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"Save at least 10 percent of everything you earn and do not confuse your necessary expenses with your desires".

This is a classic for a reason! It is just as relevant today as it was the day it was released in 1926 by George S. Clason. What makes this book so ingenious is displayed already in its title. The book tells a story set in Babylon during ancient times.
Two men visit their rich friend Arkad, whom is the richest man in Babylon. They ask Arkad why fate has favored him so much that he has grown rich while they remain poor, even though they've work harder than Arkad. He replies that he once worked hard as well and that he one day made a deal with a very rich man to learn the secret to wealth, and he starts the share the secret with his two friends.

The Seven Ways of Filling Your Bag

1: Start thy purse to fattening Take one-tenth of what you bring in and save it for the future. The book uses a coin analogy: for every nine coins you spend, take one and put it away for yourself. This is very sensible; a goal all of us should have.
2: Control thy expenditures Don’t buy frivolous things even if you have enough money to pay for them. Instead, make sure that you can continue to save one-tenth of what you bring in. For this reason, I write about frugality on The Simple Dollar.
3: Make thy gold multiply Once you start to build up some savings, invest that money so that it will make more money for you. Another pretty clear point; if you start saving money, it shouldn’t just sit in a mattress. Even a high-yield savings account is much better than that, and it can double your principal in about fifteen years.
4: Guard thy treasure from loss This one is interesting: you should only invest in things where the principal is safe. In other words, the book seems to discourage stock investing. I found this to be particularly interesting given that it was written in 1927, right in the midst of the first big American stock market boom. Of course, 1929 proved the author right.
5: Make of thy dwelling a profitable investment One should own their own home rather than renting because then money can be invested in the home or invested in other things rather than handed over to the landlord. Something tells me that this lesson applied better before people were looking at homes that were three or four times their annual income.
6: Insure a future income In other words, invest for retirement and your family’s wellbeing after your passing. You should be dropping some Hamiltons right into your retirement account if you can possibly afford it.
7: Increase thy ability to earn Work hard, look for opportunities, and educate yourself. Today, a college education is one of the best investments you can make; I’m not saying that it’s a requirement to be successful, but it opens the door to greater possibilities.

The Five Laws of Gold

1. 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. (Save 10% of your gross earnings.)
2. Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field.
3. Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling.
4. Gold slippeth away from 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. (Educate yourself or rely on those who are educated in the investment you're interested in.)
5. 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.

I believe this book should be required reading for all students across the globe. As it in a straightforward way teaches the value of money and good investments.
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