The Richest Man in Babylon is written for people who are struggling financially or those who are finding themselves stuck in financial plateau in life until they are forty or fifty, or those who are looking forward into building a financial empire or planning to be financially free sooner than the normal retirement of sixty-five.
Some of the great lessons or truths that can be learned in the book are the value and power of work, the seven cures of a lean purse and the five laws of gold. (During those times, they didn’t have wallets or cards but only purse and their means of payments are silver and gold.)
THE FIRST CURE: Start thy purse to fattening
THE SECOND CURE: Control thy expenditures
THE THIRD CURE: Make thy gold multiply
THE FOURTH CURE: Guard thy treasures from loss
THE FIFTH CURE: Make of thy dwelling a profitable investment
THE SIXTH CURE: Insure a future income
THE SEVENTH CURE: Increase thy ability to earn
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.
II. Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field.
III. Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling.
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.
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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Wow great insights Jake! I wish I'll be able to live these principles soon. :) I wanna learn how money would work for me, not the other way around..
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