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THE RICHEST MAN IN BABYLON

THE RICHEST MAN IN BABYLONTHE RICHEST MAN IN BABYLONTHE RICHEST MAN IN BABYLON

Financial Literacy Education

Financial Literacy Education Financial Literacy Education Financial Literacy Education

Meet The Goddess Of Good Luck

   "If a man be lucky, there is no foretelling the possible extent of his good fortune. Pitch him into the Euphrates and like as not he will swim out with a pearl in his hand."

—Babylonian Proverb.


   The desire to be lucky is universal. It was just as strong in the breasts of men four thousand years ago in ancient  Babylon  as  it  is  in  the  hearts  of men today.  We all hope to be favored by the whimsical Goddess of Good Luck.


   Is there  some  way  we  can  meet  her  and  attract,  not  only  her  favorable  attention,  but  her generous favors? Is there a way to attract good luck?


   That is just what the men of ancient Babylon wished to know. It is exactly what they decided to find out. They were shrewd men and keen thinkers. That explains why their city became the richest and most powerful city of their time.


   In that distant past, they had no schools or colleges. Nevertheless they had a center of learning and a very  practical one it was.  Among  the  towered  buildings  in  Babylon was one that ranked in importance with the Palace of the King, the Hanging Gardens and the temples of the Gods. You will find scant mention of it  in the history books, more likely no mention at all, yet it  exerted a powerful influence upon the thought of that time.


  This  building  was the Temple  of Learning  where  the  wisdom of the  past  was  expounded by voluntary teachers  and  where  subjects of popular  interest were  discussed  in  open forums. Within  its walls  all  men  met  as  equals. The humblest of slaves could dispute with impunity  the  opinions of a prince of the royal house. 


   Among the many who frequented the Temple of Learning, was a wise rich man named Arkad, called the richest man in Babylon. He had his own special hall where almost any evening a large group of men, some old, some very young, but mostly middle-aged, gathered to discuss and argue interesting subjects. Suppose we listen in to see whether they knew how to attract good luck.


   The sun had just set like a great red ball of fire shining through the haze of desert dust when Arkad strolled to his accustomed platform.  Already full four score men were awaiting his arrival, reclining on their small rugs spread upon the floor. More were still arriving.


   "What shall we discuss this night?" Arkad inquired. 


   After a brief hesitation, a tall cloth weaver addressed him, arising as was the custom. "I have a subject I would like to hear discussed yet hesitate to offer lest it seem ridiculous to you, Arkad, and my good friends here."


   Upon being urged to offer it, both by Arkad and by calls from the others, he continued: "This day I have been lucky, for I have found a purse in which there are pieces of gold. To continue to be lucky is my great desire. Feeling that all men share with me this desire, I do suggest we debate how to attract good luck that we may discover ways it can be enticed to one." 


   "A  most  interesting  subject  has  been  offered,  Arkad  commented,  "one  most  worthy  of  our discussion. To some men, good luck bespeaks but a chance happening that, like an accident, may befall one  without  purpose or reason.  Others  do believe that  the  instigator  of all good fortune is  our most bounteous goddess, Ashtar, ever anxious to reward with generous gifts those who please her. Speak up, my friends, what say you, shall we seek to find if there be means by which good luck may be enticed to visit each and all of us?"


   "Yea! Yea! And much of it!" responded the growing group of eager listeners.


   Thereupon Arkad continued, "To start our discussion, let us first hear from those among us who have enjoyed experiences similar to that of the cloth weaver in finding or receiving, without effort upon their part, valuable treasures or jewels." 


   There was a pause in which all looked about expecting someone to reply but no one did. 


   "What, no one?" Arkad said, "then rare indeed must be this kind of good luck. Who now will offer a suggestion as to where we shall continue our search?" 


   That I will do," spoke a well-robed young man, arising. "When a man speaketh of luck is it not natural that his thoughts turn to the gaining tables? Is it not there we find many men courting the favor of the goddess in hope she will bless them with rich winnings?"


   As he resumed his seat a voice called, "Do not stop! Continue thy story! Tell us, didst thou find favor with the goddess at the gaming tables? Did she turn the cubes with red side up so thou filled thy purse at the dealer's expense or did she permit the blue sides to come up so the dealer raked in thy hard- earned pieces of silver?" 


