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The Richest Man in Babylon - Key Takeaways


The Laws of Handling Wealth

  • Being able to differentiate between your desires and needs is vital, ultimately living on less.

  • Always learn to make money work for you by investing in assets that can support your growth.

  • Don’t be afraid to listen to experts in your field.


7 Cures for a Lean Purse

  • “Start Thy Purse to Fattening”

    • Save 10% and spend the remaining 90% of your income to see a gradual build-up

  • “Control thy expenditures”

    • Limit your spending desires

  • “Make your gold multiply”

    • Be sure to invest your savings wisely to see an increase in money and wealth

  • “Guard your treasures against loss”

    • Investing strategies and overall reduce the chance of risk

  • “Make of your dwelling a profitable investment”

    • When looking for a home, seek ownership to avoid high costs and build-up

  • “Insure future income”

    • Plan wisely so that you have enough income to protect your family and retirement

  • “Increase your ability to learn”

    • Keep studying as it never ends; Knowledge is the key to success

5 Laws of Gold

  • Gold will increase for those who put 10% aside for their future

  • Gold will stick to a wise investor

  • Gold, on the other hand, will slip away from those who do not plan properly

  • Gold will leave those who invest in things they lack knowledge on

  • Gold increases for those invest it wisely

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