In an Over-Communicated, Intrusive World, Simple is Better
Ed

Clason’s “The Richest Man in Babylon” Part 2 – The 7 Cures for a Lean Wallet and The 5 Laws of Money

Copyright © 2007 Ed Bagley

Part 1 of this 2 Part series ends the synopsis of George Clason’s book “The Richest Man in Babylon,” but Clason raises an important question: Why should
so few men be able to acquire so much gold?

The answer is because they know how.

One may not condemn a man for succeeding because he knows how. Neither may one with justice take away from a man what he has fairly earned, to give to men of less ability.

And so it was that the good king of Babylon sought out the richest man in Babylon to teach to others in his kingdom the secrets of his success.

This is a synopsis of what the richest man taught to the people
of Babylon:

The Seven Cures for a Lean Wallet

1) Start your wallet to fattening. Save one-tenth of all you earn. Remember that a part
of all I earn is mine to keep. Do this faithfully. Do not let the simplicity of this escape you.

When I ceased to pay out more than nine-tenths of my earnings,
I got along just as well.
I was not shorter than before, and, money came to me more easily than before.

2) Control your expenses. How is it that all do not earn the same yet all have lean wallets? Here is the truth: That which each of us calls our “necessary expenses” will always grow to equal our incomes unless we protest to
the contrary.

Confuse not necessary expenses with desires. We all have more desires than our earnings can gratify. Examine which of the accepted expenses of living can be reduced or eliminated. Let your motto be 100% of appreciated value demanded for every dollar spent.

Budget your expenses so that your actual necessities are met without spending more than nine-tenths of your earnings.

3) Make your money multiply. Protect your growing treasure by putting it to labor and increasing. Money in your wallet earns nothing. Money that we earn from our money is but a start; it is the earnings generating earnings that builds fortunes.

When the richest man in Babylon loaned money to the shield maker to buy bronze, he said this: “Each time I loaned money to the shield maker, I loaned back also the rental he had paid me. Therefore not only did my capital increase, but its earnings likewise increased.”

4) Guard your money from loss. Everyone has an idea of how to make quick money; few, however, have the evidence of making money to justify their idea, scheme or offer of quick riches. The first sound principle of investment is security for your principal.

Before you loan your money to any man assure yourself of his ability to repay your loan, and of his reputation to do so. Make no one a present of your hard-earned treasure.

Consult the wisdom of those experienced in handling money for profit. Such advice is often freely given for
the asking, and may possess more value than the amount you
are about to invest.

5) Make your home a profitable investment. When you can set aside only nine-tenths of what you earn to live, and can use a part of that nine-tenths to improve the investment in your housing, do it; owning your own home is also an investment that grows with your wealth.

Your family deserves a home they can enjoy and call their own. It builds a sense of stability and well-being.

6) Ensure a future income. Build income-producing assets that do not require you to work forever. We will all grow old and die.

You should prepare a suitable income for the days to come when you are no longer younger and cannot work as hard, and to make preparations for your family should you no longer be with them to comfort and support them. Provide in advance for the needs of your growing age, and the protection of your family.

7) Increase your
ability to earn.
Desire precedes accomplishment, and the desire must be strong and definite. When you have backed your desire for saving $1,000 with the strength and purpose to secure it, you can then save $2,000.

Desires must be simple and definite. Desires defeat their own purpose when they are too many, too confusing, or too difficult to accomplish. Cultivate your own powers to study and become wiser, more skillful, and more productive.

Here is more sage advice from Clason’s masterpiece on financial matters:

The 5 Laws of Money

If you had to choose, would you choose tons of money or wisdom? Most men would take the money, ignore the wisdom, and waste the money. Here is the wisdom:

1) Money comes gladly and in increasing quantities to any man who will put aside not less than one-tenth of his earnings to create an estate for his future and the future of his family.

2) Money labors diligently and contently for the wise owner who finds for it profitable employment, multiplying unto itself in infinity if kept working diligently. Money multiplies itself in surprising fashion.

3) Money clings to
the protection of the cautious owner who invests it with the advice of men wise
in its handling.

4) Money slips away from the man who invests it in businesses or purposes that he is not familiar with, or which are not approved by those skilled in its keep. The inexperienced handler of money who trusts his own judgment, and puts his money in investments which he is not familiar, always pays with his money for his experience.

