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THE SIXTH CURE Insure A Future Income
“The life of every man proceedeth from his childhood to his old age. This is the path of life and no man may deviate from it unless the gods call him prematurely to the world beyond. Therefore do I say that it behoves a man to make preparation for a suitable income in the days to come, when he is no longer young, and to make preparations for his family should he be no longer with them to comfort and support them. This lesson shall instruct thee in providing a full purse when time has made thee less able to learn.” So Arkad addressed his class upon the sixth day.
“A man may buy houses or lands for this purpose. If wisely chosen as to their usefulness and value in the future, they are permanent in their value and their earnings or their sale will provide well for his purpose.
Provide in advance for the needs of thy growing age and the protection of thy family.”
THE SEVENTH CURE Increase Thy Ability to Earn
Preceding accomplishment must be desire. Thy desires must be strong and definite.
If a man be lucky, there is no foretelling the possible extent of his good fortune. Pitch him into the Euphrates and like as not he will swim out with a pearl in his hand.
“To take his first start to building an estate is as good luck as can come to any man. With all men, that first step, which changes them from men who earn from their own labor to men who draw dividends from the earnings of their gold, is important. Some, fortunately, take it when young and thereby outstrip in financial success those who do take it later or those unfortunate men, like the father of this merchant, who never take it.
Good luck can be enticed by accepting opportunity.
Men of Action are Favored by the goddess of Good Luck.
6. The Five Laws of Gold
“A bag heavy with gold or a clay tablet carved with words of wisdom; if thou hadst thy choice, which wouldst thou choose?”
Ignore the wisdom and waste the gold.
“Gold is reserved for those who know its laws and abide by them.”
“‘My son, it is my desire that thou succeed to my estate. Thou must, however, first prove that thou art capable of wisely handling it. Therefore, I wish that thou go out into the world and show thy ability both to acquire gold and to make thyself respected among men.
“‘First, I give thee this bag of gold. If thou use it wisely, it will be the basis of thy future success. “‘Second, I give thee this clay tablet upon which is carved the five laws of gold. If thou dost but interpret them in thy own acts, they shall bring thee competence and security.
realized that had I but sought wisdom first, my gold would not have been lost to me.
THE FIVE LAWS OF GOLD
1. 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
2. Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field.
3. Gold clingeth to the protection of the cautious owner who invests it under the advice o...
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4. Gold slippeth away from the man who invests it in businesses or purposes with which he is not familiar or which are not ap...
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5. 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 inex...
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“‘In due time, I was accepted as a member of this same group in other ventures. They were men wise in the profitable handling of gold. They talked over each plan presented with great care, before entering upon it. They would take no chance on losing their principal or tying it up in unprofitable investments from which their gold could not be recovered.
Working with wise man who know how to safely handle the gold is a wise idea.
Try hard to not lose priniciple amount in any investment is a big idea for me. Before that I was keen to search investments with higher risks.
“Wealth that cometh quickly goeth the same way. “Wealth that stayeth to give enjoyment and satisfaction to its owner comes gradually, because it is a child born of knowledge and persistent purpose.
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.
“Any man who will put by one-tenth of his earnings consistently and invest it wisely will surely create a valuable estate that will provide an income for him in the future and further guarantee safety for his family
and invest it wisely. I'm not focusing on 'invest it wisely' part for years.
The more gold I accumulate, the more readily it comes to me and in increased quantities.
'Accumulation of Gold' is necessary in order to increase Gold.
its earnings earn more, and this is the working out of the first law.”
Earning of Gold 10 % revinstment earn more. So Gold it's childern and grand childern earn more. So this 10% investment becomes compound effect.
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 of the field.
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 skilled in its keep.
To the man who hath gold, yet is not skilled in its handling, many uses for it appear most profitable.
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.
“Fanciful propositions that thrill like adventure tales always come to the new owner of gold. These appear to endow his treasure with magic powers that will enable it to make impossible earnings. Yet heed ye the wise men for verily they know the risks that lurk behind every plan to make great wealth suddenly.
“Forget not the rich men of Nineveh who would take no chance of losing their principal or tying it up...
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“Ten years from this night, what can you tell about this gold?
a rich reward awaiting those men of purpose who determine to secure their just share.
If you desire to help thy friend, do so in a way that will not bring thy friend’s burdens upon thyself.”
Story of ox and ass
“The safest loans, my token box tells me, are to those whose possessions are of more value than the one they desire.
‘What knowledge have you of the ways of trade?
Do you know where you can buy at lowest cost?
It is easy to lend. If it is lent unwisely then it is difficult to get back. The
Forget not that gold slippeth away in unexpected ways from those unskilled in guarding it.
If you risk losing it you risk losing all that it would earn as well.
Better a Little Caution than a Great Regret
Therefore one-tenth of all I earn shall be set aside as my own to keep.
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.
Third, the plan doth provide that out of my earnings, my debts shall be paid. Therefore, each time the moon is full, two-tenths of all I have earned shall be divided honorably and fairly among those who have trusted me and to whom I am indebted.
One-tenth have I set aside to keep as my own, seven-tenths have I divided with my good wife to pay for our living. Two-tenths have I divided among my creditors
