The wealthiest civilization in the ancient world was Babylon. Babylon was famous for its fortune because its people as well as its king were rich, enjoying a level of personal wealth beyond our current day comprehension. The poor Babylonian was the exception, because knowledge of the laws of prosperity was available to everyone. These laws were very simple and they are just as true today as they were thousands of years ago.
Any financial planner will tell you that the path to personal wealth is regular saving and sharing, controlling expenses, living debt-free, increasing prosperity through wise and sound investments, buying and owning real estate, establishing a stable income for retirement, and increasing the ability to earn money through perseverance. These were the very same Babylonian secrets for achieving personal wealth.
Somewhere along the way, we have strayed far from these ancient laws and instead fallen into the “laws of materialism” which is why we are struggling through these current difficult times. For decades, we have been tempted and encouraged through financial institutions, the media, and peer pressure to spend more than we earn, enjoy immediate gratification and satisfy our selfish natures. We are now paying the price.
During the late 1920’s and the Depression years of the 1930’s, many banks and large insusrance companies distributed free pamphlets explaining the ancient Babylonian laws of thrift and personal wealth. Always, the purchase of property was a significant factor in acquiring wealth, and it still is today.
The laws of prosperity have never changed. It is our attitudes that did. But we can get back to the basics and recondition ourselves that abundance must occur in our minds before it can manifest itself in our lives. Savings accounts, wise investments and owning property are still the strongest “laws” for future prosperity. Following these laws will assure that we continue to prosper in a flourishing real estate market.