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.

Pirates of the Caribbean: At World’s End – 4 Stars (Excellent)

What a relief! Like many of my fellow reviewers, I held my breath after “Dead Man’s Chest” hoping installment three “Pirates of the Caribbean: At World’s End” would not be left in the chest with Davy Jones’ disgusting, slimy beating heart.

Three could have gone in the dumper with the average performance of Priates two, but thankfully “At World’s End” gets an excellent rating like the first Pirates’ presentation “The Curse of the Black Pearl”.

Dead Man’s Chest got mixed reviews nationally as many reviewers could not tolerate a plot that was too convoluted to follow. Trust me when I say that At World’s End was no better in that regard, but was far and away better as important story lines returned. Here are some:

 1) The romance between Elizabeth Swann (Keira Knightly) and Will Turner (Orlando Bloom) resumed. Just looking at Keira Knightly in her finest can take your mind off of the troublesome story line. The relationship between the two was all but destroyed in “Dead Man’s Chest”.

2) Jack is back! The Curse of the Black Pearl had Captain Jack Sparrow (Johnny Depp) front and center with all action revolving around him. Dead Man’s Chest dimmed the spotlight on Captain Jack and eventually had him “killed” off at the end. At World’s End brings Captain Jack Sparrow back front and center, where he should be as the focal point of this saga.

Pirates of the Caribbean begins and ends with Jack Sparrow, and if he is given a lesser role the story suffers.

3) The over-the-top sight gags in Dead Man’s Chest (the sword fight in the giant wheel which went on far too long and the hanging baskets between the cliffs) put too much focus on production gimmicks rather than the characters. People make the story of Pirates, not gimmicks.

At World’s End has swordfights aboard ship and cannons blowing ships apart, right on, this is a pirate story for cripes sake, not some ballet production on a ferris wheel.

Give someone credit for letting writers Ted Elliott and Terry Rossio tell the story without marching orders. I believe these two writers were pushed into throwing anything together to satisfy the immediate demand for a sequel that would dovetail into another sequel. Gore Verbinski directed all three movies.

Given how convoluted the story line is, here is the best synopsis of At World’s End by J. Curcio (it certainly helps if you have seen the first two Pirate films):

“After Elizabeth Swann, Will Turner and Captain Barbossa (Geoffrey Rush) rescue Captain Jack Sparrow from the land of the dead (Davy Jones’ locker), they must face their foes, Davy Jones (Bill Nighy) and Lord Cutler Beckett (Tom Hollander). Beckett, with control of Jones’ heart, forms a dark alliance with Davy Jones in order to rule the seas and wipe out the last of the Pirates.

“Now, Jack, Barbossa, Will, Elizabeth, Tia Delma and crew must call the Pirate Lords from the four corners of the globe to a gathering to figure out how to release the goddess Calypso, Davy Jones’ former lover, so she can come to their aid. Once Calypso is free, all of the Pirate Lords will stand together in their fight for freedom against Beckett, Jones, Norrington, the Flying Dutchman, and the entire East India Trading Company.

“During the battle, Will proposes to Elizabeth who insists that Barbossa marry them immediately. When Davy Jones mortally wounds Will aboard the Dutchman, Jack places the sabre in Will’s hand and helps him stab Davy Jones’ heart in the Dead Man’s Chest, thus killing Jones and making Will the Flying Dutchman’s captain.

The crew cuts out Will’s heart and places it in the Dead Man’s Chest. Jack and Elizabeth escape before the ship is pulled into the whirlpool, but it quickly resurfaces with Will at the helm. Will captains the Flying Dutchman and Jack Sparrow captains the Black Pearl as they destroy Lord Cutler Beckett’s ship, killing Beckett and causing his armada to retreat.

Although Will has been saved and the Dutchman crew has regained its humanity, Will must spend the next 10 years at sea ferrying souls to the next world. Will and Elizabeth spend one day together on an island to consummate their marriage, and Will entrusts Elizabeth with the Dead Man’s Chest containing his heart.

The rest is simply too good to give away here. Do not make the mistake of leaving when the credits begin to roll as there is a bonus scene at the end of the credits that is critical to understanding where the movie is headed next.

There are too many secret alliances, turncoats, double-crosses and self-centered activities going on to detail them in this review. Suffice to saw that the action happens so quickly that the plot does become convoluted.

There was in fact an actual council of pirates at one time in history. The 9 Pirate Lords portrayed in the film are:

Johnny Depp as Captain Jack Sparrow: Pirate Lord of the Caribbean Sea.
Geoffrey Rush as Hector Barbossa: Pirate Lord of the Caspian Sea.
Chow Yun-Fat as Captain Sao Feng: Pirate Lord of the South China Sea.
Takayo Fischer as Mistress Ching: Pirate Lady of the Pacific Ocean.
Hakim-Kae Kazim as Gentleman Jocard: Pirate Lord of the Atlantic Ocean.
Marcel Iures as Capitaine Chevalle: Pirate Lord of the Mediterranean Sea.
Ghassan Massoud as Ammand the Corsair: Pirate Lord of the Black Sea.
Marshall Manesh as Sri Sumbhajee: Pirate Lord of the Indian Ocean.
Sergio Calderon as Captain Villanueva: Pirate Lord of the Adriatic Sea.

The scenery is really outstanding in At World’s End; some of the scenes were filmed during the filming of Dead Man’s Chest so locations would not have to be revisited.

Keith Richards, who had been courted to appear in earlier Pirate films, agreed to appear as Jack Sparrow’s father and keeper of the Pirate Code in At World’s End.

When the Pirate’s Code is brought out to settle a dispute, Barbossa refers to the code created by “Morgan and Bartholomew”.

This is a reference to famous pirates Henry Morgan and Bartholomew “Black Bart” Roberts. Morgan was famous for sacking several impenetrable treasure towns, including Portobello, the Fort Knox of its day.

Black Bart was simply brutal without any conscience whatsoever, he killed and pillaged at will and was one of the pirates to develop a code of honor which his crew followed upon pain of death.

These are my favorite lines in the movie:

Will Turner: No cause is lost if but one fool is left to fight for it.

Barbossa: Dying is the day worth living for.

Barbossa: All men are drawn to the sea perilous though it may be.

Will Turner (when he gives Elizabeth the Dead Man’s Chest with his beating heart in it): It was always yours . . . Will you keep it safe? (How is that for a romantic line, ladies?)

Cabin Boy: Yo ho, haul together, hoist the colors high. Heave ho, thieves and beggars, never shall we die!

Among the locations in At World’s End were the Bonneville Salt Flats in Utah, the dunes in Guadalupe (CA), Niagara Falls in New York, ocean battle scenes were located near Palmdale (CA) and sea sequences in Rancho Palos Verdes (CA).

At World’s End runs 2 hours 47 minutes, 15 minutes longer than Dead Man’s Chest and 30 minutes longer than Spider Man 3.

Despite its length, At World’s End had the best Memorial Day Weekend opening ever, hauling in $142 million, and was second only to Spider Man 3’s best opening weekend ever at $151 million. When you add in the international numbers, At World’s End hauled in $332 million for the weekend.

At World’s End rang up the most valuable haul among any pirate booty ever.

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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.)