The Richest Man In Babylon Paperback – September 24, 2012 Author: Mr George S Clason | Language: English | ISBN:
1479377341 | Format: PDF, EPUB
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Review
"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 the
Mass Market Paperback
edition.
About the Author
George Samuel Clason was born in Louisiana, Missouri on November 7, 1874 and lived to the ripe old age of 82. George Clason is best known for writing a series of informational pamphlets about being thrifty and how to achieve financial success. He started writing the pamphlets in 1926, using parables that were set in ancient Babylon. Banks and insurance companies began to distribute the parables and the most famous ones were compiled into the book The Richest Man in Babylon. It is this book which has etched the name of George S Clason into the history books and has provided generations of readers not just an inspirational classic for reading pleasure but sound practical principles of financial discipline. This is the most famous of his treasured works.
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- Paperback: 134 pages
- Publisher: CreateSpace Independent Publishing Platform (September 24, 2012)
- Language: English
- ISBN-10: 1479377341
- ISBN-13: 978-1479377343
- Product Dimensions: 9 x 6 x 0.3 inches
- Shipping Weight: 0.8 ounces (View shipping rates and policies)
I first heard about this book 17 years ago. At that time, I was in a direct sales company and had the good fortune to attend a seminar conducted by a businessman named Jim Rohn.
Mr. Rohn talked about his early mentor, a man named Earl Schoff and went on to tell us how Mr. Schoff turned him on to personal development and pointed him to the right books to read. One of the most important books, said Rohn was The Richest Man in Bablyon.
Rohn had made and lost a fortune but came back and made another fortune and gave credit to the principles in The Richest Man in Bablyon for helping him accomplish that feat.
I read The Richest Man in Bablyon and have to admit, I hated it! I thought it was stupid, like feel good stuff that has no substance. When ever friends came over, I hid the book. I felt so ridiculous.
But Mr. Rohns words of wisdom kept echeoing in my mind. So I read it over and over untill the principles were imbedded into my conscious and subconsious mind.
Soon, after the fifth reading, the the principles became habits for me. My wealth esculated at a very rapid rate. I was no longer wasting money. I was now investing the first 10% of my income, tithing 10% and investing another 10% in capital like no load mutuals, real estate, discounted mortgages, tax liens and my own business.
The Richest Man in Bablyon has 7 basic principles:
1) Start thy purse to fattening - save/invest
2) Control thy expenditures - watch out for self serving brokers
3) Make thy gold mutiply - use powerful investments
4) Guard thy treasures from loss - watch out for brokers with
their hot tips.
5) Make of thy dwelling a profitable investment - rental properties, your own home---but stay within your means.
6) Insure a future income - do work that you love to do.
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