The book “The Richest Man In Babylon” is a compilation of parables set in the city of Babylon. Each story tells a tale involving money, where people had different beliefs, values and attitude towards it. Within each story lies a financial lesson, helping people understand better by letting them have the experience, not the fact.
There was once a story where a father sent his son on a journey, leaving to him two things only. The first was a big bag of gold, and the second was a large stone tablet encased in cloth. During the beginning of his journey, the son handled his money poorly, only to lose it all to other people who were wiser than he.
It was only then that he decided to open the bag where the stone tablets were. That was where he discovered the Five Laws of Gold.
The Five Laws Of Gold
1. Gold cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family.
2. Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field.
3. Gold clingeth to the protection of the cautious owner who invests it under the advice of wise men in its handling.
4. Gold slippeth away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keeping.
5. Gold flees the man who would force it to impossible earnings or who followeth the advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.
These rules are nothing short of practical, yet they are overlooked by many. Usually it is experience that teaches the rules as people go along in life. But these Five Laws of Gold make it clear what it takes to become rich. The son then read and understood, slowly regaining the wealth he had lost. He returned victorious to his father, making it known to all that he was now a man.
These laws go beyond the pages of a book, and the author has made it clear that these rules apply well in our lives. Perhaps if we all followed them, we would all be on our way to riches like Babylon gold.