The Richest Man in Babylon
by George S. Clason
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Book Reviews of The Richest Man in Babylon
Book Review: Timeless Wisdom for Financial Success
Summary: 5 Stars
"The Richest Man in Babylon" along with "The Baron Son" by Vicky Therese Davis are two of my favorite financial parables. While one appreciates "The Baron Son" for its depth, one will also appreciate "The Richest Man in Babylon" for its simplicity.
For those that wish understand how to make money work for them, this is a great financial start.
The book's core principles can be summarized into its 7 Cures for a Lean Purse:
1. Start thy purse to fattening - Save 10 % of your income
2. Control thy expenditures - Budget effectively so that you may have the coins to pay for expenses and worthwhile desires without spending more than 90% of your earnings
3. Make thy gold multiply - invest your savings to build a stream of income
4. Guard thy treasure from loss - Protect yourself from unwise investments and invest only where your money will be safe
5. Make of thy dwelling a profitable investment - It is recommended that every person own their own home
6. Insure a future income - Provide in advance for your needs in old age and the protection of your family
7. Increase thy ability to earn - Through study, become wiser and more skillful so that you will always be in the forefront of progress
Ultimately, this fun guide to financial understanding will show you very simply how to acquire, retain, and grow your earnings. Read it, and learn why millions of others have been inspired to change their spending and investing habits with these ancient secrets of success.
Book Review: A Lean Purse is Easier to Cure than To Endure
Summary: 5 Stars
My title is a maxim that Clason wrote in the inside title page of this book. This is truly my favorite book on how to handle money in your life! Clason uses the language of the King James Version of the Bible (although this book is not at all biblical) to create anecdotes set in ancient Babylon that tell you (the modern-day reader) how to handle your money. The amazing thing is that the advice is not at all outdated. It's right on the mark and shows money knowledge that hardly is taught in school. It's easy to read and understand and highly entertaining. In fact, one of its stories, "The Luckiest Man in Babylon" is almost enough to bring you to tears.
It is shown in this book that when you are in debt, you are a slave to what it is that you agreed to go into debt for and you must pay it off to regain your freedom (are you a five-year slave to a car [or the institution that financed it] like I was?). Look at the state of the nation's economy and you'll see we live in a nation of slaves.
That's why you must get the reverse into action; make money a slave that is working for you.
Many people have heard the popular phrase from this book, "pay yourself first." I highly suggest you read this book first so you can see how you should go about paying yourself first; there is a method to it.
This book is truly a classic and should be required reading for all classes on money or for anyone going into business for oneself. If you're getting into Network Marketing then you've really got to read this book.
Book Review: Powerful principles that can le ad you to financial self-reliance
Summary: 5 Stars
This is the type of education that should be but is not taught in schools. I first heard about this book back in the 1970s when I was involved in my first network marketing company. Fortunately, the people associated with that company taught more than just use the company products and put all of your money into company material.
Many years later, I attended a seminar and met the great Jim Rohn. If you have ever heard Jim Rohn speak, then you know that this is along with Think & Grow Rich one of his must read books, the book his mentor Mr. Earl Schoff told him about and the book that allowed Jim Rohn to become financially independent in only 6 years.
Don't let the size of this book fool you---it is packed with powerful information. It is must reading. This book is the basis of many of the top financial experts from Charles J. Givens who calls it "The 10% solution" through Suze Orman, Dr. Stanley "The Millionaire Next Door" up to David Bach "The Automatic Millionaire." I don't know of anyone who has amassed any real level of wealth without practicing these principles.
It's a small book. An easy read. You can finish it in one evening. But if you use it, you can amass a fortune.
Jim Rohn says he has recommended this book at his seminars, in his books and on his tapes for nearly 40 years and best as he can tell only about 3% actually go out, buy the book and actually read it and apply the techniques. So I SAY TO YOU, BE ONE OF THE 3%!
Great book. Highly recommended.
Book Review: a classic
Summary: 5 Stars
I have a hard time keeping my copy of this book on my bookshelf since I often give my only copy away to a friend or relative. A hundred years from now this book will still be on the best sellers list. The message is simple but the telling of the story is brillant which accounts for its success. The book teaches you how to save with logic lessons that cannot be challenged, just what our youth today need. I also recommend a little book titled How to Make Money in the Stock Market-Buy 2,500 different stocks for $1000 - Pay no Commission. Easy to read packed with precise directions for success. A cookbook for the investor just follow directions. I enjoyed this book a great deal. It shows how indexing and diversification strategies work and why they are so important to investing success. Unlike many other books, this one is not only informative, but also useful. There should be no question as how to implement the author's strategy and measure your progress. He skillfully addresses asset allocation, and shows how to minimize tax consequences by assigning securities to tax deferred accounts. The author does not dwell on lengthy longwinded discussions but cuts to the quick with useful recommendation and directions for the novice and experienced investor as well. I recommend this book for all investors.To find the recommended book just click on the liHow to Make Money in the Stock Market-Buy 2,500 Different Stocks-Pay no CommissionmkBook Review: Timeless classic.
Summary: 5 Stars
I believe the true definition of "timeless classic" means something is just as meaningful and relevant today as it was when it was first created. Such is the case with George Clason's, THE RICHEST MAN IN BABYLON. Originally published in 1926, this book is not only still relevant today, but over the past eighty or so years has spawned many a financial success book. In fact, this is like an early version of Robert Kyosaki's decade old, Rich Dad Poor Dad.
It's even quite possible that this very book may well have been the financial training Kyosaki's rich dad used to create his wealth and became the financial knowledge he passed on. The timing is certainly about right. The lessons are more than similar.
This book is written in the form of a parable as told in ancient Babylon. Clason uses what he thought to have been the proper language of the time, similar to the King James English derived from the translation of Textus Receptus. Herein lies my only knock on this great book. Unless you don't mind wading through all of the "thee", "thou" and "hath nots", the book does become tedious at times.
Nevertheless, it is well worth the effort. There are precious pearls of financial wisdom to be gleaned from these pages. If you want the basic rules of creating wealth that has been proven for millennia, there is no better place to start than with this timeless classic.