The Richest Man in Babylon

Significance of The Five Laws of Gold

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Arkad gives his son Nomasir a tablet inscribed with the Five Laws of Gold. Nomasir uses these laws when he is sent away from Arkad's home to try and make his own fortune. The Five Laws are presented in chapter five and explained by Kalabab. The laws are as follows:

The first law states that gold comes easily to those who would put aside one-tenth of their earnings. The second law states that gold will work hard for the master who puts it to profitable use. In other words gold will multiple if invested wisely. The third law says that gold should be invested wisely according to the advice of knowledgeable advisors. If this law is followed then one is assured that their investment will be returned to him and not riskily lost. The fourth law states that gold will be easily lost if invested in businesses or purposes, which are not fully understood by the investor. A man should not sink his money into just any investment but should make sure to seek the advice of wise counselors. The fifth law states that gold will flee the man who tries to earn money by investing it with tricksters or pursues his own romantic desires. Whims should not be followed when investing money because more often than not the money is quickly lost.