More on this book
Community
Kindle Notes & Highlights
Our acts can be no wiser than our thoughts. Our thinking can be no wiser than our understanding.
Herodotus, the Greek traveler and historian, visited Babylon while it was in its prime and has given us the only known description by an outsider.
Money is governed today by the same laws which controlled it when prosperous men thronged the streets of Babylon, six thousand years ago.
You first learned to live upon less than you could earn. Next you learned to seek advice from those who were competent through their own experiences to give it. And, lastly, you have learned to make gold work for you.
You have taught yourself how to acquire money, how to keep it, and how to use it.
A part of all I earn is mine to keep.’
Say it in the morning when you first arise. Say it at noon. Say it at night. Say it each hour of every day. Say it to yourself until the words stand out like letters of fire across the sky.
A PART OF ALL YOU EARN IS YOURS TO KEEP.
no man may climb who cannot plant his feet firmly upon the first step.
THE FIRST CURE
Start thy purse to fattening
Surely it is a law of the Gods that unto him who keepeth and spendeth not a certain part of all his earnings, shall gold come more easily. Likewise, him whose purse is empty does gold avoid.
THE SECOND CURE
Control thy expenditures
“This, then, is the second cure for a lean purse. Budget thy 43expenses that thou mayest have coins to pay for thy necessities, to pay for thy enjoyments and to gratify thy worthwhile desires without spending more than nine-tenths of thy earnings.”
THE THIRD CURE
Make thy gold multiply
a man’s wealth is not in the coins he carries in his purse; it is the income he buildeth,
THE FOURTH CURE
Guard thy treasures from loss
“The first sound principle of investment is security for thy principal.
“Before thou entrust it as an investment in any field acquaint thyself with the dangers which may beset it.
Better by far to consult the wisdom of those experienced in handling money for profit.
Guard thy treasure from loss by investing only where thy principal is safe, where it may be reclaimed if desirable, and where thou will not fail to collect a fair rental.
THE FIFTH CURE
Make of thy dwelling a profitable investment
This, then, is the fifth cure for a lean purse: 0 wn thy own home”
THE SIXTH CURE
Insure a future income
“This, then, is the sixth cure for a lean purse. Provide in advance for the needs of thy growing age and the protection of thy family.”
THE SEVENTH CURE
Increase thy ability to earn
“The more of wisdom we know, the more we may earn. That man who seeks to learn more of his craft shall be richly rewarded.
“He must pay his debts with aii the promptness within his power, not purchasing that for which he is unable to pay.
“Thus the seventh and last remedy for a lean purse is to cultivate thy own powers, to study and become wiser, to become more skillful, to so act as to respect thyself. Thereby shalt thou acquire confidence in thy self to achieve thy carefully considered desires.
Meet the Goddess of Good Luck
The desire to be lucky is universal.
MEN OF ACTION ARE FAVORED BY THE GODDESS OF GOOD LUCK
THE FIVE LAWS OF GOLD 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. II. Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field. III. Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling. IV. Gold slippeth away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved
...more
The First Law of Gold
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.
The Second Law of Gold
Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment,
multiplying even as the flocks o...
This highlight has been truncated due to consecutive passage length restrictions.
The Third Law of Gold
Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling.
The Fourth Law of Gold
Gold slippeth away from the man who invests it in businesses or purposes with which he is not
familiar or which are not approved by those skil...
This highlight has been truncated due to consecutive passage length restrictions.
The Fifth Law of Gold Gold flees the man who would force it to impossible earnings or who followeth the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.
