meta_pixel
Tapesearch Logo
Log in
Radical Personal Finance

895: Seven Cures for a Lean Purse

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Self-improvement, Business, Education, Investing

4.21.9K Ratings

🗓️ 3 November 2022

⏱️ 35 minutes

🧾️ Download transcript

Summary

Chapter 3 of "The Richest Man in Babylon" by George Samuel Clason, published in 1926

https://www.amazon.com/Richest-Man-Babylon-Magic-Story/dp/1939438632/

https://archive.org/details/richestmaninbaby00geor/mode/2up

Transcript

Click on a timestamp to play from that location

0:00.0

The glory of Babylon endures. Down through the ages, its reputation comes to us as the

0:07.3

richest of cities, its treasures as fabulous. Yet it was not always so. The riches of Babylon

0:16.1

were the results of the wisdom of its people. They first had to learn how to become wealthy.

0:22.4

When the good king, Sargon, returned to Babylon after defeating his enemies, the Elimites,

0:28.0

he was confronted with a serious situation. The royal chancellor explained it to the king

0:33.3

thus. After many years of great prosperity brought to our people because your majesty

0:38.6

built the great irrigation canals and the mighty temples of the gods, now that these works

0:43.9

are completed, the people seem unable to support themselves. The laborers are without employment.

0:50.3

The merchants have few customers. The farmers are unable to sell their produce. The people

0:56.2

have not enough gold to buy food. But where has all the gold gone that we spent for these

1:01.3

great improvements, demanded the king? It has found its way, I fear, responded the chancellor,

1:07.8

into the possession of a few very rich men of our city. It filtered through the fingers

1:14.2

of most of our people as quickly as the goat's milk goes through the strainer. Now that

1:19.1

the stream of gold has ceased to flow, most of our people have nothing to show for their

1:24.1

earnings. The king was thoughtful for some time. Then he asked, why should so few men be

1:31.0

able to acquire all the gold? Because they know how, replied the chancellor. One may not condemn

1:37.7

a man for succeeding because he knows how. Neither may one with justice take away from a man

1:43.9

what he has fairly earned to give to men of less ability. But why, demanded the king, should not

1:51.6

all the people learn how to accumulate gold and therefore become themselves rich and prosperous?

1:58.5

Quite possible, your excellency. But who can teach them? Certainly not the priests,

2:03.6

because they know not of money making. Who knows best in all our city how to become wealthy

2:08.9

chancellor? Asked the king. That question answers itself your majesty. Who has amassed the greatest

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.