September 26, 2025

Friday Tidbit

Friday Tidbit

In 1926 George S Clason first published a famous series of pamphlets on thrift and financial success using parables from ancient Babylonian clay tablets.

by Dejan Pekic

26

September 2025

Friday Tidbit

Posted by Dejan Pekic

In 1926 George S Clason first published a famous series of pamphlets on thrift and financial success using parables from ancient Babylonian clay tablets.

These pamphlets were latter incorporated into his book, The Richest Man in Babylon and the following seven cures for a lean purse are from the book and as told by Arkad, The Richest Man in Babylon.

  1. Start thy purse to fattening

“For every ten coins thou placest within thy purse take out for use but nine. Thy purse will start to fatten at once and its increasing weight will feel good in thy hand and bring satisfaction to thy soul.”

  1. Control thy expenditures

“Budget thy expenses that thou mayest have coins to pay for thy necessities, to pay for thy enjoyments and to gratify thy worthwhile desires without spending more than nine-tenths of thy earnings.”

  1. Make thy gold multiply

“Put each coin to laboring that it may reproduce its kind even as the flocks of the field and help bring to thee income, a stream of wealth that shall flow constantly into thy purse.”

  1. Guard thy treasures from loss

“Guard thy treasure from loss by investing only where they principal is safe, where thou will not fail to collect a fair rental. Consult with wise men. Secure the advice of those experienced in the profitable handling of gold. Let their wisdom protect thy treasure form unsafe investments.”

  1. Make of thy dwelling a profitable investment

“No man’s family can fully enjoy life unless they do have a plot of ground wherein children can play in the clean earth and where the wife may raise not only blossoms but good rich herbs to feed her family. To a man’s heart it brings gladness to eat the figs from his own trees and the grapes of his own vines. To own his own domicile and to have it a place he is proud to care for, putteth confidence in his heart and greater effort behind all his endeavors. Therefore do I recommend that every man own the roof that sheltered him and his.”

  1. Insure a future income

“It behooves a man to make preparation for a suitable income in the days to come, when he is no longer young, and to make preparations for his family should he be no longer with them to comfort and support them. No man can afford not to insure a treasure for his old age and the protection of his family, no matter how prosperous his business and his investments may be.”

  1. Increase they ability to earn

“To cultivate thy own powers, to study and become wiser, to become more skillful, to so act as to respect thyself. Thereby shall thou acquire confidence in thyself to achieve they carefully considered desires.”

Has anything really changed when it comes to accumulating wealth?

Our business is based on referrals, so if you have family, friends or colleagues that want advice please ask them to contact us.

At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.

Related Posts

  • How Inflation Impacts Retirement

    With interest rates rising once more, homeowners and investors are keeping a close eye on inflation. While inflation directly links to cost of living and RBA decisions on interest rates, it also plays a broader role in your retirement planning. Understanding how inflation can affect your financial plans – and knowing what to do about

    Published On: April 14th, 2026By
  • Global Recession Probability Update

    With the current Middle East conflict, accelerating oil prices and Donald Trump’s ongoing tariff war, clients continue to ask about the probability of a global recession. According to the latest Worldwide Recession Probability data from Franklin Templeton, Australia has a recession probability of 10%, a surprisingly low figure that is also down from last year’s

    Published On: April 10th, 2026By
  • Southern United Football Club Fundraising

    Kevin Stevens, a client of Newealth since 2002 is fundraising for a fantastic cause to support young athletes on the NSW Mid North Coast. Six years ago, Southern United Football Club (SUFC) was established in Forster to provide a centre for young footballers to train, play and compete against the best in the Newcastle Football

    Published On: April 2nd, 2026By
Go to Top