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By siliconindia  |  Monday, 26 April 2021, 10:16 Hrs In his classic book, The Richest Man in Babylon, a slim volume of fiction designed to illustrate the value of personal finance principles, George S. Clason writes a series of parables narrated by Arkad, a poor scribe in ancient Babylon who rose from rags to riches. While the book offers many gems of wisdom on how to grow wealth, Arkad’s advice in the Five Laws of Gold, a parable on how to invest, is particularly relevant for young entrepreneurs. In that parable, Arkad suggests two fundamental clues to wealth creation. First, we should use our money to make money by finding a good investment rather than simply relying on our limited reserves of time and effort to make money. Second, when we receive a return on our investment, we should keep reinvesting our profits to multiply our money.

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