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The Richest Man in Babylon, based on “Babylonian parables,” has been hailed as the greatest of all inspirational works on the subject of thrift, financial planning, and personal wealth. In simple language, these fascinating and informative stories set you on a sure path to prosperity and its accompanying joys. A celebrated bestseller, it offers an understanding and a solution to your personal financial problem.
Revealed inside are the secrets to acquiring money, keeping money, and making money earn more money.Gold Edition includes bonus material: The Magic Story by Frederick Van Dey.The Magic Story: My task is done. I have written the recipe for “success.” If followed, it cannot fail.
Wherein I may not be entirely comprehended, the plus-entity of whosoever reads will supply the deficiency; and upon that Better Self of mine, I place the burden of imparting to generations that are to come, the secret of this all-pervading good, – the secret of being what you have it within you to be. It is claimed that many who read or hear this story almost immediately begin to have good fortune – so it is worth a few minutes of your time to find out if it works for you?
From the Publisher
The Richest Man in Babylon by George S. Clason
The Richest Man in Babylon is a 1926 book by George S. Clason that dispenses financial advice through a collection of parables set 4,000 years ago in ancient Babylon. The book remains in print almost a century after the parables were originally published, and is regarded as a classic of personal financial advice.
Arkad advises on saving 10% of your annual profits to start building up your wealth (or purse): “For every ten cash thou placest within thy purse take out for use but nine. Thy purse will start to fatten at as soon as and its increasing weight will feel good in thy hand and carry satisfaction to they soul”
Arkad advises against luxury costs that ultimately become confused as necessities: “The gold we might also retain from our earnings is but the start”, and, “What every of us calls our ‘necessary expenses’ will always grow to equal our incomes unless we protest to the contrary”, and, “Confuse no longer the necessary expenses with thy desires”.
Arkad advises to invest and to compound the funding return from these savings: “The earnings it will make shall build our fortunes … Learn to make your treasure work for you. Make it your slave. Make its children and its kid’s children work for you”.
Arkad advises against taking a risk of loss and investing get-rich-quick schemes: “Is it clever to be intrigued by larger earnings when thy important may be lost? I say not. The penalty of risk is probable loss. Study carefully, earlier than parting with thy treasure, each assurance that it may be safely reclaimed. Be not misled by way of thine own romantic desires to make wealth rapidly”.
Arkad advises buying versus renting your principal residence, and using your dwelling to establish a business: “I recommend that every man personal the roof that sheltereth him and his”, and, “Nor is it beyond the ability of any well-intentioned man to own his home”.