This is an exciting day for two main reasons. First, it is our first time trying out the Book Nook. Second, it is our first book to discuss at Janie Out of Debt.
I am excited to begin and share all of this wonderful information with you. Are you ready to get started?
Here we go…
The format will usually go like this:
- Discuss Characters
- Main Ideas
- Quotes From Chapters (that I like)
- Take Home Points
These are the characters introduced in Chapter 1- Bansir, Kobbi, Arkad, and Nomasir.
Bansir- the chariot builder of Babylon
Kobbi- the musician who was Bansir's best friend
Arkad- old friend of Kobbi and Bansir
Nomasir- is the son of Arkad
- Bansir, wished to be a man of means and wanted to be fairly rewarded for the work he was doing.
- A man’s wealth is not in his purse that he carries. It is in the ability to make more money by having multiple streams of income.
- Ask for advice from those who know and understand money. Beware and cautious of the advice you seek and where it is coming from.
- It is up to you to decide if you are seeking sound advice from a trusted source.
- Bansir, felt that Arkad was a good source of information because he was the richest man in Babylon and he was a friend. Therefore, Bansir trusted his advice.
“We do not wish to go on year after year living slavish lives. Working, working! Getting nowhere." page 6
Take Home Points
- If you wish to acquire wealth you need to understand money and seek knowledge from trusted sources.
- Find ways to create multiple sources of income for yourself, so you don’t put all of your eggs in one basket. For instance, if you just have a job then you only have one stream of income. What happens if this job goes away? Then you have zero streams of income. Now, try to brainstorm multiple streams of income that you can create for yourself to spread the risk around.
Stay tuned because next week we will be discussing Chapter 2 of The Richest Man in Babylon.
I know when I was in debt I felt just like Bansir’s character. I just worked and worked and lived pay check to pay check and had no freedom. I was seeking my advice from books and this one is full of great information!
How about you do you feel like Bansir (always working so hard and never getting ahead)?