Comments on: New favorite book: "The Richest Man in Babylon" https://eliteedgemoney.com/new-favorite-book-richest-man-in/ Money | Minimalism | Mohawks Tue, 21 Jan 2020 15:29:06 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: James https://eliteedgemoney.com/new-favorite-book-richest-man-in/#comment-228832 Tue, 05 Apr 2016 18:40:11 +0000 https://staging.eliteedgemoney.com/2009/03/new-favorite-book-the-richest-man-in-babylon/#comment-228832 I am currently reading the book again and found an exchange I thought fit really well with you philosophy. The main character Arkad is teaching some guys to be rich. He tells them in essence to create a budget to dictate where all their money goes after saving 10%. One guy gets up and argues saying he’s allowed to enjoy the fruits of his labor…:Therefore do I rebel against the slavery of a budget which determines just how much I may spend and for what.” Arkad, being the patient sort asks the guy who would make the budget. Compares it to the burden a mule might carry pointing out that the mule would likely pack grain and water rather than the junk he’s packing on the mule all to illustrate the point that the purpose of the budget..is to assist one in meeting their needs while allowing for a person’s wants within reason.

I bought two copies, one for me and one for my oldest daughter who is about to start working in the next year. I hoping she learns the lessons way sooner than I did. :^)

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