A Cornerstone of Personal Finance

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	• The Richest Man in Babylon George S. Clason Signet, 2002 - 160 pages average customer review:based on 389 reviews view larger image
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highly recommended

Great!

The book came right on time and looks brand new. I am very pleased.
Thank you!

Clasic, classic, classic.

I have read a lot of finance books by a lot of different authors: Bach, Chatzky, Orman, Kiyosaki just to name a few, but the "Richest Man in Babylon" is the simplest, most clear cut. It also has the least ego (thank you Eckhart Tolle). Simple is good in my case. I don't like a lot of fancy words clouding my understanding of finance. Clason repeats what a lot of other finance experts say, but the difference is that Clason said it first. So he wins. And the book is short.

The "Thou"s and "thy"s are a bit silly and annoying, I admit--but you get used to it and after a while--it's fun. The financial basics told thru parables (i.e. bible-esque tales). I read a few parts out loud to my husband and he was cracking up.

Richest Man in Babylon in a Nutshell:

Pay yourself 1st: Save 10% of your income.
Pay your debtors: 20% of your income
Live off 70% of your income.

7 Cures for a lean purse:
1st CURE: Start thy purse to fattening.
Save 10 % of what you earn.

2nd CURE: Control thy expenditures.
Budget your income.

3rd CURE: Make thy gold multiply.
Invest

4th CURE: Guard thy treasures from loss.
Study your investments to reduce risk. Make sure you are FDIC insured.

5th CURE: Make of thy dwelling a profitable investment.
Own your home.

6th CURE: Insure a future income.
Invest for old age.

7th CURE: Increase thy ability to earn.
Acquire education and experience to increase income.

Fave quote: A part of all I earn is mine to keep.

If you loved it: Think and Grow Rich, The Automatic Millionaire

If you hated it: Rich Dad Poor Dad

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A Cornerstone of Personal Finance

If you ever read at least one book on personal finance, this must be it.

richest man in babylon

I am still reading this book. Offers practical
advice about money handling and wise decision
making, as it relates to money. Would HIGHLY
recommend this for young readers or anyone.

reviews: page 1, 2, 3, 4, 5, 6, 7, 8, 9, 10

OVER 2 MILION IN PRINT The success secrets of the Ancients-the most inspiring book on wealth ever written

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