4.Guard thy treasures from loss<ul><li class="ql-align-justify">We must first secure small amounts and learn to protect them before the god entrust us with larger</li><li class="ql-align-justify">The first sounds principle of investment is security for thy principal</li><li class="ql-align-justify">Be not misled by thine own romantic desires to make wealth rapidly</li></ul>

Seven cures for a lean purse

1.Start thy purse to fattening<ul><li class="ql-align-justify">For every ten coins thou placest within thy purse take out for use but nine (save 10% of your income)</li><li class="ql-align-justify">“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”</li></ul>

7.Increase thy ability to earn<ul><li>Preceding accomplishment must be desire. Thy desires must be strong and definite. General desires are but weak longings</li><li>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</li><li>That man who seeks to learn more of his craft shall be richly rewarded</li><li>He must pay his debts with all the promptness within his power, not purchasing that for which he is unable to pay</li><li class="ql-align-justify">To cultivate thy own powers, to study and become wiser, to become more skillful, to so act as to respect thyself</li></ul>

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"

A part of all you earn is yours to keep

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<ul><li class="ql-align-justify">One tenth of all i earn shall be set aside as my own to keep</li><li class="ql-align-justify">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</li><li class="ql-align-justify">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</li></ul>

Clay tablet from Babylon

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

<ul><li class="ql-align-justify">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 </li></ul>

Five Laws of Gold (1)

<ul><li class="ql-align-justify">Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling </li></ul>

Five Laws of Gold (3)

3.Make thy gold multiply<ul><li class="ql-align-justify">The gold we may retain from our earnings is but the start. The earnings it will make shall build our fortunes</li><li class="ql-align-justify">A man's wealth is not in the coins he carries in his purse: it is in the income he buildeth</li></ul>

2.Control thy expenditures<ul><li class="ql-align-justify">what each of us calls our ‘necessary expenses' will always grow to equal our incomes unless we protest to the contrary.</li><li class="ql-align-justify">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</li></ul>

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

<ul><li class="ql-align-justify">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</li></ul>

Five Laws of Gold (4)

<ul><li class="ql-align-justify">Gold laboreth diligently and contetedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field </li></ul>

Five Laws of Gold (2)

5.Make of thy dwelling a profitable investment<ul><li class="ql-align-justify">Own thy own home</li></ul>

<ul><li class="ql-align-justify">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 </li></ul>

Five Laws of Gold (5)

6.Insure a future income<ul><li class="ql-align-justify">Provide in advance for the needs of thy growing age and the protection of thy family</li></ul>

<ul><li class="ql-align-justify">You first learn to live upon less then you could earn</li><li class="ql-align-justify">You learn to seek advice from those who are competent through their own experience to give it</li><li class="ql-align-justify">You learn to make gold work for you</li></ul>

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

Millions of readers have been helped by the famous "Babylonian parables, " hailed as the greatest of all inspirational works on the subject of thrift, financial planning, and personal wealth. In language as simple as that of the Bible, these fascinating and informative stories set you on a sure path to prosperity and its accompanying joys. Acclaimed as a modern day classic, this celebrated bestseller offers an understanding of - and solution to - your personal financial problems that will guide you through a lifetime. This is the book that holds the secrets to acquiring money, keeping money, and making money earn more money.

philosophy

Philosophy

Discover the world of business and economics.

economics

Economics

motivationandinspiration

Motivation & Inspiration

business

Business

books

Books

The Richest Man in the Babylon. This book deals with the personal success of each of us. Success means results coming from our efforts and ability. A good preparation is the key to our success. So keep a part of what you earn with yourself. From the benefits of saving to the essentials of getting rich, this collection of educative Babylonian fables gives you timeless information on how to make money. It guides to getting rich, attracting good fortune and the five golden rules. As a guide to understanding hydro-wealth and a powerhouse has been inspiring readers for generations. You know that Babylon became the richest city of the ancient civilization because it had reserved part of its earnings for the future. Thats why citizens got everything they wanted. How can you always keep your wallet heavy, the author has taught very beautifully on this topic.

George Samuel Clason, also known as George S. Clason. George Samuel Clason was born in Louisiana, Missouri, and died in Napa, California.During his eighty two years he was a soldier, businessman and writer. He served in the United States Army during the Spanish-American War.Clason started two companies, the Clason Map Company of Denver Colorado and the Clason Publishing Company. The Clason Map Company was the first to publish a road atlas of the United States and Canada, and did not survive the Great Depression.George Clason is best known for writing a series of informational pamphlets about being thrifty and how to achieve financial success. He started writing the pamphlets in 1926, using parables that were set in ancient Babylon.

Five Laws of Gold (5)

Similar ideas to Five Laws of Gold (5)

The value of gold

Gold, psychology, and society

Gold