The Richest Man in Babylon - Deepstash

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Quote

It costs nothing to ask wise advice from a good friend

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20 reads

"wealth is a power. With wealth many things are possible"

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18 reads

There are two kinds of learning:

1. Being the things we learn and knew.

2. The training that taught us how to find out what we did not know

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14 reads

Quote

" 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."

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

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Lessons Learnt(Part 1):

1. Advice is one thing that is freely given away, but watch that you take only what is worth having....., seek advice from those who were competent through their own experiences to give it...

2.Dont eat the children of your savings......,First get you an army of golden slaves and then many a rich banquet may you enjoy without regret.

3. Learn to make your treasure work for you. Make it your slave. Make its children and it's children's children work for you.

4. A small return and a safe one is far more desirable than risk.

5. Enjoy life while you are here.Do not overstrain or try to save too much.

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Laws Of Handling Wealth

The 3 laws of successfully handling wealth are:

1. How to acquire money......

2. How to keep it.......

3. How to use it........

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Seven Cures For A Lean Purse

1. Start your purse to flatenning,...........

'For each ten coins I put in, to spend but nine.'

2. Control your expenditures...........

'Budget your expenses that you may have coins to pay for your necessities, to pay for your enjoyments and to gratify your worthwhile desires withour spending more than nine-tenths of your earnings.'

3. Make your gold multiply...........

'To put each coin to labouring that it may reproduce its kind even as the flocks of the field and help bring to you income, a stream of wealth that shall flow constantly into your purse.'

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10 reads

New Words

1. Thee - you

2. Thy - your

3. Mayest - may

4. Thou - you

5. Hast - have

6. Thyself - yourself

7. Earneth - earn

8. Satisfieth - satisfy

9. Thine - yours

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Seven Cures For A Lean Purse (Continue)..

4. Guard your treasures from loss........

'Guard your treasure from loss by investing only where your prinicipal is safe, where it may be reclaimed if desirable, and where you will not fail to collect a fair rental. Consult with wise men. Secure the advice of those experienced in the profitable handling of gold(money). Let their wisdom protect your treasure from unsafe investments.'

5. Make of your dwelling a profitable investment.........

'Own your own home.'

6. Insure a future income..........

'Provide in advance for the needs of your growing age and the protection of your family.'

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8 reads

Seven Cures For A Lean Purse

7. Increase your ability to earn.....

'Cultivate your own powers, to study and become wiser, to become more skillful, to so act as to respect yourself.'

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15 reads

IDEAS CURATED BY

CURATOR'S NOTE

This is the first book i have started reading for the tips or ideas for money management... Itz really a great book for becoming rich..

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