The Richest Man in Babylon by George S. Clason
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Book Reviews of The Richest Man in Babylon
Book Review: Enduring parables about how to become wealthy
Summary: 5 Stars
During the late 1920s, writer and entrepreneur George S. Clason created a series of simple parables about the supposed financial "secrets of the ancients." He compiled these tales, set in Babylon some 8,000 years ago, into an entertaining yet instructive book on becoming wealthy. In the 1930s, during the worst of the Great Depression, and for decades after, readers embraced Clason's engrossing, elegant little page-turner. They learned of wise Arkad, the richest man in Babylon; of Dabasir, the slave who became a wealthy camel trader; and of Sharru Nada, the rich man who learned about working hard when he was just a youth. Each universal parable teaches invaluable lessons about wealth, how to attain it, nurture it, protect it and sustain it. These stories also convey worthwhile lessons about life. getAbstract understands why Clason's magical little book has become such an enduring classic. If you read it, you will find that you can put its simple yet sensible lessons to work. Clason calls these lessons the "wisdom of the ages" and the "fixed stars that shine." His common sense advice about wealth can make you rich in more than money.Book Review: All the financial planning you'll ever need
Summary: 5 Stars
Someone tried to GIVE me this book when I was 13 years old. Sadly, I didn't have the sense to see how valuable this book was. It would be another 12 years before I finally sat down to read it. It drives me nuts to this day that I wasted those 12 years.This book introduced me to the concept of "pay yourself first." Thanks to George Clason, I now realize that getting rich isn't a matter of how much you make--it's all about how much you keep.
Babylon's basic premise is to save no less than 10% of every dollar you make; and not only save it, but put it to work. Do that consistently and continually, and you can't help but get wealthy. Why work like a dog only to hand over your paycheck to the landlord, the grocery store, the credit cards, etc? Much better to keep the 10% and have something to show for your effort. Once you accumulate enough, the money does all the work.
Not sure this is for you? Go ahead then--keep living paycheck to paycheck. We'll see who comes out ahead. As one of Clason's characters puts it: "hast thou the soul of a free man? or that of a slave?"
Book Review: Simple, but powerful financial lessons in a fun format
Summary: 5 Stars
The Richest Man in Babylon teaches sound financial habits that outline how you can start becoming wealthy solely on money you already earn.
The book is broken into chapters, each told in a parable format that takes place in ancient Babylon to explain a certain area of personal finances (investing, savings, insurance against loss, etc). What's most clear is that these "ancient" financial secrets are actually applicable to people today, regardless of the advances in communications and technology. The idea is that sound personal finances are goverened by rules that are everlasting.
On a side note, there is no real suggestion of the types of investments that one should make. If you're looking for a book on how to invest in stocks or mutual funds - this isn't it. Rather, it is an overall plan for success that you can custom-tailor to your situation.
All in all, this book is fantastic, and at under $7, is something that even the most cash-strapped pauper can afford, and start on the way to a better financial future.
Book Review: This knowledge is Golden and Timeless
Summary: 5 Stars
This book is so beautiful in its simplicity. It provides the quintessential, capitalistic concept that the majority seem to miss- on saving and investing. This book is not the in-depth 21st century read about investing wisely in today's markets, rather it is the all time read to acquiring and investing your wealth. It shows how everyone, even a lowly trashman can one day retire comfortably as long as he learns the "ways of money". It provides the basic concepts and you apply your current scenarios. Every time, without fail, you will come up with one thing: how to build your wealth. This is the TRIED AND TRUE method to increasing your worth. This IS NOT the get rich quick book you might be expecting. This book teaches you how to save, make your money work for you and in general how to be a lord of your wealth (or wise in the ways of money), as opposed to your money ruling you. Timeless and priceless knowledge that every single person not living under totalitarian or communistic rule should know so that they can seek their own financial freedom.Book Review: Start to Fatten thy Purse
Summary: 5 Stars
I was introduced to this book by a friend, bought a copy and put it down for a year. It sounded strange that a book about ancient culture of Babylon has something to say about making money. Furthermore, the back of the book purports that it is written in easy to read Biblical style language. I never found the Bible to be exactly an easy read. Nonetheless, one day I decided to read it. I was really impressed to the point of inspired! Such logical and practical sense in how to make money without first losing your shirt. In fact, you not only get to keep your shirt, but also provide shelter, clothing and food for your family on top of it! It is not worth writing the formulas or ideas in this review because it would only lose the impact. Read it so the wisdom is in it's proper context.
A great book, "The Richest Man in Babylon", written sometime in the early 40's, I think, continues to be an excellent resource in making money. I highly reccomend this book to anyone who is having trouble saving extra for the future.