Be good to your money and your money will be good to you

Do you know the 'Five Laws of Gold'?

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• Yes I know all of them.
• Kinda, I've heard of some of them, please refresh me.
• No, haven't heard of them. Sounds interesting!

The Five Laws of Gold... which are you using or not?

If you were offered the choice, would you prefer the money you want now or the deep knowledge to make, keep, and grow the money? A very good question. Honestly ask yourself the question. Of course, the money now! Who doesn't want their money issues resolved in a flash? Perhaps like me, your answer will change.

I thought I wanted the money too. But, it was my thoughts, actions, feelings, and habits which got me to where I am. Over time I have changed my answer to, the knowledge. Trust me when I say this, the words, or better, the laws, are more valuable than the money itself. As Confucius highlighted, "Success depends on previous preparation, and without such preparation there is sure to be failure".

“A bag heavy with gold or a clay tablet carved with words of wisdom; if thou hadst thy choice, which would it be?“ Kalibab, the camel trader of Babylon, from "Richest Man in Babylon".

Why do some people have money and it keeps coming to them easily, and some struggle and never have sufficient? How come some earn well (e.g., over $100k per year ), but still live paycheck to paycheck? Why do some earn less, but are still good with money? Look at the laws, see how well they connect for you, and compare them to others doing well financially.

To have money come to you, you must follow the laws, and interpret them in your own acts. If you don't, money will go as quickly as it came. I have taken the extracts from the book "Richest Man in Babylon" (in italics) and updated the words to today (sub-bullet).

1. “Gold cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family."

   • Money comes eagerly, willingly, and in increasing quantities to the person who puts 10% of their incomes into savings, to use in the future for security, providing for your family, and then investments.

2. “Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks in the field.”

   • The money you save earns more, and when that money is safely invested, it earns more too. Money loves to make more of itself, money!

3. "Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling”

   • Your money will stay and grow if you invest the money, with those who know what they are doing! Invest for the long term. Be cautious, but take calculated risks, based on good advice from people who have proven success.

4. “Gold slippeth away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep.”

   • Your invested money probably will get drastically reduced and wiped out by investing in things and businesses you don't know or understand. If you invest in a lemon, you will get the tears to prove it.

5. “Gold flees the man who would force it to impossible earnings or who followeth the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.”

   • Money likes to make money, but steadily and slowly. If the returns sound ridiculously high, get out! If you think you can get rich quickly and stay rich, best of luck to you.

I’ll go into more detail about each of these laws in the series.

To your success.