George S. Glason’s classic The Richest Man In Babylon is one of the greatest works on the subject of thrift, financial planning and personal wealth. It’s acclaimed as a modern day classic. This book holds the secrets to acquiring money, keeping money and making money to earn more money.

Richest Man In Babylon PDF – Seven Cures To A Lean Purse

The first “cure” to a lean purse mentioned in TRMIB (The Richest Man In Babylon) is to “start thy purse to fattening“. This is the principle of living below your means. “For every 10 coins thou placest within thy purse take out for use but nine. Thy purse will start to fatten at once and its increasing weight will feel good in thy hand and bring satisfaction to thy soul”.

The simplicity in this small truth is its power. Despite a small coin being less than needed to satisfy your desires for a rich life, this little principle becomes more powerful with time. The small “coin” is a token. Live beneath your means and you will slowly build up your savings – “Start thy purse to fattening”.

Richest Man In Babylon PDF: The Second Cure – Control Your Expenditures

“That which each of us calls our ‘necessary expenses’ will always grow to equal our incomes unless we protest to the contrary” …”Confuse not the necessary expenses with thy desires” – George S. Clason, The Richest Man In Babylon

Here is another great principle of building wealth – controlling your desires. As our incomes grow, we naturally buy a nicer car, move to a nicer neighbour and so on. But if we control our desire to do this, we avoid increasing our expenditures as our income grows.

Richest Man In Babylon PDF: The Third Cure (To A Lean Purse) – ‘Make Thy Gold Multiply’

The third “cure” mentioned in TRMIB is to “make thy gold multiply“. Once you have mastered the first two cures: to live below your means and to control your spending, your money will start to grow. This next step requires putting your money to work; making money from money. “To put each coin to labouring that it may reproduce its kind even as the flocks of the field and help bring to thee income, a stream of wealth that shall flow constantly into thy purse”.

This is the principle of investing. With compound interest your investment can grow and you can use money to make money. Property investment, shares and stocks, for example, are a few things you can use to grow your money.

The Forth Cure – Guard Thy Treasures From Loss

“The penalty of risk is probable loss…. Is it wise to be intrigued by larger earnings when thy principle may be lost?”

So the first cure for a lean purse is to guard thy principle:

“Guard thy treasure from loss by investing only where thy principle is safe, where it may be reclaimed if desirable, and where thou will not fail to collect a fair rental. Consult with wise men. Secure the advice of those experienced in the profitable handling of gold. Let their wisdom protect thy treasure from unsafe investments”.

The Fifth Cure – Make Of Thy Dwelling A Profitable Investment

The fifth cure for a lean purse is to “own thy own home”. “Thou canst pay the money lender with the same regularity as thou didst pay the landlord. Because each payment will reduce thy indebtedness to the money lender, a few years will satisfy his loan”.

“Then will thy heart be glad because thou wilt own in thy own right a valuable property and thy only cost will be the king’s taxes.” – TRMIB

The Sixth Cure – Insure A Future Income

The sixth cure for a lean purse is: “Provide in advance for the needs of thy growing age and the protection of thy family.”

“The life of every man proceedeth from his childhood to his old age. This is the path of life and no man may deviate from it unless the Gods call him prematurely to the world beyond. Therefore do I say that it behooves a man to make preparation for a suitable income in the days to come, when he is no longer young.”

The Seventh Cure – Increase Thy Ability To Earn

“Always do the affairs of man change and improve because keen-minded men seek greater skill that they may better serve those upon whose patronage they depend. Therefore I urge all men to be in the front rank of progress and not to stand still, lest they be left behind.”

“The seventh and last remedy for a lean purse is to cultivate thy own powers, to study and become wiser, to become more skilful, to so act as to respect thyself. ” – George S. Clason – The Richest Man In Babylon

You can download the full pdf version of this book here.

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