Understanding ‘The Richest Man in Babylon’

The Richest Man in Babylon by George Samuel Clason

Wealth Lesson’s

  • Live upon less than you could earn.
  • Seek advice from those who were competent through their own experience to give it.
  • Learn to make gold work for you.

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Two Kinds of Learning

-        The one kind being the things we learn and know,

-        The other being the training that thought us how to find what we do not know.

~*~

A part of all I earn is mine to keep!

What you save must earn.

Every gold piece you save is a slave to work for you. Every copper it earns as it’s child that can also earn for you.

An opportunity is revealed up readiness.

Proceeding accomplishment is desire. Your desire must be strong and definite.

The more of wisdom we know, the more we may earn.

~*~

Pay all debt with all the promptness within your power, not purchasing that for which you are unable to pay. Take care of your family that they may think well and speak well of you. Make a will of record, in case the gods call upon you, proper and honourable division of your estate may be accomplished. Have compassion upon those who are injured and smitten by misfortune and aid them within reasonable limits. Do deeds of thoughtfulness to those dear.

Seven cures of a lean purse

  • For every ten coins that you place in your purse us but nine coins only.
  • Budget your expenses that you may have coins to pay for your necessities, to pay for your enjoyments and to gratify your worthwhile desires without spending more than nine tenths of your earnings.
  • Put each coin into labouring that it may reproduce its kind even as the flocks of the field and help bring you income, a stream of wealth that shall flow constantly into your purse.
  • Guard your treasure from loss by investing only where your principle is safe, where it may be reclaimed if desirable, and where it will not fail to collect a fair rental. Consult with wise men. Secure the advice of those experienced in the profitable handling of gold. Let their wisdom protect your treasure from unsafe investments.
  • Own you own homestead.
  • Provide in advance for the needs of your growing age and the protection of your family.
  • Cultivate your own powers to study and become wiser, to become more skilful, to so act to respect yourself.

The Laws of Gold

  • Gold comes gladly and in increasing quantities 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.
  • Gold labours diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field.
  • Gold clings to the protection of the cautious owner who invests it under the advice of men wise in its handling.
  • Gold slips away from the man who invests it in business or purposes with which he is not familiar or which are not approved by those skilled in its keep.
  • Gold flees the man who would force it in impossible earnings or who follows the alluring advice of tricksters and schemers  or who trust it to his own inexperience and romantic  desires in investment.

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