Looking back on the last 50 years of my life, one of best things that ever happened to me was my wife's uncle telling me to buy and read this book. That was a year before I shipped out for Vietnam.
A few years after I returned, I remembered his words when we found out he had passed and I bought the book. We had two kids, paycheck to paycheck, and no savings. I read the book and it hit home; hard. Slowly, week-by-week, we started to build savings. Now, we have a good retirement, well off and secure. This book started it off.
Easy to read and understand, timeless message. This book should be required reading for all school kids. It doesn't espouse greed like Think and Grow Rich. It simply teaches that you already have the ability to grow your prosperity from what you already have.
READ THIS BOOK and change your life forever.
I buy this book by the case and give it to all the young people (14-25) in my neighborhood. It's an easy read and gives seven basic principles on saving and investing money. I was raised on the 10% rule and have passed it on to the next generation. It is written in parable form, so it's interesting as well as instructive. I highly recommend this book of wisdom for the youth in anyone's life.
I've read this book many times and I try to read it every year so as to refresh my memory and ensure my path. When I first read this, it was an amazing epiphany and I immediately took action. I was broke, about to lose my house, and looking for a way out of the hole I'd dug myself into. The rules within this book works well! I live in Hawaii now, in a nice suburban house, without worry of money. I am always surprised when I'm handed my next paycheck because I no longer count the days to each. Many thanks to the writer, the translator, the archeologist, and of course, the Babylonians!
Just thought I should write this review as a warning to others. The Richest Man in Babylon is one of my favorite books. It's a great "back to the basics" look at finances. When I'm off with my finances, I dig out my copy of this book. I thought about doing a study group with some members of my church. So, I wanted to check this one out because the "Now Revised and Updated for the 21st Century" part of the title led me to believe that it would be a more modern version maybe removing the thee's and thou's... kinda like an NIV vs KJV of the Bible. I WAS MISTAKEN!!!
It's both taller and wider than my current beat up version but the font they used is soooo small that I couldn't bring myself to make a detailed comparison- unlike the cover and back cover which are huge in comparison. They jammed 160 pages into 88 POORLY!!! I've never sent a book back before, but this one must go back!!!
So get the book, but not this version!!!
I read this book years ago. As a result I listened to one piece of advice and now will have a comfortable retirement.
Because I was a Christian I believed that I should tithe 10% of my income. I was tithing on my net income, not my gross. In my heart I knew that I should be tithing on my gross iincome. After reading this book, I decided that I should tithe on my gross, but in addition I should tithe (10%) to myself as well. That retirement is what got me through the crash in 2008 and has allowed me to purchase a small retirement property.
3 stars does not mean it is a bad book. Definitely worth a read, especially if you are interested in personal finance without the droll of a finance textbook. Three stars means that the beginning of the book was far stronger than the end, and after halfway the information started repeating a bit and the anecdotes were not as compelling as the beginning ones. However, this book was definitely unique and a quick read with lots of good information that still holds truth now.
This book should be on the summer reading list for every school. I read this when I was younger, and again recently. I read it to my 8 year old daughter. Sometimes a narrative like this is what people need to really understand things. For example, I could say "use money to acquire assets that will make more money, not liabilities or things that just depreciate." But that's just one sentence, and we might all soon forget it. When you take a set of concepts and put it into a story, it gives people a scaffold to hang their understanding on. That's what this book is. It's been around forever, and it is still highly recommended, and there is a good reason for that.
As for this edition, I found it to be fine. I wanted the original text, and this met the criteria.
First off, this was probably the 20th book about (finance, getting rich, making $, etc) I read. For my adult life I struggled with $, debt, bills, etc.
While the info contained within this book certainly is no secret, the story spoke to me in a way that nothing else had. Maybe it was the context, language, or the historical time tested theory, I'm not sure but whatever it was, it resonated.
I started reading this book a few years ago in a hotel room on Christmas eve.
Something about the stories, lessons, and history really spoke to me. I made a commitment and the following year saw me get out of the hamster wheel of debt that I'd been running in since I was 18.... And establish a respectable savings.
Some won't appreciate the stories, some may dismiss the lessons as "common sense" (despite the fact that they aren't applying them and are broke.)
Other stories, lessons, formats, may speak better to you.... That's fine.
But for me,
This book along with the millionaire mind are head and shoulders the two books that have made the biggest impact on me.
In short this book is about...
1. Saving money and
2. Investing that money intelligently to make more money.
I regret not reading this book when I first started earning
Note that this book doesn't contain any information on how to invest if that is what you are are looking for, it instead focuses on the habits one must cultivate in order to have more control over your finances. The book conveys this via short stories which are packed full of wisdom and are not boring to read through.
Must Read for anyone who just started a job and is clueless about how to handle his finances
This is a book I should have read in my early twenties not now in my mid forties! Simple wealth creating principles. Pay day today and I have "paid" my self promptly as the book suggested.
The old style English can be slightly off putting but as a KJV reader it was no problem.
It is otherwise easy to read, laid out in short stories and highlights at end to drive home points.
God help me, I will be teaching my children this book. Highly recommended for hard workers like me but with lean purses.
