Richest Man in Babylon

  Author:    George S. Clason
  ISBN:    0451205367
  Sales Rank:    1170
  Published:    2002-01-01
  Publisher:    Signet
  # Pages:    160
  Binding:    Paperback
  Avg. Rating:    5.0 based on 406 reviews
  Used Offers:    44 from $2.29
  Amazon Price:    $6.99
  (Data above last updated:  2008-11-19 02:20:49 EST)
  
  
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Richest Man in Babylon
  
OVER 2 MILION IN PRINT

The success secrets of the Ancients-the most inspiring book on wealth ever written

OVER 2 MILION IN PRINT

The success secrets of the Ancients-the most inspiring book on wealth ever written
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11-16-08 5 (NA)
(Hide Review...)  ONCE YOU HAVE READ THE BIBLE, THIS IS NEXT
Reviewer Permalink
How do you place a price on brilliance? This short read is outstanding and I would recommend it to anyone including every junior or senior high school student in the United States. More books like this one and all of the Og Mandino books or any of the Napolean Hill books. And, let's not forget W. Clement Stone books.
The Richest Man in Babylon
(Review Data Last Updated: 2008-11-19 02:22:24 EST)
10-28-08 5 (NA)
(Hide Review...)  Intense wisdom delivered in a concise 144 pages
Reviewer Permalink
Intense wisdom delivered in a concise 144 pages. Confession: For many years, I've known of this book but was not bothered to read it since I thought, well, it might just be another how to make a million dollar book. Then after some thoughts I figured, well, there's not much harm picking it up and have a look, if I'm not convinced, I can always put it back, with little loss of time. But in retrospect, my such reaction was analogous to that of Bill Gates's attitude towards Warren Buffett prior to 1991 :P (I'm not comparing myself with them, just the situation!) In case you don't know, Bill Gates had thought of Warren Buffett another your-friend-recommendation-of-smartest-guy, until his mother says Kay Graham of Washington Post was there, he went along, and the rest was history.

Lest you think I wrote all those just to boost word count, just two short comments on 'intense wisdom' and 'concise 144 pages': 'Intense wisdom' because there's no word wasted in the book, so read with full attention (and respect accorded to a prayer, if you will), better in a quiet library than in noisy subway; 'concise 144 pages', more so considering the fact that the book is smaller than A5 size! If you can practice the advice expounded in the book with fanatic devotion (I guess nothing less is satisfactory), you're on your way!
(Review Data Last Updated: 2008-11-17 00:36:04 EST)
10-14-08 5 (NA)
(Hide Review...)  I'd recommend this to others
Reviewer Permalink
I loved the style of writing.

This book shaves finances down to the basics. It made money management extremely easy to understand and entertained me at the same time!
(Review Data Last Updated: 2008-10-30 00:34:43 EST)
10-08-08 5 (NA)
(Hide Review...)  Babylon sounds a lot like Bakersfield
Reviewer Permalink
The Richest Man in Babylon was first published in 1929 by George S. Clayson, but written as if it had been translated from tablets taken from the ancient city of Babylon. Though the device is similar to something H.P. Lovecraft would use to establish credibility in a horror story, here it lends weight to his lessons and principles about how to create wealth. The basic principle boils down to save a dime from every dollar, but there are more nuggets of useful advice that would work wonders if you would but follow them faithfully.

It is a bit jarring to the modern ear when Clayson talks of slaves and slavery, but when you think of it, being in debt instead of saving and having your savings and investments working for you is a kind of financial slavery. Like the 'drinking gourd' in the sky, if you follow the principles set forth in 'The Richest Man in Babylon' it will free you from the shackles of debt.

I liked the last part where it described how Babylon was able to flourish despite not being a major port and not even having lots of natural resources such as forests or minerals. Through an ingenious system of irrigation and hard work, as well as systems of writing and record keeping, Babylon became a center of commerce. Kind of like Bakersfield, I'm thinking.

10 Books for Further Study on Wealth Building and Personal Success

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The Way to Wealth

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Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not!

Gold Ahead by George S. Clason (the author of The Richest Man in Babylon)

Think and Grow Rich

The Essays of Warren Buffett: Lessons for Corporate America, Second Edition
(Review Data Last Updated: 2008-10-15 00:46:23 EST)
09-11-08 5 1\1
(Hide Review...)  Richest Woman in Bakersfield
Reviewer Permalink
I am not the richest woman in Bakersfield--yet! But with the help of this and other books I have been reading lately, I should get there soon. This is a short and enjoyable read, as it is written as if it were taking place in ancient Babylon, but the timeless principles still apply today.

