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THE RICHEST MAN IN BABYLON- A BRIEF SUMMARY

On one lucky day when I was surfing through flipkart, I stumbled upon a book set. It contained four books Napoleon Hill’s Think and Grow Rich other two and George Clason’s most epic work The Richest Man in Babylon.

The Richest Man In Babylon was written almost 90 years ago in 1926 by George Clason, well actually they were a series o pamphlets. It’s a one-day read that will give you the wisdom of a lifetime. This is the simplest book on finance. It’s also an interesting read as it consists of short stories that won’t let you go.

THE RICHEST MAN IN BABYLON.

MEET THE GODDESS OF GOODNESS

Luck is an important aspect of our lives. The first part of the book starts with relation to luck with our financial lives. The story begins with a Charioteer Bansir, he has had a dream last night of him being very rich. He is in his quest for finding gold, he has a musician friend Kobi who has the same answer to find.

Together they decide to ask the richest man in Babylon Arkad the question. So they reach Arkads palace with a few other people. Arkad heartily welcomes them and tells them to sit down for a discussion.

People share their in responses to the questions asked and their morals are:

  • Money cannot be won at gambling tables.
  • Good Luck brings you opportunities, not a success. Grasping them and converting them is in your hands.
  • Money won on gambling tables is temporary.
  • Striking a bargain immediately if it’s a good one.
  • Good Luck can be enticed by opportunity.

MEN OF ACTION ARE FAVOURED BY THE GODDESS OF GOOD LUCK.

THE FIVE LAWS OF GOLD.

A bag filled heavy with gold or a clay tablet carved with wisdom; What would you choose? – Well you will get the answer at the end.

NOMASIR son of ARKAD was sent to the outside world with a bag of gold and a wisdom tablet. NOMASIR returns with 3 bags of gold and describes the journey of his success and the five laws of gold that helped him perceive financial success.

  • Gold comes gladly and in increasing quantity to a 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.
  • Gold labors diligently and contentedly for the wise owner who finds for it profitable employment, multiplying evenly.
  • Gold clings to the protection of the cautious owner who invests it under the advice of men wise in its handling.
  • Golds slip from the hands of those who invest it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep.
  • Gold flees the man who forces impossible earnings or who follows the alluring advice of tricksters and schemers or who trusts it on his own inexperience and romantic desires in investment.

THE GOLD LENDER OF BABLYON.

My favorite sorry in the book is that of the gold lender of Babylon. The gold lender when asked for advice by the spear maker tells him the law of lending and the advice is very simple.

Better a little CAUTION than REEGRET.

THE WALLS OF BABLYON.

Well, The Walls of Babylon is the lesson you need to look at the most. Babylon was the richest city at the time and many invaders found their way to Babylon to capture the city and get hold of its riches but the city never fell. All thanks to its IMPREGNABLE WALLS.

AS such in today’s world we cannot afford to be without adequate protection behind the impregnable walls of Insurances, Saving accounts, and dependable Investments.

Always INSURE , SAVE and INVEST.

THE CAMEL TRADER OF BABLYON.

A boy named Tarkad is in heavy debt he hasn’t eaten anything for days and suddenly he is caught by one of his lenders Dabasir the old camel trader and a friend of his father’s.

Debaser takes Tarkad inside the inn and tells him the story of how he once a slave retrieved his freedom and shot his way up to financial freedom. The lessons you learn from this story are :

  • Never blame your fortune
  • when there is DETERMINATION there is a way.
  • it all depends on how BADLY you want it.

THE CLAY TABLET.

This clay tablets tell us on how to arrange our monthly finance.

SAVE – One-tenth.
SPEND – Seven tents
PAYBACK LOANS – Two tenths

THE LUCKIEST MAN IN BABLYON.

The last story is about the merchant prince Sharru Nadda and the grandson of his once partner Arad Gulla. The story tells about how Sharuu nadda frees himself from the shackles of slavery. the way to his freedom is carved by a simple principle he follows:

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