The Richest Man in Babylon: The most inspiring book on wealth ever written
The Richest Man in Babylon is considered as the greatest of all inspirational works on the subject of thrift, financial planning, and personal wealth. Revealed inside are the secrets to acquiring money, keeping money, and making money earn more money.
Providing financial wisdom through parables, 'The Richest Man in Babylon' was originally a set of pamphlets, written by the
1. Save 10% of everything you make.
2. Be smart not dumb
3. Invest the money you save.
Despite George Clason's (the author) best, somewhat self serving, intentions ...more
I read it. Did it change my life? Yes, in a manner of speaking.
There are many of out there who desperately want to learn the basics of handling money. But, pick up the latest drudgery from your local bookstore on the subject, and you'll find yourself wading through terms and calculations that may as well be a foreign language.
The Richest Man in Babylon takes a different approach. It puts ...more
The book starts with a parable where Bansir wants to become wealthy and ...more
Translation, if you want to have money, learn to discipline yourself now and not later. Studies show that most lottery winners are bankrupt within a few years and mostly because they lacked self discipline. Therefore, the problem is not the lack o ...more
Nonfiction + Business
I picked up this one because I heard many good things about it. I might be a bit late because I feel the majority of the points and lessons discussed by this book are very familiar to me. I found it very interesting to see this book reads more like a fiction. I feel this is good for someone who wants to read and know about all the basics in finance and economics in a simple easy way. One of the main tips that the author insisted on is saving 10% of what ...more
This book however takes the form of stories from Babylonian citizens each touching on an aspect of personal finance (save 10% of your earnings, don’t rent but rather own property and invest your money wisely so it may grow etc etc)
None of this is new to me however sometimes you need a reminder to jolt you out of bad financial habits.
I can highly recommend this and will be buying it a ...more
A book review of “The Richest Man in Babylon” by George S. Clason
Have you heard about The Richest Man in Babylon, by George S. Clason first published in 1926, it’s a story that maybe you should read? When I first read this story I was just a young boy, but it still fascinates me now.
My grandfather had given a copy to me to read, and after I finished reading it, I can remember him asking me what I had learnt. I can also remember what I said in repl ...more
There’s nothing groundbreaking here, but that doesn’t lessen the value of the simple financial basics: pay yourself first (at least 10%), live on less than you earn, get advice from financially competent people, and put your money to work through cautious investing.
The book recommends ...more
George S. Clason published a series of pamphlets beginning in 1926 with financial advice couched in Babylonian parables, which were later combined in book form and given the title, The Richest Man in Babylon. Very basic advice and somewhat dated and repetitious, but I can't help thinking that these 'rules' he put forth should be taught in schools as good advice for beginner's handling money.
Our financial advisor gave us two copies of this slim book for our daughters ...more
1. Start thy purse to fattening
2. Control thy expenditures
3. Make thy gold multiply
4. Guard thy treasures from loss
5. Make of thy dwelling a profitable investment
6. Insure a future income
7. Increase thy ability to earn
Average American spends $ 1.22 for every dollar they make (Parker). For all the indebted people Clason (108) writes that you should save ...more
There are several principles being suggested on the book regarding a wealthy path wrapped in story telling of wise men of that time.
Another interesting thing for me as someone who's native tongue is not english was an old form of the English that was being used long long ago.
I really enjoyed the book and would recommend to anyone who is determined to form her/his thoughts around shooting for ...more
The language is biblical yet so easy to understand. Excellent read.
The Richest Man In Babylon by George Clason was originally written in 1926. Through the narratives of Bansir, and his broke musician friend, we can see the standard folk who try to figure out how to get out of debt, the salary slavery and to finally attain wealth. Clason also uses the narrative of the richest man in Babylon Arkad who was initially poor but later learnt h ...more
This classic poetic map, helping us to discover and reap the treasure of finances, teaches through tales one can only imagine to be too idealistic to be true at the face of it. Cardinal rules, conjured even before the birth of Christ, will take you through the world of trade, money and gold in ever so entertaining ways beyond one's wildest imaginations.
The rules have stood the test of time as it has been documented at the end of the book that how the ...more
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During his eighty two years he was a soldier, businessman and writer. He served in the United States Army during the Spanish-American War.
Clason started two companies, the Clason Map Company of Denver Colorado and the Clason Publishing Company. The Clason Map Com ...more