An example from the book is to save one tenth of everything you earn, and then put your savings to work so that money will earn more money in investments that aren't too risky.

Think and Grow Rich

Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not!

The Millionaire Next Door

The Millionaire Real Estate Agent: It's Not About the Money...It's About Being the Best You Can Be!

Renegade Millionaire Strategies for Real Estate Agents

The Millionaire Real Estate Investor

How to Become a Million Dollar Real Estate Agent in Your First Year: What Smart Agents Need to Know Explained Simply

The Secret

A Whole New Mind: Why Right-Brainers Will Rule the Future

The 7 Habits of Highly Effective People
(Review Data Last Updated: 2008-10-09 01:11:11 EST)
09-07-08 2 2\2
(Hide Review...)  Reduce to 2 pages and I'm in!
Reviewer Permalink
I'll sum this book up for you in one sentence, "put 10% of everything you make in savings and then make your money earn you more money that doesn't require additional effort from you." The rest of the book just repeats this moto. The book does supply a fun story about Babylon, but if you are strictly interested in financial advice, the book doesn't go beyond the basics of saving. A good read for most Americans who have been entranced by credit card companies and over look the piggy bank, but for the financially responsible, I wouldn't recommend unless you want a good story about Babylon.
(Review Data Last Updated: 2008-09-12 03:24:57 EST)
09-04-08 5 (NA)
(Hide Review...)  Seemingly obvious advice, but often overlooked
Reviewer Permalink
The book is a quick and enjoyable read. A lot of the financial advice in this book seems pretty obvious, but many people have no concept of saving money, working hard, and living frugally. The book also mentions that you should invest your money under the advice of wiser men so that it is working for you.

Overall, the book delivered its message very clearly. I would also recommend it for teenagers, since it contains excellent principles to build a good financial mindset upon.
(Review Data Last Updated: 2008-09-07 00:22:56 EST)
08-30-08 5 (NA)
(Hide Review...)  Concepts of wealth
Reviewer Permalink
This book is a great, easy read for anyone looking to learn the main concepts of creating wealth.
(Review Data Last Updated: 2008-09-05 00:24:26 EST)
08-29-08 5 (NA)
(Hide Review...)  Excellent
Reviewer Permalink
I just finished this one. I think this is one of those little books I'll be referring to over and over again. Clason's book is one of those that you can read in an evening and remember most of the key ideas. You can put these principles to work in your life immediately. This is probably the best 6.99 you can spend.
(Review Data Last Updated: 2008-09-05 00:24:26 EST)
08-20-08 4 (NA)
(Hide Review...)  Not much to think about...just do it.
Reviewer Permalink
Here's the bottom line. This book is one of many books on principles on how to control your finances. If you can control what you eat, how much you exercise, what educational degree to go after, when you wake up, when you sleep, etc., there's no difference in deciding how much you spend and how much you save (must know for what purpose!). All you need to do is read this book along with all the other informational books out there and apply the principles as it fits your current situation. It doesn't matter how much you make. It's all about the "principle" and how to apply it. The part that many, like myself in the past, seem to overlook is that you need to control and detach yourself emotionally from money. If you can understand how much you make, when it is due you, and how much it takes to meet your minimum required needs (now come on, let's not be too greedy), then think, think, think, plan and execute and do it all over if you fail. I think it worked well for me because I took the "emotional" part out of the equation and handle money objectively. So did this book help? Definitely. Every ounce of education is worth a ton of happiness. I think it important to keep the perspective realistic but yet with a steadfast attitude without ignoring all the help that is out there. The book cost as much as, if not lesser, than a fast food plate. Why not get it instead of wasting on junk food?
(Review Data Last Updated: 2008-08-30 00:22:54 EST)
08-10-08 5 (NA)
(Hide Review...)  my best book ever
Reviewer Permalink
I bought this book at the recommendation of a friend who has practiced the wisdom in the book and prospered financially. It seems, to me, the best material on personal finance. I prefer it to some other books written by high profile authors that that i previously read. I wish I read the book earlier, but I am glad I finaly did. Though small and cheap it is a rich source of finacial wisdom. I read a library copy then bought a copy for personal reference. Highly reccommended.
(Review Data Last Updated: 2008-08-21 00:24:06 EST)
07-21-08 5 (NA)
(Hide Review...)  A must read for every graduate
Reviewer Permalink
This is the book for anyone looking to improve themselves personally and/or financially. A must read for anyone graduating high school or college.
(Review Data Last Updated: 2008-08-10 00:22:57 EST)
07-13-08 5 (NA)
(Hide Review...)  The fundamental philosophy to build wealth
Reviewer Permalink
Wealth Odyssey: The Essential Road Map For Your Financial Journey Where Is It You Are Really Trying To Go With Money?

