The Richest Man in Babylon (Original Classic Edition)
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Read between December 19, 2023 - January 5, 2024
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“Every piece of gold you save is a slave to work for you,”
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Lo, money is plentiful for those who understand the simple rules of its acquisition 1.  Start thy purse to fattening 2.  Control thy expenditures 3.  Make thy gold multiply 4.  Guard thy treasures from loss 5.  Make of thy dwelling a profitable investment 6.  Insure a future income 7.  Increase thy ability to earn
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Our acts can be no wiser than our thoughts. Our thinking can be no wiser than our understanding.
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‘I found the road to wealth when I decided that a part of all I earned was mine to keep.
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If you would become wealthy, then what you save must earn, and its children must earn, that all may help to give to you the abundance you crave.”
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Advice is one thing that is freely given away, but watch that you take only what is worth having.
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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.”
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Opportunity is a haughty goddess who wastes no time with those who are unprepared.”
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Will power is but the unflinching purpose to carry a task you set for yourself to fulfillment.
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If I set for myself a task, be it ever so trifling, I shall see it through. How else shall I have confidence in myself to do important things?
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A Part of All You Earn Is Yours to Keep.
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The First Cure: Start Thy Purse to Fattening.
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‘For each ten coins I put in, to spend but nine.’
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The Second Cure: Control Thy Expenditures.
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that what each of us calls our ‘necessary expenses’ will always grow to equal our incomes unless we protest to the contrary.
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“The purpose of a budget is to help thy purse to fatten. It is to assist thee to have thy necessities and, insofar as attainable, thy other desires. It is to enable thee to realize thy most cherished desires by defending them from thy casual wishes.
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Budget thy expenses 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.”
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The Third Cure: Make Thy Gold Multiply
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The gold we may retain from our earnings is but the start. The earnings it will make shall build our fortunes.”
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put each coin to laboring that it may reproduce its kind
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The Fourth Cure: Guard Thy Treasures from Loss
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“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?
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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. Consult with wise men. Secure the advice of those experienced in the profitable handling of gold. Let their wisdom protect thy treasure from unsafe investments.”
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The Fifth Cure: Make of Thy Dwelling a Profitable Investment
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the fifth cure for a lean purse: Own thy own home.”
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The Sixth Cure: Insure a Future Income.
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Provide in advance for the needs of thy growing age and the protection of thy family.”
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The Seventh Cure: Increase Thy Ability to Earn
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Thy desires must be strong and definite.
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“Desires must be simple and definite. They defeat their own purpose should they be too many, too confusing, or beyond a man’s training to accomplish.”
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More interest in my work, more concentration upon my task, more persistence in my effort, and, behold, few men could carve more tablets in a day than I.
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“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.
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Such things as the following, a man must do if he respect himself: “He must pay his debts with all the promptness within his power, not purchasing that for which he is unable to pay. “He must take care of his family that they may think and speak well of him. He must make a will of record that, in case the Gods call him, proper and honorable division of his property be accomplished. “He must have compassion upon those who are injured and smitten by misfortune and aid them within reasonable limits. He must do deeds of thoughtfulness to those dear to him. “Thus the seventh and last remedy for a ...more
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good luck waits to come to that man who accepts opportunity,”
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“If the bargain be good, then dost thou need protection against thy own weaknesses as much as against any other man.
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more apt to change our minds when right than wrong. Wrong, we are stubborn indeed. Right, we are prone to vacillate and let opportunity escape.
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We desire riches; yet, how often when opportunity doth appear before us, that spirit of procrastination from within doth urge various delays in our acceptance. In listening to it we do become our own worst enemies.
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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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Men of Action are Favored by the Goddess of Good Luck
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The Five Laws of Gold
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“Gold is reserved for those who know its laws and abide by them.”
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THE FIVE LAWS OF GOLD
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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.
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II.  Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field.
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III.  Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling.
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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 by those skilled in its keep.
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V.  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.
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Without wisdom, gold is quickly lost by those who have it, but with wisdom, gold can be secured by those who have it not,
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“Wealth that comes 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.
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