Summary Of The Book The Richest Man In Babylon

Summary of the book The richest man in Babylon

This book writes some stories, taking the richest and wise of Babylon as a point referring to Arkad, but this was not always like that, at the beginning of the story he tells that some friends came to him, led by Bansir and Kobi, who, whoThey confronted it with questions and arguments, such as:

“You have not worked more than us, you did not surrender us in the studies, even in the games, much less you have worked more than us, why luck smiles and we who have the same merits, ignore us?’.

Each of those arguments give rise to the story of this character (Arkad).

Arkad, as I said previously, was not always rich. In the past it was a simple scrib. This among his advice, told him to keep a tenth part of his income and control his expenses to fix his life, with 9 we say of his salary. Following this advice he managed to accumulate money for his money to make more money, although in the first investment he made, he made the mistake of investing his money with someone who did not know about the business. This business was that a barThis type of business, to which Algamish said:

“If you are going to buy precious stones, go see an expert in it. If you want to have advice on how to make bricks, go see a brick, and etc.) ”, With this it makes us reflect when doing our business, if we want to do any, we must look for advice or at least advise ourselves with people who really know about the area to which we will lead our businesses.

Later Mr. Algamish as he saw that the young man was promising in the business area, he turned to him with the aim of associated with him, since his children only thought about spending and yet he did not have that same thought,This knew how to administer and acquired more business experience.

So when Arkad concluded his story with his friends, he referred to them telling them. Part of your expenses that return to you and conserve it in order to accumulate gold.

Already having an overwhelming start like this, the rest of the story is based on the stories of other characters, as well as Arkad’s own son, naming his exploits in business. But before all this, in the second chapter it is about how even the king at that time, he referred to him in search of helping his people to grow, causing him to instruct a group of people selected by him, so thatThis instructs the keys to financial success.

In the 7 ways of filling our bags, these steps instruct us:

1. Start filling your empty bags. (Indicating or calling those they save).
2. Control your expenses. And in this step, the fact that he really resembles a lot with reality and a personal thought that he had for a long time, because of the fact of thinking, how there are people with numerous children andothers without them, different jobs and salary, and still manage to survive?
3. Make your gold fruit. At this point it refers to the fact that we invest our money in projects that bear fruit, profit.
4. Protect your business from any loss. Referring to seeking wise advice, advice, to avoid falling into cheat.
5. Make your property profitable. In this two points to know, not only that we must look for a way to have our own house, but also make it a comfortable and pleasant place for both us and ours.
6. Ensure income for the future. With this it is in a nut, to remain a pillar for this.
7. Increase the ability to acquire goods. Here I can only notice the fact that we must learn every day about the changes that happen in our environment, study them and use them in our favor, in this case, in business.

Then, it is the chapter of the goddess of fortune where it relates to this with opportunities, saying that these should be used, although certain precautions must always be taken into this.

On the other hand, one of the stories that most caught my attention was the story of Arkad’s son, Nomasir. This one that was sent by his father to learn other cultures and learn to function in it, to know if he was prepared to manage his father’s fortune. Nomasir decided to leave Nineveh, since it seemed a promising land. Before leaving this, he did it with a bag full of gold, a tablet with the 5 gold laws written by his father, his slave and the camels in which they were. Unfortunately this both on the way and in Nineveh lost the other that his father had given him so he could start his life. However, after seeing himself in a bad situation, he goes to read the golden rules, written by his father, which they wrote:

1. Gold goes easily, in always more important quantities, the man who reserves no less than a tenth of his profits to create a good in anticipation of his future and that of his family.
2. Gold works diligently and profitably for the wise holder who finds helpful use, even multiplying like herds in the fields.
3. Gold remains under the protection of the prudent holder who invests it according to the advice of wise men.
4. Gold escapes the man who invests without any end in companies that are not familiar or not approved by those who know how to use gold.
5. Gold flees from the man who forces him into impossible profits, who follows the seductive advice of frauds and scammers or who sign of his own inexperience and his romantic investment intentions.

Finally, Nomasir gives his father a gold bag reimbursement of El Oro that his father had given him, however, he gives him two bags of the same weight reimbursement to the tablet that his father had given him, giving to noticethat wisdom is better than gold. Since gold without wisdom ends, however, with wisdom it manages to do more.

Another story that surprised me, is that of Dabasir, that between debts and problems ran out of his city, fleeing is these, until in the end I end up as a slave. But he knew he had no slave heart. So when his mistress granted him permission to escape, he headed towards his city to face his responsibilities, and the way he did was only phenomenal. He received Maton’s advice the lender, who offered him a way to pay his debts and at the same time accumulate goods for his future.

So this book leaves us advice to accumulate wealth and make these bring us more, to be able to settle our debts and above all a point corresponding to the penultimate story (the most fortunate man in Babylon) in which, we motivate us to take loveTo work, not see it as an obstacle or a problem that mustArea which will be a knowledge that you can explode in the future, and not only that, you also never know who will be taking you into account, valuing your effort and that in the end can put that hand that you need so much.