Secure the advice of those experienced in the profitable handling of gold. After further consultation with the Chancellor, the King summons Arkad to teach people how to become wealthy. Start filling your bag From every 10 coins you earn, spend only nine of them.

This section begins with a Babylonian proverb about luck.

Some earn much more than others. “I found the road to wealth,” he said, “When I decided that a part of all I earned was mine to keep. The story is now set as a translation of ancient Babylonian stone tablets as authored by a fictional professor of archaeology, Alfred H. Shrewsbury. Rodan relates that his sister wishes Rodan to give the gold to her husband, Araman, so that Araman might become a merchant. Save at least 10-percent of all that you earn for an investment fund for the future. Some Phoenicians took advantage of the brickmaker's naivety concerning jewels and sold him bits of colored glass. In Third Person, this story tells of Rodan, a spearmaker, who received fifty pieces of gold from the king as a gift for making such excellent spears. Anyone who accepts that luck plays a major role has as good a chance as anyone else to strike the jackpot during their lifetime. After learning diligently all that he could about baking, Sharru began to take over more and more of the duties of running the bakery.

The book is one of the best self-help books ever written. If you liked reading The Richest Man In Babylon Summary, then please share this by clicking one of the share buttons. Mathon then asks Rodan whether a loan would be well made if the borrower could not repay. Post navigation . He foolishly lost the money that his father had given to him, but remembered the five laws of gold that his father had related to him. Sargon of Akkad, the King of Babylon, is told by his Royal Chancellor that the kingdom is poor. Upon hearing that a man was looking for a baker, Sharru spoke up and asked, "Why should a good baker like thyself seek another baker of inferior ways? Godoso told Sharru to make the people at the slave auction want to buy Sharru as a slave, to avoid being sold to the king as a brick carrier to build the walls of Babylon. Most people labour to pay their bills.
Control your expenses What we call obligatory expenses grow in proportion of our income, if we don´t do something to avoid this. The next morning, when the ox proclaimed that he was sick and couldn't work, the farmer ordered that the donkey be used to plow the field.
Increase thy ability to earn1. It is this: That what each of us calls our necessary expenses' will always grow to equal our incomes unless we protest to the contrary."

If a person will keep just a small proportion of that money, they will eventually have a sizeable pool of capital available. Alfred then relates that everything went as planned and that although it was difficult he and his wife did manage to live on seven-tenths of their income, save one-tenth, and eventually pay their creditors off with the remaining two-tenths.

The King asks why so few men would be able to acquire all of the gold and the Chancellor says because they know how to, that one may not condemn a man for succeeding because he knows how, neither may one with justice take away from a man what he has fairly earned, to give to men of less ability. He related this to Algamish, who castigated Arkad for this foolishness.

Reviews 1.

Sharru confided that Arad Gula, at that time, was also a slave who was about to buy his freedom. It wasn't until after Sharru counseled him that Arad decided to buy his freedom and become a merchant himself.

The first sound principle of investment is security—what is a person who wants a loan from you offering as collateral? I wish he would, for you are a lazy fellow." Zabado scoffed at this, pointing out that Megiddo was now a slave just like the rest of them. Kalabab then relates that, using these laws of gold, Nomasir became rich. Seek advice from those who are competent to give it through their own experiences. The person of action, who is able to jump at whatever business propositions are presented, is in a stronger position to attract good luck than the type of person who sits back and waits for everything to be presented on a plate. Both kinds of learning are useful and valuable. Buy the house in which you live so you don’t waste any money on rent.


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