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4.8 out of 5 stars255
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on February 14, 2005
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!
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on January 26, 2002
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.
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TOP 500 REVIEWERon January 3, 2010
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.
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on September 11, 2002
My title is a maxim that Clason wrote in the inside title page of this book.
This is truly my favorite book on how to handle money in your life! Clason uses the language of the King James Version of the Bible (although this book is not at all biblical) to create anecdotes set in ancient Babylon that tell you (the modern-day reader) how to handle your money. The amazing thing is that the advice is not at all outdated. It's right on the mark and shows money knowledge that hardly is taught in school. It's easy to read and understand and highly entertaining. In fact, one of its stories, "The Luckiest Man in Babylon" is almost enough to bring you to tears.
It is shown in this book that when you are in debt, you are a slave to what it is that you agreed to go into debt for and you must pay it off to regain your freedom (are you a five-year slave to a car [or the institution that financed it] like I was?). Look at the state of the nation's economy and you'll see we live in a nation of slaves.
That's why you must get the reverse into action; make money a slave that is working for you.
Many people have heard the popular phrase from this book, "pay yourself first." I highly suggest you read this book first so you can see how you should go about paying yourself first; there is a method to it.
This book is truly a classic and should be required reading for all classes on money or for anyone going into business for oneself. If you're getting into Network Marketing then you've really got to read this book.
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on July 6, 2001
Before reading Clason's The Richest Man in Babylon, I had high expectations. How could I not given the lofty Amazon rating (5 stars strong with many reviewers) and the book jacket's promise as "the book that holds the key to personal wealth"? This book does not disappoint
I would recommend the book because the parables do help describe Clason's points in an engaging way.
To help in your purchase decision, the following is a summary of the book's contents:
(1) Save a portion of your income (Put away X% of your income every paycheck)
(2) Control your expenditures (Don't spend more than you need to)
(3) Invest your money (If you are unable to invest effectively, get someone else to invest your money)
(4) Purchase a home
(5) Increase the amount of money you earn
(6) Protect your wealth against losses
In effect, the book can be summarized by the following statement:
Maximize your wealth inflows (Points: 1, 3, 4, 5) while minimizing your wealth outflows (Points: 2, 6).
If this all seems very basic to you, then this is NOT the book for you. If you scratched your head on one of the above points, I would get the book.
Paul Erdos
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on April 29, 2000
I like to think that a book is only as good as its' usefulness or enjoyment to me. This book has both of these aspects in generous amounts. I have read it at least four times and highlighted the most meaningful parts to me. The work as a whole is simple, short, and entertaining. If you only have this book, and follow its' laws faithfully, your financial situation will improve greatly in a short amount of time with a minimal amount of sacrifice and extra work. I can say this from applying its' principles for just a little over two years: I have already accumulated a years' worth of income and have a sound estate upon which to build my future, I do not worry about money anymore, and can relax comfortably knowing that each passing day I grow more wealthy. This book is the keystone of my financial library and estate. I highly recommend that every person who can read should own a copy. Major debt seems nothing when compared to the stories of slaves who redeemed their freedom through simple financial laws and wisdom.
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on July 1, 2004
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 over untill the ideas saturate both your conscious and subscious minds and untill the ideas become habits. Then you will achieve some real results.
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on January 17, 2003
Well,I would rather judge this book as a story about one rich man in Babylon than a financial guide sort of book. It doesn't say much, in almost every page you can find "10% of what I earn is mine to keep" - well I knew that already and it does work but not in the way the writer put it. I have used the calculator once I've finished this book, and as an average person, I wouldn't be able to put aside more than $20000 for 10 years.
20.000 for 10 years??? That's not enough. I am just wandering whether mr.Bill Gates or mr Richard Branson read this book and followed its instructions to become what they are now.
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on April 15, 2014
Anyone who has dreasms of becoming wealthy, this audio book is the first step.
You need to understand the history of money and how it actually works to be able to handle it when it does come your way.
Motivating, inspiring and a few laughs along the way. I want the paper copy to go along with it because I am sure it would have been just as great on paper. The man who narrates this book is a genius and makes it come alive. You have got to buy this.
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on June 2, 2004
Someone tried to GIVE me this book when I was 13 years old. Sadly, I didn't have the sense to see how valuable this book was. It would be another 12 years before I finally sat down to read it. It drives me nuts to this day that I wasted those 12 years.
This book introduced me to the concept of "pay yourself first." Thanks to George Clason, I now realize that getting rich isn't a matter of how much you make--it's all about how much you keep.
Babylon's basic premise is to save no less than 10% of every dollar you make; and not only save it, but put it to work. Do that consistently and continually, and you can't help but get wealthy. Why work like a dog only to hand over your paycheck to the landlord, the grocery store, the credit cards, etc? Much better to keep the 10% and have something to show for your effort. Once you accumulate enough, the money does all the work.
Not sure this is for you? Go ahead then--keep living paycheck to paycheck. We'll see who comes out ahead. As one of Clason's characters puts it: "hast thou the soul of a free man? or that of a slave?"
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