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The Richest Man in Babylon
George S. Clason
Signet
, 2002 - 160 pages
average customer review:
based on 397 reviews
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highly recommended
Shouldn't this be in your libray?
This is a parable about how a poor
babylonian became
so wealthy the king asked him to tell his story and help others with saving for the future. This is purly a commonsence appoach to the age old question of how to become wealthy. The book stresses saving; reduction of expences; protection from future loss. The solutions are definate not for some one to get rich quickly as these rules are to sustain us the rest os our lives.
The book give us the seven rules of money aquistion as its montra. They are;
1. Start thy purse to fattening= work
2. Control thy expenditures= reducing expences
3. Make Gold Mulitply= investing and saving
4. guard thy treasure from loss= understanding the risks to your
investments
5. Insure for the future= Insurance needs
6. Make thy dewelling a profitable investment= increase the value of
you home.
7. Increase your ability to earn= look for opportunies where they lay.
George Clason achieves this by telling stories which seem simple, but are quite powefull if you can grasp the concepts. You will learn;
1. The seve cures for a lean Purse
2. The five laws of gold
3. What does luck have to do with being wealthy
This is recomende to people wwho want to learn about getting wealthy with out dry charts, boring examples or bad advice.
This is a great book on personal finances you will need in your journey toward wealth. This is a must own book for all who want to be wealthy.
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one of the best books on saving and investing !
The
Richest
Man
in
Babylon
: Now Revised and Updated for the 21st Century
This is one of the best books on saving and investing that I ever read.
It will teach you how you money can work for you.
The only problem with this edition is the old english that I don't like it,
So I recommend The Richest Man in Babylon: Now Revised and Updated for the 21st Century
The Richest Man in Babylon: Now Revised and Updated for the 21st Century
and if you want to teach these teachings to your childrens I recommend
The Richest Man in Babylon - Illustrated
The Richest Man in Babylon - Illustrated
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This is about financial freedom, not getting rich
I was amused by some of the 1-star reviews. You should take a look at them to get an idea of how clueless most people are about personal finance in this country. I can look around me and see that the ideas in this book are universally acknowledged to be common sense. But as I look around me, few, if any, of my relatives, friends, co-workers, and neighbors are applying them. I see credit card debt, houses bought for idiotic prices with nitwit mortgages, new cars replacing other new cars, closets so full of clothes the racks come crashing down, crushing monthly fees for cable, cell-phones, and internet services that are ultimately just a lot of empty distraction. In short, I'm surrounded by 1-star reviewers. This book is not about getting rich like Bill Gates or Donald Trump. It's about achieving financial freedom. What would you rather have -- a new cell phone ring-tone or an investment account that lets you retire at 50? That's your choice in life -- repeated every day of the week.
Richest
Man
in
Babylon
is an allegorical rendering of the basic principles of sound personal finance. The ideas in it, yes, are common sense. But you could say the same thing about Poor Richard's Almanac or books in the Bible like Ecclesiastes and Proverbs. However, to paraphrase Warren Buffett, "it's simple, but not easy" to get rich. The trick is self-discipline.
To keep our focus on what we know is right we sometimes need a pep talk, and this is a good one. I give it 4-stars.
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Simple and true
A quick, easy read, The
Richest
Man
in
Babylon explains
in plain and simple parables how to accumulate wealth - "accumulate" being the operative word here, meaning it takes time and planning. There are no magic secrets here. The cynic will read it and say, well of course - save and invest - I could have written that! But this book puts those principles into perspective for us, showing that wealth is not a product of luck but one of choice, that anyone can achieve with discipline and by living within their means.
"Gold is reserved for those who know its laws and abide by them."
The
Richest
Man
in
Babylon
is an older book written by George Clason around 1926. To give you a real idea of the age of the book, its author served in the Spanish-American War (that was in 1898 for those of you wondering). The book is not written as one constant story; instead it is a collection of parables the author wrote over a period of time, all assembled into one collection. Each parable has a theme to it, such as seven cures for a lean purse and the five laws of gold.
The writing style is unique. Most of the story is told through character dialogue, in a language that I can only describe as Shakespeare without the rhyme. You will see the words "thou" and "thy" frequently throughout the book. It took me a few pages to get used to the style, but after that I hardly noticed it.
What I like most about this book is the length. My copy is only 155 pages, but those pages cover most of the major personal finance lessons with easy to understand stories that still manage to get the message across.
The Seven Cures for a Lean Purse is the first lesson. The 7 steps to accumulating money (in my own words):
1. Pay yourself first
2. Spend less than you make
3. Take advantage of compound interest
4. Exercise risk management and don't lose money
5. Own your own home
6. Create passive income so eventually you can stop working
7. Improve your ability to earn more money
The rest of book continues to build on these 7 ideas, as well as add a few new ones.
Recommendation:
If you are looking for a short but great lesson on personal finance this is the book to go too. The lessons in this book are timeless, and since it's such a quick read it's definitely worth a look. If you're just getting started on learning the basics of personal finance this is a great place to start.
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