![]() ![]() He sought advice from Algamish, a wealthy local, who told him to always save 10% of his income, and to make these savings multiply through investments. He explains that he was once a poor scribe who struggled to save his income. The second parable, “The Richest Man in Babylon,” Arkad greets his friends warmly and shares his knowledge with them. Arkad is renowned for his wealth in spite of his humble origins. They decide to go to their old friend Arkad for advice. In the first parable, “The Man Who Desired Gold,” two friends named Bansir and Kobbi work tirelessly but are not financially secure. He claims that this Mesopotamian city was the first in the world to use money as well as private property and promissory notes or loans, making it significant from a financial point of view. In Chapter 1, “An Historical Sketch of Babylon,” Clason explains that Babylon is noteworthy for its contributions to engineering, math, astronomy, written language, agriculture, and finance. He promises to share these with the reader through parables that provide easy, actionable tips for increasing personal wealth. Ever since the Babylonians invented currency, there have been timeless laws of finance that remain relevant today. In Clason’s foreword, he introduces Babylon as the most prosperous ancient city in the world and claims that Babylonians were particularly gifted at managing finances. ![]()
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