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How to: Become The Richest Man In Babylon.
Babylonian Proverbs: The five laws of gold.
What is 'The Richest Man In Babylon'?
is the book that introduces the wealth theories that most finance books are written about. The book is a product of the original pamphlets that banks and insurance companies used to hand out in an attempt to educate people. The pamphlets were bound together and published into a book in 1926 as a collection of parables based in ancient Babylon, the richest city in history. The parables are stories that teach the reader in simple and easy to relate ways how to set lay the bricks that any road to wealth is created from. The Richest Man in Babylon
In this parable, the rich merchant Old Kalabab narrates the lesson of the 5 laws of gold to the reader. In an effort to genuinely thank the laborers who have helped this old merchant on his latest journey who are about to be paid, he wishes to give them one of the greatest gifts of all- the wisdom of gold. The five laws of gold are taught to the reader by telling the story of Nomasir, son of Arkad, the richest man in all of Babylon.
Most children of the wealthy in Babylon lived with their parents until the time until which they would inherit the estate of their parents. Well, being the son of the richest man in Babylon one would probably argue that would also make him the son of the smartest man in Babylon. This smart man knew that until his son was understanding of how to run an estate, by no means other than having created his own wealth, could he prove to Arkad that he truly did UNDERSTAND the laws of gold and the fundamentals of wealth. Arkad gave Nomasir a bag of gold, and a tablet with the five laws chiseled onto it, and sent his son forth to make for himself what he would in the world.
Kalebab tells the tale of when Nomasir returns home 10 years later and he has created a solid foundation of wealth and has a whole list successful wealth growing ventures to speak of. After the 10 years Nomasir has succeeded but not without many trials and tribulations. By the end of his story Nomasir has proclaimed to his father that the tablet of wisdom was worth more than the gold had been and repaid his father 3 bags of gold.
1. 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.
- Money can and will power work in magic ways. One must COMMIT to keeping no less than 10% of all that you earn as your own to keep. Believe it or not, when 9/10ths of what you make is all that you actually have to spend on living expenses, you will find that in some way or another, you still get by.
- “A part of all that you earn is yours to keep.” Say it first thing in the morning. Say it when you have nothing else to think about in a day. Rationing a porting of everything you earn to yourself is the ONLY way to create a want-for-not and financially abundant future for oneself. Regardless of the amount, if you RELIGIOUSLY pay yourself no less that 10% of everything that you earn, you can build wealth regardless of what you make.
2. Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field.
-Paying yourself 10% of everything that you earn can only grow you wealth as long as that money is working for you and making more money for you.
3. Gold clingeth to the protection of the cautious owner who invests it under the advice of wise men in its handling.
-Gold that is respected and positioned to succeed will reward the owner of the gold greatly.
-Gold that is treated protected and well placed for keeping will bring returns of more gold, which should then be placed wisely to grow even more gold, until the gold is always bringing returns to its owner
4. 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 skilled in its keeping.
-The laws of the universe are simple and state that you receive what you put out.
-Those who don’t treat ‘precious gold’ as something they value and want to have around (by investing it blindly or unwisely) says to the universe ‘I don’t quite care how risky this venture is because this gold doesn’t really mean that much to me. I cannot even guarantee the return of this principle gold and therefore I am actively throwing it away. I don’t want gold coming to me because I am throwing it away'
5. Gold flees the man who would force it to impossible earnings or who followeth the advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.
-Another simple law of the universe states that square pegs don’t fit into circle holes: some things can NOT happen.
-The reason I keep using terminology such as building wealth”, “growing your wealth”, is because people DON’T come into money fast and becomes wealthy, of if you know a man to have done it, by all means, please show him to me. Wealth is a financial FOUNDATION that must be planted and nurtured. Once it is established then it may grow for you.
-The universe knows that the person who throws principle away to schemes and visions of get rich quick won’t be adequately capable of being in the care of gold, so it is not sent… besides this person throws it away anyway, they are telling the universe that they do not want it.
Do you have the Midas touch?
I use the terms laws of the universe a lot as a means of simplifying the idea that you can manifest what you project into the world. Please don’t confuse yourself however; these are the laws of gold. The ‘Babylonians’ gave us their hand guide on how to use our money to grow wealth. They are GIVING US the rules for us to follow, it is simply up to us to follow them!