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The Richest Man in Babilon
The Richest Man in Babilon
The Richest Man in Babilon
As one gains wealth and then spends that wealth, it goes back to the people who did
the work, then they can do with as they please with their own well earned money. Whether they choose
to save or spend is their own choice.
If you can only save 10% save that if you can save more without hurting yourself do so.
Cure 1: for every 10 coins you put into your purse, take out for your own use only 9.
Cure 2: Budget
Cure 3: put each coin to laboring that it may reproduce it's kind regardless of what you do, and it will
generate a constant stream of income I to your purse.
(Aka, invest.)
Cure 4: guard your treasure from loss by only investing where you know your treasure is safe, where it
may be reclaimed if desireable, where you will not fail to collect a fair rental. Consult with wise men.
Consult the advice of those experienced in the profitable handling of gold. Let their wisdom protect your
treasure from unsafe investments.
Cure 6: provide in advance for the needs of your growing age, and the protection of your family.
Cure 7: Cultivate your own powers. Study and become wiser. Become more skillful. So act as to respect
yourself.
~~~
Luck: Rarely does luck come out of nowhere. Most often it is a matter of using your intelligence to know
a good deal from a bad deal.
Do not procrastinate if you believe it, with your well earned knowledge to be a good deal.
Saying no may well lead to much regret if you are too fearful or simply being lazy. Do what you know you
need to do.
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1: Gold comes gladly and in increasing quantity to any man who will put by not less than one tenth of his
earnings for his future and that of his family.
2: Gold labors diligently and contentedly for the wise owner who finds for it profitable employment,
multiplying like the flocks of the field.
3: Gold clings to the protection of the cautious owner who invests it under the advice of men wise in it's
handling.
(You'll lose it if you don't know what you're doing and if you don't seek advice from those more
knowledgeable.)
5: Gold flees the man who would force it to impossible earnings or who follow the alluring advice of
tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.
(Trying to obtain too much too soon, often leads to loosing everything. Be it because you were too eager
or listened to lies.)
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Lending Money
If you wish to help a friend, do so in such a way you do not bring your friends burdens onto yourself.
Always asks for something of equal or greater value than the loan provided so if they do not repay, it can
cover what they owe.
Those who borrow money for purposes that bring money back to them, are often quick to repay the
debt they hold.
If they borrow because of their indiscretions, you may never have your gold back in hand again.
Some people will borrow on behalf of others, not recognizing that it is not a good investment.
Some will borrow regularly. It helps a city to grow in wealth when money is lended to those who can use
it properly.
To secure wealth quickly, youth often borrows unwisely. Not realizing how debt is a oit of sorrow and
regrets.
If a good purpose, ask if they have the knowledge they need to make the endeavor profitable.
If they are wise and their purpose seems good, then they are worthy of a loan from you.
If not wise or good purpose, they should be made aware of the pitfalls they could face and the risk it is to
you.
Do not, in your desire to help, take on the burden that was supposed to be theirs to carry.
If you would lend where it would bring you more gold, lend with caution and in many places.
Idle gold brings no profit. But too high risk brings loss of gold.
The walls of babylon were built, not because they were needed, but because they might one day be
needed.
A defense against that which we do not currently face, but may face when not as strong in the future.
~~~~~
Do you have the soul o a slave, who sees the problems if the world and merely whines, let's the world do
to him as it will.
Or have you the soul of a free man who sees the world as a series of problems that he must, and will,
overcome?
Occuring debts with no plan to repay them makes you a slave of those debts. No matter where or how
long you run you shall still owe them.
It will take time and effort, but those who push to pay their debts will eventually be free once again.
~~~~
Chapter 9: The Clay Tablets from Babylon
Tablet 1:
That man that keep gold and silver in his purse that he need not spend is good to his family and loyal to
his king.
The man that has but a few copers in his purse is indifferent to his family and indifferent to his king.
The man that has an empty purse is unkind to his family and disloyal to his king, for his heart is bitter.
7/10 of what I earn shall be used to provide a home, clothes to wear, and food to eat. With a bit extra to
spend so that our lives be not lacking in pleasure and enjoyment. But my spending on ourselves shall not
succeed 7/10s of what I earn.
Tablet 2:
Out if my earnings my debts should be paid. 2/10 of all I earn shall be divided between the debts I owe.
Keep track of who you owe money to and pay them all regularly as the plan provides.
Tablet 3:
Mark your total debt and Why you gained that debt, the negatives that have come from it, and what you
have learned in wanting to repay it.
Tell all you owe that you shall spend 2/10 of all you owe to repay your debts, evenly and honestly.
(In the case of loans or credit card debt, talk with the company, and consolidate for lower monthly
amount, if need be.)
It is easier to pay your debts justly even if a few of them are angry or impatient. Deal with all equally.
Tablet 4:
After working hard and gaining that first months pay, you shall see your debt decrease, and you shall
hold a bit if profit for yourself that is only claimed by you.
Even in times of poorer earnings, stay by the plan and your diligence shall be rewarded.
You may have to eat a bit less on your 7/10 but you will make it through.
Tablet 5:
The day shall come when you have finished payments to all of your debts and you may rightfully
celebrate.
From then on, the 2/10 that was for paying off debts should be put along with the 1/10 that is yours to
keep for investments and holding.
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The luckiest man in babylon is a slave who chose hard work and diligence and sought to strive for more.
Being good to others, others were good in return.