The Five Laws of Gold
1.Gold comes gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family.
2.Gold labours diligently and contentedly for the wise owner who finds profitable employment for it, multiplying as the flocks of the field.
3.Gold clings to the protection of the cautious owner who invests it under the advice of men wise in its handling.
4.Gold slips away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep.
5.Gold flees the man who would force it to impossible earnings or who follows the alluring advice of tricksters and schemes or who trusts it to his own inexperience and romantic desire in investment.
After reading this book, it reminded me of Rich Dad, Robert Kiyosaki, I have read most of the Rich Dad book series and realised he followed and mastered the laws of handling wealth. In one of the books from his Rich Dad, he recommended us to read “The Richest Man in Babylon” and asked us to Pay Yourself First!
Robert Kiyosaki also followed Arkad's Seven Remedies for a Lean Purse. When he was broke, he still paid himself first and used his savings invested in property and own businesses. He also advised us to control our expenses and advised us not to buy DooDads. He also advised us that savers are the losers and we must turn our earned income into passive or portfolio income, let your gold multiply.
In his book Rich Dad's Increase Your Financial IQ he wrote we should focus on making more money and on increasing our financial IQ to increase our earning abilities and ensure future passive income; he also wrote about how we can protect our money.
Robert Kiyosaki knows about the Five Laws of Gold as he advised us that we must take advice from wise and competent experts rather than listening to hot tips and free advice from family, friends and relatives. He uses competent stock brokers who make him rich, but not poor. I still remember his “Bentley Account”, how he bought his Bentley car without reducing a single cent from his bank account.
Robert Kiyosaki also advised us to invest to win, not lose or break even or be obsessed with get rich quick schemes. Like Arkad, the Richest Man in Babylon, Rich Dad, Robert Kiyosaki is a great example of someone who has mastered the law of wealth and the golden rules of becoming rich!
I really enjoyed reading this book, and I rated it five stars at Amazon. I'm personally following the recommendations made by The Richest Man in Babylon - pay myself first and invest my savings so that my money works hard for me and I always keep in mind the Five Laws of Gold.
After reading the Rich Dad's Series, I have decided to make Rich Dad, Robert Kiyosaki my mentor, (a wise man who is competent in his field for helping you to become rich) because his books have changed my mindset and have been a tremendous influence in my life.
I strongly recommend you to read The Richest Man in Babylon the book that can change your life and you will find out the laws of wealth and gold to find a richer and more fulfilling life.