The Richest Man in Babylon Unknown Binding – January 1, 2001
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A few years after I returned, I remembered his words when we found out he had passed and I bought the book. We had two kids, paycheck to paycheck, and no savings. I read the book and it hit home; hard. Slowly, week-by-week, we started to build savings. Now, we have a good retirement, well off and secure. This book started it off.
Easy to read and understand, timeless message. This book should be required reading for all school kids. It doesn't espouse greed like Think and Grow Rich. It simply teaches that you already have the ability to grow your prosperity from what you already have.
READ THIS BOOK and change your life forever.
It's both taller and wider than my current beat up version but the font they used is soooo small that I couldn't bring myself to make a detailed comparison- unlike the cover and back cover which are huge in comparison. They jammed 160 pages into 88 POORLY!!! I've never sent a book back before, but this one must go back!!!
So get the book, but not this version!!!
Because I was a Christian I believed that I should tithe 10% of my income. I was tithing on my net income, not my gross. In my heart I knew that I should be tithing on my gross iincome. After reading this book, I decided that I should tithe on my gross, but in addition I should tithe (10%) to myself as well. That retirement is what got me through the crash in 2008 and has allowed me to purchase a small retirement property.
Included in this review is a photo of the edition of the book I am writing about.
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.
Top international reviews
1. Saving money and
2. Investing that money intelligently to make more money.
Note that this book doesn't contain any information on how to invest if that is what you are are looking for, it instead focuses on the habits one must cultivate in order to have more control over your finances. The book conveys this via short stories which are packed full of wisdom and are not boring to read through.
Must Read for anyone who just started a job and is clueless about how to handle his finances
150 odd pages, took me about 5 hours to finish it.Go for it, its really a good book unlike all those other books on the same subject that promise to provide a lot but is full of pseudoscience & BS.
The old style English can be slightly off putting but as a KJV reader it was no problem.
It is otherwise easy to read, laid out in short stories and highlights at end to drive home points.
God help me, I will be teaching my children this book. Highly recommended for hard workers like me but with lean purses.
Author shared 3 main principle.
Save 1/10 of your earning
Spend 7/10 on your expenses
Create asset or clear debt with remaining 2/10
I am ranked 6245 in reviews I hope this review will help you. You can complete in a day or two. Author narrAted in a interesting way.
The ‘fables’ style of providing life lessons is such a ‘digestible’ and fun way to learn important life lessons and put yourself on the road to financial freedom.
The ‘5 Laws of Gold’ and ‘7 Cures for a Lean Purse’ are simple but truly effective financial rules that are simple to follow with discipline.
‘Always pay yourself first’ is a fundamental life rule that has personally changed my life.
‘Gold cometh gladly and in increasing quantity to any man who will put by not less that one-tenth (10%) of his earnings’ is another exercise that can change your life once disciplined in performing this every payday.
It’s one thing knowing the techniques, but you must take ACTION to receive the rewards.
Another amazing book.
At it's heart it's all simple advice but it seems to make a lot of sense. I wish I'd read this book 10 years ago and applied some of the concepts, I'd probably be sat on top of a 5 figure savings pot right now, and whilst that wouldn't make me rich - it would make me pretty comfortable!
I would hugely recommend reading The Richest Man in Babylon to anyone with even a slight interest in improving their financial situation. I'll come back and upgrade the rating to five stars when I'm the richest man on my street!
At least 10% of what you earn, is yours to keep.
20% to pay your debts
70% to live on.
Do not shy away from work! But work hard and let your money work for you! Invest wisely. Plan for your future.
I found each parable a little clunky to get into but that probably says more about my reading than Clason's writing. Despite this I found each parable humorous and memorable. I plan to buy this in hard copy as I think it's a must have for my book shelf and I will definitely read it again.
I highly recommend this book to anyone who wants to improve their finances and become wealthier. The book is written in a story format, which really makes it more interesting and easy to digest. It's a short read but the wisdom you will get from it will change your life and last a lifetime.
Not sure if my English vocabulary is not too rich and because of that everything got complicated at some point, but I lost interest really fast after those 2 principles.
Anyways I regret that I had to pay for it.