CHAPTER They then decide to go speak to

CHAPTER ONE – AN HISTORICAL SKETCH OF BABYLON History’s most luxurious and city of splendor is Babylon. Babylon is a city where examples of man-made luxor are everywhere. The city of Babylon only had two natural resources, fertile soil and water. The people of the city made one of the most revolutionary inventions in history – they invented irrigation. Using the Euphrates River, they dug canals into the drier and more arid parts of their land, thus creating irrigation. Grand palaces and walls were made, the walls surrounding the city nearly wide enough for someone to ride their chariot on. Although the city does not exist anymore, the ruins and knowledge of the city have been left behind for generations to come. I learned from this chapter that Babylon was a very rich city that left behind invaluable financial advice. CHAPTER TWO – THE MAN WHO DESIRED GOLD The chariot builder of Babylon was looking at his nearly-finished creation, feeling discouraged. His best friend Kobbi arrives, and begins talking about wealth. Bansir, the chariot builder, complains of the little amount of money in his purse, and talks about a dream he had where his life was all the better because he had more money. They then decide to go speak to their very wealthy friend. They do this in hopes of gaining some knowledge on how he gained his splendor, and how they could acquire it for themselves. I learned from this chapter that sometimes, even when you have everything you need, you still desire more and can act upon that desire of wanting more than what you already have.CHAPTER THREE – THE RICHEST MAN IN BABYLON Arkad, far and wide known for his wealth, was very generous with his costs, but he always gained more than he spent. His friends came to him one day and talked about his wealth while they were living mediocre lives, despite having done everything similar in their youth. Arkad told the friends that they let valuable time slip away. He talks about how his boss told him one secret to success was that a part of everything he earns was his to keep. I learned from this chapter that 10% of your earnings should be set aside for yourself.CHAPTER FOUR – SEVEN CURES TO A LEAN PURSEBabylon was glorious, but it wasn’t always this way. When King Sargon of Babylon returned, he was faced with the fact that most of his people were poor, and riches only lay in the hands of a few. Arkad, the true richest man of Babylon, was assigned to teach the people of Babylon how to gain wealth. Arkad told of how he was a youth who desired gold a long time ago, and how he would help them to get wealth.THE FIRST CURE – START THY PURSE TO FATTENING Arkad and his class agreed that they should begin to use the job they already have to build a fortune. From this chapter, I learned that every time you earn something, a portion of it should be put away for yourself. For example, if you earn ten dollars, one dollar should be put away. Then, I learned, after a while your riches will begin to grow.THE SECOND CURE – CONTROL THY EXPENDITURES Arkad addresses the question, “How can a man keep one tenth of all he earns in his purse when all the coins he earns are not enough for his necessary expenses?” He points out that everyone’s needs, desires, families, and incomes are different. He told his students to write down everything they wanted to spend on. His class was then told to cross out every unnecessary thing on the list. I learned from this chapter to budget my necessities and desires that I am able to fulfill with the portion of my income put away.THE THIRD CURE – MAKE THY GOLD MULTIPLYArkad tells the story of his first beneficial investment, with a man named Aggar. Aggar would take out loans from Arkad, and pay him back along with a little bit of extra money, increasing Arkad’s gold. He also tells the story of a farmer who gave money to a money lender. The farmer gave ten pieces of silver at first, and it multiplied almost seventeen times. From this chapter, I learned that you should invest your savings so that, in time, your savings increase and become larger.THE FOURTH CURE – GUARD THY TREASURES FROM LOSSArkad tells his class that all money should be fiercely protected.  He tells that people should see if the people that they are loaning money to, or investing in, would be able to give back the money. He also says that his first investment was a tragedy, and was unwisely spent. I learned from this chapter to research on who or what I’m investing in, to make sure that the person or company can pay me back if I want my money back, and talk to experienced financial advisors to help me make decisions about investing.THE FIFTH CURE – MAKE OF THY DWELLING A PROFITABLE INVESTMENT Arkad explains that most of Babylon lives in unfit housing. He recommends that every man owns their own home. He also says that the money spent on giving to landlords when you live in an apartment could be spent on other desires and pleasures, and living in your own home reduces the cost of living. I learned from this chapter to own my home so that I will have more money to use outside of living costs.THE SIXTH CURE – INSURE A FUTURE INCOME When gaining wealth, according to Arkad, people should think about how they’re going to live in their old age, and how much money they will have. He then tells the story of a sandal maker, who stowed two pieces of silver away every week for his retirement. The sandal maker, after eight years of putting in two pieces of silver every week, along with interest money, there was one thousand and forty pieces of silver there. I learned that a small payment to retirement savings should be made regularly. As long as the payments stay consistent, this money will help protect me and my family as I age.THE SEVENTH CURE – INCREASE THY ABILITY TO EARN The final cure that Arkad speaks of, he calls one of the most important, even though it has nothing to do with money. He tells the story of a boy who was determined to get a raise from his job, and went to his boss very frequently to ask. This story was meant to teach the fact that determination is needed to achieve things. Arkad also teaches to set reasonable goals that aren’t plentiful, confusing, or unattainable. I learned from this chapter not to desire vague things, such as “I want to be rich” or “I want to have lots of finery,” and instead set goals for myself that are attainable.MEET THE GODDESS OF GOOD LUCK