Cover of The Richest Man in Babylon

The Richest Man in Babylon

ISBN: 9781939438638

Date read: 2022-12-25

How strongly I recommend it: 7/10

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My notes

I found the road to wealth when I decided that a part of all I earned was mine to keep. And so will you

Fool! You pay to everyone but yourself

If you did keep for yourself one-tenth of all 26you earn, how much would you have in ten years?'

'You speak but half the truth,' he retorted. '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 to you the abundance you crave.

A part of all you earn is yours to keep. It should be not less than a tenth no matter how little you earn. It can be as much more as you can afford. Pay yourself first. Do not buy from the clothes - maker and the sandal-maker more than you can pay out of the rest and still have enough for food and charity and penance to the gods

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 shall the tree grow. And the more faithfully you nourish and water that tree with consistent savings, the sooner may you bask

"Why should so few men be able to acquire all the gold?"

"Because they know how," replied the Chancellor.

"One may not condemn a man for succeeding because he knows how. Neither may one with justice take away from a man what he has fairly earned, to give to men of less ability"

Desires must be simple and definite. They defeat their own purpose should they be too many

too confusing, or beyond a man's training to accomplish.

Such things as the following, a man must do if he respect himself:

"He must pay his debts with all the promptness within his power, not purchasing that for which he is unable to pay.

"He must take care of his family that they may think and speak well of him.

"He must make a will of record that, in case the Gods call him, proper and honorable division of his property be accomplished.

"He must have compassion upon those who are injured and smitten by misfortune and aid them within reasonable limits.

He must do deeds of thoughtfulness to those dear to him.

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

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.

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.

the soul of a free man looks at life as a series of problems to be solved and solves them, while the soul of a slave whines, 'What can I do who am but a slave?'

WHERE THE DETERMINATION IS, THE WAY CAN BE FOUND