Wisdom From The Richest Man in Babylon

Seven Cures For a Lean Purse

  1. Start thy purse to fattening
    “For each ten coins I put in, to spend but nine.”
  2. Control thy expenditures
    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.”
  3. Make thy gold multiply
    “Put each coin to laboring that it may reproduce its kind even as the flocks of the field and help bring to thee income, a stream of wealth that shall flow constantly into thy purse.”
  4. Guard thy treasures from
    “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.”
  5. Make of thy dwelling a profitable investment
    “Own thy own home”
  6. Insure a future income
    “Provide in advance for the needs of thy growing age and the protection of thy family.”
  7. Increase thy ability to earn
    “Thus the seventh and last remedy for a lean purse is to cultivate thy own powers, to study and become wiser, to become more skillful, to so act as to respect thyself.”

The Five Laws of Gold

  1. The First Law of Gold
    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.
  2. The Second Law of Gold
    Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field.
  3. The Third Law of Gold
    Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling.
  4. The Fourth Law of Gold
    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.
  5. The Fifth Law of Gold
    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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