2. Control Thy Expenditures - Spend Less Than You Earn - Deepstash
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2. Control Thy Expenditures - Spend Less Than You Earn

2. Control Thy Expenditures - Spend Less Than You Earn

  • On to the subject of thrift - when you have extra money, it’s tempting to splurge and buy fancy things. But don’t! Make sure to live within your means and only take on necessary expenses.
  • Arkad says: “What we call ‘necessary expenses’ will always grow to equal our incomes unless we protest to the contrary.”

374

2.65K reads

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5. Thy Dwelling A Profitable Investment - Own Your House

5. Thy Dwelling A Profitable Investment - Own Your House

  • Arkad tells us that “every man should own the roof that sheltereth him and his.” That’s because it can reduce your cost of living and make more money available for your desires.
  • Instead of just throwing your money away on rent, you’ll be building equity in an investment. And...

356

1.67K reads

Story-2 : The Walls Of Babylon

Story-2 : The Walls Of Babylon

Babylon is under attack, and the citizens are afraid. The guard assures them all the walls will hold, as they are strong and fortified.

Babylon does survive the attack, and Clason uses this to illustrate that we need financial security throughout life. You never know when you’ll be under at...

353

1.31K reads

GEORGE S. CLASON

“The more of wisdom we know, the more we may earn. That man who seeks to learn more of his craft shall be richly rewarded.”

GEORGE S. CLASON

364

1.57K reads

Never Live Beyond Your Means

Never Live Beyond Your Means

  • Make a list of all your outgoing expenses.
  • Think very carefully about what’s strictly necessary and what’s just a luxury.
  • Cut back on things you can live without.
  • Be very wary of developing expensive habits.

375

2.68K reads

1. Start Thy Purse To Fattening - Start Earning

1. Start Thy Purse To Fattening - Start Earning

  • Set aside 10% of your income for you!
  • You can use that other 90% to pay bills and other expenses. But that 10% is specifically for you to save and invest later on.
  • It seems small at first, but gradually, you’ll start to have a good amount set aside.

382

3.7K reads

Always Pay Yourself First:

Always Pay Yourself First:

If you’re not in debt:

  • Set aside 10% of your income before anything else; and
  • Live on the 90% that’s left.

If you are in debt:

  • Set aside 10% of your income before anything else;
  • Repay your creditors with 20%; and
  • Live on the 70% that’s lef...

408

3.33K reads

3. Make Thy Gold Multiply - Invest

3. Make Thy Gold Multiply - Invest

  • Now that you have some money set aside, it’s time to put it to work. When you invest your cash, it can reproduce and bring you a steady stream of income and personal wealth!
  • Arkad’s philosophy is that “you make your gold have children, who can then also work for you.”

365

2.11K reads

How Can I Make Money Multiply?

How Can I Make Money Multiply?

  1. You should surround yourself with people who want, understand and make lots of money.
  2. You should only seek financial advice from the very best experts in the field. Don’t take advice from your family, friends or colleagues.
  3. You should stick to the pl...

379

2.1K reads

Story-1 : The Gold Lender Of Babylon

Story-1 : The Gold Lender Of Babylon

Gold lender Mathon’s advice on lending ,

When lending, only lend to those you trust, who are knowledgeable in their field and have the means to repay. If possible, you should even consider taking some collateral worth the value of the loan. This winning combination of factors ensures you’ll...

356

1.39K reads

GEORGE S. CLASON

“You’ve learned the lessons well.

You first learned to live on less than you earn.

Next you learned to seek advice from those who are competent.

Last...

GEORGE S. CLASON

358

1.5K reads

Morals

Morals

  • A part of all you earn is yours to keep.
  • Men of action are favored by the goddess of good luck.
  • Better a little caution than a great regret.
  • We cannot afford to be without adequa...

392

1.44K reads

7.Increase Thy Ability To Earn-Create Multiple Streams Of Income

7.Increase Thy Ability To Earn-Create Multiple Streams Of Income

  • Want to earn more? Develop your mindset and your skills! The more wisdom you have, the more you can earn.
  • Choose knowledge over gold — a bag of books over bag of money.
  • Doing all of these things can help you become a better investor and incr...

363

1.38K reads

Story-4 : The Luckiest Man In Babylon

Story-4 : The Luckiest Man In Babylon

Sharru Nada was a slave working for a baker, where he made extra pastries and shared the money with his master. He wanted to work hard so he could buy back his freedom.

Unfortunately, his master gambled all his money, so Sharru was sold again and almost condemned to a hard labor life before...

352

1.19K reads

6. Insure A Future Income - Plan For Retirement

6. Insure A Future Income - Plan For Retirement

  • Arkad recommends planning for retirement in advance to ensure your treasures and protect your family. Naturally, having a savings account or retirement pension with a lot of money saved up is great.
  • But you can also rent out the properties that you bought earlier in life. Either way,...

350

1.41K reads

4. Guard Thy Treasures From Loss  - Diversify / Insure

4. Guard Thy Treasures From Loss - Diversify / Insure

  • Arkad warns us that there is no way to make massive amounts of money overnight. Instead, it takes time, effort, and knowledge.
  • And when you are ready to invest, make sure to start small. You need to learn to secure smaller amounts u...

366

1.61K reads

Story-3 : The Camel Trader Of Babylon

Story-3 : The Camel Trader Of Babylon

Dabasir was sold as a slave and was trained as a camel tender. One of his master’s wives, Sira, asks him if he has the soul of a free man or slave. After a while, he realizes he wants to repay his debts, so she helps to free him.

He works so hard to pay off his debts using a precise budget....

357

1.23K reads

The Five Laws Of Gold

The Five Laws Of Gold

  1. When you save part of your income (even if you have a low income), it helps you build up your wealth.
  2. When you invest your money, it will multiply so you have more of it.
  3. Leverage the advice of financial experts if you need to when investing your money for more security.
  4. ...

425

4.56K reads

Common Traps We Should Avoid

Common Traps We Should Avoid

  • Don’t get into debt.
  • Don’t help people in ways that mean you take on their financial burdens.
  • Don’t lend money to others without taking some guarantee of repayment.
  • Don’t forget ...

389

1.85K reads

GEORGE S. CLASON

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

GEORGE S. CLASON

374

2.32K reads

CURATED FROM

CURATED BY

prince_rahul

"A good idea should be like a girl's skirt; long enough to cover the subject and short enough to create interest."

In old Babylon there once lived a certain very rich man named arkad . Far and wide he was famed for his great wealth….

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