Wednesday, 25 January 2012

Wisdom via The Richest Man in Babylon

A quaint little book, words largely printed and thinly bound – easy to read, quick to finish but vast amounts of lessons to be absorbed.  This is not a review courtesy of me and my blog, just my willingness to impart with you some of the very basic insight from George Clason's work.
I've been passing along the book to the people in my life, whether they would away with more sense and purpose for their cents, is their doing.  I'm always eager to share what I learn and know – Maya Angelou says, "What you learn, teach" – but there's only so much I can do on my part.
Continue reading and prosper your thinking:

  • Firstly, know that wealth is a power that – many things are possible with it.
  • Save and let your savings earn more for you – this is a very basic rule, overlooked especially with my generation where instant gratification is king.
  • You will fail at business endeavours & investments but try again.  Remain determined.
  • Something that encompasses all aspects of life: opportunity wastes no time – set a task and see it through.
  • Again. Save.
The read's humorous and nothing droned with business and economics jargon.  If you don't aspire to be some corporation's bitch for all your life (that may not appear in the book and are my sole views) you'd find it it fruitful.
  • Build your own fortune.
  • If that latest gadget is not an emergency, put if off until you're able to afford it without having to incur debt.
  • Budget.  I'm a dismal failure at this.
There's a lot said on investing.  What it basically boils down to is that one should make provision for the future.
  • Put more interest in your work, concentrate upon your task and put more persistence in your efforts.  And that goes for whatever you do.
  • You won't get rich by gambling.
  • When lending/borrowing ascertain that the purpose is wise and the ambition honourable.
  • Better a little caution than a great regret.  Another of my miserable failures, I'm prone to impulsive extravagance which I later rue but this is not about me, so...
  • Your debts are your enemies, pay them don't avoid them.
There are many more tales and wise words, get yourself acquainted!
If that's not possible I hope that what I have summarised here will be to your benefit somewhat.

Take care... 
of your money.


4 comments:

  1. Just finished reading it. A lovely collection of tales with really sound advice regarding money. A must!

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  2. Thank you for your comment.

    It truly is, sound advice that one can benefit from for this lifetime and that of your offspring.

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  3. One of my favorite books.
    You should also try "The richest man who ever lived" by Steven K Scott.

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    Replies
    1. Great!

      Thank you for the book recommendation, it's appreciated.

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