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The Richest Man In Babylon

The Richest Man In Babylon


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This book holds the secrets to acquiring money, keeping money, and making money earn more money.

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I bought these as gifts for high school graduates. If you follow the plan it works every time!

Sometimes we just need a reminder...

...of the blindingly obvious. Amidst the complexities of adult life it can be hard to see the wood for the trees and get a grip on your attitudes to money and financial planning. Clason uses his faux-Biblical parables to set down some very simple guidelines for financial health. 'The Seven Cures for a Lean Purse' are worth the entry fee alone. Spend less than you earn. I'll be using this with kids that I teach and if I'm really brave I will get a grip on the bank accounts. Well worth a read.

Classic, 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

Powerful and timeless

I am still amazed that such a tiny book can deliver so much powerful and timeless information. The Richest Man in Bablyon contains the secrets of the ages and is a must read book for anyone who wants financial success.It should be read and reread, over and over.

Don't judge this book by it's size

When I first was introduced to The Richest Man in Bablyon, I was initially taken back by it's small size and wierd story. In fact, I didn't see any benefit to wasting my time with this, what appeared to be, novel by Mr. Clason.I was at a free enterprise seminar that day where the book was being offered. At the seminar I met a very interesting individual who was touting the merits of this book. He told me that this book, The Richest Man in Bablyon was a must read for anyone who wants financial success and peace of mind.He talked about tithing. I didn't understand tithing at that time. I felt that I was the one who needed to recieve money, not give it. This man told me that the more I gave away, the more that would return to me. Try it, he said.So I tried it--tithing. I increased my contributions to my churchand I came across a girl scout selling girl scout cookies. Normally I would have refused this young lady, this time I didn't. I also began investing the first 10% of my income and paid myself first. What happened.At first nothing. But shortly afterwards opportunities started to come to me. I went from deeply in debt to out of debt. I went from a 4 year old Ford Pinto to a new Mercury Monarch. I increased my tithings. 3 months later my business had grown even more and now I was driving a Lincoln Mark V (this was in 1977)The principles in this book work. Don't let the size of this book fool you. Great book that really works--if you use it.

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