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  • You first learn to live upon less then you could earn
  • You learn to seek advice from those who are competent through their own experience to give it
  • You learn to make gold work for you

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1.24K reads

A part of all you earn is yours to keep

GEORGE SAMUEL CLASON

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Seven cures for a lean purse

Seven cures for a lean purse

1.Start thy purse to fattening

  • For every ten coins thou placest within thy purse take out for use but nine (save 10% of your income)
  • “Which desirest thou the most? Is it the gratification of thy desires of each day, a jewel, a bit of finery, better raiment, more food; things quickly gone and forgotten? Or is it substantial belongings. Gold, lands, herds, merchandise, income-bringing investments? The coins thou takest from thy purse bring the first. The coins thou leavest within it bring the latter”

107

880 reads

Seven cures for a lean purse

Seven cures for a lean purse

2.Control thy expenditures

  • what each of us calls our ‘necessary expenses' will always grow to equal our incomes unless we protest to the contrary.
  • Budget thy expenses that thou mayest have coins to pay for the necessities, enjoyments and gratify thy worthwhile desires without spending more than nine tenth of thy earnigs

107

684 reads

Seven cures for a lean purse

Seven cures for a lean purse

3.Make thy gold multiply

  • The gold we may retain from our earnings is but the start. The earnings it will make shall build our fortunes
  • A man's wealth is not in the coins he carries in his purse: it is in the income he buildeth

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586 reads

Seven cures for a lean purse

Seven cures for a lean purse

4.Guard thy treasures from loss

  • We must first secure small amounts and learn to protect them before the god entrust us with larger
  • The first sounds principle of investment is security for thy principal
  • Be not misled by thine own romantic desires to make wealth rapidly

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523 reads

Seven cures for a lean purse

Seven cures for a lean purse

5.Make of thy dwelling a profitable investment

  • Own thy own home

107

600 reads

Seven cures for a lean purse

Seven cures for a lean purse

6.Insure a future income

  • Provide in advance for the needs of thy growing age and the protection of thy family

105

510 reads

Seven cures for a lean purse

Seven cures for a lean purse

7.Increase thy ability to earn

  • Preceding accomplishment must be desire. Thy desires must be strong and definite. General desires are but weak longings
  • 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
  • That man who seeks to learn more of his craft shall be richly rewarded
  • He must pay his debts with all the promptness within his power, not purchasing that for which he is unable to pay
  • To cultivate thy own powers, to study and become wiser, to become more skillful, to so act as to respect thyself

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407 reads

Five Laws of Gold (1)

Five Laws of Gold (1)

  • Gold cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family 

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424 reads

Five Laws of Gold (2)

Five Laws of Gold (2)

  • Gold laboreth diligently and contetedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field 

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408 reads

Five Laws of Gold (3)

Five Laws of Gold (3)

  • Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling 

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390 reads

Five Laws of Gold (4)

Five Laws of Gold (4)

  • Gold slippeth away from the man who invests it in business or purposes with which he is not familiar or which are not approved by those skilled in its keep

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366 reads

Five Laws of Gold (5)

  • 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 

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349 reads

Wealth that comes quickly goeth the same way. Wealth that stayeth to give enjoyment and satisfaction to its owner comes gradually, because it is a child born of knowledge and persistent purpose 

GEORGE SAMUEL CLASON

111

335 reads

Ill fortune pursues every man who thinks more of borrowing than of repaying

GEORGE SAMUEL CLASON

108

329 reads

The soul of a free man looks at life as a series of problems to be solved and solved them, while the soul of slaves whine “what can i do who am but a slave"

GEORGE SAMUEL CLASON

107

291 reads

Clay tablet from Babylon

Clay tablet from Babylon

Translation from tablets from excavation in the ruins of Babylon, about a man named Dabasir pay off all his debts and become a man of means worthy of respect

  • One tenth of all i earn shall be set aside as my own to keep
  • Seven-tenth of all I earn shall be used to provide a home, clothes to wear, and food to eat, worth a bit extra to spend, that or lives be not lacking in pleasure and enjoyment
  • Each time the moon is full, two-tenth of all I have earned shall be divided honorably and fairly among those who have trusted me and to whom I am indebted

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282 reads

IDEAS CURATED BY

ianpuang

Welcome, I post what i read Everything I post is in the book, I'll quote it if it's my own opinion

CURATOR'S NOTE

financial advice through a collection of parables set 4,097 years earlier, in ancient Babylon

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

Different Perspectives Curated by Others from The Richest Man in Babylon

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

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