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Title: The Richest Man in Babylon

Author- By George S. Carson

Venue: Elgeyo Marakwet, Off Argwings Kodhek Road.

Date: 27/06/2015

The Richest Man in Babylon is a series of financial parables. These stories are set in ancient Babylon and relate the story of a Babylonian regular guy who used some basic financial sense and built up a great deal of wealth. The book is perfect if you learn by reading the experiences of others. The entire book is told in a story-like format, so it often goes down much like reading a collection of short stories. The language is a bit strange, as the author attempts to sound like this is an authentic tale from the ancient days, but the messages are as clear as sunlight.

Seven Cures for a Lean Purse

  • Start thy purse to fattening: Take one-tenth of what you bring in and save it for the future.
  • Control thy expenditures: Don’t buy frivolous things even if you have enough money to pay

 for them.

  • Make thy gold multiply: Once you start to build up some savings, invest that money so that it

 will make more money for you.

  • Guard thy treasure from loss: You should only invest in things where the principal is safe.
  • Make of thy dwelling a profitable investment.
  • Insure a future income: Invest for retirement and your family’s well being after your passing.

Increase thy ability to earn: Work hard, look for opportunities, and educate yourself.

The Five Laws of Gold

  • 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.

  • Gold laboreth diligently and contentedly for the wise owner who finds for it profitable

employment, multiplying even as the flocks of the field.

  • Gold clingeth to the protection of the cautious owner who invests it under the advice of men

wise in its handling.

  • Gold slippeth away from the man who invests it in businesses or purposes with which he is

not familiar or which are not approved by those who are skilled in its keep.

  • 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.

Other Lessons

  • 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 adequate protection
  • Where the determination is, the way can be found

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