The Richest Man in Babylon by George S. Clason
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Book Reviews of The Richest Man in Babylon
Book Review: A supersimple guide to financial success!
Summary: 5 Stars
When I asked a millionaire lawyer how he was able to attain his wealth, he recommended me this book, telling me that it had the greatest influence on him of any such book. Naturally, I had to check it out!
This book was written in the 1920s, but is as relevant now as it was then - and prior to that time, as well. It is written in an allegorical format, making it much easier for the reader to understand, relate, and put into effect the ideas described in this book. If there are two major ideas to be learned from this book, they are, "pay yourself first" and "invest your money and your money's money." It does sound like common sense, but you will be amazed how few individuals actually practice them.
Even aside from the financial lessons contained herein, the stories are rather entertaining. I would wholeheartedly recommend this book to anyone, either as a gift or for one's own benefit. This is one investment you cannot afford to forego!
Book Review: Simple and powerful
Summary: 5 Stars
This book is very simple. If what is told here "clicks" with you, your life will turn around. I've seen it happen.
If you're having a hard time managing money, read this book. It's old, it's proven, it's removed from all the hype of today's financial gurus.
My only issue is with owning real estate in the times this review is being written. It's not always smart unless you have a large down payment, at least 20%, and unless you get a great deal.
Otherwise better to rent, live in your car/RV/van, live out in the country, or find free rent or negative rent opportunities. Or a combination of those.
Free rent would be something like house sitting and negative rent would be a situation in which you are paid money to be a resident.
With the money saved you could buy real estate at a time when it makes more sense than it does in current days.
Jerry Katz
Book Review: A Rich Book
Summary: 5 Stars
I love this book for several reasons. Firstly, because it deals with problems that still plague a large majority of the population, the lack of savings. And it offers simple and practical advice as a remedy.
I love the language used in this book. It sounds old, even biblical, and it gives an authentic feel to the stories told.
Most of all, I love the way it presents history. Most of what we learn about Babylon comes from the Bible or Herodotus - and most of what is written is of wars and mad kings. Here is an everyday Babylon; and it is easy to see the reason why it came into existence in the first place. It is a place of trade and commerce - a small oasis of peace in the ancient world.
Truly unique - this book is a gem! Buy it and read it over and over again, as I have! Then buy few more for your closest friends - they make great Birthday gifts.
Book Review: simple, smart and straightforward
Summary: 5 Stars
The Richest Man in Babylon is a series of stories set in the ancient city of Babylon, where people of extreme wealth and extreme poverty existed side by side. The reader is a "fly on the wall" as those who seek wealth ask the advice of those who have learned how to generate it.George S. Clason has taken several simple money management principles and wrapped them in colorful stories of an ancient culture, which reminds us that financial struggles and the principles of how to escape them are timeless. This book has travelled the years well because the dialogue is already that of another time. The author has cleverly devised a way to show how these principles also apply today.
This book will give you a solid foundation for how to handle your money and get it working for you.
Larry Hehn, Author of Get the Prize: Nine Keys for a Life of Victory
Book Review: Classic
Summary: 5 Stars
This is THE classic book on creating personal wealth.
Clason uses the parable of a young man in biblical times who desires to rise from is servant's wage and achieve financial independence. He approaches an older, successful man, and asks for advice. The hero is a bit thick headed, and learns everything the hard way, but eventually he learns and achieves wealth.
Clason's advice is simple: Save at least 10% of all you earn. Use this money to invest in things you understand and can control. Never spend your capital, which must be used for further investing. Live on the income your investments create.
This is a book you can read over and over.
You may also want to read "Think and Grow Rich" by Napoleon Hill and "The 17 Principles of Creating Wealth" by Phillip Collinsworth.