AI Snips
Chapters
Transcript
Episode notes
Arkad's Humble Rise
- Arkad rose from a poor scribe to Babylon's richest man by using opportunities available to everyone.
- He had no inheritance or special skills but learned to use common chances wisely.
Save One Tenth First
- Do save one tenth of every income and spend only nine parts to fatten your purse.
- Make this a lifelong rule so savings accumulate automatically over time.
Expenses Creep With Income
- Necessary expenses expand to match income, causing persistent lean purses.
- Controlling what you call 'necessary' protects savings as income grows.