5) Money flees the man who would force it to impossible earnings, or who follows the alluring advice of tricksters and schemers, or who
trusts it to his own inexperience and romantic desires in investment.

Here is the hard lesson of the 5 Laws of Money: You cannot measure the value of wisdom in bags of money. Without wisdom, those who have it quickly lose money, but with wisdom, money can be secured by those who have it not.

This ends the condensation.

Apocalypto – 4 Stars (Excellent)

Mel Gibson’s “Apocalypto” shows the raw, violent face of the advanced Mayan civilization in its decline, with its rulers insisting that the key to continued prosperity is to build more temples and offer more human sacrifices to their Gods. The result is the story of innocent Mayans being viciously attacked and their communal way of life being destroyed to meet an insane desire. Killing your own has never been a good idea historically and is perhaps a lesson we need to take more seriously today.

The focal point of this film is Jaguar Paw (Rudy Youngblood) and his family. He is one of many sons of Flint Sky (Morris Birdyellowhead), the leader of a small, isolated Mayan community in the tropical jungle of Mexico’s Yucatan Peninsula just before the arrival of the Spanish in the New World.

Flint Sky and his progeny wish only to be left alone to pursue their destiny in a peaceful environment. Enter Zero Wolf (Raoul Trujillo) and his raiding party looking for victims to sacrifice to the Gods. Jaguar Paw and pregnant wife Seven (Dalia Hernandez) and their son Turtles Run (Carlos Emilio Baez) escape the attack. Jaguar Paw quickly finds a hiding place to keep his family safe, and then he returns to help fight off the attackers.

Many in his village are killed and many more are captured. This story is about how the captured Jaguar Paw can possibly survive the enforced march to an untimely death and then return to save his family. In the end, he must choose to greet the oncoming Spanish as their ships roll into the harbor, or retreat to the jungle and continue to live a hidden life.

I promise you that when you see this film you will be glued to the edge of your seat. Apocalypto will hold your interest like very few films can. Some historians were falling all over themselves to criticize inaccuracies in the film, I suspect mainly to get some badly needed publicity which they obviously could not do on their own.

Gibson is a film producer in Apocalypto, not an historian. Good grief, if I want exact history, I will read history books. Gibson brings history to life and does what no one else in Hollywood dares or cares to do.

Gibson’s film is an excellent presentation of how we would like life not to be, and also a reminder that no matter how smart we think we are we can sow the seeds of our own destruction right here in the greatest nation Earth has ever hosted.

Apocalypto is produced by Mel Gibson, Farhad Safinia and Bruce Davey, and written by Gibson and Safinia. It is worth the price of two tickets to see. I highly recommend it for adults. It is a not-so-subtle reminder of what civilization was and could be again. The fate of the Mayan civilization remains a mystery even today. We know that around 300 BC the Mayan calendar was invented in the Yucatan and was more exact than older calendars. We know the oldest Mayan temples in Central America were built around AD 200.

We know that the Classic period of Mayan civilization occurred between AD 250 to 900 with the development of hieroglyphic writing and advances in art, architecture and science. We know the Post-Classical period of Mayan civilization began in AD 900 and extended to 1519. The Mayan civilization was at its apex in the early 8th Century before eventually falling into decline and ultimately suffering abandonment.

We do not know why the civilization collapsed but can only speculate that its fall was from within, sowing the seeds of its own destruction. Apocalypto picked up nominations for Academy Awards in Makeup, Sound Editing and Sound Mixing. I thought the cinematography was spectacular, the close up shots of Jaguar Paw running for his very life, the look of fear in the faces of those innocents who were violently executed by their attackers, and the jungle with its teeming flora and fauna.

Cinematographer Dean Semler used a Spydercam to shoot from atop the 170-foot waterfall when Jaguar Paw jumps to escape Zero Wolf and his killer squad. Semler filmed Apocalypto digitally, using the high-definition Panavision Genesis camera. Semler is an artist disguised as a cinematographer. The Central Ohio and Dallas-Fort Worth Film Critics Associations saw what I did in giving Apocalypto their Best Cinematography Awards.

Apocalypto should have garnered more awards, but Mel Gibson’s unfortunate drinking habit and run-in with a law enforcement officer did not endear him to the Hollywood community.

Gibson insisted on making the main sets based on actual buildings rather than computer-generated images. Three cheers for Gibson as I believe authenticity counts. I am so sick and tried of seeing stupid kung fu films showing actors jumping 150 feet straight up into the air and then fighting on a twig. I would like to see these wannabe clowns fighting Bruce Lee on his best day.

