The Richest Man in Babylon, by George S. Clason
“ Money is plentiful for those who understand the simple rules of its acquisition ”
Seven Cures for a lean purse
4. Guard you treasure from loss
Misfortune loves a shining mark. Gold in a man’s purse must be guarded with firmness, else it be lost. Thurs it is wise that we must first secure small amounts and learn to protect them before the Gods entrust us with larger.
The first sound principle of investment is security for the principal.
Before you loan to any man assure yourself of his ability to repay and his reputation for doing so, that you may not unwittingly be making him a present of your hard-earned treasure.
Before you entrust it as an investment in any field acquaint yourself with the dangers, which may beset it.
Of great importance is to prevent your purse from being emptied once it has become well filled.
“ Guard your treasure from loss by investing only where you principal is safe, where it may be reclaimed if desirable, and where you will not fail to collect a fair rental. Consult with wise men. Secure the advice of those experienced in the profitable handling of gold. Let their wisdom protect your treasure from unsafe investments. ”
One of the way is with a mastermind group.
I would like to thank you for giving us this opportunity to serve you yet again and I look forward to seeing you. So I would like to thank you for giving me this opportunity to serve you.
By allowing us to serve you, you have served us. For that, we are forever grateful. Have a wonderful 2009. I know it is going to be a great year for you because you have Desires.
That makes you 3% of the population on the planet, who have written down goals.
For that I applaud you, for starting 2009 with a different stroke. For that, let’s together make this happen in this great year so that whatever external environment no longer affects us because everything is in the power of our hands. We make the decision and the power makes the provision.
Together anything can happen because you and I, you and God, are a majority.
Sunday, April 19, 2009
Seven Cures for a lean purse --- 3
The Richest Man in Babylon, by George S. Clason
“ Money is plentiful for those who understand the simple rules of its acquisition ”
Seven Cures for a lean purse
3. Make your gold multiply
Behold, as your purse is fattening.
You have discipline yourself by keeping one-tenth of all thousands, you have controlled your expenditures to protect your growing treasure, next we will consider means to put your treasure to labour and increase.
Gold in a purse is gratifying to own and satisfied a misery soul but earns nothing. The gold we may retain from our earnings is but for a start. The earnings it will make, shall build our fortunes.
How therefore may we put our gold to work? My first profitable investment was a loan to a merchant named Aggar, he is honourable and he would repay his borrowing.
Each time I loaned to him I loaned back also the rental he had paid to me. Therefore not only did my capital increase, its earnings likewise increased. Most gratifying was it to have these sums return to my purse.
“ Wealth is not the coins he carries in his purse; it is the income he built, the golden stream that continually flow into his purse and keep it always bulging. ”
“ The geese [many goose] that lay the golden eggs ” “ Multiple Sources of income --- Passive Income ”
That is what every man desire. That is what you, each one of you desire; an income that continue to come whether you work or travel.
Gaining wisdom from experience, I extended my loans and investment as my capital increased. From a few sources at first, to many sources later, flow into my purse a golden stream of wealth available for such wise uses as I should decide.
Behold, from my humble earnings I had begotten a hoard of golden slaves, each labouring and earning more gold. As they laboured for me, so their children also laboured and their children’s children [interest’s interest {compound interest}] until great was the income from their combined efforts.
“ Gold increase rapidly when making reasonable earnings as you will see. Compound interest --- ? ”
I would like to thank you for giving us this opportunity to serve you yet again and I look forward to seeing you. So I would like to thank you for giving me this opportunity to serve you.
By allowing us to serve you, you have served us. For that, we are forever grateful. Have a wonderful 2009. I know it is going to be a great year for you because you have Desires. That makes you 3% of the population on the planet, who have written down goals.
For that I applaud you, for starting 2009 with a different stroke. For that, let’s together make this happen in this great year so that whatever external environment no longer affects us because everything is in the power of our hands. We make the decision and the power makes the provision.
Together anything can happen because you and I, you and God, are a majority.
“ Money is plentiful for those who understand the simple rules of its acquisition ”
Seven Cures for a lean purse
3. Make your gold multiply
Behold, as your purse is fattening.
You have discipline yourself by keeping one-tenth of all thousands, you have controlled your expenditures to protect your growing treasure, next we will consider means to put your treasure to labour and increase.
Gold in a purse is gratifying to own and satisfied a misery soul but earns nothing. The gold we may retain from our earnings is but for a start. The earnings it will make, shall build our fortunes.
How therefore may we put our gold to work? My first profitable investment was a loan to a merchant named Aggar, he is honourable and he would repay his borrowing.
Each time I loaned to him I loaned back also the rental he had paid to me. Therefore not only did my capital increase, its earnings likewise increased. Most gratifying was it to have these sums return to my purse.
“ Wealth is not the coins he carries in his purse; it is the income he built, the golden stream that continually flow into his purse and keep it always bulging. ”
“ The geese [many goose] that lay the golden eggs ” “ Multiple Sources of income --- Passive Income ”
That is what every man desire. That is what you, each one of you desire; an income that continue to come whether you work or travel.
Gaining wisdom from experience, I extended my loans and investment as my capital increased. From a few sources at first, to many sources later, flow into my purse a golden stream of wealth available for such wise uses as I should decide.
Behold, from my humble earnings I had begotten a hoard of golden slaves, each labouring and earning more gold. As they laboured for me, so their children also laboured and their children’s children [interest’s interest {compound interest}] until great was the income from their combined efforts.
