Book of the Week: The Richest Man in Babylon
11 Jan 2015
Either Rich Dad, Poor Dad plagiarized from 5,000 year old documents or that the way to get rich is as old as money. The Richest Man in Babylon is a collection of stories that give lessons on building wealth from richest man in Babylon. These principles are still applicable today. It’s not rocket science, yet lots of people are poor, because they don’t save and invest. 7 Remedies for a Lean Purse
- Start fattening your purse
- Control your expenditures
- Make your gold multiply
- Guard your treasures from loss
- Make your home a profitable investment -
- Insure a future income
- Increase your ability to earn
5 Laws of Gold
- Gold comes 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.
- Gold labors diligently and contentedly for the wise owner who finds profitable employment for it, multiplying as the flocks of the field.
- Gold clings to the protection of the cautious owner who invests it under the advise of men wise in its handling.
- Gold slips away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep.
- Gold flees the man who would force it to impossible earnings or who follows the alluring advice of tricksters and schemers or who trusts it to this own inexperience and romantic desires in investment.
There was income inequality back then, there is income equality now and there will be income inequality in the future. People have been getting wealthy the same way they have been all through time.