King wanted to understand luck and if there was any way to attract it.Įach subject in the meeting mentioned instances where some had luck and some misfortune. This story starts with King of Babylon along with his advisors one fine evening discussing luck. This will increase the wealth of the individual. Provide in advance for the needs of the growing age and the protection of the family.Increasing your earning ability cultivate the power by studying and becoming wiser, to become more skillful. A person should plan certain investments or provisions that may endure safely for many years. Not being misleading to make huge wealth rapidly.Įnsuring a future income. Learning to guard small amounts of money before handling large amounts of money. This starts producing a stream of income contributing to one’s wealth. The next step is investing the money so that it starts multiplying itself. Limit your expenses to 90% of your earning. So have a budget for expenses for and clear understanding of necessary expenses. To have a clear understanding between necessary expenses with desire, if one does not have a clear budgeting system in place will eventually have empty pockets by the end of the month. Arkad starts his story mentioning that he had started with a humble beginning.įor every money you receive, keep one-tenth of the money and eventually, it will increase money in saving which will help you feel good. Facing this problem the King called up Arkad once again to solve this problem.Īrkad along with King decided to share the financial learning with the people in the kingdom that he had learned all along with his life. Once King of Babylon was facing the problem of poverty and the decline of trade in the kingdom. This chapter describes to the reader the ways to increase saving. A small return with assured safe investment is always better. Staying away from the investment opportunity that promises exorbitant returns as those are huge risks and way to lose the money.Eg investing tips on finance should be taken from a finance expert and not a gambler. Advice is one thing that everyone gives for free, but advice should be taken from individuals from expertise in their respective fields only.The saved money should be put at work where it starts multiplying itself and further generating more wealth.Every person when receiving the salary should at least save 10% of the income before paying off the bills or making any purchases.Arkad being childhood friend agrees to share his secret with them. Bansir soon realized that the rich person was their school Arkad and was also the richest man in Babylon.īansir and Kobi then decide to take the guidance and understand the secret behind the wealth. Kobi witnesses a rich person in a golden chariot and clothes made of fine silk wonder about his secret for his wealth. They start to wonder the reason behind it but fail to realize. Both friends dreamt about having lots of gold coins to make their purses fat but till today failed to do it. This chapter starts off with a story about two friends, Bansir and Kobi, discussing how they dreamt about having lots of wealth. The principles mentioned in the tablet made Babylon a rich city along with the people living in it. This covers topics about luck in a person’s life to things to consider when lending principles. It is said the most of the famous principles of investing and finance are derived from this tablet.Īny person who wants to learn personal finance principles in short stories should read this book. This tablet consists of timeless principles on finance and considered a cure to the lean purse problem. This book is created from the ancient tablet found in the rich city of Babylon.
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