What are you really trying to do with your money? This book has answered this question for decades! If you think everything you earn is yours, think again. How do you get ahead financially - the fundamental ways are described here. So basic that most people miss these nuggets of "how to." This is a book that gives the big picture of why you should manage your finances with an overall philosophy - that of wealth building rather than simply trying to just make money.
(Review Data Last Updated: 2008-07-21 02:21:07 EST)
07-11-08 5 (NA)
(Hide Review...)  Richest Man in Babylon AUDIO MP3
Reviewer Permalink
I highly recommend the AUDIO MP3 version of the Richest Man in Babylon The Richest Man in Babylon
(Review Data Last Updated: 2008-07-18 12:47:05 EST)
07-09-08 4 0\1
(Hide Review...)  Fundamental Principles Wrapped in Ancient History
Reviewer Permalink
Books that present an effective common sense approach to financial literacy are always in demand. The Richest Man in Babylon falls into this category as a book whose principles are conventional yet significant.

Save ten percent of your income, constantly analyze and cut your expenses, guard your investments, obtain all necessary insurance; all these principles will appear obvious in nature, but this should not discount the value of the book. The Richest Man in Babylon provides a resounding message tucked within short historical anecdotes intended to ensure this advice takes hold of the reader. Saving ten percent of your income is not an overwhelming concept, yet what percentage of society practices this from early in life? Reading this book will afford the reader a more lasting motivation to begin such plans and to stick with them.

The Richest Man in Babylon alone will not give you wealth, but it will provide you with the financial pillars permitting you to organize your life for acquiring wealth.
(Review Data Last Updated: 2008-07-13 00:21:45 EST)
07-09-08 5 (NA)
(Hide Review...)  Enduring parables about how to become wealthy
Reviewer Permalink
During the late 1920s, writer and entrepreneur George S. Clason created a series of simple parables about the supposed financial "secrets of the ancients." He compiled these tales, set in Babylon some 8,000 years ago, into an entertaining yet instructive book on becoming wealthy. In the 1930s, during the worst of the Great Depression, and for decades after, readers embraced Clason's engrossing, elegant little page-turner. They learned of wise Arkad, the richest man in Babylon; of Dabasir, the slave who became a wealthy camel trader; and of Sharru Nada, the rich man who learned about working hard when he was just a youth. Each universal parable teaches invaluable lessons about wealth, how to attain it, nurture it, protect it and sustain it. These stories also convey worthwhile lessons about life. getAbstract understands why Clason's magical little book has become such an enduring classic. If you read it, you will find that you can put its simple yet sensible lessons to work. Clason calls these lessons the "wisdom of the ages" and the "fixed stars that shine." His common sense advice about wealth can make you rich in more than money.
(Review Data Last Updated: 2008-07-13 00:21:45 EST)
07-04-08 5 (NA)
(Hide Review...)  Great information (if applied)
Reviewer Permalink
Since Pat Thorton's was the first review, it was one of the first i read, but i think he said it best. "Common sense is not necessarily common knowledge." the simple lessons contained within the book are somewhat common sense (save 10% of your income), but easier said than done, since most people are used to living beyond their means, especially in today's age of spending. It takes determination and financial responsibility to live below your means and save and invest for the future. Those that rated this book low are probably the ones that have the hardest time taking action on the book's recommendations. of the number of people out there saying "i knew that-just save money."--how many of them are actually doing it?!?! a very quick 2 hour read and well worth the time and money spent. highly recommended.
(Review Data Last Updated: 2008-07-13 00:21:45 EST)
06-21-08 5 (NA)
(Hide Review...)  Motivating a Wealth Mentality!
Reviewer Permalink
I read this book back in 1994. It has much timeless knowledge.

The Richest Man in Babylon is an inspirational book on helping to create an investment mentality by using parables of how the Richest Man in Babylon would have invested. It is for beginning investors who need good reasons to develop a proper mindset to start working towards becoming financially independent. It also is a good book for recharging a wealth mentality in any investor.

The concepts in the book are simple, but their effects on wealth are profound! For example, George Clason covers The Five Laws of Gold. From the version I read, they are:

I. Gold cometh gladly and in increasing quantities 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.

II. Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks in the field.

III. Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling.

