Early on, we meet a chariot maker called Bansir, who wonders like any man, why so few are rich, and how they get that way. Arkad was the richest man in Babylon, yet Bansir and Arkad grew up together, so what made the wealth gap difference so clear? Both were born poor at first, so it was not inheritance, was it something else? What could that be? Maybe it can be learned? You learn how Bansir and his friend Kobbi, the musician learn these lessons by observation. They find out how these basic wealth steps are explained in a very historic way. It often comes down to fundamentals like save part of your income, live below your means, invest for the future, take advice from experts who are qualified, take calculated risks, and many more tips on wealth.
What comes across is that time is not important to the value of these lessons. The values are clear in ancient Babylon from thousands of years ago, or the very modern Hong Kong, Singapore or Tokyo today. The lessons are timeless, and keep their value. If you like history enough to learn the foundation of wealth, then this is the book for you. It is a pleasant twist that helps review the true core of any wealth foundation. The ultimate question comes down to "how hungry are you?" What are you willing to do more than the average man? Only those strongly motivated over time can survive and accomplish what is really needed to succeed on the path to great wealth.
The Top 3 Takeaways from this book that impact any reader are:
1) This is the story of very special people in Asia with hard wired talent that finds a way to true wealth. The pattern shows how drive, budgeting and perseverance often wins the way to immense wealth.
2) The ability to work with family and friends, needs to be learned in life. Only once you start to save and find a balance of lifestyle and expenses, do you find out all of the new skills you need to succeed long term.
3) This is never about somebody happy to be average. The common pattern shows that there is always a deep driver to push any rich person to a level few others ever reach.There is a clear difference between short term sacrifice and long term benefit.
2) The ability to work with family and friends, needs to be learned in life. Only once you start to save and find a balance of lifestyle and expenses, do you find out all of the new skills you need to succeed long term.
3) This is never about somebody happy to be average. The common pattern shows that there is always a deep driver to push any rich person to a level few others ever reach.There is a clear difference between short term sacrifice and long term benefit.
This classic book reminds any reader today, of what has worked in the past, and will work in the future. The secrets of wealth creation are known, but not always the detailed execution of those same lessons. It is the will power needed especially after failure, or perseverance, that is core to success. Any reader will learn that he or she can be rich anywhere in the modern world. It is not just in the ancient city of Babylon, from times past that rewards those who learn the core lessons. Highly recommended!
Please visit us for our Friday Feature Review where TMJ Partners will review books, movies, conferences and anything else with a financial theme. Follow us now for our free weekly updates, just click here. Thank you for reading and learning more about how money is made in finance!
For more Buy-Side and Sell-Side roles in Asia-Pacific, contact our TMJ Partners Japan & Asia Finance team.
Tokyo Tokyo
No comments:
Post a Comment