The Richest Man In Babylon & The Magic Story - Deepstash
The Richest Man In Babylon & The Magic Story

15 IDEAS

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The Richest Man In Babylon & The Magic Story

by George S Clason, Frederick Van Rensselaer

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Money!💵

  • Money is a medium by which earthly success is measured.
  • Money makes possible the enjoyment of the best the earth affords
  • Money is plentiful for those who understand the simple laws which govern its acquisition.
  • Money gives you ultimate freedom of what you want to do when you want to do it, how much you want to do it, and with whom you want to do it.

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131 reads

#1. The Man Who Desired Gold🪙

We do not wish to go on year after year living the same lives. Working, working, working! Getting nowhere.

A man's wealth is not in the purse he carries. A fat purse quickly empties if there is no golden stream to refill it.

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#2. The Richest Man In Babylon💸

Learning is of two kinds:

  1. The things we learned and knew.
  2. The training taught us how to find out what we did not know.

"When a youth comes to age for advice he receives the wisdom of years".

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3 Most Important Learning:🌿

  • Pay yourself first(Money acquisition)-  A part of all you earn is yours to keep. It shouldn't be less than a tenth no matter how little you earn.
  • Every fool must learn(Invest wisely)- He who takes advice about his savings from one who is inexperienced in such matters shall pay with his savings for proving the falsity of their opinion.
  • Make gold work for you(Reinvest)- First, get you an army of golden slaves and then many a rich banquet may you enjoy without regrets.

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THE RICHEST MAN IN BABYLON

Opportunity is a haughty(proud) goddess who wastes no time with those who are unprepared.

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#3. Seven Cures For A Lean Purse👜

  • Start your purse to fattening(Start Saving): For every ten coins I put in, to spend but nine. 
  • Control your expenditure (Budget Expenses): What each of us calls our 'necessary expenses' will always grow to equal our incomes unless we protest to the contrary.
  • Make your gold multiply (Invest):  A man's wealth isn't in the coins he carried. It's the golden stream that continuously flows.
  • Gaurd your treasure from loss (Reinvest wisely): Gaurd your treasure from loss by investing only where your principal is safe, where it may be reclaimed if desirable and where you will not fail to collect a rental.

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#4. Meet The Goddess Of Good Luck🍀

  • Good luck fled from PROCRASTINATION.
  • To attract good luck to oneself, it is necessary to take advantage of the opportunity.
  • She is ever anxious to aid those who please her. Men of action please her.

Men of action are favored by the goddess of good luck.

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#5. The Five Laws Of Gold🧑‍⚖️🪙

"Gold is reserved for those who know its laws and abide by them".

  1. Gold comes to those who will put by not less than one-tenth of their earnings to create an estate for the future.
  2. Gold labored diligently and contentedly for the wise owner who finds for it profitable employment.
  3.  Gold clings to the protection of the cautious owner who invests it under the advice of men wise in its handling.
  4. Gold slips away from the man who invests it in business or purpose with which he isn't familiar.
  5. Gold flees the man who would force it to impossible earning or who followed the alluring advice of tricksters.

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THE RICHEST MAN IN BABYLON

In the strength of your own desires is magic power. Guide this power with your knowledge of the five laws of gold

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THE RICHEST MAN IN BABYLON

To earn wealth is but a slight burden upon the thoughtful man. Bearing burden consistently from year to year accomplishes the final purpose.

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#6. The Gold Lender Of Babylon💰

If you desire to help your friend, do so in a way that will not bring your friend's burden on you.

"Better A Little Caution Than  A Great Regret"

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#7. The Walls Of Babylon🧱💴

We can not afford to be without adequate protection.

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#8. The Camel Trader Of Babylon🐫

  • Ill fortune pursues every man who thinks more of borrowing than of repaying.
  • The soul of a free man looks at life as a series of problems to be saved and solved. while the soul of a slave whines.
  • Where the determination is, the way can be found.

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Work: 

  • Better to treat it like a friend, make yourself like it.❤️
  • Some men hate it, some make it their enemy.😒
  • Work, well-done, does good to the man who does it. It makes him a better man.👸
  • Decide what you desire to accomplish and then work will aid you to achieve it.🤞

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CURATED BY

ideallyadarsh

An ordinary boy who is indiscriminately passionate about many things, develops the frontend of websites, a graphics designer, a bibliophile, Loves to learn and grow, and write. | In search of infinity!

CURATOR'S NOTE

This was the first book I had read on finances and this is a magnificent work. 💖You will get to learn the basic yet most important concept about money 💰and how to manage it form the age-old wisdom of one of the richest civilizations.🪙