IV. Gold slippeth away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep.

V. Gold flees the man who would force it to impossible earnings or who followeth the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.

Overall an excellent book for beginners though advanced investors.

The Re-Discovery of Common Sense: A Guide to: The Lost Art of Critical Thinking
(Review Data Last Updated: 2008-07-04 16:05:57 EST)
06-04-08 5 (NA)
(Hide Review...)  Great!
Reviewer Permalink
The book came right on time and looks brand new. I am very pleased.
Thank you!
(Review Data Last Updated: 2008-06-22 00:23:17 EST)
06-03-08 5 (NA)
(Hide Review...)  A Cornerstone of Personal Finance
Reviewer Permalink
If you ever read at least one book on personal finance, this must be it.
(Review Data Last Updated: 2008-06-22 00:23:17 EST)
05-18-08 2 2\3
(Hide Review...)  Common sense information
Reviewer Permalink
I didn't really get much out of this book since what it states is based on common sense and nothing new for personal development in my opinion. There are better books for overall improvement and achievement.
(Review Data Last Updated: 2008-06-04 00:22:41 EST)
05-01-08 5 (NA)
(Hide Review...)  richest man in babylon
Reviewer Permalink
I am still reading this book. Offers practical
advice about money handling and wise decision
making, as it relates to money. Would HIGHLY
recommend this for young readers or anyone.
(Review Data Last Updated: 2008-05-19 00:23:31 EST)
04-23-08 5 1\1
(Hide Review...)  Clasic, classic, classic.
Reviewer Permalink
I have read a lot of finance books by a lot of different authors: Bach, Chatzky, Orman, Kiyosaki just to name a few, but the "Richest Man in Babylon" is the simplest, most clear cut. It also has the least ego (thank you Eckhart Tolle). Simple is good in my case. I don't like a lot of fancy words clouding my understanding of finance. Clason repeats what a lot of other finance experts say, but the difference is that Clason said it first. So he wins. And the book is short.

The "Thou"s and "thy"s are a bit silly and annoying, I admit--but you get used to it and after a while--it's fun. The financial basics told thru parables (i.e. bible-esque tales). I read a few parts out loud to my husband and he was cracking up.

Richest Man in Babylon in a Nutshell:

Pay yourself 1st: Save 10% of your income.
Pay your debtors: 20% of your income
Live off 70% of your income.

7 Cures for a lean purse:
1st CURE: Start thy purse to fattening.
Save 10 % of what you earn.

2nd CURE: Control thy expenditures.
Budget your income.

3rd CURE: Make thy gold multiply.
Invest

4th CURE: Guard thy treasures from loss.
Study your investments to reduce risk. Make sure you are FDIC insured.

5th CURE: Make of thy dwelling a profitable investment.
Own your home.

6th CURE: Insure a future income.
Invest for old age.

7th CURE: Increase thy ability to earn.
Acquire education and experience to increase income.

Fave quote: A part of all I earn is mine to keep.

If you loved it: Think and Grow Rich, The Automatic Millionaire

If you hated it: Rich Dad Poor Dad
(Review Data Last Updated: 2008-05-02 01:46:44 EST)
04-10-08 5 (NA)
(Hide Review...)  The Starting Point For Those Who Desire Wealth
Reviewer Permalink
I have read book after book on wealth, yet when I am asked to recommend a book, I always say to start with either "The Richest Man In Babylon" or "Think and Grow Rich!: The Original Version, Restored and Revised"

Building wealth can be easy if you follow the sound principles needed for it's achievement. This book shows you how. And it does it in a fun, fictionalized way using stories from Babylonian times.

If you have never read this book, pick it up right now! It's very cheap as you can see. I can guarantee it will be worth FAR MORE to you than whatever you pay for it.
(Review Data Last Updated: 2008-04-23 17:21:55 EST)
04-08-08 5 (NA)
(Hide Review...)  The Richest Man In Babylon
Reviewer Permalink
Sound financial advice that everyone can understand. The hardest part for most people will be to put it into practice. Delayed gratification is something that this society hardly teaches anymore. I am ordering several copies for recent college graduates, hoping they start off right.
(Review Data Last Updated: 2008-04-10 09:36:45 EST)
04-04-08 4 (NA)
(Hide Review...)  Solid financial advice that is timeless
Reviewer Permalink
This is a great book for all ages...I've given a copy to each of my children. Great stories of responsibility, ethical & financial.
(Review Data Last Updated: 2008-04-08 19:43:55 EST)
03-23-08 5 1\1
(Hide Review...)  Simple and powerful
Reviewer Permalink
This book is very simple. If what is told here "clicks" with you, your life will turn around. I've seen it happen.

