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The Richest Man in Babylon
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"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
--This text refers to an alternate
Mass Market 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.
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First Sentence
BANSIR, the chariot builder of Babylon, was thoroughly discouraged. Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Back Cover
BANSIR, the chariot builder of Babylon, was thoroughly discouraged. Read the first page
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Customer Reviews
Most helpful customer reviews
9 of 9 people found the following review helpful
Format:Mass Market Paperback
This book is great for people who tend to make a decent amount of money but foolishly squander it. It is written in some older English, but it is not too difficult to follow since the stories are easy reads. It mainly talks about ten key ideas.
1. Save 10% of what you earn
2. Don't get involved in investments that you do not understand or don't invest in someone else' idea unless it is in the area of their expertise
3. Don't gamble or get involved with quick rich campaigns
4. Focus your energies on improving what you do so that you can increase your earnings
5. Be true to your word - pay back debts and build relationships
6. Invest wisely - mainly invest in your area of expertise or with a good friend in his or her area of expertise
7. Be decisive - don't take too much time in deciding an investment is right. If you wait too long, the opportunity may be gone. This is a fine line because you don't want to rush in either.
8. Invest in yourself so that you can improve your skills in the future
9. Be a person of action - luck comes along with hard work
10. Have a strong determination that you will succeed.
The book was a very quick read - I read it in about hour or so. Much of it was a bit repetitive - I guess it helps to ensure that you got the points. Honestly, I thought I would get a lot more out of this book. I already knew of most of ideas, and in the places where I could use some help like being decisive it did not give me suggestions to improve in that area. I guess it will just take some more practice on my part. I would suggest stopping by your local library to pick up this book. If you like it enough, go out and get it and add to your collection.
7 of 7 people found the following review helpful
Format:Mass Market Paperback
This book is an absolute must read for anyone wanting to increase their financial intelligence. Although, many of the ideas in the book arewhat some people would call "common sense", it is the delivery of these ideas which make this book a gem. Every financial principle that this book presents is encased in a fable and repeated more numerous times. It is the presentation of the principles which truely allow people to internalize them and apply them in their everyday lives!
4 of 4 people found the following review helpful
By Ian Robertson
TOP 100 REVIEWER
Format:Mass Market Paperback
George Clason's book "The Richest Man in Babylon" should be read by all investors. First published in 1926, the book is a classic, and reminds us that the path to riches is based on some very basic but sound principles rather than on the "New New Thing" (as Michael Lewis chronicles) or the latest hot stock or industry sector (for example technology, commodities, or housing). The prose can be a bit archaic, partly by design as the parables are set in Babylonian times, and partly because it was written almost a century ago. That a book this old still offers sound guidance is in fact one of the important lessons - lessons that should be especially relevant to today's stock market investors, real estate speculators and those financing their lifestyles through home equity lines of credit.
Clason's wisdom is encapsulated in seven lessons: start thy purse to fattening; control thy expenditures; make thy gold multiply; guard thy treasures from loss; make thy dwelling a profitable investment; insure a future income; and increase thy ability to earn. Each lesson is covered through anecdotes and parables, and the book's short length makes it an easy read over one or two sittings. Others have provided similar guidance over the years, perhaps none so well as Canadian author David Chilton with his "The Wealthy Barber: The Common Sense Guide to Successful Financial Planning" book. Chilton covers a broader range of topics (e.g. life insurance) over more pages and in a more contemporary fashion, but his basic message is still the same.
Read this original book and be reminded that the true path to riches is within everyone's grasp. The path isn't found on-line in analysis of companies' regulatory filings, or by expanding one's credit lines, or through games of chance such as lotteries, ponies or casinos. This book deserves to be read as a reminder that others before us, both in Clason's time and in Babylonian times achieved success through hard work, spending less than they earned, and investing in themselves.
Clason's wisdom is encapsulated in seven lessons: start thy purse to fattening; control thy expenditures; make thy gold multiply; guard thy treasures from loss; make thy dwelling a profitable investment; insure a future income; and increase thy ability to earn. Each lesson is covered through anecdotes and parables, and the book's short length makes it an easy read over one or two sittings. Others have provided similar guidance over the years, perhaps none so well as Canadian author David Chilton with his "The Wealthy Barber: The Common Sense Guide to Successful Financial Planning" book. Chilton covers a broader range of topics (e.g. life insurance) over more pages and in a more contemporary fashion, but his basic message is still the same.
Read this original book and be reminded that the true path to riches is within everyone's grasp. The path isn't found on-line in analysis of companies' regulatory filings, or by expanding one's credit lines, or through games of chance such as lotteries, ponies or casinos. This book deserves to be read as a reminder that others before us, both in Clason's time and in Babylonian times achieved success through hard work, spending less than they earned, and investing in themselves.
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4.6 out of 5 stars
Most recent customer reviews
5.0 out of 5 stars
Excellent book. MUST READ.
This book should be an obligatory read at school and there should be a whole class around personal finance with this book as an introduction. Read more
Published 1 day ago by Gabriel L'heureux
5.0 out of 5 stars
Simple and common sense advice that works
The financial advice offered in this book is simple - whenever you get some money, pay yourself first by taking 10% or more of your income and invest it (learn all you can about... Read more
Published 17 months ago by Laura De Giorgio
5.0 out of 5 stars
Impressed
Great book, it was recomended by a friend and I have just started to read it. I am hooked already.
Published 23 months ago by Jrparag
3.0 out of 5 stars
Quite Basic
Good stuff to know, well written, entergtaining to read but very basic stuff for me.
Published on April 30 2010 by Michael Grech
5.0 out of 5 stars
Simple, to the point and very wise. You don't need anything else to...
Ok, I bought this book back in 2002 and just got to read it this month. I'm pretty sure I'm not the only one, but boy was that a mistake on my part! Read more
Published on Nov 10 2009 by Adrian Bolosin
5.0 out of 5 stars
The Richest Man in Babylon- older version- yellow cover
Great book -CLASIC- to show in simplicity how we can come to financial freedom. Today we are bombarded with so many terms and people are confused and scared it is imposible to... Read more
Published on Oct 2 2009 by Patrik Mrkvan
5.0 out of 5 stars
The Richest Man in Babylon- CD's
I have also a book, but I absolutely love audio books. Best, most eficient way of learning and gaining wisdom. Read more
Published on Oct 2 2009 by Patrik Mrkvan
5.0 out of 5 stars
Simple wisdom but SO powerful
First published in 1927 this is a parable, a story set in ancient Babylon, focusing on the simple ways to set yourself up for financial success. Excellent book. Read more
Published on July 3 2004 by Lori Mitchell
5.0 out of 5 stars
A book worth reading over and over
I think that some people underestimate this book due to it's small size. This is NOT a book that you will want to read only once and put away, you will NEED to read this over and... Read more
Published on July 1 2004
5.0 out of 5 stars
Timeless
Short book. Timeless advice. What can I say.
Well, the fact that it is set in ancient Babylon shows that the basics of finance are truly timeless, and only misinformation from... Read more
Published on Jun 26 2004 by Eolake
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