BOOK REVIEW: The Richest Man in Babylon by George S. Clason

    1. #Money Makes the World Go Round

    This is the story about #saving, making money and enlarging the money (honey) pot, presented in fabulous historical tales of ancient Babylon, but all the wisdom is applicable 6000 years later, that is today and most probable will be throughout eternity.



    Like the law of gravity, these laws of money are universal and unchanging.


    3 Do’s and 2 Don’ts Money of Management from ancient Babylon

    [adopted for 2019]

    1.             Money comes gladly and in increasing quantity to any woman or a man who will put by not less than 1/10 of her [his] earnings to create an estate for her [his] future and her [his] family [ladies, follow this best practice single or married, you never know what the future holds]

    Do save 1/10 of all of your earnings [by paying yourself first]

    2.      Money labors diligently and contentedly for the wise owner who finds for it profitable employment [in other words, let’s invest the money we are saving from the Rule 1]

    Do invest those 1/10  

    3.     Money clings to the protection of the cautious owner who invests it under the advice of (wo)men wise in its handling [update on Rule 2: Invest, but do it wisely. Now how about those Mutual Funds?]

                     Do invest those 1/10, but do it wisely

    Money slips away from the (wo)man who invests it in businesses or purposes with which (s)he is not familiar or which are not approved by those skilled in its keep

     

    Do not invest in in something you cannot understand

     

    Money flees the (wo)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

      Do not be greedy. There is no such thing as Get-Rich-Quick


    Money is the medium by which earthly #success is measured.

    Money makes possible the enjoyment of the best the earth affords.

    Money is plentiful for those who understand the simple laws that govern its acquisition.

    Money is governed today by the same laws which controlled it when prosperous men thronged the streets of Babylon.


    Money is plentiful for those who understand the simple rules of its acquisition. Here are the 7 rules you will find in the book:

    1. Start thy purse to fattening
    2. Control thy expenditures
    3. Make thy #gold multiply
    4. Guard thy treasures from loss
    5. Make of thy dwelling a profitable investment
    6. Insure a future income
    7. Increase the ability to #earn

    See also Babylon reconstruction made for the Mesopotamia exhibition of the Royal Ontario Museum & British Museum at ROM, Toronto. It is amazing, to think about how many millennia before human race accomplished so much, and yet we evolved so little in our attitudes, because most of us indeed measures success with money.



    It is 194 pages long book, read it if you haven’t by now and even better buy several copies for the young people you know – they should prosper the most with it.

    This is Amazon link where you can buy the book.

    Oh, you should also now it was written in 1926 and hardheartedly recommended by Jim Rohn. If you follow his work you will notice he says out of 100 people to whom he recommends the book maybe only two or three actually read it. Talking about procrastination you will find tale on this unfortunate way of most men on page 70 (depending of the copy you have it will be in the “Meet the Goddess of Good Luck” part of the book.

    Let me finish with these quotes:

    “The spirit of procrastination is within all men…yet how often when opportunity doth appear before us, that spirit of procrastination from within doth urge various delays in our acceptance. In listening to it we do become our own worst enemies”
     



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