“ Gold increase rapidly when making reasonable earnings as you will see. Compound interest --- ? ”
I would like to thank you for giving us this opportunity to serve you yet again and I look forward to seeing you. So I would like to thank you for giving me this opportunity to serve you.
By allowing us to serve you, you have served us. For that, we are forever grateful. Have a wonderful 2009. I know it is going to be a great year for you because you have Desires. That makes you 3% of the population on the planet, who have written down goals.
For that I applaud you, for starting 2009 with a different stroke. For that, let’s together make this happen in this great year so that whatever external environment no longer affects us because everything is in the power of our hands. We make the decision and the power makes the provision.
Together anything can happen because you and I, you and God, are a majority.
Seven Cures for a lean purse --- 2
The Richest Man in Babylon, by George S. Clason
“ Money is plentiful for those who understand the simple rules of its acquisition ”
Seven Cures for a lean purse
2. Control you expenditures
“How can a man keep one-tenth of all he earns in his purse when all the coins he earns are not enough for his necessary expenses?”
All of you do not earn the same, some earn much more than others, and some have much larger families to support; yet all of you are equally lean!
The unusual truth:
That what each of us calls our ‘necessary expenses’ will always grow to equal our income unless we protest to the contrary. Confuse not the necessary expenses with desires! Each of you, together with your good families, have more desires than your earnings can gratify.
All men are burdened with more desires than they can gratify. Because you think you can gratify every desires with your wealth. This is a false idea.
There are limits to my time, there are limits to my strength, there are limits to the distance I may travel, there limits to what I may eat, there are limits to the zest with I may enjoy.
The desires are multitude and those may gratify you are few, therefore, study thoughtfully your accustomed habits of living, you may found certain accepted expenses that may wisely reduced or eliminated.
Let your motto be 100% appreciated value demanded for all of your money spent! Select those that are necessary and others that are possible through the expenditure of nine-tenth of your income.
Cross out the rest and consider them a part of that great multitude of desires that must go unsatisfied and without regret.
Budget your necessary expenses, do not touch the one-tenth for fattening your purse. Let this be the great desire to fulfilled.
The purpose of a budget is to help your purse to fatten, to assist you to have your necessities, and your other desires. It is to enable you to realised your most cherished desires by defending them from you casual wishes.
Like a bright light in a dark cave, your budget shows the leak from your purse and enable you to stop them and control your expenditures for your definite and gratifying purposes.
Summary:
Budget your expenses that you may have coins [money] to pay for your necessities, to pay for your enjoyments and to gratify your worthwhile desires without spending more than nine-tenth of your earnings.
I would like to thank you for giving us this opportunity to serve you yet again and I look forward to seeing you. So I would like to thank you for giving me this opportunity to serve you.
By allowing us to serve you, you have served us. For that, we are forever grateful. Have a wonderful 2009. I know it is going to be a great year for you because you have Desires. That makes you 3% of the population on the planet, who have written down goals.
For that I applaud you, for starting 2009 with a different stroke. For that, let’s together make this happen in this great year so that whatever external environment no longer affects us because everything is in the power of our hands. We make the decision and the power makes the provision.
Together anything can happen because you and I, you and God, are a majority.
“ Money is plentiful for those who understand the simple rules of its acquisition ”
Seven Cures for a lean purse
2. Control you expenditures
“How can a man keep one-tenth of all he earns in his purse when all the coins he earns are not enough for his necessary expenses?”
All of you do not earn the same, some earn much more than others, and some have much larger families to support; yet all of you are equally lean!
The unusual truth:
That what each of us calls our ‘necessary expenses’ will always grow to equal our income unless we protest to the contrary. Confuse not the necessary expenses with desires! Each of you, together with your good families, have more desires than your earnings can gratify.
All men are burdened with more desires than they can gratify. Because you think you can gratify every desires with your wealth. This is a false idea.
There are limits to my time, there are limits to my strength, there are limits to the distance I may travel, there limits to what I may eat, there are limits to the zest with I may enjoy.
The desires are multitude and those may gratify you are few, therefore, study thoughtfully your accustomed habits of living, you may found certain accepted expenses that may wisely reduced or eliminated.
Let your motto be 100% appreciated value demanded for all of your money spent! Select those that are necessary and others that are possible through the expenditure of nine-tenth of your income.
Cross out the rest and consider them a part of that great multitude of desires that must go unsatisfied and without regret.
Budget your necessary expenses, do not touch the one-tenth for fattening your purse. Let this be the great desire to fulfilled.
The purpose of a budget is to help your purse to fatten, to assist you to have your necessities, and your other desires. It is to enable you to realised your most cherished desires by defending them from you casual wishes.
Like a bright light in a dark cave, your budget shows the leak from your purse and enable you to stop them and control your expenditures for your definite and gratifying purposes.
Summary:
Budget your expenses that you may have coins [money] to pay for your necessities, to pay for your enjoyments and to gratify your worthwhile desires without spending more than nine-tenth of your earnings.
I would like to thank you for giving us this opportunity to serve you yet again and I look forward to seeing you. So I would like to thank you for giving me this opportunity to serve you.
By allowing us to serve you, you have served us. For that, we are forever grateful. Have a wonderful 2009. I know it is going to be a great year for you because you have Desires. That makes you 3% of the population on the planet, who have written down goals.
For that I applaud you, for starting 2009 with a different stroke. For that, let’s together make this happen in this great year so that whatever external environment no longer affects us because everything is in the power of our hands. We make the decision and the power makes the provision.
Together anything can happen because you and I, you and God, are a majority.
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