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.

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