FINANCEMonths to result

The Seventh Cure for a Lean Purse

Increase thy ability to earn

Problem it solves

poor financial decisions

Best for

Individuals seeking to increase their earning potential

Not ideal for

Those who are not willing to take on new challenges and learn new skills

Overview

Why this framework exists

This framework emphasizes the importance of increasing one's ability to earn by developing new skills and taking on new challenges. It highlights the need to be mindful of one's desires and to focus on making progress towards specific, measurable, and achievable goals.

Core principles

3 total
  1. Increase thy ability to earn by developing new skills and taking on new challenges.
  2. Be mindful of thy desires and focus on making progress towards specific, measurable, and achievable goals.
  3. Seek out new opportunities and be willing to take calculated risks.

Steps

4 steps
  1. Assess thy current skills and abilities
    Take stock of thy current skills and abilities to determine areas for improvement.
    Pro tipConsider seeking the advice of a mentor or coach to help thee identify areas for improvement.
    WarningBe cautious of being too self-critical and focus on making progress towards specific, measurable, and achievable goals.
  2. Set clear goals for increasing thy ability to earn
    Determine what thee want to achieve through increasing thy ability to earn, such as a specific salary or income level.
    Pro tipConsider setting specific, measurable, and achievable goals.
    WarningBe aware of the potential obstacles and challenges that may arise and be prepared to overcome them.
  3. Seek out new opportunities and be willing to take calculated risks
    Look for new opportunities to increase thy ability to earn, such as taking on a new project or pursuing additional education or training.
    Pro tipConsider seeking the advice of a mentor or coach to help thee identify new opportunities and develop a plan to pursue them.
    WarningBe cautious of taking on too much risk and be mindful of the potential consequences of failure.
  4. Monitor and adjust thy progress
    Regularly review thy progress towards increasing thy ability to earn and make adjustments as needed.
    Pro tipConsider seeking the advice of a mentor or coach to help thee monitor and adjust thy progress.
    WarningBe aware of the potential obstacles and challenges that may arise and be prepared to overcome them.

Checklist

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Examples

2 cases
Arkad's investment in himself

Arkad invested in himself by developing new skills and taking on new challenges, and increased his ability to earn.

OutcomeArkad's investment in himself demonstrated the power of increasing one's ability to earn and the importance of taking a proactive approach to personal growth and development.
The sandal maker's regular deposits

A sandal maker named Ansan deposited two pieces of silver with a money lender each week for eight years and earned a significant amount of interest.

OutcomeAnsan's regular deposits and the money lender's interest earned him a substantial sum of money, demonstrating the power of consistent investing and the importance of increasing one's ability to earn.

Common mistakes

3 traps
Failing to assess thy current skills and abilities
Failing to assess thy current skills and abilities can lead to a lack of focus and direction in increasing thy ability to earn.
Setting unrealistic goals
Setting unrealistic goals can lead to disappointment and frustration, and can undermine thy motivation to increase thy ability to earn.
Failing to seek out new opportunities
Failing to seek out new opportunities can lead to stagnation and a lack of progress in increasing thy ability to earn.

Origin story

How this framework came to be

The Seventh Cure for a Lean Purse was taught by Arkad, a wealthy merchant in Babylon, to his students. He shared his own experiences and the lessons he learned from them, including the importance of increasing one's ability to earn.

Source

Traced to primary
Source · BOOK
The Richest Man in Babylon: George S. Clason International Bestseller Book ‘The Richest Man in Babylon’ for How to Gr...
George S. Clason · 2020
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