Great book! The author, writes about the wisdom of wealth possessed by ancient Babylonians.All historians agree with the fact that babylon was the richest of all of the ancient kingdoms, although it was located in the middle of a dry, arid desert.The information contained in this book is acquired by the careful transliteration of the ancient clay tablets discovered by archeologists over the many years after the discovery of the ruins of this once great kingdom in ancient mesopotamia.The first section deals with advice on money-making by a very rich & powerful man named Arkad.He is undoubtedly the richest man in Babylon for he even lends gold to the emperor in the times of crisis. The later half describes tales which are directly taken from the ancient tablets, all containing profound financial advice on the art of wealth-incremement.
150 odd pages, took me about 5 hours to finish it.Go for it, its really a good book unlike all those other books on the same subject that promise to provide a lot but is full of pseudoscience & BS.
Truly excellent book... if like me, you've heard of it over the years and never really got around to reading it - now's the time to hit the order button. Very well done and the old 'trick' - which is more a method - of using stories to get points across, and make them stick in the mind, is done perfectly. Invaluable advice/reminders, and have read this multiple times, as well as buying copies for others. Fully deserves it's status as a classic.
This book is second only to Mark Fishers ‘The Instant Millionaire‘, in my opinion, for must have books to help set you on the right road to financial freedom. (I haven’t read every single book out there so this is only in my experience).
The ‘fables’ style of providing life lessons is such a ‘digestible’ and fun way to learn important life lessons and put yourself on the road to financial freedom.
The ‘5 Laws of Gold’ and ‘7 Cures for a Lean Purse’ are simple but truly effective financial rules that are simple to follow with discipline.
‘Always pay yourself first’ is a fundamental life rule that has personally changed my life.
‘Gold cometh gladly and in increasing quantity to any man who will put by not less that one-tenth (10%) of his earnings’ is another exercise that can change your life once disciplined in performing this every payday.
It’s one thing knowing the techniques, but you much take ACTION to receive the rewards.
Another amazing book.
Writing this review after reading the book.
Author shared 3 main principle.
Save 1/10 of your earning
Spend 7/10 on your expenses
Create asset or clear debt with remaining 2/10
I am ranked 6245 in reviews I hope this review will help you. You can complete in a day or two. Author narrAted in a interesting way.
Lets face it, financial advice is a pretty dry subject but this book does a good job of keeping it interesting. I have to admit that the writing style caught me by surprise. I wasn't expecting a book completely worded as though it had been penned hundreds of years ago. For that reason at first I didn't find it particularly easy to read, but as it went on the style became familiar and I grew to like it.
At it's heart it's all simple advice but it seems to make a lot of sense. I wish I'd read this book 10 years ago and applied some of the concepts, I'd probably be sat on top of a 5 figure savings pot right now, and whilst that wouldn't make me rich - it would make me pretty comfortable!
I would hugely recommend reading The Richest Man in Babylon to anyone with even a slight interest in improving their financial situation. I'll come back and upgrade the rating to five stars when I'm the richest man on my street!
There is nothing to dislike about this oldie but goodie of a book. I just can't believe it was written in the 1920s and is still relevant today. It's even harder to believe that the book is written as parables. The writer was definitely way ahead of his times. Although the language is old fashioned, it is a delightful book to have. Everyone must read this book at least 10 x in their life. Let me drop the mic here. Thanks.
A very thought provoking book, that must put into action. It provides the simple truths and tools that many wealthy men have used to get to where they are today.
At least 10% of what you earn, is yours to keep.
20% to pay your debts
70% to live on.
Do not shy away from work! But work hard and let your money work for you! Invest wisely. Plan for your future.
I loved the simplicity of these financial principles. Having read a lot of newer finance and investment books this year I was pleasantly surprised but the overlap in foundation principles.
I found each parable a little clunky to get into but that probably says more about my reading than Clason's writing. Despite this I found each parable humorous and memorable. I plan to buy this in hard copy as I think it's a must have for my book shelf and I will definitely read it again.
The book focuses upon the general principles of accumulating and managing money with Babylon as the source of inspiration. There are some very primitive, yet sensible principles which are highly interesting. Some points are obvious, yet you feel you need to be reminded of them. A very different take on finance and one that works very well indeed. It had me hooked until the end. Highly recommended!
I very seldom write reviews, but felt compelled to write one for this gem of a book. If you don't know how your friends and family are able to buy their own property and seem to be becoming wealthier by the day, but you're still living with parents wondering how you're going to get to your next pay day, then this is the book for you. It's very simple really, too simple some might say, but simple it is.
I highly recommend this book to anyone who wants to improve their finances and become wealthier. The book is written in a story format, which really makes it more interesting and easy to digest. It's a short read but the wisdom you will get from it will change your life and last a lifetime.
If you are fairly experienced in money management, there are not many new ideas in here, but I loved the way the messages were weaved into stories with interesting characters and in unusual and exotic locations. There are some valuable messages in here - it’s a must-read for anyone just beginning to get a grip on their finances, and a great reminder for those of us who are already well on the way down that road. Nice and short too.
Brilliant book that should be compulsory reading in schools.
Was recommended by an investing website as a starting point and I couldn't agree more. Largely common sense once you have read it!
Downside is that it repeats itself a bit but at least that reinforces the message that the author is trying to convey.
Cheap to buy but should repay itself in spades over the years if you follow the advice.