If you're having a hard time managing money, read this book. It's old, it's proven, it's removed from all the hype of today's financial gurus.

My only issue is with owning real estate in the times this review is being written. It's not always smart unless you have a large down payment, at least 20%, and unless you get a great deal.

Otherwise better to rent, live in your car/RV/van, live out in the country, or find free rent or negative rent opportunities. Or a combination of those.

Free rent would be something like house sitting and negative rent would be a situation in which you are paid money to be a resident.

With the money saved you could buy real estate at a time when it makes more sense than it does in current days.

Jerry Katz
One: Essential Writings on Nonduality
(Review Data Last Updated: 2008-04-05 17:11:39 EST)
03-02-08 2 0\1
(Hide Review...)  Overrated
Reviewer Permalink
Disclaimer: I read this book after having read "Think and Grow Rich," "Rich Dad Poor Dad," and "The One Minute Millionaire," so maybe I was spoiled. But I didn't find this book to be near the value of these others. A lot of the principles are very basic-save 10% of everything you earn, spend less than you make, and don't loan to someone who can't pay you back. One principle-home ownership-is even such a basic belief of American culture today that hearing it in this book would have been unimpressive enough by itself, only to become moreso after having read "Rich Dad Poor Dad" point out all the reasons why home ownership isn't the holy grail so many make it out to be.

It's not to say that you shouldn't do what this book says. You should. But don't be surprised if you read this book, follow its advice, and then quickly find yourself saying, "Okay, I'm doing all this-now what?" If you want a more profound impact, read "Think and Grow Rich," "Rich Dad Poor Dad," and (especially!) "The One Minute Millionaire."
(Review Data Last Updated: 2008-03-23 12:40:04 EST)
02-27-08 5 (NA)
(Hide Review...)  Best Finacial Tool today!
Reviewer Permalink
Easy to understand and clearyly outlines financial strategies to grow your wealth and become financially independent. The tone is set in Biblical times, but don't let that scare you it only makes reading more enjoyable, with easy to understand examples. Everyone should read this by age 18!
(Review Data Last Updated: 2008-03-02 16:46:45 EST)
02-18-08 5 (NA)
(Hide Review...)  A must read for any teenager or young adult!!!!
Reviewer Permalink
Every 18 year old should have these concepts about money ingrained in their mind! This title is an amazing set of parables describing how great leaders of Ancient Babylon went from rags to riches... by following simple rules of money.

"Start thy purse to fattening" is the first rule we learn. Through a fascinating and believable story of Arkad, we learn that "a part of all you earn is yours to keep". I immediately connected with Arkad, because he and I both thought all of my earnings are mine to keep. Algamish, the money lender, said to Arkad "Do you not pay the garment-maker? Do you not pay the sandal-maker? Do you not pay for the things you eat? Can you live in babylon without spending? You pay to everyone but yourself... If you did keep for yourself one-tenth of all you earn, how much would you have in 10 years?"

This is the first of many valuable lessons I learned from these priceless parables. I can say if I read this book 7 years ago when I was 18, My assets would be at least $50,000 more today. I am very grateful I have across this material today, for my financial future will be significantly changed for the better!
(Review Data Last Updated: 2008-02-28 11:39:54 EST)
02-14-08 4 (NA)
(Hide Review...)  Easy to Read & Understand
Reviewer Permalink
This is a good book, telling in narrative form how one becomes in control of his/her finances. Almost everyone can relate to the characters. It has only a few points which, if followed, help one to become financially independent. I highly recommend this book.
(Review Data Last Updated: 2008-02-18 22:53:22 EST)
02-11-08 5 (NA)
(Hide Review...)  Time-Tested and Right-On!
Reviewer Permalink
There isn't much to add to the other reviews for this book. But I'll just say that it is an excellent tool for building your financial lifestyle. It has been around for many years and the advice given in it has proven its worth.
I would definitely recommend this book to anyone seeking a financially-secure future.
(Review Data Last Updated: 2008-02-14 18:09:06 EST)
02-08-08 4 (NA)
(Hide Review...)  Good precepts taught simply
Reviewer Permalink
"The Richest Man in Babylon" teaches basic financial precepts - how to save money, how to make it work for you, etc - using simple, entertaining stories. Written as if the stories were from ancient times, the chapters are short, the explanatory stories interesting, and the ideas clearly set out. I'd recommend this for anyone looking for a primer on saving and investing, or anyone who would like to review or have at hand those basic ideas. This book could also be very useful to introduce the ideas to children or teenagers.
(Review Data Last Updated: 2008-02-12 02:45:06 EST)
01-25-08 5 1\1
(Hide Review...)  Timeless classic.
Reviewer Permalink
I believe the true definition of "timeless classic" means something is just as meaningful and relevant today as it was when it was first created. Such is the case with George Clason's, THE RICHEST MAN IN BABYLON. Originally published in 1926, this book is not only still relevant today, but over the past eighty or so years has spawned many a financial success book. In fact, this is like an early version of Robert Kyosaki's decade old, Rich Dad Poor Dad.

