75 of 76 people found the following review helpful:
2.0 out of 5 stars
The older version was better., August 20, 2007
This review is from: The Richest Man in Babylon: Now Revised and Updated for the 21st Century (Hardcover)
I read the Revised version (1995) and really enjoyed that. I purchased the 21st Century edition and was really disappointed. Some key ideas that I thought were very important like "don't get so consumed with acquiring wealth that you forget to enjoy life" were taken out of this edition. Also an entire chapter was removed that taught the importance of hard work. Not only that but the layout of book is much less aesthetically pleasing, making it more difficult to read. So I wouldn't buy this edition. I highly recommend the revised edition (yellow cover).
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36 of 36 people found the following review helpful:
5.0 out of 5 stars
Classic, classic, classic, April 23, 2008
This review is from: The Richest Man in Babylon: Now Revised and Updated for the 21st Century (Hardcover)
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
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14 of 15 people found the following review helpful:
5.0 out of 5 stars
ONCE YOU HAVE READ THE BIBLE, THIS IS NEXT, May 26, 2007
This review is from: The Richest Man in Babylon: Now Revised and Updated for the 21st Century (Hardcover)
How do you place a price on brilliance? This short read is outstanding and I would recommend it to anyone including every junior or senior high school student in the United States. More books like this one and all of the Og Mandino books or any of the Napolean Hill books. And, let's not forget W. Clement Stone books.
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