Was Apocalypto an epic? Absolutely. There was a main cast of 39 along with 700 extras. Ever wonder what a support cast is to a film? For Apocalypto there were 179 people in the Makeup Department, 67 in the Art Department, 50 in Sound, 36 in Special Effects, 153 in Visual Effects, 33 in Stunts, 80 in Camera and Electrical, 8 in Casting, 22 in Costume and Wardrobe, 18 in Editorial, 62 in Transportation and 100 more additional crew. Total support: 800+. Cost of the film: $40 million. Total box office and rental revenue figures: $72 million and counting.

Many of the speaking roles were by Mayan people who had never acted. The sick child who curses the hunting party as they lead the captives on a forced march to their death was played by a 7-year-old girl who lived in a dirt-floored hut in a village not unlike Jaguar Paw’s.

This was a haunting scene as the girl who was affected with the plague and untouchable upbraids the hunting party by saying “You fear me? So you should. All you who are vile. Would you like to know how you will die? The scared time is near. Beware the blackness of the day. Beware the man who brings the jaguar. Behold him reborn from mud and earth. For the one he takes you to will cancel the sky, and scratch out the earth. Scratch you out. And end your world. He’s with us now. Day will be like night. And the man jaguar will lead you to your end.”

Herein we learn how Jaguar Paw avoids being beheaded only to run the gauntlet of spears and arrows in his escape back into the jungle. This is a brutal and graphic film with beheadings like sound bites. There are too many gems in this film to list here. Suffice to say a village elder uses animals to tell a story about how man will never be satisfied despite using the Earth and everything in it for his own gain.

You will cringe when Jaguar Paw’s wife and young son face downing as she falls and must deliver her newborn facing certain death. In the end Jaguar Paw uses his wit and wisdom to claim the forest as his own. Get out and see Apocalypto. This is a film nearly everyone could benefit from seeing before they pass from this Earth. It will remind you of how fragile and perilous our life is.

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These Are Possibly the 5 Most Accurate Sentences You Will Ever Read

Copyright 2020
by Ed Bagley

1. You cannot legislate the poor into prosperity by legislating the wealth out of prosperity.

2. What one person receives without working, another person must work without receiving.

3. The government cannot give to anybody anything that the government does not first take from somebody else.

4. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.

5. You cannot multiply wealth by dividing it.

America is getting perilously close to losing its four most important freedoms:

1) A republic form of government based on law and order to ensure a civil and livable society.

2) The right to choose your own path in life, to speak freely and assemble freely without control from a government hell bent on becoming a socialist society that will control our means of production and jobs, seek to limit our source of information in the media and in our educational system and provide us with a substandard, universal healthcare system that will go broke, just like every other government program since the beginning of time.

3) The right to keep arms to protect us from a government that becomes too big and greedy in its control over us, moving into socialism and then morphing into a communist or totalitarian system with a dictator, controlling every aspect of our lost freedoms, taking our property and assets, destroying our family, raping our women and killing us when we object.

4) The right to free and fair elections to determine who will represent us without government officials fixing elections to elect the candidate of their choice, to protect our borders from criminal actors and elements that threaten our safety and security, and career politicians who can be bought and sold by special interest groups, including businesses making money and creating jobs, and minority groups littered with victims who have little interest in working within the existing system to get ahead and prosper and seek government control and government handouts while complaining and whining voraciously while achieving nothing.

America is the freest country with the greatest opportunity on the face of the Earth. Clearly, the underachievers who are unhappy in America are out to change our system rather than themselves. The do not understand this reality: When you blame others you give up your ability to change. Albert Einstein said it best: The difference between ignorance and intelligence is that intelligence has a limit.

Financial Thoughts
on Investing
by Warren Buffett

(Ed’s Note: The following condensation is from The Tao of Warren Buffett, written by Mary Buffett and David Clark and available for sale at Amazon and bookstores nationwide. I am always impressed by what Warren Buffett has to say and am doing this condensation to help promote their book.)

On Investing: Never be afraid to ask too much when selling offer too little when buying.
(Ed’s Note: How much you get from a sale or how much you have to pay when making a purchase determines whether you make or lose money and how rich you ultimately become.)

(Ed’s Note: For more of Warren Buffett’s advice go to the menu bar above and click on Financial Thoughts.)