It's even quite possible that this very book may well have been the financial training Kyosaki's rich dad used to create his wealth and became the financial knowledge he passed on. The timing is certainly about right. The lessons are more than similar.

This book is written in the form of a parable as told in ancient Babylon. Clason uses what he thought to have been the proper language of the time, similar to the King James English derived from the translation of Textus Receptus. Herein lies my only knock on this great book. Unless you don't mind wading through all of the "thee", "thou" and "hath nots", the book does become tedious at times.

Nevertheless, it is well worth the effort. There are precious pearls of financial wisdom to be gleaned from these pages. If you want the basic rules of creating wealth that has been proven for millennia, there is no better place to start than with this timeless classic.
(Review Data Last Updated: 2008-02-09 10:38:06 EST)
01-17-08 5 (NA)
(Hide Review...)  "Gold is reserved for those who know its laws and abide by them."
Reviewer Permalink


The Richest Man in Babylon is an older book written by George Clason around 1926. To give you a real idea of the age of the book, its author served in the Spanish-American War (that was in 1898 for those of you wondering). The book is not written as one constant story; instead it is a collection of parables the author wrote over a period of time, all assembled into one collection. Each parable has a theme to it, such as seven cures for a lean purse and the five laws of gold.

The writing style is unique. Most of the story is told through character dialogue, in a language that I can only describe as Shakespeare without the rhyme. You will see the words "thou" and "thy" frequently throughout the book. It took me a few pages to get used to the style, but after that I hardly noticed it.

What I like most about this book is the length. My copy is only 155 pages, but those pages cover most of the major personal finance lessons with easy to understand stories that still manage to get the message across.

The Seven Cures for a Lean Purse is the first lesson. The 7 steps to accumulating money (in my own words):

1. Pay yourself first

2. Spend less than you make

3. Take advantage of compound interest

4. Exercise risk management and don't lose money

5. Own your own home

6. Create passive income so eventually you can stop working

7. Improve your ability to earn more money

The rest of book continues to build on these 7 ideas, as well as add a few new ones.

Recommendation:

If you are looking for a short but great lesson on personal finance this is the book to go too. The lessons in this book are timeless, and since it's such a quick read it's definitely worth a look. If you're just getting started on learning the basics of personal finance this is a great place to start.
(Review Data Last Updated: 2008-01-24 23:35:26 EST)
01-05-08 5 1\1
(Hide Review...)  Shouldn't this be in your libray?
Reviewer Permalink
This is a parable about how a poor babylonian became so wealthy the king asked him to tell his story and help others with saving for the future. This is purly a commonsence appoach to the age old question of how to become wealthy. The book stresses saving; reduction of expences; protection from future loss. The solutions are definate not for some one to get rich quickly as these rules are to sustain us the rest os our lives.

The book give us the seven rules of money aquistion as its montra. They are;

1. Start thy purse to fattening= work
2. Control thy expenditures= reducing expences
3. Make Gold Mulitply= investing and saving
4. guard thy treasure from loss= understanding the risks to your
investments
5. Insure for the future= Insurance needs
6. Make thy dewelling a profitable investment= increase the value of
you home.
7. Increase your ability to earn= look for opportunies where they lay.

George Clason achieves this by telling stories which seem simple, but are quite powefull if you can grasp the concepts. You will learn;
1. The seve cures for a lean Purse
2. The five laws of gold
3. What does luck have to do with being wealthy

This is recomende to people wwho want to learn about getting wealthy with out dry charts, boring examples or bad advice.

