Book Reading - Richest Men in Babylon - Seven Cures for a Lean Purse

  1. Flatten thy Purse: For each ten coins I put in, to spend but nine.
  2. Control thy Expenditures:
    • Study thoughtfully thy accustomed Habits of Living, Herein may be most often found certain accepted expenses that may wisely be reduced or eliminated.
    • Budget the expensens that you my have coins to pay for thy necessities to pay for the enjoymenents and to gratify thy worthwhile desires without spending more than nine-tenths of thy earnings
  3. Make thy gold multiply
    • To put each coin to laboring that it may reproduce its kind even as the flock of the field and help bring the income - a stream of wealth that will constantly flow
  4. Gaurd thy treasures from loss
    • The first and sound principle of investment is security for the principal. The penalty of risk is probable loss
    • Be not too confident on own wisdom in entrusting the tresures to the possible pitfalls
    • Gaur dthe treasure from loss by investing only where the principle is safe where it may be reclaimed if desirable, an where you will not fail to collect a fair rental.
    • Secure advise from wise men who are experienced in profitable handlinf of income structure.
  5. Make thy dwelling profitable
    • Do I recommend that every man own the roof that sheltereth him and his.
    • And greatly will it reduce his cost of living, making available more of his earnings for pleasures and the gratification of his desires
  6. Insure a future income
    • A man may buy houses or lands for this purpose. If wisely chosen as to their usefulness and 23 value in the future, they are permanent in their value and their earnings or their sale will provide well for his purpose.
    • Provide in advance for the needs of thy growing age and the protection of thy family
  7. Increase thy ability to earn
    • Desires must be simple and definite. They defeat their own purpose should they be too many, too confusing, or beyond a man's training to accomplish.
    • In learning to secure his one definite small desire, he hath trained himself to secure a larger one.
    • The more of wisdom we know, the more we may earn. That man who seeks to learn more of his craft shall be richly rewarded.
    • Cultivate thy own powers, to study and become wiser, to become more skillful, to so act as to respect thyself



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