The Babylonian Secret to Building Wealth: Lessons from Bansir and Arkad

                    

Ancient Babylon had a great chariot maker whose name is Bansir. He made beautiful chariots every day to his rich clients but however hard he worked his purse was always empty.

One of the hot afternoons Bansir sat on the wall before his house thinking. His friend Kobbi was a musician and he was just passing near, and saw how grim he was looking. “Why the long face?” he asked.

I am working; I am working to-day and night, and I cannot save a penny, Bansir moped. Why do other individuals become wealthy as others, such as me, are straining?

Sound familiar? Most of us are very hardworking but our incomes get lost in unnoticeable time.

🧠 The Turning Point

Bansir and Kobbi were determined to get answers, so they went to Arkad, the richest man in Babylon, a man who was at one time their equal. They inquired, “How come you got rich when the rest of the people remained poor?

Arkad was telling a simple but strong truth when he said that money does not belong to people who are lucky or diligent, it belongs to people who know how to handle their money. He said:

You have a portion of whatever you make to your own.

This was the principle on which everything which followed in his teachings was based.

💡 The Lesson

Regardless of your income, you should always save first a part of what you have earned. The majority of us spend and attempt to save what remains in our hands and end up having nothing. The wealthy do just the opposite they save then spend the rest.

⚡ The Takeaway

Begin today -even 10 per cent of your earnings.

Put it aside and then pay bills or purchase.

This is a very simple habit that is the first step towards financial freedom.

Keep in mind: you do not have to work harder to get rich. You simply have to hold on to a bigger percentage of what you are already making.