The Richest Man In Babylon - Deepstash

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START THY PURSE TO FATTENING

START THY PURSE TO FATTENING

Pay yourself first:

“I found the road to wealth when I decided that a part of all I earned was mine 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”

“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 in contentment beneath its shade.'

| Wealth is built, not won

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709 reads

CONTROL THY EXPENDITURES

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.”

“Study thoughtfully thy accustomed habits of living. Herein may be most often found certain accepted expenses that may wisely be reduced or eliminated.”

| By eliminating small momentary gratifications, you may have more, and can afford the fine things in life

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530 reads

MAKE THY GOLD MULTIPLY

MAKE THY GOLD MULTIPLY

"Gold, indeed, is a willing worker. It is ever eager to multiply when opportunity presents itself. To every man who hath a store of gold set by, opportunity comes for its most profitable use. As the years pass, it multiplies itself in surprising fashion.”

“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 it's children must earn, that all may help to give to you the abundance you crave” 

| Money attracts money, this law is almost supernatural when experienced

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450 reads

GUARD THY TREASURES FROM LOSS

GUARD THY TREASURES FROM LOSS

”Study carefully, before parting with thy treasure, each assurance that it may be safely reclaimed. Be not misled by thine own romantic desires to make wealth rapidly.”

“Usurious rates of return are deceitful sirens that sing but to lure the unwary upon the rocks of loss and remorse.”

“Advice is one thing that is freely given away, but watch that you take only what is worth having.”

| Chasing riches implies they are running from you. It is easier to lose a lot of gold quickly when temptation outweighs reason

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409 reads

MAKE OF THY DWELLING A PROFITABLE INVESTMENT

MAKE OF THY DWELLING A PROFITABLE INVESTMENT

“Thus come many blessings to the man who owneth his own house. And greatly will it reduce his cost of living, making available more of his earnings for pleasures and the gratification of his desires.”

“There are diverse ways by which a man may provide with safety for his future. A man may buy houses or lands for this purpose. If wisely chosen as to their usefulness and value in the future, they are permanent in their value and their earnings or their sale will provide well for his purpose.”

| Owning a house provides freedom from rent, as well as appreciation of value.

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347 reads

ENSURE A FUTURE INCOME

ENSURE A FUTURE INCOME

“Ensure an income for thy future. Look thou at the aged and forget not that in the days to come thou also will be numbered among them. Therefore invest thy treasure with greatest caution that it be not lost.”

“Provide in advance for the needs of thy growing age and the protection of thy family.”

| The time comes in everyone’s life where they are no longer suitable for work, be prepared

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341 reads

INCREASE THY ABILITY TO EARN

INCREASE THY ABILITY TO EARN

“Cultivate thy own powers to study and become wiser, to become more skillful to so act as to respect thyself.”

“Good luck can be enticed by accepting opportunity.”

“Our acts can be no wiser than our thoughts, Our thinking can be no wiser than our understanding.”

“Remember, work well done does good to the man who does it. It makes him a better man.”

| To have wealth, you must have the behaviors and actions of a wealthy person.

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CURATED BY

CURATOR'S NOTE

Despite the wealth of the kingdom, many Babylonian citizens were destitute and struggled financially. To remedy this, the King had the Richest Man in Babylon (Arkad) teach a regular forum to relieve the citizens of their financial struggles. He titled this talk “7 Cures for a Lean Purse”

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

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