Unpolished Silver Spoon is about changing/improving one’s mindset in order to be the best you. Much of those traits that are needed to succeed already lies within us. We are just needing to let them shine through. A great way polish and shine is by learning from others. Reaching beyond our immediate surroundings and discovering the “more” that is out there. Reading can be that avenue to get you there. So, I would like to share some books that I’ve read and have truly enjoyed. Each month I will discuss a new book. I hope that you will take the moment to invest in yourself by reading these suggested readings. Feel free to message author if you wish to discuss what you are reading. If you have already read the suggested reading, please feel free to comment your thoughts below.
September’s book dates from the 1920s. Yes! We are taking it way back.
The Richest Man in Babylon by George S. Clason is a book about obtaining wealth. One thing that we all have in common for our journey to success is financial freedom. So, I feel that this is a great reading to get us started.
In this book of parables, the richest man in Babylon, Arkad, teaches others how they can have gold just as he has been able to obtain it. He teaches the “seven cures for a lean purse.”
1. Start thy purse to fattening
Arkad teaches to save 10 percent of your earnings. Just as we pay tithes (at least we should), we should also pay ourselves.
A standing ovation to Final Authority Christian Church biblically led by Pastor Jeffrey James who encourages this same principle.
2. Control thy expenditure
This second cure teaches how we must not live above our means. We must truthfully identify our needs from that of our desires. Even though it is essential to take care of our needs, that doesn’t mean we aren’t able to enjoy our desires. We must ensure all those things doesn’t exceed the 90% of our earnings we have to spend. So, if one must sacrifice, it should be the desires. But as your purse fatten, satisfying your desires will automatically increase.
3. Make thy gold multiply
This cure basically talks about letting your money make money. I love this cure because it goes beyond just saving. This is the answer to financial freedom. If I had to labor for every dollar that I wish to have, I would be broke for the rest of my days!
4. Guard thy treasure from loss
This cure simply teaches to be wise in your investments. Foolish investments are those without knowledge and understanding of risks in order to ensure return on investment.
5. Make of thy dwelling a profitable investment
We look at this cure as part of the ‘American Dream’ today. Owning your home home.
6. Insure a future income
We must plan for our future. This protects us and our family in our older age.
7. Increase thy ability to earn
In order to continue to fatten your purse, you must continue to grow. Sharpen your knowledge and skills.
This is a very brief look into The Richest Man in Babylon. I didn’t want to spoil it for those that invest in themselves and take the time to read this great book. Although much of these cures seems basic, many of us don’t follow. So, a reminder for those that know and a new insight for those that don’t.
This book can be purchased for under $6. You can even hear a FREE audio of the entire book here.
A Few Quotes That I Like from The Richest Man in Babylon:
“Wealth grows wherever men exert energy.”
“Wealth that comes quickly goeth the same way. Wealth that stayeth to give enjoyment and satisfaction to its owner comes gradually, because it is a child born of knowledge and persistent purpose.”
“Men of action is favored by the goddess of good luck.”
“Better a little caution than a great regret.”
“Preceding accomplishment must be desire. Thy desires must be strong and definite. General desires are but weak longings. For a man wish to be rich is of little purpose. For a man to desire five pieces of gold is a tangible desire which he can press to fulfillment.”
P.S. Be sure to read the parable of the donkey and ox. Hilarious!
Enjoy the read and let me know your thoughts!
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