This is a great book on personal finances you will need in your journey toward wealth. This is a must own book for all who want to be wealthy.
(Review Data Last Updated: 2008-01-17 22:40:07 EST)
12-23-07 5 (NA)
(Hide Review...)  Simple and true
Reviewer Permalink
A quick, easy read, The Richest Man in Babylon explains in plain and simple parables how to accumulate wealth - "accumulate" being the operative word here, meaning it takes time and planning. There are no magic secrets here. The cynic will read it and say, well of course - save and invest - I could have written that! But this book puts those principles into perspective for us, showing that wealth is not a product of luck but one of choice, that anyone can achieve with discipline and by living within their means.
(Review Data Last Updated: 2008-01-05 13:55:02 EST)
11-30-07 4 3\3
(Hide Review...)  This is about financial freedom, not getting rich
Reviewer Permalink
I was amused by some of the 1-star reviews. You should take a look at them to get an idea of how clueless most people are about personal finance in this country. I can look around me and see that the ideas in this book are universally acknowledged to be common sense. But as I look around me, few, if any, of my relatives, friends, co-workers, and neighbors are applying them. I see credit card debt, houses bought for idiotic prices with nitwit mortgages, new cars replacing other new cars, closets so full of clothes the racks come crashing down, crushing monthly fees for cable, cell-phones, and internet services that are ultimately just a lot of empty distraction. In short, I'm surrounded by 1-star reviewers. This book is not about getting rich like Bill Gates or Donald Trump. It's about achieving financial freedom. What would you rather have -- a new cell phone ring-tone or an investment account that lets you retire at 50? That's your choice in life -- repeated every day of the week.

Richest Man in Babylon is an allegorical rendering of the basic principles of sound personal finance. The ideas in it, yes, are common sense. But you could say the same thing about Poor Richard's Almanac or books in the Bible like Ecclesiastes and Proverbs. However, to paraphrase Warren Buffett, "it's simple, but not easy" to get rich. The trick is self-discipline.

To keep our focus on what we know is right we sometimes need a pep talk, and this is a good one. I give it 4-stars.
(Review Data Last Updated: 2007-12-23 03:05:04 EST)
11-27-07 5 (NA)
(Hide Review...)  one of the best books on saving and investing !
Reviewer Permalink
The Richest Man in Babylon: Now Revised and Updated for the 21st Century

This is one of the best books on saving and investing that I ever read.
It will teach you how you money can work for you.

The only problem with this edition is the old english that I don't like it,

So I recommend The Richest Man in Babylon: Now Revised and Updated for the 21st Century
The Richest Man in Babylon: Now Revised and Updated for the 21st Century

and if you want to teach these teachings to your childrens I recommend

The Richest Man in Babylon - Illustrated
The Richest Man in Babylon - Illustrated








(Review Data Last Updated: 2007-12-01 15:00:13 EST)
11-25-07 5 0\1
(Hide Review...)  Common sense is still uncommon
Reviewer Permalink
This is one of those books that lists tenets we all know but perhaps have either forgotten or have managed to convince ourselves are no longer important. I read this one Saturday afternoon and had a good time with it. The book reminds us that money hasn't changed much since ancient times(all though they refer to money as gold) and that we should save, invest wisely, have adequate protection and give to charity. It's by no means groundbreaking information but has some nice reminders that will apply for eternity.
(Review Data Last Updated: 2007-11-27 21:46:36 EST)
11-24-07 5 2\2
(Hide Review...)  As Relevant Today As The Day It Was Written -- Buy It, Apply It, and Prosper!
Reviewer Permalink
This book is especially relevant in this day of rampant consumerism and conspicuous spending. Few understand what it takes to create real wealth, which is a tragic shame, since the principles are surprisingly simple and easy to implement.

Wealth creation is a process; a process that can be learned just as surely as one can learn how to tie a shoe or ride a bike. And just as learning to tie a shoe, or ride a bike are daunting at first, creating wealth becomes second nature once its principles are finally understood and mastered. This book will help you to understand and master the principles of wealth creation.

In the spirit of full disclosure, I should say that I am a speaker, trainer, and author of another unique and highly valuable learning tool that can also be found here on Amazon: The WealthLoop Series Beginner's Guide to Personal Wealth Creation (Combo Audio/Data CD): Audio Seminar With Downloadable 40-Page Action Manual. It is a straight-forward discussion of the art and science of personal wealth creation and should be considered by anyone serious about wanting to learn more about the right way to get started on the road to personal wealth creation and financial freedom!

