BabylonIn old Babylon there once lived a very rich man named Arkad. He was very famous for his wealth and generosity. Each year his wealth was increasing more rapidly than he was spending and donating. One day some of his certain friends of younger days came to him and said,

 

“You, Arkad, are more fortunate than we. You have become the richest man in all Babylon while we are struggling financially. You can wear expensive garments, you can enjoy the rarest foods, you can travel around the world while we must be content if we can earn enough to pay our monthly bills.”

 

“Yet, once we were equal. We studied under the same master. We played in the same games. And in neither the studies and games did you outshine us. You have not worked harder than us, then why fate should single out you out to enjoy all the good things of life and ignore us who are equally deserving?”

 

Arkad replied, “If you have not accumulated a lot of money in the years since we were youths, it is because you have either fail to learn the laws of money, or you do not observe them. In my youth, I looked about me and my family. I realized that to bring happiness and contentment in my life, I need to become a wealthy person.”

 

“I promised with myself that I would not be one of those who stand afar off, enviously watching others enjoy. I decided that I will work hard and I would claim my share of the good things of life. Being a son of a humble merchant, one of a large family with no hope of an inheritance and not being wiser and smarter than others, I decided that if I was to achieve what I desired, time and study would be required.”

 
Time is Money

“ As for time, all men have it in abundance. You, each of you have let slip a lot of time that could have made you wealthy. As for study, I decided to find out how one might accumulate wealth. I found an employment and labored long hours each day, yet I could not save any money because food, clothes and shelter were absorbing all my earnings.”

 

“And one day Algamish, the money lender came to me and said if I would finish his task in two days, he would pay me two coppers. So I worked hard to get two coppers but I could not finish the task in time. When Algamish returned, he was very angry.”

 

“But I was unafraid, so I said to him, ‘Algamish, you are a very rich man. I will work this whole night and would finish this task if you would tell me how I may also become rich.’ He accepted to give me the secret of wealth only if I would finish the task before the sun rises.”

 

“I worked hard the whole night and next morning when Algamish returned, the task was complete. He became happy with my work. Then he said ‘Now I will tell you the things you wish to know because I am becoming old and when youth comes to old for advice he receives the wisdom of years. But too often, youth thinks that old knows only the wisdom of days that are gone. But remember this the sun that shines today is the same sun that shone when your father was born. If you will not follow the secret that I am going to tell you, you will not become wealthy.”

 

“Then he looked at me and said in a low, forceful tone, ‘A part of all you earn is your to keep.’

 

“ ‘Is that all? But all I earn is mine to keep, is it not?’ I asked”

 

“ ‘Far from it,’ he replied,  ‘Do you not pay the garment maker? Do you not pay for the things you eat? Do you not pay for the shelter? Can you live in Babylon without spending? You pay to everyone but do not pay to yourself. If you continue working for others, you will always be like a slave. Now tell me If you keep one-tenth of all you earn, how much would you have in ten years?”

 

“ ‘As much as I earn in one year’ I replied”

 

wealth tree“ It is the half truth. Every gold that you save is a slave to work for you. Every copper it earns is its child that can also work to earn more for you. If you want to become wealthy then what you save must earn, and its children must earn. Wealth like a tree, grows from a tiny seed. The first copper you save is the seed from which your tree of wealth shall grow. The sooner you plant the seed, the sooner shall the tree grow.  Let me repeat, A part of all you earn is your to keep. It should not be less than a tenth no matter how little you earn. Pay yourself first’ Algamish said”

 

“ Then he took his tablet and went away.”

 

Arkad followed his advice and became the richest man in Babylon. This story is taken from the best book written on personal finance, “The Richest man inBabylon.” I highly recommend you to buy and read this book because it is full of short stories that will inspire you to become wealthy. It is a short book and it is easy to read.

 

For More Information, Buy This Book from Amazon

 

 
Image Credit digitalart, luigi diamanti, digitalart
 

Lakhvir

Lakhvir is a personal finance expert. Once he was deeply in debt, he read everything he could about personal finance to get out of debt and to invest his money wisely. He likes to read books and share with others what he learns from these best-selling books.

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