Chapter 44: The power of giving
“These then are the seven cures for a lean purse, which, out of theexperience of a long and successful life, I do urge for all men who desirewealth. “There is more gold in Babylon, my students, than thou dreamest of.There is abundance for all.” The Richest Man in Babylon
Chapter 43: The difference between an asset and a liability
Then be not swayed by foolish sentiments of obligation to trust thy treasureto any person. If thou wouldst help thy family or thy friends, find other waysthan risking the loss of thy treasure. Forget not that gold slippeth away inunexpected ways from those unskilled in guarding it. As well waste thytreasure in extravagance as let…
Chapter 42: Its not easy, it’s a daily thing
Wealth, like a tree, grows from a tiny seed. The first copper you save is theseed from which your tree of wealth shall grow. The sooner you plant thatseed the sooner shall the tree grow. And the more faithfully you nourish andwater that tree with consistent savings, the sooner may you bask incontentment beneath its…
Chapter 41: Master a skill because masters can always get paid
As a man perfecteth himself in his calling even so doth his ability to earnincrease. In those days when I was a humble scribe carving upon the clay for afew coppers each day, I observed that other workers did more than I andwere paid more. Therefore, did I determine that I would be exceeded bynone.…
Chapter 40: The beauty of assets
“To a man’s heart it brings gladness to eat the figs from his own trees and thegrapes of his own vines. To own his own domicile and to have it a place he isproud to care for, putteth confidence in his heart and greater effort behindall his endeavors. Therefore, do I recommend that every man…
Chapter 39: The recommended index funds VTSAX or rather Vanguard index funds
Counsel with wise men. Seek the advice of men whose daily work is handlingmoney. Let them save you from such an error as I myself made in entrustingmy money to the judgment of Azmur, the brickmaker. A small return and asafe one is far more desirable than risk. The richest man in Babylon the recommended…
Chapter 38: Index Fund Versus Stocks
“Insure an income for thy future. Look thou at the aged and forget not that inthe days to come thou also will be numbered among them. Therefore investthy treasure with greatest caution that it be not lost. Usurious rates of returnare deceitful sirens that sing but to lure the unwary upon the rocks of lossand…