Other "WealthLoop Series" tools of worth looking into include:

The WealthLoop Series Beginner's Guide to Building Wealth Buying Houses: The Foolproof Roadmap to Real Estate Riches Without the Risks and Hassles of Landlording

and

The WealthLoop Series Beginner's Guide to Building Wealth Buying Houses (Combo Audio/Data CD): Author's Audio Commentary Plus Downloadable 32-page Marketing Manual, Checklists, Spreadsheets, and Forms.
(Review Data Last Updated: 2007-11-27 21:46:36 EST)
11-19-07 5 (NA)
(Hide Review...)  I HIGHLY RECOMMEND THIS BOOK!!!!
Reviewer Permalink
I highly recommend this book to anyone who is in pursuit of being in a better financial position. This book shows you how to,...... in very simple terms get a hold of your finances. The characters even though from a different time related to me in a very real way. I highly recommend this book. Basic concepts and small re-adjustments will take you to the next level!!! A Must Read!!!
(Review Data Last Updated: 2007-11-24 02:55:42 EST)
11-19-07 3 (NA)
(Hide Review...)  Saving and Investing 101
Reviewer Permalink
If you're looking for an affordable, VERY BASIC, motivational text on jump starting your finances - this is an excellent book. It is a short, easy read, but it is oversimplified. It's a set of stories set around certain principles of saving and investing. Whether or not this will be life changing for you depends on your prior business education and experience. You may go "bleh, I know all this already" or you may see things with a fresh, invigorated sense. It is definitely uplifting and optimistic, but it is so simplified, I hope you won't let it get to your head. Business, finance, and investing take a lot of time, knowledge, and effort if you want real results. And given the current uncertain economic climate (2007), this may not be the best book if you're just starting out. This is definitely not a book to be taken on its own. So, if you feel confused, frustrated, or hopeless about finances, this may serve as a decent introduction, but definitely complement it with many other books and sources of quality info. And always remember, and George S. Clason goes over this point a little bit, money is just numbers that can easily disappear - true wealth is something else - the best investments you can make are in yourself, your family, your friends, your art, your career, your business and your dreams.

Additional Recommendations:

Finance Related-
Crash Proof: How to Profit From the Coming Economic Collapse by Peter D. Schiff
A Fool and His Money: The Odyssey of an Average Investor by John Rothchild
Where Are the Customers' Yachts: or A Good Hard Look at Wall Street by Fred Schwed

Other-
The Alchemist by Paulo Coelho
(Review Data Last Updated: 2007-11-19 13:04:11 EST)
11-12-07 2 (NA)
(Hide Review...)  It's ok
Reviewer Permalink
It's taking me a while to get into the book. You need to really focus on this one. It's not like rich dad poor dad where you will want more greed to keep reading it and wonder if he has another book after or before this one.
(Review Data Last Updated: 2007-11-19 08:36:03 EST)
11-05-07 5 (NA)
(Hide Review...)  The Richest Man in Babylon
Reviewer Permalink
an excellent basic form of handling your finances. In story form it's reading is easy to digest and remember and the principles are timeless. It's principles speak of wisdom found in the most learned of financial planning arenas. And yet makes it simple to understand and follow.
(Review Data Last Updated: 2007-11-12 23:15:03 EST)
11-04-07 5 (NA)
(Hide Review...)  excellent book
Reviewer Permalink
I found this book to be very well written and very easy to understand. I especially liked how the lesson's are timeless and easy to enact in my own life. I recommend it to anyone who wants to get control of their finances and live a better life.
(Review Data Last Updated: 2007-11-12 23:15:03 EST)
11-01-07 5 (NA)
(Hide Review...)  Enjoyed the book
Reviewer Permalink
I doubt I am going to add much to what has already been said other than to say that this book was very easy to read. It is interesting to look at the concepts today and remember when this book was written....we really have not come up with that many new ideas! If you have not read this book I would highly recommend it.
(Review Data Last Updated: 2007-11-05 16:35:21 EST)
11-01-07 4 (NA)
(Hide Review...)  Good Book
Reviewer Permalink
At first, I was thrown off by the antique language and the names of the characters. However, after I got past that, I was intrigued by the story and I was able to see myself in some of the characters. What I took away from this book is a better understanding of the importance of saving, insurance, and making your money work for you.
(Review Data Last Updated: 2007-11-05 16:35:21 EST)
10-20-07 5 0\1
(Hide Review...)  Essential
Reviewer Permalink
A book about being a respectful adult, a responsible business person and smart with your money. Every parent should have their kids read this when they turn 10.
(Review Data Last Updated: 2007-11-01 12:43:22 EST)
10-18-07 5 (NA)
(Hide Review...)  Classic
Reviewer Permalink
George S. Clason did a wonderful job gathering information for this book. If you understand the Laws of Success better in parable form, then this book is for you!
(Review Data Last Updated: 2007-10-20 12:59:39 EST)
  
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