Introduction
The Riches Man in Babylon book by George Samuel Clason, published in 2020, explores Babylonian millionaires’ stories. Babylon, an ancient city on the lower Euphrates in southern Mesopotamia, showcases man’s ability to achieve great goals. Despite lacking natural resources and trade routes, it remained a treasure trove of gold and jewels. This article provides an honest review of book The Richest Man in Babylon. Clason, born in Louisiana, Missouri, on Nov 7, 1874, founded Clason Map Company in Denver and launched a famous pamphlet series on thrift and financial success, using Babylonian parables to illustrate his points.
Key points of the book
- The book has 11 chapters across 128 pages, making it a quick read.
- This covers wealth-building and becoming rich. Notable books include Money Wise, Think and Grow Rich, Rich Dad Poor Dad, Let’s Talk Money and The Psychology of Money.
- One of the book’s best quotes: “If we’ve gained only a bare existence since youth, it’s because we’ve either failed to learn wealth-building laws or haven’t followed them.”
- This book’s examples reflect an era when investments were limited to horses, land, cattle, copper, silver, and gold. Today, many more options exist for building wealth.
- The book uses archaic words like “thou,” “thee,” “thy,” and “dost,” which may be frustrating. Simpler English makes it easier to understand unless one knows such language.
- A key lesson: “Pay yourself first.” Always set aside 10% of your income—regardless of its size—and invest it for your future when earning is no longer possible.
- This book teaches the Seven Cures for a Lean Purse—seven wealth-building laws.
- Start your purse to fattening => Pay yourself 10% of your income for future
- Control your expenditures => Budget your expenses
- Make your gold (money) multiply => Let the money to create more money
- Guard your treasure from loss => Do not risk your saving. Avoid losses.
- Make of your dwelling a profitable investment => Own your own home
- Insure a future income => Invest to guarantee income in future
- Increase your ability to earn => Cultivate your own power, study, learn skill to earn more
- The book explains opportunity and procrastination well, helping you recognize chances before they vanish. Procrastination is our greatest enemy.
- The book presents the Five Laws of Gold—fundamental rules for wealth.
- The book shares inspiring stories with meaningful outcomes, helping us break free from limiting thoughts.
Conclusion
If new to wealth books, this may be engaging; otherwise, it might feel disconnected. Many other great books exist on money and wealth—consider exploring them first. You could purchase this book on amazon.
Disclaimer: I express my own views in this article after reading the book, without intending to offend anyone. I do not sponsor or endorse anyone, and any resemblance to actual persons, living or dead, is purely coincidental. The mentioned link is an affiliate link, and purchasing the book through it is a great way to support me if you’d like to read along!
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