Monday, 14 March 2011

Ancient teachings that still apply today
(Part 3 of 6)

[2] Devote your efforts only to feasible projects. There are more good ideas around that there is capital to fund them. Although the economy of Ancient Rome experienced sustained growth in the second century C.E., writings from that period show that it was not easy to obtain a loan.

Contemporary financial institutions are thousands of times more efficient than the modest mortgage markets of Ancient Rome, but the number of individuals looking to borrow money has also grown exponentially.

At any given time, there are always many more people in the world willing to borrow money than there are funds available. Do not waste your energy on projects that have no real chance of obtaining financial backing. Focus only on workable ventures.

To be continued in the next post.


[Image by firmatography under Creative Commons Attribution License. See the license terms under]

No comments:

Post a comment

Note: only a member of this blog may post a comment.