   The young man joined the good-natured laughter, then replied, "I am not averse to admitting she seemed not to know I was even there. But how about the rest of you? Have you found her waiting about such places to roll the cubes, in your favor? We are eager to hear as well as to learn."  


   "A wise start," broke in Arkad. "We meet here to consider all sides of each question. To ignore the gaming table would be to overlook an instinct common to most men, the love of taking a chance with a small amount of silver in the hope of winning much gold." 


   "That doth remind me  of the races but yesterday," called out another listener. "If the goddess frequents the gaming tables, certainly she dost not overlook the races where the gilded chariots and the foaming horses offer far more excitement. Tell us honestly, Arkad, didst she whisper to you to place your bet  upon those grey horses from Nineveh yesterday? I was standing just behind thee and could scarce believe my ears when I heard thee place thy bet upon the greys. Thou knowest as well as any of us that no team in all Assyria can beat our beloved bays in a fair race. 


   "Didst the goddess whisper in thy ear to bet upon the greys because at the last turn the inside black  would  stumble  and  so  interfere  with our  bays  that  the  greys  would  win the  race and  score an unearned victory?"


   Arkad smiled indulgently at the banter. "What reason have we to feel the good goddess would take that much interest in any man's bet upon a horse race? To me she is a goddess of love and dignity whose pleasure it is to aid those who are in need and to reward those who are deserving. I look to find her, not at the gaming tables or the races where men lose more gold than they win but in other places where the doings of men are more worthwhile and more worthy of reward. 


   "In tilling the soil, in honest trading, in all of man's occupations, there is opportunity to make a profit  upon  his  efforts  and  his  transactions.  Perhaps  not  all  the  time  will  he  be rewarded  because sometimes  his  judgment  may  be  faulty  and  other  times  the  winds  and the  weather  may  defeat  his efforts. Yet, if he persists, he may usually expect to realize his profit. This is so because the chances of profit are always in his favor.


   "But,  when  a  man  playeth  the  games,  the  situation  is  reversed  for  the  chances  of profit  are always against him and always in favor of the game keeper. The game is so arranged that it will always favor the keeper. It is his business at which he plans to make a liberal profit for himself from the coins bet by the players. Few players realize how certain are the game keeper's profits and how uncertain are their own chances to win. 


   "For example, let us consider wagers placed upon the cube. Each time it is cast we bet which side will be uppermost. If it be the red side the game master pays to us four times our bet. But if any other of the five sides come uppermost, we lose our bet. Thus the figures show that for each cast we have five  chances to lose,  but because  the red pays four for  one, we have four chances to win.  In a night's play the game master can expect to keep for his profit one-fifth of all the coins wagered. Can a man expect to win more than occasionally against odds so arranged that he should lose one-fifth of all his bets?" 


   "Yet some men do win large sums at times," volunteered one of the listeners. 


   "Quite so, they do," Arkad continued. "Realizing this, the question comes to me whether money secured in such ways brings permanent value to those who are thus lucky. Among my acquaintances are many of the successful men of Babylon, yet among them I am unable  to name a single  one who started his success from such a source. 


   "You  who  are  gathered  here  tonight  know  many  more  of  our  substantial  citizens.  To  me it would be of much interest to learn how many of our successful citizens can credit the gaming tables with their start to success. Suppose each of you tell of those you know. What say you?" 


   After a prolonged silence, a wag ventured, 'Wouldst thy inquiry include the game keepers?" 


   "If you think of no one else," Arkad responded. 


"If  not  one  of  you  can  think  of  anyone  else,  then  how  about  yourselves?  Are  there any consistent winners with us who hesitate to advise such a source for their incomes?" 


   His challenge was answered by a series of groans from the rear taken up and spread amid much laughter. 


   "It  would  seem  we  are  not  seeking  good  luck  in  such  places  as  the  goddess frequents,"  he continued.  "Therefore  let us explore  other  fields.  We  have  not  found  it in  picking  up  lost  wallets. Neither have we found it haunting the gaming tables. As to the races, I must confess to have lost far more coins there than I have ever won. 


   "Now,  suppose  we  consider  our  trades  and  businesses.  Is  it  not  natural  if  we  conclude a profitable  transaction to consider it  not  good luck but a  just reward for our efforts? I am inclined to think we may be overlooking the gifts of the goddess. Perhaps she really does assist us 

when we do not appreciate her generosity. Who can suggest further discussion?" 


