The Richest Man in Babylon Mass Market Paperback – 31 Jan 1997
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I first read The Richest Man in Babylon many years ago. Its philosophy worked for me then, and it will work now for anyone with the good sense to stick to it. I think it ought to be read by every young man or woman with ambition to make something of life. Van Allen Bradley, Chicago Daily News
"[Clason's] 1926 personal finance classic." The Independent (UK)
"Recently, several readers asked me for recommendations on books that introduce teenagers and even pre-teens to investing... My favorite, and one that I always mention, is The Richest Man in Babylon. Though published nearly 90 years ago, the financial advice dispensed by author George S.Clasonwill always be relevant to a new generation of readers. Set in ancient Babylon, the characters learn simple lessons about money and investing throughout the collection of short stories." Steve Rosen, Chicago Tribune
"Full of time-tested advice on saving and investing." Michelle Singletary, The Washington Post"
-I first read The Richest Man in Babylon many years ago. Its philosophy worked for me then, and it will work now for anyone with the good sense to stick to it. I think it ought to be read by every young man or woman with ambition to make something of life.---Van Allen Bradley, Chicago Daily News
-[Clason's] 1926 personal finance classic.---The Independent (UK)
-Recently, several readers asked me for recommendations on books that introduce teenagers--and even pre-teens--to investing... My favorite, and one that I always mention, is The Richest Man in Babylon. Though published nearly 90 years ago, the financial advice dispensed by author George S. Clason will always be relevant to a new generation of readers. Set in ancient Babylon, the characters learn simple lessons about money and investing throughout the collection of short stories.---Steve Rosen, Chicago Tribune
-Full of time-tested advice on saving and investing.---Michelle Singletary, The Washington Post
"I first read The Richest Man in Babylon many years ago. Its philosophy worked for me then, and it will work now for anyone with the good sense to stick to it. I think it ought to be read by every young man or woman with ambition to make something of life."--Van Allen Bradley, Chicago Daily News
About the Author
George Samuel Clason was born in Louisiana, Missouri on November 7, 1874 and lived to the ripe old age of 82. George Clason is best known for writing a series of informational pamphlets about being thrifty and how to achieve financial success. He started writing the pamphlets in 1926, using parables that were set in ancient Babylon. Banks and insurance companies began to distribute the parables and the most famous ones were compiled into the book The Richest Man in Babylon. It is this book which has etched the name of George S Clason into the history books and has provided generations of readers not just an inspirational classic for reading pleasure but sound practical principles of financial discipline. This is the most famous of his treasured works. --This text refers to an out of print or unavailable edition of this title.
Top customer reviews
My financial literacy dervies completely from this book. There is a new updated version of this book however I had no difficulty reading this version despite some of the language being archaic.
The book teaches many principles on managing money through the telling of stories/parables. Not only is the advice excellent but the stories are really interesting too.
One of the main themes of the book is that 'a part of all you earn is yours to keep.' This essentially means saving and as a general rule of thumb it recommends using 70% of your income for living expenses, 20% to pay debts and 10% to save. It sounds blindingly obvious but it's sound advice which I have spent a lifetime neglecting to use, spending all my money straight away on consumable items that don't provide any sort of return for my investment.
If you are already financially literate then I doubt you will learn anything new from this book but nevertheless it is still a great read. If like me, you never seem to have any money in the bank account, then this book will be a huge wake up call and will help you to realise the errors of your ways.
As soon as I start full time work next year following completion of a post-graduate course, I intend to start using the principles the book has taught me straight away.
There is no basic premise to this book. The only words that I can find to define what it is, is that it is a foundation stone, upon which you can and will build a great financial future if you adhere to the advice.
This book is a philosophical/practical guide to wealth creation. The book in a sense tells a story. Interwoven into this story are anecdotes, which contain messages. Within the messages are real meanings that when applied to your life and wealth, will create profound change.
I would have to disagree, with some people who say that this is the only book you will ever have to read, on the subject of money. I would recommend that you also read; The Science of Getting Rich by Wallace D Wattles, Born Rich Bob Proctor, Financial Peace by Dave Ramsay..if in debt & Psycho Cybernetics by Maxwell Maltz, as wealth creation will also need new subconscious thinking. With these books, you will create a financial fortress, that will amaze you. I guarantee it.
This book is a brilliant synopsis of timeless ideas, that is a must read for anyone who has set a goal of financial independence. It is both a practical, spiritual and philosophical guide to wealth creation. It should be read in conjunction with the other recommended books. If it is, it will change your financial future forever. Brilliant.
At least 10% of what you earn, is yours to keep.
20% to pay your debts
70% to live on.
Do not shy away from work! But work hard and let your money work for you! Invest wisely. Plan for your future.
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