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The Richest Man in Babylon Paperback – January 1, 2002
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“What can a book written in the 1920s tell modern investors about their finances? A whole lot if it's George Clason's delightful set of parables that explain the basics of money. This is a great gift for a graduate or anyone who seems baffled by the world of finance and a wonderful, refreshing read for even the most experienced investor.”—Los Angeles Times
About the Author
George Samuel Clason was born in Louisiana, Missouri, on November 7th, 1874. He attended the University of Nebraska and served in the United States Army during the Spanish-American War. A successful businessman, he founded the Clason Map Company of Denver, Colorado and published the first road atlas of the United States and Canada. In 1926, he issued the first of a famous series of pamphlets on thrift and financial success, using parables set in ancient Babylon to make each of his points. These were distributed in large quantities by banks and insurance companies and became familiar to millions, the most famous being “The Richest Man in Babylon,” the parable from which the present volume takes its title. These “Babylonian parables” have become a modern inspirational classic.
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Top Customer Reviews
"money" more than 5,000 years ago. The same principles that
applied to earning and accumulating wealth then still work
today. This little book of parables about ancient Babylon
provides a fresh point of view to modern readers that has
worked to inspire probably millions of readers since the
book was first published in the 1930's. Excellent and
practical advice, should be required reading for high school
and college students before they start their first real job.
The next step was finding where to invest the all saved income into something that would allow it to compound over time, which I found in dividend growth stocks.
Followup Book Recommendation: The Single Best Investment by Lowell Miller
While the info contained within this book certainly is no secret, the story spoke to me in a way that nothing else had. Maybe it was the context, language, or the historical time tested theory, I'm not sure but whatever it was, it resonated.
I started reading this book a few years ago in a hotel room on Christmas eve.
Something about the stories, lessons, and history really spoke to me. I made a commitment and the following year saw me get out of the hamster wheel of debt that I'd been running in since I was 18.... And establish a respectable savings.
Some won't appreciate the stories, some may dismiss the lessons as "common sense" (despite the fact that they aren't applying them and are broke.)
Other stories, lessons, formats, may speak better to you.... That's fine.
But for me,
This book along with the millionaire mind are head and shoulders the two books that have made the biggest impact on me.
I enjoyed going through this as I considered my current circumstances and reflected on what could be in my life. I love the ideas of yearning for and holding in mind the goal of freedom and then using the grand key of work to obtain it.
The one thing that worried me was the danger of pursuing wealth for the sake of wealth. I believe that if someone spends their life pursuing wealth, they will find themselves an unhappy and discontented person. Freedom, creation, and happiness are pursuits much more worthy of the abilities inside of us human beings.
"A part of all I earn is mine to keep."
I also (now) habitually test my wants against my needs. My list of wants is never-ending, just like YOU, and it grows every day. But those things we need! - Aye, a very short list indeed. Small things have not increased my life's enjoyment and are quickly forgotten. Video here, $5 coffee there, blue shoes, toy for my boy once a paycheck just because... Small things have been my bane. No more.
I am a single mother. A one-income household and I rent. But, my life has already changed because of this book - and I continue to seek more positive inspiration toward my long term goals, especially for the sake of my one and only son. Not only to provide for him, but to teach him how to think and manage money.
Although this content should prove valuable to all, it's lessons are tailored for the youth or unaware/unsure.
I did not give this book 5 stars despite enjoying the content because it is written using grammatical narration similar to the King James version of the Bible. For many readers this "biblical speak" can be a bit hard to follow. A translated version into modern vernacular would be ideal IMO.