The Richest Man In Babylon

[Behappyalways]

The Five Laws Of Gold

The First Law Of Gold
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.


The Second Law Of Gold
Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field.


The Third Law Of Gold
Gold clingeth to the protection of the cautious owner who invests it under the advise of man wise in its handling.


The Fourth Law Of Gold
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.


The Fifth Law Of Gold
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.

From the book The Richest Man In Babylon - George S. Clason

http://investideas.net/forum/viewtopic.p...&start=110

[specuvestor]

Pretty good readable book with simple lessons that I've been sharing with layman.. .especially the part about paying your wife

[Behappyalways]

So many share 'investors' fall under this cat.....

romantic desires.....although common sense tells one to be careful but one choose to believe otherwise......

The Fourth Law Of Gold
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.


The Fifth Law Of Gold
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.

From the book The Richest Man In Babylon - George S. Clason

http://investideas.net/forum/viewtopic.p...&start=110

[kelvesy]

I read about few weeks ago, chanced upon this book in Tampines library.

A very simple book which is easily readable within 3 hours. But most of it are just narratives in order to draw out the essential lessons. You can skip those and focus your reading onto the important parts of the book.

1) Spend less
2) Pay yourself first - save more
3) Invest
4) Protect your capital
5) Earn more