Tuesday, September 17, 2013

Wisdom (our mind) vs Money - The Richest Man in Babylon


"The Richest Man in Babylon", George Samuel Clason, is one of my all time favourite books because it was published in 1926, yet it is still relevant today. Clason asked would you prefer a large sum of money or a clay tablet carved with the words of wisdom? Like most people, my instincts chose money. Of course that would be the dumb choice. Okay I apologize for calling you "dumb", at least you are in the same boat as 99% of human population.

Of course money is good, but if you do not have wisdom your money will fly away just as fast as it was given to you. If you had no financial wisdom and inherited a large sum of money, what would you do? Does buying a Ferrari, a mansion, and a yacht sound like a good idea? On top of all this extravagance, you will start to make friends who are interested in your wealth and your ability to invest. Without wisdom, you will make bad investment decisions. Will you invest your money in a bricklayer who said he will buy rare jewelry overseas for cheap so you can sell it for a profit? If you answered "yes" to that question, please move your computer mouse to the top right hand side and press the left button. A bricklayer does not specialize in buying rare jewelry, so you will be flushing your money down the toilet!
There are many stories where the rich and famous have gone broke after earning millions  - this is one of them: http://www.aolnews.com/2010/05/26/the-trials-and-tribulations-of-eddy-curry/ 

If you had wisdom, you will be able to accumulate wealth. You will use your wisdom to invest in a jeweler who buys diamonds. Wisdom also allows you to be creative and to conjure up different solutions. Instead of saying I cant afford it, you can force your mind to think by saying "how can I afford it?" The former is a statement while the latter is a question - the statement prevents your brain from thinking while the question allows you to come up with a solution. The mind can be easily manipulated, so be careful what you think or say.

"Whether you think you can, or you think you can't - your're right." - Henry Ford

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