Book

The Richest Man in Babylon

2013184 pagesLulu.com

5.0from 1 rating on Google Books

Personal FinanceClassics

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The Richest Man in Babylon is a book by George Samuel Clason which dispenses financial advice through a collection of parables set in ancient Babylon. Through their experiences in business and managing household finance, the characters in the parables learn simple lessons in financial wisdom. By basing these parables in ancient times, but involving situations that modern people can understand and identify with, the author presents these lessons as timeless wisdom that is as relevant today as it was back then. The book began in 1926 as a series of informational pamphlets. Banks and insurance companies began to distribute these pamphlets, and the most famous ones were eventually compiled into this book.

What people keep from The Richest Man in Babylon

A part of all you earn is yours to keep.

Pay yourself first: Before you pay the landlord, groceries, or for any fun, take at least 10% of every dollar you earn and set it aside for your future self. By living on the remaining 90%, you learn to control your spending while your savings become "seeds" that you plant through wise investments. Eventually, those seeds grow into a "money tree" that works for you, ensuring you never have to work for money forever.

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