David’s Reviews > The Richest Man in Babylon > Status Update

Luck is a component to wealth but it’s not found at gambling tables or horse races. Instead, it’s found through opportunity and hard work. Procrastination is the enemy of opportunity.

It’s also interesting that on page 46, it says that it is not wise to be intrigued by larger earnings when thy principal may be lost. This seems to suggest an investment like bonds since equities do not have such a guarantee. The bottom of page 50 is screaming about how important insurance is but without breaking the script.

Pages 34-54 is very focused on the behavioral aspects of achieving wealth. It is broken down into seven cures for a lean purse. Start the habit of saving, budget, invest, be careful whose advice you take, purchase a home that can grow in value, prepare for retirement and take care of your family, and increase your earning potential.