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The Richest Man in Babylon (George S. Clason) Audio Book
25 Comments
6:31:43
3:03:46
.I would love to see a critique of the myth of the richest man in Babylon… even though a parable, never the less Babylonended it's empire through corrupt kings and even more corrupt priests who helped to keep the kings in power… a modern version of this important lesson is Elon Musk who realised that he could not keep his wealth/power unless he promoted his own king(Trump).. "the richest man in the USA" teaches something that the richest man in Babylon did not even consider POLITICS and factors outside the realm of economics . . . PS: another example is Germany whose economy collapsed, gave rise to Hitler but being rich did not help the minorities (jews etc), except those who did not put all their wealth in only the Babylon(German?) basket !
Disc 2 – 1:13:30
Disc 3 – 2:27:333
Most importantly put all your money in savings then spend only as you need to by diverting such sums when bills need to be paid. This way you maximize savings as you only spend on essentials . If you need anything it will be a considered purchase as it comes from savings not from earnings . Important. Always pay essential bills first. Eg Rent, rates, food , mortgage etc. Again pay down anything with a high interest rate as savings will always earn less interest.
Make sure to use times of plenty as a bulwark against times of scarcity. Remember Egypt in the story of Joseph.
He dismissed his losses as a learning curve. He never learns from his experience.
The dad should have made him earn the gold not give it as in working for it he would value it more.
The son seems to be an idiot. You don’t listen to stupid stories . You make your own fortune. You must learn from your mistakes. The dad seems to have given gold to a fool.
The same is true of the deal to buy land. Ensure at each stage you have proof of what is happening towards this deal.
There is nothing wrong in being cautious. You just need to adjust the deal to make it safe yet allow both sides some of what they need too.
Surely if you have any doubts then negotiate a deal that safeguards both sides. Eg Buy the whole herd but pay only half the money. Get a written agreement to show the price of a sheep then offer to purchase the rest in the morning when the number of sheep could be established. The guy left could affirm the honesty of the count.
3:42
34:39 man said he will buy himself a young ass to ride 😂
1:40:53
❤
Best book ever completely changed my financial life 🙏🏾🙏🏾❤️❤️❤️❤️
Cash is King.
well this book has indeed changed the perspective on money and life as a whole! And indeed its been a redemption for my bag of gold to put the 1/10 of what we earn as ours to keep so far!
4:00
I have found this audio book in the month of September 2023
while in my extremely financial darkness and starvation and all sorts of money problems. Since then I'm so looking forward to restart my life afresh and try all that I can to apply all these principles to fatten my purse
4:51:40
Bookmark: 46:04
2:02:35
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