When I was growing up and even in my early 20’s I thought that becoming was a complicated and mysterious process.  I also believed that being a high individual meant that you needed to “look” by spending large sums of on material items.   Nothing could be further from the truth…

Wealth is not about spending and it is not about showing off the riches you have acquired.  The of wealth or I should say, the rules of , have not changed in thousands of years.  Most importantly, these rules are simple; very simple.

In fact, these rules of wealth are so simple that they can be found in a small, paperback book that is only 144 pages and is available in any book store, or on the web for as little as $3 (used; I prefer used books have more character).   The book is called, “The Richest Man in Babylon” and it is my all time favorite book.

Why is this simple little book my favorite book?

Because this book made me realize that wealth is attainable.  It helped me understand that the power to succeed has little to do with your history, or where you came from or what kind of car you drive.  Attaining wealth or any goal only has to do with a few important things:  The ability to visualize what you want, believe in yourself and to be 100% committed to obtaining your goal.  In short, “know what you want and get it”.  Like I said; very, very simple.

The other reason that I adore this book is because it identifies very clear rules of wealth building known as the “Seven Cures for a Lean Purse”.   As you can tell from the language used in the book (, cures, purse, etc…), it is based on old, very old, writings that date back to days.  Every time I read these seven cures I am reminded that becoming wealthy is totally within reach and that although technology has changed the world dramatically, the basic rules of wealth building (and life) have remained the same for thousands of years.

Seven Cures for a Lean Purse:

  1. “Start thy purse to fattening”:  In ancient Babylon the richest men and money lenders advised those seeking wealth to save at least 10% of all they earn.
  2. “Control the expenditures”:  “That what each of us calls our ‘necessary expenses’ will always grow to equal our incomes unless we protest to the contrary” (I love that quote, love it!)
  3. “Make thy gold multiple”:  Put your savings to work, earn interest and dividends and passive income.
  4. “Guard thy treasures from loss”: security of principal and do not fall prey to the desire to grow wealth rapidly.
  5. “Make of thy dwelling a profitable investment”:  Buy a home you can afford and take pride in it.
  6. “Insure a future income”: Build a nest egg for days when you are old and grey.  Also discusses ideas and themes similar to life insurance, which of course did not exist in the ancient world.  Back then your savings and your land acted like life insurance for family left behind.
  7. “Increase thy ability to earn”:  When you want to earn more, learn more.  Invest in yourself and educate yourself in practical skills that will help you in business and investing.

In this modern world I tend to struggle with information overload; e-mails, TV, web sites, apps, news, etc…   I often take great comfort in the seven cures described above.  When I am frozen (due to overload), I think of the simplicity of the seven cures and the fact that the same exact sun shined upon ancient writers of this book as does shine upon me today.   I know that if I am following these rules, living within my means and enjoying my time on this planet, then all is well.

And no one can tell me different…

The Richest Man in Babylon

Related External Links

Related posts:

  1. Build Wealth, Live Happy and Keep Your Head on Straight
  2. NWP Model Investment Portfolio Update #6, Invest Like The Wealthy

  10 Responses to “How to be Wealthy, Ancient Rules of Wealth”

  1. I am going to show you TLS (Transport Layer Security) and will finally show you
    how to set up a secure transfer server in SSH if FTP does not cut it.
    The goal of the Minecraft Forum is to allow Minecraft players to communicate with each other.
    Thus, the world of Minecraft is infinite when
    it comes to its gaming or practical purposes.

  2. I haven’t read this yet. Going to amazon to look for it now.

    • It really is a great read! It’s my favorite because it reads like a bedtime story, except that I am so excited every time I read it because it makes wealth seem so simple.

      • After we stopped and talked with a fire marshall from the Falling Springs fire department
        we were able to find these waterfalls with his directions.
        This will help to maintain control over the truck as grade increases.
        If you prefer to live in a more rural setting, there are so many surrounding communities to choose from.

  3. Sounds like a great read. Great point of continued learning…. that’s what sets people apart. It’s always good to keep things simple ;)

  4. Stay focused on your goals and these other things will not distract you.

    • Yes, focusing on your life and financial goals while filtering out the noise is the hard part. But once you learn how to do that things just seem to fall into place, provided you have a plan and still to it.

      • It just boils down to what type of muscle mass you’re looking for, for those that are looking for tone and definition, they’ll have one
        type of exercise and diet regime. How much do you know about insanity workout review now.
        insanity workout on sale for cheap you will like it.

 Leave a Reply

(required)

(required)

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

   
© 2011 NetWorthProtect.com
Follow NetWorthProtect on Twitter
Suffusion theme by Sayontan Sinha
Loading...
Sign up for FREE updates now
No-Spam Guarantee