The Richest Man In Babylon - Original Edition
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Babylon exists no more.
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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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'That was sufficient to change the heart of a sheep herder into the heart of a money lender,'
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If you did keep for yourself one-tenth of all 26you earn, how much would you have in ten years?'
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'Every gold piece you save is a slave to work for you.
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what you save must earn,
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'A part of all you earn is yours to keep. It should be not less than a tenth no matter how little you earn.
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Pay yourself first.
David A.
Invest first
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'You do eat the children of your savings. Then how do you expect them to work for you? And how can they have children that will also work for you? First get thee an army of golden slaves and then many a rich banquet may you enjoy without regret.'
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you learned to seek advice from those who were competent through their own experiences
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three laws of successfully handling wealth,
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When I set a task for myself, I complete it. Therefore, I am careful not to start difficult and impractical tasks,
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say to yourselves, '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.
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As it grows it will stimulate you.
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invest thy treasure with greatest caution that it be not lost.
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"Provide also that thy family may not want should the Gods call thee to their realms.
David A.
Life insurance policy
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Seek the advice of men whose daily work is handling money.
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A small return and a safe one is far more desirable than risk.
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A PART OF ALL YOU EARN IS YOURS TO KEEP.
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I sought every remedy for a lean purse. I found seven.
David A.
Seven remedies for a lean purse.
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This is the first step leading to the temple of wealth, and no man may climb who cannot plant his feet firmly upon the first step.
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"Now I will tell a strange truth, the reason for which I know not. When I ceased to pay out more than nine-tenths of my earnings, I managed to get along just as well.
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Also, ere long, did coins come to me more easily than before. 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.
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him whose purse is empty does...
This highlight has been truncated due to consecutive passage length restrictions.
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The coins thou leavest within it will bring the latter.
David A.
This is a case not to be stingy after saving. Enjoy the money left over after the saving/investing. Buy art books, buy VR apps, buy experiences, go to the movies, the Zoo, donate to worthy causes.
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"This, my students, was the first cure I did discover for my lean purse: 'For each ten coins I put in, to spend but nine.'
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Keep working with thy budget, keep adjusting it to help thee. Make it thy first assistant in defending thy fattening purse."
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"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."
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"To a man's heart it brings gladness to eat the figs from his own trees and the grapes of his own vines.
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"Thus come many blessings to the man who owneth his own house.
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This, then, is the fifth cure for a lean purse: Own thy own home"
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purse.Provide in advance for the needs of thy growing age and the protection of thy family."
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"Preceding accomplishment must be desire. Thy desires must be strong and definite.
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"Desires must be simple and definite.
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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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my increased skill was rewarded,
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seek to learn the methods and the tools of those most skillful in the same line.
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to attract good luck to oneself, it is necessary to take advantage of opportunities.
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MEN OF ACTION ARE FAVORED BY THE GODDESS OF GOOD LUCK
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'I decided to go to Nineveh, as it was a growing city, believing that I might find there opportunities.
David A.
The internet is now the city of opportunity. Endless opportunity to scale digital products. Art. Books, articles.
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had I but sought wisdom first, my gold would not have been lost to me.
David A.
Read books about wealth generation.
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I learned by heart each law
David A.
What are the 7 laws of wealth: Save 10%. Budget. Take action when opportunity appears.
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The Five Laws of Gold
David A.
Just 5 laws?
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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 earngs to create an estate for his future and that of his family.
David A.
1. Save a tenth.
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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.
David A.
Invest your savings so that it generates its own income. Become a dividend earner and less a laboror.
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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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"Thou art a thrifty youth who spends not wantonly what he earns. Hast thou gold put by that is not earning?" "
David A.
the youth saved regularly, and takes advantage of a fine opportunity when it arises.
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invest my savings under the guidance of wise men.
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the five laws of gold
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