Seven Cures For A Lean Purse

Seven Cures For A Lean Purse

Akabogu Dorathy

George .S. Clason has over the years become famous with “Babylonian parables” through the distribution of secret success of the ancients. He narrated the wealth of Babylon as the wealthiest city of the ancient world. In his book “The Richest Man in Babylon”, George explained very simple ways on how to fatten purses.

Step one: Start thy purse to fattening;
If any man desire to build himself a fortune is wise to start utilizing that source of wealth which he already has established.

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Step two: Control thy expenditures;
Study thoughtfully your accustomed habits of living, you might find certain accepted expenses that may wisely be reduced or eliminated. Make a budget of necessary expenses, cross out the rest and consider them but part of that great multitude of desires that must go unsatisfied and regret them not.

Step three: Make thy gold multiply;
A man’s wealth is not in the coins he carries in his purse, it’s the income he builds, the golden streams that continually flow into his purse which always keep the purse bulging whether you work or don’t.

Step four: Guard thy treasures from loss;
Gold in a man’s purse must be guarded with firmness, else it will be lost. The first principle of investment is security for the principal. Study carefully before parting with thy treasure, each assurance that it will be safely reclaimed. Before you entrust your wealth in an investment in any field, acquaint yourself with the dangers that might beset it. Consult those experienced in profitable handling of investments, let their wisdom protect your treasure from unsafe investment.

Step fifth: Make of thy dwelling, a profitable investment;
Make an investment out of your own dwelling. Some persons who occupy other people’s houses, plant small gardens around the house or convert some part of their apartments for commercial purposes (if permitted by the landlord) and pay off their rents and soon become house owners.

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Step six: Insure a future income;
It behooves on man to make preparation for a suitable income in the days to come, when he is no longer young, and to make preparation for his family should he be no longer with them to comfort and support them. Certain investments and provisions should be planned that may endure for many years, yet will be available when the time arrives which he has so wisely anticipated.

Step seven: Increase thy ability to earn;
General desires are but weak longings. For a man to 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. After he has backed his desire for five pieces of gold with the strength of purpose to secure it, next, he can find similar ways to obtain ten, twenty pieces and so on like that. This is the process of accumulating wealth; first in small sums, then in larger ones, as a man learns and more capable.

Credit
George .S. Clason