Richest Man in Babylon by George Samuel Clason
I read this book when I was 15, and it changed my perspective on finances ever since.
I won’t give away all the juicy stuff, just in case you haven’t already read this book full of “golden” personal money management wisdom. This is a financial education book, written in 1926, and the story is based in the times of ancient Babylon.
The wealth of knowledge in this book, even as it relates to ancient Babylonian citizens (and the fact that it was written in 1926), it is very applicable to the financial obstacles we face today.
This book is made up of fictional characters that inquire upon their wealthy friend about his secrets to amassing such a fortune. And it is then, the financial wisdom starts to pour all over the pages in parables, short stories, and priceless quotes bursting with simple brilliance.
It’s a quick read, only about 150 pages, and the knowledge you’ll gain from it will put into perspective just how simple money management really is. There’s no dazzling tips or tricks in this book, just old fashioned saving, investing, protecting and multiplying.
I highly encourage everyone to read this book if you haven’t already, it is a timeless masterpiece that has become ever more resourceful in it’s straightforward and uncomplicated approach to personal money management, especially this day and age. Give it to your kids, as my dad gave this book to me, and plant a seed in their minds that will ensure a financially prosperous future.
Here are some really awesome “Babylonian” financial wisdom excerpts from the book:
Start thy purse to fattening
Control thy expenditures
Make thy gold multiply
Guard they treasures from loss
Make of thy dwelling a profitable investment
Insure a future income.
Increase thy ability to earn.
The 5 Laws of Gold – From The Richest Man in Babylon
- Gold comes gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family
- Gold labours diligently and contentedly for the wiser owner who finds for it profitable employment, multiplying even as the flocks of the field
- Gold clings to the protection of the cautious owner who invests it under the advice of men wise in its handling
- Gold slips away from the man who invests it in business or purposes with which he is not familiar or which are not approved by those skilled in its keep
- Gold flees the man who would force it to impossible earnings or who follows the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment