The Richest Man in Babylon
by George S. Clason
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Book Reviews of The Richest Man in Babylon
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: Fundamental Principles Wrapped in Ancient History
Summary: 4 Stars
Books that present an effective common sense approach to financial literacy are always in demand. The Richest Man in Babylon falls into this category as a book whose principles are conventional yet significant.
Save ten percent of your income, constantly analyze and cut your expenses, guard your investments, obtain all necessary insurance; all these principles will appear obvious in nature, but this should not discount the value of the book. The Richest Man in Babylon provides a resounding message tucked within short historical anecdotes intended to ensure this advice takes hold of the reader. Saving ten percent of your income is not an overwhelming concept, yet what percentage of society practices this from early in life? Reading this book will afford the reader a more lasting motivation to begin such plans and to stick with them.
The Richest Man in Babylon alone will not give you wealth, but it will provide you with the financial pillars permitting you to organize your life for acquiring wealth.
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.
Book Review: Best for those who find most money books to be boring
Summary: 4 Stars
The parables in this story are meant to bring some basic principles of financial planning to life through the use of stories, using the wealth of ancient Babylon as a backdrop. The advice itself is all still sound today, which is remarkable, given the book's age.
This would be a wonderful book for anyone who needs to learn some of the basic lessons of earning, saving, and spending money (or needs to be reminded of them!), but doesn't respond well to dry manuals. It's a natural choice for kids who are just starting to discover the pleasures and dangers of money; at that age, books can have a big impact of values!
Don't look to this book to give you advanced financial planning information or directions on how to start a Roth IRA. If you're a financial whiz, you've probably already mastered many of these principles. Still, this book is considered a classic, and if you're not familiar with it, you may want to check it out from the library for a quick read, even if the content won't be new.
Book Review: Simplest Advice from the Richest Man
Summary: 3 Stars
George Clason's Richest Man in Babylon is considered a classic in its field for good reason. This slim volume offers common-sense advice on how to gradually build solid wealth. Clason offers no get-rich-quick schemes or stock market tricks. Instead, he offers solid foundational principles which anyone can follow, such as "Save ten percent of your income" and "Live within your means". While they may seem obvious, far too many people fail to utilize them.
Clason preferred to dispense his advice in the form of parables rather than simple lectures, so this is far more readable than your average investment or personal finance tome. The writing style, which is imitative of "King James English", is a bit corny, but this does not detract from the read. The stories are not exciting, but interesting enough to keep your attention. Most importantly, the principles are valid no matter what age or economy you live in, so the book, despite its age, is a wonderful introduction to the basics of personal finance for anyone.