Wisdom or money, which would you prefer?
So, we are here again looking now at chapter 5 of the Richest Man in Babylon, by George S Clason. CHapter 5 is entitled, “The Five Laws of Gold” and the question above is really what the chapter focuses on. What would be more valuable to you in the long run? I think about my 20s and I know if I know then what I know now I would have made better decisions. If I had really looked at somethings around me and learned from them I would be in a better position that I am now. Therefore, wisdom is indeed invaluable from my vantage point.
…had I but sought wisdom first, my gold would not have been lost to me. Many of us have regrets when we get older about things we could have done better in the past. However, at this point no matter our age we still need to know this truth, you do not have to wait on old age to gather years of experience and wisdom to yourself. Just like the clay tablet with the five laws of gold carved on it that Arkad gave his son Nomasir, we too can rely on the wisdom and experience of others to help navigate through the landmines and pitfalls of life. We can also learn from our mistakes as we go along and not wait years later when we are sitting in a rocking chair, somewhere, to reflect on all those mistakes and try to give an account of them.
Now, the five laws of gold are this, in my own words based on the chapter of course:
- Money will come to those who are wise enough to save it
- Use your money wisely and it will work for you
- Be wise with your money and who you allow to advice you about it.
- Educate yourself and avoid risky investments that will fail by seeking the counsel of those who have more knowledge on such matters.
- Do not be deceived by unrealistic investment schemes formulated by “tricksters and schemers”
These are all things that we need to be aware of. They are things that seems simple but require a level head and a willingness to do the work to achieve a desired result. Now there are some gems dropped in the chapter that I want to highlight below:
- “…there is no chain of disaster that will not come to an end” – This is a reminder that the tide is always changing and it is for us to be ready when they do and make the most of what we can when they change in our favor. This not only goes for money but anything we want to achieve in life – tough times don’t last, tough people do.
I think the second quote I will be using from the chapter answers the question of which is the prize, gold or wisdom.
2. “Without wisdom, gold is quickly lost by those who have it, but with wisdom, gold can be secured by those who have it not.” – my take away is that you don’t need a lot of money or opportunities but you need the wisdom to maneuver either. What is your take away from this piece of wisdom?
The final quote is something that we need to remember from time to time. The race of life is not for the swift but those who can endure till the end.
3. “Wealth that comes quickly goes the same way. Wealth that stayeth to give enjoyment and satisfaction to its owner comes gradually, because it is a child born of knowledge and persistent in purpose” – Anything worth fighting for is never easy but it will be worth it in the end – at least this is what I believe. Some things that you seem to have to struggle for end up being the best thing you will acquire and that is based on my own experience. There is a quote by Amelia Hutchins that I came across that reinforces this idea and it says: “Nothing worth fighting for ever comes easy … If it’s too easy to grasp, then one should never reach for it.”
Now I leave you consider and examine the gem we have unearthed today until next time!