Pillars of the 1346 Plan

1. Pillars of the 1346 Plan
By: Dean Vagnozzi

2. Pillars of the 1346 Plan
Financial advisor Dean Vagnozzi is committed to dispelling common money management myths
and misconceptions through his in-person seminars. Dean Vagnozzi also founded the financial
planning firm, A Better Financial Plan and offers sound financial advice based on the principles
discussed in George Samuel Clason's timeless book, “The Richest Man in Babylon.”

3. Pillars of the 1346 Plan
In the novel, Clason’s protagonist Arkard describes ‘seven cures’ for building and sustaining
wealth. The 1346 Plan is named for the first, third, fourth, and sixth recommendations. Firstly,
Arkard advises saving one out of every ten gold coins earned. This translates as a 10 percent
savings rate. His third rule involves making sound investments and reinvesting any returns.

4. Pillars of the 1346 Plan
Rule four warns against get-rich-quick schemes or other risky forms of investment. Finally, Arkad
encourages saving for retirement to guard against poverty in old age. The 1346 Plan interprets this
rule as obtaining proper insurance plans that will cover unpredictable financial problems such as
sudden unemployment, prolonged illness, or premature death.