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Herodotus, the Greek traveler and historian, visited Babylon while it was
“Nonsense,” reproved Kobbi, “a man’s wealth is not in the purse he carries. A fat purse quickly empties if there be no golden stream to refill it. Arkad has an income that constantly keeps his purse full, no matter how liberally he spends.”
Thereupon Arkad remonstrated with them, saying, “If you have not acquired more than a bare existence in the years since we were youths, it is because you either have failed to learn the laws that govern the building of wealth, or else you do not observe them. “‘Fickle Fate’ is a vicious
Tell me, Arkad, is there any secret to acquiring wealth? Can it be taught?” “It is practical, your majesty. That which one man knows can be taught to others.”
him whose purse is empty does gold avoid.
The Second Cure — Control Thy Expenditures
and those that thou mayest gratify are but few.
“Study thoughtfully thy accustomed habits of living. Herein may be most often found certain accepted expenses that may wisely be reduced or eliminated. Let thy motto be one hundred percent of appreciated value demanded for each coin spent.
“I tell you, my students, a man’s wealth is not in the coins he carries in his purse; it is the income he buildeth, the golden stream that continually floweth into his purse and keepeth it always bulging.
Thus it is wise that we must first secure small amounts and learn to protect them before the Gods entrust us with larger.” So spoke Arkad upon the fourth day to his class.
“The first sound principle of investment is security for thy principal. Is it wise to be intrigued by larger earnings when thy principal may be lost? I say not. The penalty of risk is probable loss.
Better a little caution than a great regret.
We cannot afford to be without adequate protection.
