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The Richest Man in Babylon Paperback – December 3, 2014
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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. 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 --This text refers to an alternate Paperback edition.
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. --This text refers to an alternate Paperback edition.
Top customer reviews
Richest Man in Babylon is much different. The stories which encapsulate the nuggets are actually very interesting and entertaining. Reading this financially impacting book is both quick and enjoyable. I didn't want to put it down as I was interested to see what truths I would learn but equally as interested in the outcome of our ancient friends from Babylon. I will say that some of the nuggets are repeated throughout the book in the form of different stories. It's as if the author had some really great points on how you need to think about and use your money to gain "gold" (or wealth) and came up with a few stories (and included them in the book) to relay these truths.
If I had understood, practiced and stuck to "Cure #1" "start thy purse to fattening" (which means to retain at least 10% of your esrnings) alone I would be much better off financially than currently. This is merely the beginning and may seem obvious and simple but the book reinforces this point well. And, this is merely the beginning. The power in this book comes from what you do after you follow Cure #1.
I will certainly be giving this book to my kids and will ask them to reread it often as they begin to forge their way financially. It should be mandatory reading in our schools. If you homeschool your kids - make it so!
3 key rules I received :
1- A PART OF ALL YOU EARN IS YOURS TO KEEP. It should not be less than a tenth no matter how little you earn.
2- Seven-tenths of all I earn shall be used to provide a home, clothes to wear, and food to eat, with a bit extra to spend, that our lives be not lacking in pleasure and enjoyment
3- Two-tenths of all I have earned shall be divided honorably and fairly among those who have trusted me and to whom I am indebted