Thereupon an elderly merchant arose, smoothing his genteel white robe. "With thy permission, most honorable Arkad and my friends, I offer a suggestion. If, as you have said, we take credit to our own industry and ability for our business success, why not consider the successes we almost enjoyed but which escaped us, happenings which would have been most profitable. They would have been rare examples of good luck if they had actually happened. Because they were not brought to fulfillment we cannot consider them as our just rewards. Surely many men here have such experiences to relate." 


   "Here is a wise approach," Arkad approved. "Who among you have had good luck within your grasp only to see it escape?"


   Many hands were raised, among them that of the merchant. Arkad motioned to him to speak. "As you suggested this approach, we should like to hear first from you." 


   "I will gladly relate a tale," he resumed, "that doth illustrate how closely unto a man good luck may approach and how blindly he may permit it to escape, much to his loss and later regret. 


   "Many years ago, when I was a young man, just married and well-started to earning, my father did come one  day and  urge most strongly that  I enter  in  an investment. The  son of one of his good friends had taken notice of a barren tract of land not far beyond the outer walls of our city. It lay high above the canal where no water could reach it. 


   "The son of my  father's  friend devised  a  plan  to  purchase  this  land,  build  three large water wheels that could be operated by oxen and thereby raise the life-giving waters to the fertile soil. This accomplished,  he  planned  to  divide  into  small  tracts  and  sell  to  the residents of the city  for  herb patches. 


   "The  son  of  my  father's  friend  did  not  possess  sufficient  gold  to  complete  such  an undertaking. Like myself, he was a young man earning a fair sum. His father, like mine, was a man of large family and small means. He, therefore, decided to interest a group of men to enter the enterprise with him. The group was to comprise twelve, each of whom must be a money earner and agree to pay one-tenth  of his  earnings into  the  enterprise  until  the  land  was made  ready for  sale. All  would  then share justly in the profits in proportion to their investment.


   "Thou,  my son,' bespoke my father  unto  me, 'art  now  in  thy  young  manhood.  It  is  my deep desire that thou begin the building of a valuable estate for myself that thou mayest become respected among men. I desire to see thou profit from a knowledge of the thoughtless mistakes of thy father.' 


   "This do I most ardently desire, my father,' I replied.


   " 'Then, this do I advise. Do what I should have done at thy age. From thy earnings keep out one-tenth to put into favorable investments. With this one-tenth of thy earnings and what it  will also earn, thou canst, before thou art my age, accumulate for thyself a valuable estate. ' 


   " 'Thy words are words of wisdom, my father. Greatly do I desire riches. Yet there are many uses to which my earnings are called. Therefore, do I hesitate to do as thou dost advise. I am young. There is plenty of time.' 


   " 'So  I  thought  at  thy age, yet  behold,  many years have  passed  and  I have not  yet  made the beginning.'


   " 'We live in a different age, my father. I shall avoid thy mistakes.' " 


   'Opportunity stands before thee, my son. It is offering a chance that may lead to wealth. I beg of thee, do not delay. Go  upon the morrow to the son of my friend and bargain with him to pay ten percent of thy earnings into this investment. Go promptly upon the morrow. Opportunity waits for no man. Today it is here; soon it is gone. Therefore, delay not!'


   "In spite of the advice of my father, I did hesitate. There were beautiful new robes just brought by the tradesmen from the East, robes of such richness and beauty my good wife and I felt we must each possess one. Should I agree to pay one-tenth of my earnings into the enterprise, we must deprive ourselves of these and other pleasures we dearly desired. I delayed making a decision until it was too late, much to my subsequent regret. The enterprise did prove to be more profitable than any man had prophesied. This is my tale, showing how I did permit good luck to escape." 


   "In  this  tale  we  see  how  good  luck  waits  to  come  to  that  man  who  accepts opportunity," commented  a swarthy man of the desert.  "To the  building of an estate there must  always  be  the beginning. That start may be a few pieces of gold or silver which a man diverts from his earnings to his first investment. I, myself, am the owner of many herds. The 

start of my herds I did begin when I was a mere  boy  and  did  purchase  with  one  piece  of  silver  a  young  calf.  This,  being  the  beginning  of my wealth, was of great importance to me. 


