Thursday, July 17, 2014

The Richest Man in Babylon 8

OK - let's move onto the next chapter in George Clayton Johnson's classic.  His advice for wealth building, after "starting they purse to fattening" (i.e. investing money) is: "Guard thy Treasure from Loss."

     If you remember in our last post, we discussed how the investment part of Johnson's instructions is the part where fraudsters can get the best of you.  After all, fraudsters and white collar criminals are always offering "investment schemes" to individuals.  It is in the next chapter, however, where Johnson tells us how to avoid such scams.  His advice begins with the first sentence of this chapter:

"Misfortune loves a shining mark. Gold in a man's purse must be guarded with firmness, else it

be lost. Thus it is wise that we must first secure small amounts and learn to protect them before the

Gods entrust us with larger."
 
     Clayton advises us to learn how to invest small amounts first before risking large investments.
 
 
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----------à>>>>>>>>>>>>>>>gene tausk
 
 

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