There once was a man named Bansir. Bansir was a chariot-maker with a nagging wife, and no matter how hard he worked, their money bag never seemed to grow. He was frustrated with his lot—and his wife was frustrated with him—so he did what any wise man would do… he called his friend Arkad, the richest man in Babylon.
In the 1920’s, George S. Clason distributed a series of parables on financial planning to the largest banks and insurance companies of the day. His teachings weren’t groundbreaking or profound, but they were charming and simple, and they sold by the thousands. The Richest Man in Babylon was the most popular of those parables, and it has gone on to sell over two million copies.
Clason believed our prosperity as a nation depended on the financial prosperity of individuals. In the story of Basir, learning at the feet of the wealthy Arkad, Clason was able to convey timeless truths about finance and frugality. For example, according to Clason—oh, I’m sorry, according to Arkad:
“If you have not acquired more than a bare existence in the years since we were youths, it is because you either have failed to learn the laws that govern the building of wealth, or else you do not observe them.
And as for time, all men have it in abundance. You have let slip by sufficient time to have made yourself wealthy.”
In the storyline of The Richest Man in Babylon, the city has fallen on tough economic times, and the king calls upon Arkad—the richest man in town—to teach the people his secrets of financial success. Arkad quite literally ‘holds court’, therefore, teaching financial best practices to the political elite, right in the middle of the king's court.
Among the many lessons learned, Arkad teaches Bansir about saving…“I found the road to wealth when I decided that a part of all I earned was mine to keep. But you, you pay everyone but yourself.”
…and budgeting…“That which each of us calls our ‘necessary expenses’ will always grow equal to our incomes unless we protest to the contrary.”
…and making your labor more valuable…“Cultivate thy own powers, study and become wiser, become more skillful, to so act as to respect thyself.”
The road to wealth is a long one, and the only way to get there is working diligently, walking the road step by step. There are no shortcuts along that journey, and for those who arrive at wealth too soon, they almost always see it flee from them as quickly as it came.
Remember the words from Arkad, known far and wide as The Richest Man in Babylon:
“Wealth that comes quickly goeth the same way. Wealth that stayeth comes gradually, because it is a child born of knowledge and persistent purpose.”
If you think it’s time to patch up that moneybag, pick up this book and take the first step.
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Here's a link to the book: https://www.amazon.com/Richest-Man-Babylon-George-Clason/dp/1640950494/ref=sr_1_1_sspa?crid=10I90FYNHMPQE&dchild=1&keywords=the+richest+man+in+babylon&qid=1601990298&sprefix=the+richest+man%2Caps%2C215&sr=8-1-spons&psc=1&spLa=ZW5jcnlwdGVkUXVhbGlmaWVyPUEyU05HME8yM1VBMUY1JmVuY3J5cHRlZElkPUEwMzgxNjUyMkE4UjY0RzlPU05LSiZlbmNyeXB0ZWRBZElkPUEwMDI1OTg3MVlRVDZTUDI1WFpINyZ3aWRnZXROYW1lPXNwX2F0ZiZhY3Rpb249Y2xpY2tSZWRpcmVjdCZkb05vdExvZ0NsaWNrPXRydWU=