1948607077
George S. Clason
Notes
No one lends his entire fortune, not even to his best friend.
…when youth comes to age for advice he receives the wisdom of years…Youth is ambitious. Youth would take short cuts to wealth and the desirable things for which it stands. To secure wealth quickly youth often borrows unwisely.
Fool! You pay to everyone but yourself. Dullard, you labor for others.
If you would become wealthy, then what you save must earn, and its children must earn, that all may help to give to you the abundance you crave…learn to make your treasure work for you. Make it your slave. Make its children and its children’s children work for you.
A part of all you earn is yours to keep. It should be not less than a tenth no matter how little you earn. It can be as much more as you can afford. Pay yourself first. Do not buy from the clothes-maker and the sandal-maker more than you can pay out of the rest and still have enough for food and charity and penance to the gods…say to yourselves, ‘A part of all I earn is mine to keep.’ Say it in the morning when you first arise. Say it at noon. Say it at night.
That what each of us calls our ‘necessary expenses’ will always grow to equal our incomes unless we protest to the contrary…The purpose of a budget is to help thy purse to fatten. It is to assist thee to have thy necessities and, insofar as attainable, thy other desires.
Provide in advance for the needs of thy growing age and the protection of thy family.
…to attract good luck to oneself, it is necessary to take advantage of opportunities.
The five laws of gold
- 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.
- Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field.
- Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling.
- 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.
- 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.
…humans in the throes of great emotions are not safe risks for the gold lender.