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# THE RICHEST MAN IN BABYLON TAKE AWAYS {3/40}
- URL: https://www.thedraftledger.com/the-richest-man-in-babylon-take-aways-3-40/
- Published: 2026-08-03T20:12:23.000Z
- Updated: 2026-08-03T20:12:23.000Z
- Author: The stash

Entry 003.i

Seek Advice

Don't be afraid to seek advice from people in the position you wish to be in. In an age where we are more connected than ever, access is much more guarded, or so we are told to believe.

Bansir (chariot maker) and Kobbi (musician) see an opportunity to speak with Arkad, the richest man in Babylon. Their aim is to understand his ways. They've heard that Arkad is the man who has cracked the code to recurring income and is vastly wealthy. Wanting to know the code themselves, they seek out Arkad to gain his wisdom, and just as importantly, gather old friends who've had better experiences with their endeavours and situations, so they can all trade knowledge.

Access to certain people is priceless, a wealth of experience is worth its weight in gold. Connecting with someone in the lane you want to be in could massively change your trajectory, the knowledge they give you reveals the common pitfalls that would otherwise cost you, pitfalls only visible to those who've already paid for them.

.rootx1\*

Seek advice and formulate new strategies based on the retrospections of those who have succeeded. It's ok to say you want to understand more before you move. It's ok to wait till the scope and picture are much clearer. Sometimes the only way to make the best moves includes sitting and listening to those who have succeeded before you.

A phone is a great tool to access millions of people, yet we are convinced that access is limited, so we do not try to reach out and establish connection, because of a fear or an imaginary barrier of status which may or may not apply. A simple conversation with the right person can reveal how much of what you believed was misunderstanding, due to working with what was available to you.

Just like Bansir, seek out those who are in the place you want to be, draw from the pool of knowledge they are willing to give. There is a large group of people willing to help, not in money but in knowledge, which could prove much more valuable. Understanding beyond your level gives you greater vision of the platform from a view no one at your level will have. If knowledge is power, they'd have given you a 2x power up, threat detection, and stat allocation all in one.

Entry 003.ii

The Working

I sought advice from a friend in professional football, and what he told me about the inner dealings of contracts shocked me. Clauses with no limit. Players who'd lost entire deals over breaches as simple as a night out past curfew. He walked me through image rights, percentages, all of it legally binding down to the letter, terms most people signing them never fully register.

It made me look at my own understanding plainly. I barely know what my own phone contract entails, let alone anything with real stakes attached, a job, a lease, a deal. But as a business owner, one thing I stand by because of that conversation: read and check every contract, and get a second opinion from the relevant parties involved, especially with third-party manufacturer agreements or overseas manufacturers, where the terms are furthest from anything I'd naturally assume. I now see I only have part of the picture.

Before that conversation, I assumed everyone played fair and that the ways I knew were faultless. Now I understand that the higher you go, the more everything comes down to marginal betterment. The real shock was realising the way I did things was ineffective for that level, which is why it takes so much more to go to the next.

Points of consideration

1. Find someone already inside the room you're about to enter. Not someone adjacent to it, someone who has actually been burned by the exact kind of path you're facing.
2. Speak plainly. You are not interviewing them, you are having a conversation, slowly revealing the misunderstanding you harbour. To make use of their knowledge, you have to reveal your shortcomings.
3. Don't be discouraged if they turn you down. For everyone who protects their knowledge and experience, there is an equal number willing to give it. Some at no extra cost, some with a small mark-up, but if it's worth it, pursue it. You gain a piece of the puzzle before others at your level hear what's coming.
4. Realise you are not above the process. Humility takes you far, those who read character look for this trait in someone seeking advice, not in the person who thinks they already know everything, what is there left to teach them? Listen and absorb. This isn't the time for the words to fall on deaf ears, this is audible gold.
5. Find a way to not be annoying, be smart and calculated, that will get you further. Not everyone likes to be bombarded, some prefer their intrigue piqued. When accessing those with experience, recognise it's not about adding to the things they already do at that level, it's about positioning yourself as a relief, someone they can share things with that they sometimes can't share with those who aren't like-minded.

Adaptation Notes

You don't need a friend in professional sport for this to apply. Anyone further along in a lane you're entering, someone who has experience in the space you're stepping into, can reveal the same category of blind spot. The specific pitfall changes by industry. The underlying lesson doesn't: those who have passed certain points live to tell the tale, and those who hear it fare the seas better than those who don't.

Entry 003 ID No. 6.15.14.20.5 /19 © The Draft Ledger