit consistently can make a huge difference. It also has some biblical implications as well: Abraham gave a tenth of all he had to the Lord. It may not be much, but give willingly and gladly!

  • Renae Myrie

    The key takeaway is compounding. Let the principal and interest work for you and accumulate over time.

  • Tina Johnson

    I agree with Ki-Ki! I was always taught to give 10% of my income in church (tithes) but was not taught to save 10%. This paragraph makes complete sense to me and reminds me of the saying it takes miney yo make money. Looking at it from the view point that money is drawn to itself.

  • Tamika

    The first law of gold describes how you should invest 10% of your earnings for you and your family. The first step is about putting back for yourself. Which by doing this, I am guaranteed to meet my goals of what I would like to save up for. So exciting. My accountability partner is my dad.

  • Rasheedah Deboes

    The first law of gold shared so many nuggets to keep me focused. 10% is not a large percentage, however it is enough to make an impact. This principle shows that wealth will come when it involves helping others (family). I have a responsibility to contribute to my success and it is an option to anyone willing to practice this principle. I plan on keeping these key points next to my goals, so I don’t forget my foundation for goal. I really appreciate the information.

  • Janneza Rivera

    The paragraph was a good reminder of the importance of being wise with our finances. We can simply start with investing 10% of our earnings. I love how many have related this read to the biblical principle of tithing. I definitely agree that this is a great investment. I will definitely continue to invest in God’s kingdom. I will also open an online bank account to save 10% of my earnings. I like the idea of having this money automatically withdrawn from my account into an account that I cannot easily touch.

  • Tiffany Love

    As a spiritual being, I must say that the paragraph is profound in that aspect of spiritual terms. It confirms my due diligence as a tither. Regardless of any amount that I have, 10% is automatically taken out to give unto the Lord. If I am steadfast in this practice the Lord will bless my 90% in which I have remaining.

  • Alnita Coleman

    To me the title of the short story caught my eye and it was like a bulb went off. It’s the same as tithing. We give God the first 10% so I said why not give your savings the next 10%. I never thought of doing this. After tithing, I would just not think about saving anything. However, I am ready to start saving and have a valuable estate.

  • Quan Williams

    What I gathered from the First Law of Gold is that saving is a imperative in order to create a stable future for your family, and investments. If we don’t set aside some savings, we more than likely will end up spending it on unnecessary things.

  • Sierra Hill

    The first law states that you should put away no less than 10% of your earnings for savings and investments to create financial security for you and your family now and in the event that you are called home to the heavenlies. It also says that those who use and handle money wisely attract more money into their lives and that wise and sound investments create opportunities for multiplication.

  • Sheena

    First Law of Gold prompt us to save for the future and invest wisely.

  • Evette Noel

    1st law of gold is to either save 10% of my earnings or invest it but be wise…it will definitely take me to the next level…

  • Rhosheda

    I love the first law of gold. Believe in law this hold hearty I always try to sow my 10% back into my church. So I’m on the right track.

  • Theresa Hamilton

    The first law of gold. Invest 10% for your future. I will start back investing 10% in my retirement fund. Sometimes I get so caught up in the right now that I forget about tomorrow. In all the getting get understanding

  • Erica

    Today I learned how to save without overextending myself. My car will be paid off soon so I will be able to use some of this money too for savings; right now I am not really missing this income. I also noticed the other day how much I tithe to God and looked at a statement from Church. I am blessed!

  • Kastasya Jackson

    The First Law of Gold brought forth the beauty and benefits of being prepared early. It really emphasizes that a little goes a long way. I plan on using this strategy to ensure my financial stability; be it that I am very young and I have my whole life ahead of me, having a lumpsome of money saved for anything major would relieve a lot of stress that may come later on.

  • Carynne Haye

    The first law of gold states that if you put away 10% of your earnings it will eventually accumulate into greater savings and income for yourself. This reiterates to me that you must invest in yourself and your savings in order to increase your wealth.

  • Kimberly Ni’Cole

    This supports what has been taught to me!!! Pay yourself! Atleast 10%

  • CynicalOne D Wills

    I forgot to post my response. I have a Saving account that I open last month with Navy Fed.. So I am #MagnifyMyMoney. Thanks weekly deposit, so I’m trying. Day 2 The Richest Man in Babylon.

  • Dacia

    Being able to save 10% is great, but the concept would work the same with 5% or any amount. I say that because sometimes we can put an unnecessary strain on ourselves, trying to meet the expectations of others. Not that the 10% is not a great idea, if it is doable for you right now. Just remember that any amount being saved, with consistency will grow.

  • Dominique Wallace

    The First Law of Gold is stating to create a safety net by saving. Once an individual makes a habit of saving not only can the individual save, they can also invest. Once they invest and make a profit, put AT LEAST 10% back in the savings. Continue to repeat the cycle and train/teach the family also so if the individual were to die then the family would know how to take over the finances.

  • Delliese

    My Mom used to always tell us ( myself and my siblings) pay yourself FIRST! This law very simply quantifies that for me. Thank you @Budgenista for exposing us to this simple yet profound information.

  • Missy Melvin

    I took it upon my self to put 11%of my pay into my retirnment(automatically).Also I am making an attempt to put 10 of take home pay into my saving(total 21%)…let’s see how this works.

  • Marlene Miles

    This paragraph means pay yourself first and provide for your family and any emergencies that may come about. Learn how to save and invest.

  • homemadelove

    I’ve heard it before, but never did it. Today begins a new way of living and saving!

  • Krissy

    I began savings 10% percent of my earnings about 2 weeks ago after listening to Iyanla Vanzant. This chapter serves as confirmation that I am on the right track!

  • Britni Perkins

    I feel it is saying that if I can save or invest 10% of my income consistently. I will provide a great future for myself.

  • Felicia Hurst

    10% tithe + 10% self = live within your means on what’s left!

  • Jessica Leveque

    I got that as you earn saving even the smallest amount will help for your future goals .

  • Betty Wright

    The First Law of Gold says to me that I need to put away 10% of my earnings away so that there is an inheritance left for my children and my children’s children. So if anything happens to me my family will be taken care of.

  • Melissa Watt

    I thought he was saying not to foolishly spend your money

  • Latacia Campbell

    Invest wisely and put 10% away for savings consistently and you will have financial growth is what I interpret from the passage.

  • Pauline

    Does The first law of gold apply to retirement? I try to save in a variety of ways, but I wonder if planning for retirement counts…

  • Bebe

    The first law of gold states the a person who consistently saves away 10% of their earnings, each time, in their savings and/or their investments will see that they will create financial stability and security for themselves. It also states that literally anyone can do this and it’s not just those who are rich/wealthy.

  • Shikira

    Saving diligently and consistently %10 of your income, no matter how small that may be, as an investment in your future will put anyone on the right track.

  • Shikira

    I opened an account with Alliant Credit Union and will dedicate %10 of my income to this account to build a proper savings.