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The Richest Man in Babylon Paperback – January 1, 2002

4.7 out of 5 stars 2,129 customer reviews

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Editorial Reviews

Review

"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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Product Details

  • Paperback: 144 pages
  • Publisher: Signet; Reprint edition (January 1, 2002)
  • Language: English
  • ISBN-10: 0451205367
  • ISBN-13: 978-0451205360
  • Product Dimensions: 4.2 x 0.6 x 7.5 inches
  • Shipping Weight: 0.3 ounces (View shipping rates and policies)
  • Average Customer Review: 4.7 out of 5 stars  See all reviews (2,129 customer reviews)
  • Amazon Best Sellers Rank: #1,050 in Books (See Top 100 in Books)

Customer Reviews

Top Customer Reviews

Format: Paperback
I first heard about this book 17 years ago. At that time, I was in a direct sales company and had the good fortune to attend a seminar conducted by a businessman named Jim Rohn.
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 ›
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By A Customer on August 1, 1998
Format: Mass Market Paperback
I am continually amazed at how a book so small can contain so much content and be so powerful. This book should be mandatory reading beginning at the grade school level through college and should be given as a gift right along with a diploma.
I took the advice of acde1034@yahoo.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.
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Verified Purchase
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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Format: Paperback
I have to chucle when people say that outstanding books like this one by George Clayson are just "good old fashioned common sense" and are complaining because of the books brevity. You missed the whole point!Common sense is not necessarily common knowledge.I used to work for a millionaire who credited the principles in this book for helpin create his fortune which was in the hundreds of millions of dollars. Save a dime out of every dollar. That is all it takes to start your fortune. But how many actually will do it?
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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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