I pretty much enjoyed reading a classic financial book this past few days. I am considering myself a person lucky enough to belong to the millions who have read the book "The Richest Man in Babylon". The book consists of 160 pages of parables and wonderful tales about the rich people of Babylon and their day to day affairs with money. During those times, their currencies are gold, silver and copper. This classic book was authored by George Samuel Clason. It was a good read and I believe many can learn and benefit from reading the book. We are just very fortunate that George shared us these "success secrets of the ancients".
Here are the lessons/philosophies that I like from the book:
"Our prosperity as a nation depends upon the personal financial prosperity of each of us as individuals."
"Because when I awoke and remembered how empty was my purse, a feeling of rebellion swept over me."
"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."
"Thou speakest with true inspiration, Bansir. Thou bringeth to my mind a new understanding. Thou makest me to realize the reason why we have never found any measure of wealth. WE NEVER SOUGHT IT."
"Wealth is power. With wealth many things are possible."
"...And, when I realized all this, I declared to myself that I would claim my share of the good things of life. I would not be one of those who stand afar off, enviously watching others enjoy. I would not be content to clothe myself in the cheapest raiment that looked respectable. I would not be satisfied with the lot of a poor man. On the contrary, I would make myself a guest at this banquet of good things."
"...I decided that if I was to achieve what I desired, time and study would be required."
"The thoughts of youth are bright lights that shine forth like the meteors that oft make brilliant the sky, but the wisdom of age is like the fixed stars that shine so unchanged that the sailor depend upon them to steer his course."
"I found the road to wealth when I decided that a part of all I earned was mine to keep"
"Every gold piece you save is a slave to work for you. Every copper it earns is its child that also can earn for you. If you would become wealthy, then what you save must earn, and its children must earn, that all may help to give you the abundance you crave."
"Wealth like a tree, grows from a tiny seed. The first copper you save is the seed from which your tree of wealth shall grow. The sooner you plant that seed the sooner the tree grow. And the more faithfully you nourish and water the tree with consistent savings, the sooner may you bask in contentment beneath its shade."
"Wealth grows wherever men exert energy."
"Good luck waits to come to that man who accepts opportunity."
"Men of action are favored by the goddess of good luck."
"Where the determination is, the way can be found."
"Thou can't get ahead by shirking,' Megiddo protested. 'If thou plow a hectare, that's a good day's work and any master knows it. But when thou plow only half, that's shirking. I don't shirk. I love to work and I like to do good work, for work is the best friend I've ever known. It has brought me all the good things I've had, my farm and cows and crops, everything."
The Seven Cures for A Lean Purse
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
The Five Laws of Gold
1. Gold cometh gladly 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.
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 of men wise in its handling.
4. Gold slippeth away from the man who invests it in businesses or purposes with which he is not familiar or which ar not approved by those skilled in its keep.
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 inexperience and romantic desires in investment.
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