   "To take his first start to building an estate is as good luck as can come to any man. With all men, that first step, which changes them from men who earn from their own labor to men who draw dividends  from  the  earnings  of their  gold,  is  important.  Some,  fortunately,  take  it when  young  and thereby outstrip in financial success those who do take it later or those unfortunate men, like the father of this merchant, who never take it.


   "Had our friend, the merchant, taken this step in his early manhood when this opportunity came to him, this day he would be blessed with much more of this world's goods. Should the good luck of our  friend,  the  cloth  weaver,  cause  him  to  take  such  a  step  at  this  time,  it  will indeed  be  but  the beginning of much greater good fortune." 


   "Thank you! I like to speak, also." A stranger from another country arose. "I am a Syrian. Not so 

well do I speak your tongue. I wish to call this friend, the merchant, a name. Maybe you think it not polite, this name. Yet I wish to call him that. But, alas, I not know your word for it. If I do call it in Syrian, you will not understand. Therefore, please some good gentlemen, tell me that right name you call man who puts off doing those things that mighty good for him." 


   "Procrastinator," called a voice. 


   "That's him," shouted the Syrian, waving his hands excitedly, "he accepts not opportunity when she comes. He waits. He says I have much business right now. Bye and bye I talk to you. Opportunity, she will not wait for such slow fellow. She thinks if a man desires to be lucky he will step quick. 

Any man not step quick when opportunity comes, he big procrastinator like our friend, this merchant.


   "The merchant arose and bowed good naturedly in response to the laughter. "My admiration to thee, stranger within our gates, who hesitates not to speak the truth." 


   "And  now  let  us  hear  another  tale  of  opportunity.  Who  has  for  us  another  experience?" demanded Arkad.


   "I have," responded a red-robed man of middle age. "I am a buyer of animals, mostly camels and horses.  Sometimes  I  do  also  buy  the  sheep  and  goats. The  tale  I  am  about  to  relate will  tell truthfully how opportunity came one night when I did least expect it. Perhaps for this reason I did let it escape. Of this you shall be the judge.


   "Returning to the city one evening after a disheartening ten- days' journey in search of camels, I was much angered to find the gates of the city closed and locked. While my slaves spread our tent for the night, which we looked to spend with little food and no  I water, I was approached by an elderly farmer who, like ourselves, found himself locked outside. 


   " 'Honored sir,' he addressed me, 'from thy appearance, I do judge thee to be a buyer. If this be so, much would I like to sell to thee the most excellent flock of sheep just driven up. Alas, my good wife lies very sick with the fever. I must return with all haste. Buy thou my sheep that I and my slaves may mount our camels and travel back without delay." 


   "So dark it was that I could not see his flock, but from the bleating I did know it must be large. Having wasted ten days searching for camels I could not find, I was glad to bargain with him. In his anxiety, he did set a most reasonable price. I accepted, well knowing my slaves could drive the flock through the city gates in the morning and sell at a substantial profit. 


   The bargain concluded, I called my slaves to bring torches that we might count the flock which the farmer declared to contain nine hundred. I shall not burden you, my friends, with a description of our  difficulty  in  attempting  to  count  so  many  thirsty,  restless,  milling  sheep.  It proved  to  be  an impossible task. Therefore, I bluntly informed the farmer I would count them at daylight and pay him then.


   " 'Please, most honorable sir,' he pleaded, 'pay me but two-thirds of the price tonight that I may be on my way. I will leave my most intelligent and educated slave to assist to make the count in the morning. He is trustworthy and to him thou canst pay the balance. ' 


   "But I was stubborn and refused to make payment that night. Next morning, before I awoke, the city gates opened and four buyers rushed out in search of flocks. They were most eager and willing to pay high prices because the city was threatened with siege, and food was not plentiful. Nearly three times the price at which he had offered the flock to me did the old farmer receive for it. Thus was rare good luck allowed to escape." 


   "Here is a tale most unusual," commented Arkad. "What wisdom doth it suggest?" 


   "The wisdom of making a payment immediately when we are convinced our bargain is wise," suggested a venerable saddle maker. "If the bargain be good, then dost thou need protection against thy own weaknesses as much as against any other man. We mortals are changeable. Alas, I must say more apt to change our minds when right than wrong. Wrong, we are stubborn indeed. Right, we are prone to vacillate and let opportunity escape. My first judgment is my best. Yet always have I found it difficult to compel myself to proceed with a good bargain when made. Therefore, as a  protection against my own weaknesses, I do make a prompt deposit thereon. This doth save me from later regrets for the good luck that should have been mine."


