Tyler Jorgenson

One Entrepreneur's Journey To Find Greatness


The Richest Man In Babylon – Chapter 2 – The Richest Man In Babylon

Chapter two is the story of Arkad. Arkad was the average young man, born with no inherent physical advantage or silver spoon, who learned the secrets to becoming rich. Bansir and Kobbi from the inquire of Arkad as to his unsurpassed wealth.

“Wealth is a power. With wealth many things are possible… And, when I realized all this, I decided to myself that I would claim my share of the good things of life.” – Arkad

I enjoyed the preceding quote because Arkad did not sound pretentious or arrogant. He talked about how with wealth one could build temples for the Gods and how it takes hard work to become wealthy.

Aha! moment #1

“I found the road to wealth when I decided that a part of all I earned was mine to keep. And so will you” – Algamish (Arkad’s mentor)

This is where the saying that you hear at financial workshops comes from, “Pay yourself first.”
“Wealth, like a tree, grows from a tiny seed.” – Algamish

Algamish was a rich man whom Arkad struck a deal with to be mentored by. Algamish mentored Arkad slowly with one principle at a time.

The three laws of successfully handling wealth:

1. Pay yourself first (save a minimum of 1/10th your income) and live on less than you earn
2. Seek advice from those who were competent through their own experience to give it
3. Make your gold work for you. Invest your savings wisely.

Aha moment #2

“Opportunity is a haughty goddess who wastes no time with those who are unprepared.” – Arkad

“Enjoy life while you are here. Do not overstrain or try to save too much.” – Arkad

Arkad understood the importance of moderation. Living in Southern California there seem to be more people to the extreme of not saving enough than the contrary but Arkad reminds us that ‘Life is good and rich with things worthwhile and things to enjoy.’

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