The Richest Man In Babylon - Deepstash

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How Can You Buy Yourself Out Of Slavery

How Can You Buy Yourself Out Of Slavery

The alarm you set sleepily at 12 at night is ringing loudly at 7 in the morning. You have to leave your warm bed, eat something and get dressed. Now, leaving your cozy house is even harder than all of that hassle. Well, you do it and suddenly it's 5 pm. You have to go back home rest a bit and get ready for the next day. Such fun, right? And for what? Just to be able to pay your credit card statement in full for the next month.

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Dabasir - From Slavery To A World-Know Trader

Dabasir - From Slavery To A World-Know Trader

Now, here is a question: Do you think that this system has ever changed in the world for the past five thousand years? Get up in the morning, work for your masters. Pay off your debt to your masters with interest and repeat again all over. Can you spot any difference between the slavery of Babylon five thousand years ago and the modern slavery of today? I will try to answer this question with the success story of a Babylonian named Dabasir who lived five thousand years ago. A story about a man who was able to achieve financial freedom...

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Long story short; Nothing has changed in five thousand years. This is both a good and a bad thing. Good, because the ways out of slavery haven't changed either. But bad, because some of us just can't get out of this loop. Thankfully, Dabasir engraved some steps that can be taken on the path to financial freedom on a clay tablets five thousand years ago and whose accuracy has not changed for generations.

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It costs nothing to ask wise advice from a good friend

THE RICHEST MAN OF BABYLON - GEORGE S. CLASON

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Spending More Than You Earn

Spending More Than You Earn

You can guess how Dabasir became a slave. Think about how you got your first credit card. Why did you apply? Because sometimes you spend more than you earn. Now you can have almost everything you want in installments with your credit cards. In addition to this, maybe your income is increasing from year to year, you get promotions and you go from success to success in your career. Do you notice anything? The more you earn, the more you spend. This is how Dabasir became a slave; he spent more than he earned, got into debt, and he could not pay his debts.

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The Three Statements

The Three Statements

But Dabasir was determined. He had the spirit of a free man, and he had to be free. After being a slave for a while in Syria, he fled and came to Babylon to face his debts. He had three goals:

  1. Separating one-tenth of his earnings,
  2. Meeting his basic needs with the seven out of tenth,
  3. Paying his debts in installments with the remaining.

 He became a camel trader and paid for his debts in a long time and got his freedom.

 And that's it. What did you expect? A Dabasir who ran from battle to battle and became rich with spoils? He was a simple slave like us. 

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IDEAS CURATED BY

petsenek

Just a regular guy who never made it as a wise man.

CURATOR'S NOTE

Simple and easy to understand tips to save money and manage your wealth.

Curious about different takes? Check out our The Richest Man In Babylon Summary book page to explore multiple unique summaries written by Deepstash users.

Ousein Petsenek's ideas are part of this journey:

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Curious about different takes? Check out our book page to explore multiple unique summaries written by Deepstash curators:

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