   "Thank you! Again I like to speak." The Syrian was upon his feet once more. "These tales much alike. Each time opportunity fly away for same reason. Each time she come to procrastinator, bringing good plan. Each time they hesitate, not say, right now best time, I do it quick. How can men succeed that way?" 


   "Wise are thy words, my friend," responded the buyer. "Good luck fled from procrastination in both these  tales.  Yet,  this  is  not  unusual.  The  spirit  of  procrastination  is  within  all men.  We  desire riches; yet, how often when opportunity doth appear before us, that spirit of procrastination from within doth urge various delays in our acceptance. In listening to it we do become our own worst enemies.


   "In my younger days I did not know it by this long word our friend from Syria doth enjoy. I did think at first it was my own poor judgment that did cause me  loss of many profitable trades. Later, I did credit  it  to my stubborn disposition. At last, I did recognize it for what it was—a habit of needless delaying where action was required, action prompt and decisive. How I did hate it when its true character stood revealed. With the bitterness of a wild ass hitched to a chariot, I did break loose from this enemy to my success."  


   "Thank you! I like ask question from Mr. Merchant." The Syrian was speaking. "You wear fine robes,  not  like  those  of poor man. You  speak like  successful man.  Tell us,  do  you  listen  now when procrastination whispers in your ear?" 


   "Like our friend the buyer, I also had to recognize and conquer procrastination," responded the merchant. "To me, it proved to be an enemy, ever watching and waiting to thwart my accomplishments. The tale I did relate is but one of many similar instances I could tell to show how it  drove away my opportunities. Tis not difficult to conquer, once understood. No man willingly permits the thief to rob his bins of grain. Nor does any man willingly permit  an enemy to drive away his customers and rob him of his profits. When once I did recognize that such acts as these my enemy was committing, with determination I conquered him. So must every man master his own spirit of procrastination before he can expect to share in the rich treasures of Babylon. 


   "What sayest, Arkad? Because thou art the richest man in Babylon, many do proclaim thee to be the luckiest. Dost agree with me that no man can arrive at a full measure of success until he hath completely crushed the spirit of procrastination within him?" "It  is  even as thou  sayest," Arkad admitted. "During  my  long  life I have  watched  generation following generation, marching forward along those avenues of trade, science and learning that lead to success in  life.  Opportunities came  to all these men. Some grasped theirs and  moved steadily to  the gratification of their deepest desires, but the majority hesitated, faltered and fell behind." 


   Arkad  turned  to  the  cloth weaver. Thou  didst  suggest  that  we debate good luck.  Let  us hear what thou now thinkest upon the subject." 


   "I do  see  good  luck in  a  different  light. I had  thought  of it  as something  most desirable  that might happen to a man without effort upon his part. Now, I do realize such happenings are not the sort of thing  one  may attract  to  himself.  From our discussion  have  I learned  that  to  attract  good  luck  to oneself, it is necessary to take advantage of opportunities. Therefore, in the future, I shall endeavor to make the best of such opportunities as do come to me." 


   "Thou hast well grasped the truths brought forth in our discussion," Arkad replied. "Good luck, we do find, often follows opportunity but seldom comes otherwise. Our merchant friend would have found great good luck had he accepted the opportunity the good goddess did present to him. Our friend the buyer, likewise, would have enjoyed good luck had he completed the purchase of the flock and sold at such a handsome profit.


   "We did pursue this discussion to find a means by which good luck could be enticed to us. I feel that we have found the way. Both the tales did illustrate how good luck follows opportunity. Herein lies a truth that many similar tales of good luck, won or lost, could not change. The truth is this: Good luck can be enticed by accepting opportunity. 


   "Those  eager  to  grasp  opportunities  for  their  betterment,  do  attract  the  interest of the  good goddess. She is ever anxious to aid those who please her. Men of action please her best .


"Action will lead thee forward to the successes thou dost desire."


       MEN OF ACTION ARE FAVORED BY THE GODDESS OF GOOD LUCK



 Financial Literacy Education

THE RICHEST MAN IN BABYLON


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