The Richest Man In Babylon with Study Guide: Deluxe Special Edition
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Do you believe your desires may be “beyond [your] training?” If so, is there training you can do to overcome this obstacle? Research potential training opportunities.
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“I urge all men to be in the front rank of progress and not to stand still, lest they be left behind.” Are you aware of the latest and greatest innovations in your industry? Do you follow the most recent trends? Are there periodicals you could subscribe to that would assist you in doing so? Research, list and make a commitment to keeping up with news and information on your chosen field.
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Wrong, we are stubborn indeed. Right, we are prone to vacillate and let opportunity escape.
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From our discussion have I learned that to attract good luck to oneself, it is necessary to take advantage of opportunities.
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Good luck can be enticed by accepting opportunity.
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“Those eager to grasp opportunities for their betterment, do attract the interest of the good goddess. She is ever anxious to aid those who please her. Men of action please her best.
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“Action will lead thee forward to the successes t...
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“I look to find her, not at the gaming tables or the races where men lose more gold than they win but in other places where the doings of men are more worthwhile and more worthy of reward.”
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What might you have invested in versus spending your money instead? Estimate how much money you have wasted per year on coffee, clothing, dining out, or unnecessary trinkets. Multiply that amount by the number of years from age twenty to your current age. Then multiply that amount by 3% per year, including compound interest. How much would you have earned had you invested the money instead of spending it?
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“The wisdom of making a payment immediately when we are convinced our bargain is wise.”
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“My first judgment is best. Yet always have I found it difficult to compel myself to proceed … Therefore, as a protection against my own weaknesses, I do make a prompt deposit thereon.”
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“Those eager to grasp opportunities for their betterment, do attract the interest of the good goddess. She is ever anxious to aid those who please her. Men of action please her best.”
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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 ...more
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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 ...more
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If you desire to help thy friend, do so in a way that will not bring thy friend’s burdens upon thyself.”
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“Therefore, be not swayed by the fantastic plans of impractical men who think they see ways to force thy gold to make earnings unusually large. Such plans are the creations of dreamers unskilled in the safe and dependable laws of trade. Be conservative in what thou expect it to earn that thou mayest keep and enjoy thy treasure.
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“If you desire to help thy friend, do so in a way that will not bring thy friend’s burdens upon thyself.”
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“Seek to associate thyself with men and enterprises whose success is established that thy treasure may earn liberally under their skillful use and be guarded safely by their wisdom and experience.”
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“Better a little caution than a great regret.”
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“How can you call yourself a free man when your weakness has brought you to this? If a man has in himself the soul of a slave will he not become one no matter what his birth, even as water seeks its level?
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No man is otherwise who cannot respect himself and no man can respect himself who does not repay honest debts.’
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“My debts were my enemies, but the men I owed were my friends for they had trusted me and believed in me.
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We found the trail to Babylon because the soul of a free man looks at life as a series of problems to be solved and solves them, while the soul of a slave whines,
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Ill fortune pursues every man who thinks more of borrowing than of repaying.”
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“My debts were my enemies, but the men I owed were my friends for they had trusted me and believed in me.”
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“… the soul of a free man looks at life as a series of problems to be solved and solves them, while the soul of a slave whines ‘What can I do who am but a slave?’”
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“Where the determination is, the way can be found.”
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“at last I could hold up my head and feel that I was an honourable man among men.”
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This chapter ends with the message, “Where the determination is, the way can be found.” Do you have a greater sense of determination to amass abundance in your life? What could you do to further enhance your commitment to building your wealth? Write three additional action steps you can take to further inspire yourself. Then follow through on each.
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First, the plan doth provide for my future prosperity. Therefore one-tenth of all I earn shall be set aside as my own to keep. For
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Second, the plan doth provide that I shall support and clothe my good wife who hath returned to me with loyalty from the house of her father.
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Therefore seven-tenths of all I earn shall be used to provide a home, clothes to wear, and food to eat, with a bit extra to spend, that our lives be not lacking in pleasure and enjoyment.
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Third, the plan doth provide that out of my earnings my debts shall be paid.
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We are determined never again to permit our living expenses to exceed seventy percent of our income.
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Dabasir’s second plan was to support and clothe his wife, who returned to him once he changed his ways. He said that doing so put self-respect into his heart and strengthened his determination.
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Dabasir committed seven tenths of his earnings towards providing a home, clothing, food and a little extra to care for his family.
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The secret to this plan is never to spend more than the allotted seventy percent.
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two tenths of his earnings are divided among his lenders.
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“My good wife looketh upon me with a light in her eyes that doth make a man have confidence in himself.”
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Do you believe your relationships would most likely change because the way you feel about yourself has changed? Explain.
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Promise me, boy, if thou get a master, work for him as hard as thou canst. If he does not appreciate all thou do, never mind.
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Remember, work, well-done, does good to the man who does it.
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like thy cakes, boy, but better still I like the fine enterprise with which thou offerest them. Such spirit can carry thee far on the road to success.’
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Besetting a man like a whirlwind, Driving him like a storm, Whose course no one can foliate, Whose destiny no one can foretell.
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“Was work my grandfather’s secret key to the golden shekels?”
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From this day forth, I shall use his key. I shall start humbly as he started, which befits my true station far better than jewels and fine robes.”
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Megiddo believed that hard work was his best friend. He stated, “Work, well done, does good to the man who does it. It makes him a better man.” How has your work ethic affected your life? Has it made you a better person?
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“I like thy cakes, boy, but better still I like the fine enterprise with which you offerest them. Such spirit can carry thee far on the road to success.”
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“Work attracted his many friends who admired his industry and the success it brought. Work brought him the honors he enjoyed so much in Damascus. Work brought him all those things I have approved. And I thought work was fit only for slaves.”
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Have you ever believed yourself to be above doing certain jobs? If so, what were they? How do you believe your attitude affected your life?