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The Richest Man in Babylon Paperback – January 1, 2002
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About the Author
Top Customer Reviews
Mr. Rohn talked about his early mentor, a man named Earl Schoff and went on to tell us how Mr. Schoff turned him on to personal development and pointed him to the right books to read. One of the most important books, said Rohn was The Richest Man in Bablyon.
Rohn had made and lost a fortune but came back and made another fortune and gave credit to the principles in The Richest Man in Bablyon for helping him accomplish that feat.
I read The Richest Man in Bablyon and have to admit, I hated it! I thought it was stupid, like feel good stuff that has no substance. When ever friends came over, I hid the book. I felt so ridiculous.
But Mr. Rohns words of wisdom kept echeoing in my mind. So I read it over and over untill the principles were imbedded into my conscious and subconsious mind.
Soon, after the fifth reading, the the principles became habits for me. My wealth esculated at a very rapid rate. I was no longer wasting money. I was now investing the first 10% of my income, tithing 10% and investing another 10% in capital like no load mutuals, real estate, discounted mortgages, tax liens and my own business.
The Richest Man in Bablyon has 7 basic principles:
1) Start thy purse to fattening - save/invest
2) Control thy expenditures - watch out for self serving brokers
3) Make thy gold mutiply - use powerful investments
4) Guard thy treasures from loss - watch out for brokers with
their hot tips.
5) Make of thy dwelling a profitable investment - rental properties, your own home---but stay within your means.
6) Insure a future income - do work that you love to do.Read more ›
I took the advice of email@example.com who recommended 'The Millionaire next Door" and "More Weath without Risk" and bought and have read both. Both of these books are in the same status as "The Richest Man in Bablyon" and should also be required reading by anyone who is serious about their financial future. I am now giving "Richest Man in Bablyon" as a accessory gift to a cash gift at weddings and graduations.
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.
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
Most Recent Customer Reviews
This is a great book about money and how to become wealthy a very simple and basic way. Save 1/10th of everything you earnPublished 20 hours ago by Alex
If one plans to become a millionaire this book is essential to that acquisition.Really a definite must read for everyone.Published 1 day ago by Terence White
Every person needs to read this book several times, listen to the Audio and follow the advice. I am doing it now! my wealth is increasingPublished 2 days ago by BellaBell
It has some great learning that can be applied even today wisdom is priceless one can achieve path to gloryPublished 4 days ago by Nik
I loved the stories because they were well written and easy to understand. This book is timeless. Full of Amens!Published 7 days ago by Shakedra Alexander
Teaches you a lot regarding life, lending money, investing. Great read just wish it was more to the point.. Worth itPublished 8 days ago by Nikan Sabahi
Definitely changed my perception. the book made me see things from a different angle and work on my finances. Anyone who wants to be successful should readPublished 10 days ago by jabari