THE FIVE LAWS OF MONEY FROM THE RICHEST MAN IN BABYLON

The Richest Man in Babylon is a book that was written in 1920’s, the author, George  S. Clason was a very wise man. Surprisingly, the lessons of over 100 years ago are very much true in our present lives. Technology might have changed over the years; our lifestyles might have changed, but the laws of proper money management are still the same. Yes, the law of gravity has not changed over the years, why should the laws concerning money change? The author of the book says that if many people were asked what they will choose between a bag of  gold (money ) and a tablet containing laws concerning money management, many will choose the latter. Yet he compares this to a pack of wolves who are hungry and when you throw meat to them, all they do is fight and eat the whole of it. Come the following day, they are still hungry….just take your few minutes to read through these five laws of money management.

THE FIRST LAW OF GOLD

Gold cometh gladly and in increasing quantity to any 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.

"Any man who will put by one-tenth of his earnings consistently and invest it wisely will surely create

a valuable estate that will provide an income for him in the future and further guarantee safety for his

Family in case the Gods call him to the world of darkness. This law always sayeth that gold cometh

gladly to such a man. I can truly certify this in my own life. The more gold I accumulate, the more

readily it comes to me and in increased quantities.

The gold which I save earns more, even as yours will, and its earnings earn more, and this is the working

out of the first law."

THE SECOND LAW OF GOLD

Gold laboureth diligently and contentedly for the wise owner who finds for it profitable

employment, multiplying even as the flocks of the field.

"Gold, indeed, is a willing worker. It is ever eager to multiply when opportunity presents itself. To

every man who hath a store of gold set by, opportunity comes for its most profitable use. As the years

pass, it multiplies itself in surprising fashion."

THE THIRD LAW OF GOLD

Gold clingeth to the protection of the cautious owner who invests it under the advice

of men wise in its handling.

"Gold, indeed, clingeth to the cautious owner, even as it flees the careless owner. The man who seeks the

advice of men wise in handling gold soon learneth not to jeopardize his treasure, but to preserve in safety and to enjoy in contentment its consistent increase."

THE FOURTH LAW OF GOLD

Gold slippeth away front the man who invests it in businesses or purposes with

which he is not familiar or which are not approved by those skilled in its keep.

"To the man who hath gold, yet is not skilled in its handling, many uses for it appear most profitable. Too

often these are fraught with danger of loss, and if properly analyzed by wise men, show small possibility of profit. Therefore, the inexperienced owner of gold who trusts to his own judgment and invests it in businesses or purposes with which he is not familiar, too often finds his judgment imperfect, and pays with his treasure for his inexperience. Wise, indeed, is he who investeth his treasures under the advice of men skilled in the ways of gold."

THE FIFTH LAW OF GOLD

Gold flees the man who would force it to impossible earnings\or who followeth the

alluring advice of tricksters and schemers or who trusts it to his own inexperience

and romantic desires in investment.

"Fanciful propositions that thrill like adventure tales always come to the new owner of gold. These

appear to endow his treasure with magic powers that will enable it to make impossible earnings. Yet heed ye the wise men for verily they know the risks that lurk behind every plan to make great wealth suddenly.

"Forget not the rich men of Nineveh who would take no chance of losing their principal or tying it up

in unprofitable investments.

There you have it. Do something about it. Remember, knowledge is not power, its potential power. It only becomes power when it’s actualized and brought into action..