7 Lessons from the Richest Man in Babylon

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quote of the day

" ...put each coin to work so that it may reproduce its kind even as the flocks of the field and help bring to you more income, a stream of wealth that will flow constantly into your purse." - The Richest Man in Babylon - George Samuel me here for first 30 summary from wiki summary

Seven Cures for a Lean Purse

1. Start thy purse to fattening 2. Control thy expenditure 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 Seven Ways of Filling Your Bag

1. Start filling your bag From every 10 coins you earn, spend only nine of them. You will see how your bag starts filling quickly. You will see that you can arrange anyway with this income and you will be earning money quickly.

2. Control your expenses What we call obligatory expenses grow in proportion of our income, if we don´t do something to avoid this. Don´t confuse your desire with your needs.

3. Make your gold fructify Make your gold work for you, then its sons and the sons of this sons. Investing your gold: Loans, opportunities. Gold multiplies fast.

4. Protect your gold from any lost If you have got gold, you will be tempted to invest in any attractive project. Assure your capital. Its not true romantics make a fast fortune. Ask the wise people about what they know.

5. Make your property a rental investment If you can eat grapes from your vineyard and have a nice house its inspires you to finish your duties.

6. Assure future incomes Foresee some incomes for your old age and your family. For this purpose you can buy lands and houses.

7. Increase your ability to acquire goods More knowledge we have, more money we earn.

The Five Laws of Gold

1.Gold comes easy and in greater quantites to the man who safes the tenth part of his income for his future and family.

2.Gold works with speed and diligence for the wise owner that finds for it a productive use.

3.Gold mantains itself under the protection of prudent persons who invests with the counsils of wise people.

4.Gold scapes from people who invest without a pourpose in places that are not familiar.

5.Gold runs away from people who force gold to imposible profits and follows the seductive counsils of impostors.

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