![]() ![]() Those nuggets work like magic every day once they are implemented. Our attraction to this book is its simplicity, relevance and potency. We cannot overemphasize this nugget, probably the most important in The Richest Man in Babylon, as it provides the capacity for you to earn more. Thereby shalt thou acquire confidence in thyself to achieve thy carefully considered desires” Cultivate thy own powers, to study and become wiser, to become more skilful, to so act as to respect thyself. The more wisdom we know, the more we may earn. “That man who seeks to learn more of his craft shall be richly rewarded. It is not early to start saving for that retirement life you dream of. Therefore do I say that it behoves a man to make preparations for a suitable income in the days to come, when he is no longer young, and to make preparations for his family should he be no longer with them to comfort and support them.” “The life of every man proceedeth from his childhood to his old age. You can easily create a house rent plan on Cowrywise and save towards that financial goal much quicker. ![]() Interpretation: Build or rent a home you can comfortably afford. ![]() To own his own domicile and to have it a place he is proud to care for, putteth confidence in his heart and greater effort behind all his endeavours” Nor is it beyond the ability of any well-intentioned man to own his home. “I recommend that every man own the roof that sheltered him and his. Make of thy dwelling a profitable investment Hence our proactive approach to the security of savings through our Trust structure that allows all assets to be held by our custodian on behalf of savers. Be not misled by thine own romantic desires to make wealth rapidly”. Study carefully, before parting with thy treasure, each assurance that it may be safely reclaimed. Is it wise to be intrigued by larger earnings when thy principal may be lost? I say not. “The first sound principle of investment is security for thy principal. We do not stop at helping you save money, we take a step further by making that saving work for you i.e investing. Interpretation: Make your money work for youĪnd this, on Cowrywise you earn returns on your periodic savings. Make its children and its children’s children work for you”. Learn to make your treasure work for you. ![]() The earnings it will make shall build our fortunes. “The gold we may retain from our earnings is but the start. Confuse not the necessary expenses with thy desires”. “What each of us calls our ‘necessary expenses’ will always grow to equal our incomes unless we protest to the contrary. We automate your savings and you can even save more than 10%. Thy purse will start to fatten at once and its increasing weight will feel good in thy hand and bring satisfaction to their soul”. “For every ten coins, thou placest within thy purse take out for use but nine. These 7 financial lessons are compiled from what Arkad called “seven cures for a lean purse” which he presented to a group of 100 men over seven days in a bid to transform Babylon into the wealthiest city in the world. In this short article, we explore 7 simple steps identified in this 97-year-old book and how you can employ these steps in diligently building your wealth. Arkad achieved this feat by riding on the wisdom he gathered from the rich money lender called Algamish. The book chronicles how practical money management and wealth-building lessons were used by Arkad, who had a humble background as a son of a merchant but grew to become the richest man in the ancient city of Babylon. It is undeniably a personal finance classic. George Samuel Clason’s book, The Richest Man In Babylon is just as relevant today as it was in 1926 when it was published. ![]()
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