Monday, September 14, 2009

Chapter 3- Seven Cures for a Lean Purse

Today, we are discussing Chapter 3 from The Richest Man in Babylon by George S. Clason.




Chapter 3- Seven Cures for a Lean Purse

Characters:



Sargon- the good King returns to Babylon after defeating the Elamites he was confronted by a dire situation
Aggar- a shield maker was Arkad's first profitable investment
Ansan- the sandal-maker

Main Ideas:

"I shall teach you in simple ways how to fatten your purses." page 26

The first cure- Start thy purse to fattening
The second cure- Control thy expenditures
The third cure- Make thy gold multiply
The fourth cure- Guard thy treasures from loss
The fifth cure- Make of thy dwelling a profitable investment
The sixth cure- Insure a future income
The seventh cure- Increase thy ability to earn

Quotes:

"That what each of us calls our 'necessary expenses' will always grow to equal our incomes unless we protest to the contrary." page 29

"All men are burdened with more desires than they can gratify. Because of my wealth thinkest thou I may gratify every desire? "Tis a false idea. There are limits to my time. There are limits to my strength. There are limits to the distance I may travel. There are limits to what I may eat. There are limits to the zest with which I may enjoy." page 29

"Study thoughtfully thy accustomed habits of living. Herein may be most often found certain accepted expenses that may wisely be reduced or eliminated. Let thy motto be one hundred per cent of appreciated value demanded for each coin spent." page 29

Take Home Points:


  • Study and become wiser
  • Become more skillful
  • Respect thyself
  • Don't feel limited because there is more money to be made and an abundance for all

I hope you are feeling inspired and excited about this book. It is so wonderful.

Best wishes,

Janie

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