The Richest Man in Babylon – The Original 1926 Classic (Reader’s Library Classics)
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Money is plentiful for those who understand the simple laws which govern its acquisition.
In the early 1920s, George S. Clason wrote a collection of parables set in ancient Babylon that provided guidance on one’s financial well-being. These parables were distributed as pamphlets to U.S. banking and insurance customers and were so well-received by the public that in 1926, the parables were collected into one volume under the title of his most famous story, The Richest Man in Babylon. Largely seen as a classic in personal financial advice, The Richest Man in Babylon has provided millions with guidance and inspiration for financial wellness.
Publisher : Reader’s Library Classics (April 1, 2023)
Language : English
Paperback : 124 pages
ISBN-10 : 1954839499
ISBN-13 : 978-1954839496
Reading age : 16+ years, from customers
Item Weight : 5.3 ounces
Dimensions : 5.25 x 0.31 x 8 inches
Customers say
Customers find the book interesting and entertaining. They say it delivers valuable lessons, is informative, and provides powerful lifelong tips. Readers describe the book as easy to understand, simple, and has a solid foundation for personal finances. They also appreciate the great financial advice and strategies for creating wealth.
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13 reviews for The Richest Man in Babylon – The Original 1926 Classic (Reader’s Library Classics)
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Original price was: $7.99.$5.99Current price is: $5.99.
San Lun –
Book Review: “The Richest Man In Babylon” by George S. Clason
Themes and Lessons:The book revolves around fundamental principles of personal finance and wealth accumulation, presented in the form of storytelling. Each chapter introduces a parable that illustrates a specific financial lesson, such as saving, investing, budgeting, and the importance of financial discipline. These principles are delivered through memorable characters and situations, making complex financial concepts accessible and practical for readers.Practical Advice:One of the strengths of “The Richest Man In Babylon” is its practical advice that remains relevant across generations. The book emphasizes timeless principles such as:Pay Yourself First: Setting aside a portion of earnings for savings and investments before spending on other expenses.Live Within Your Means: Budgeting wisely and avoiding unnecessary debt to achieve financial stability.Make Money Work for You: Investing wisely to generate passive income and build wealth over time.Clear and Engaging Writing:Clasonâs writing style is straightforward and engaging, making the book accessible to readers of all backgrounds. The parables are crafted to be both instructive and entertaining, ensuring that readers stay engaged while absorbing valuable financial lessons.Applicability and Relevance:Despite being published in 1926, “The Richest Man In Babylon” remains highly relevant in todayâs financial landscape. The principles it teaches are universal and can be applied by anyone seeking to improve their financial situation, regardless of income level or economic conditions.Critique:While the book provides timeless financial wisdom, some readers may find the ancient Babylonian setting and language used in the parables a bit dated. However, the core principles and lessons transcend historical context, making them adaptable to modern financial practices.Impact and Recommendation:”The Richest Man In Babylon” has had a profound impact on countless readers worldwide, empowering them with practical strategies for financial success. It is highly recommended for anyone looking to gain a better understanding of personal finance, wealth-building strategies, and the mindset required to achieve financial independence.Rating: 4.8/5Content: 5/5Readability: 4.5/5Practicality: 5/5Impact: 4.8/5
Daniel –
Great for all ages
I love that this book doesnât over complicate but instead makes everything understandable and simple so that anyone can apply the information into their own life. It has so much wisdom and knowledge, but does it in a storytelling manner. Itâs a classic and a must have for anyone who wants to be financially literate. Especially in this day and age I think everyone needs to read it.
Kent R. Spillner –
Invaluable Advice
The stories are great and do a great job of sharing timeless wisdom for wisely managing one’s finances. I think this book would make a great graduation gift for young adults about to set out on their own for the first time.
Zardoz –
Old time classic on money management
I read this book when I was a kid. It’s a good book. It gives you rather easy to remember principles in regards to making money and holding on to it. The story of Babylon just adds to the interest.
Kenny De Bique –
Excellent book
This book gave me a deeper understanding of financial literacy in a easy to understand way. Even though this book has been around for a long time it still has information that is still relevant today. Wisdom is truly more important than being ignorant in life.
MKN –
however it wasn’t always like that. The city of Babylon is a clear …
The richest man in BabylonWhen we speak of history, Babylon is a city that we associate with much wealth and prosperity, however it wasn’t always like that. The city of Babylon is a clear example of mans ability to achieve much even though they had little at their disposal.Babylon had only two natural resources, fertile soil and river water , through this and the wisdom they possessed, they were able to build one of the greatest cities ever. They engineered dams which allowed the water to flow onto the fertile soil, encouraging the growth of crops in abundance. It is believed the trading of these crops was the stepping stone for their wealth and splendor.Unlike other well known cities in history, Babylon was that which did not require the use of raiding to increase their profits, though it happened it wasn’t incidental to their success as many of their battles were on the defense against opposing forces who aimed to overcome this great city. Their defenses, the sky scraping walls they built, also considered as great as the pyramids of Egypt, were crucial in their survival, and is claimed as one of the seven wonders of the world.It is believed that the Babylonians were ahead of their time, they were skilled arts man, painters, weavers, jewelers etc, they were clever financiers and traders.Babylon though constantly besieged was never overthrown or entered by outside forces until 540 years before Christ’s birth. However it wasn’t because the opposing army penetrated the impregnable walls.The king at the time was advised to go forth to meet the oncoming army, in doing so, he was unfortunately defeated leaving the city open and unguarded.The city never achieved the greatness it once possessed and over time it became a desolate waste.Nonetheless though the city is no more. the wisdom of the Babylonians lives on, and we all can learn a great deal from the great city of Babylon.The book starts off with a man who desired gold, like every other human being we all want to be better and live better, to accumulate items we like and to bless ourselves with gifts. Bansir a chariot builder was discouraged at his lack of fortune, every day he did the same thing and barely got by, while others were living life ecstatically. He wanted more, and he observed the only way to increase his monetary value was to ask his good friend who done what he wanted to achieve and go where he wanted to go.”It costs nothing to ask wise advice from a good friend””Thou makes me to realize the reason why we never found any measure of wealth. We never sought it.”The book continues to the advice of the good friend and how he achieved his wealth and greatness and how he became the richest man in Babylon. Likewise, The richest man in Babylon, wasn’t handed a silver spoon neither was he a prince with an inheritance. He as well, had to ask one more well off than him how to obtain richest and gold for himself. The grand advice he received was “a part of all you earn is yours to keep.”From this the richest man in Babylon understood that he must pay himself first. From everything that he earned, one tenth was his to save, or more based on what he could afford. For “wealth, like a tree, grows from a tiny seed.”The rich man than went on to include what else he had learned from his mentor, the seven cures for a lean purse. (Empty purse)They are:1.) Start they purse to fattening: which is to put aside a tenth of what you earned, over time it will accumulate.2.) Control thy expenditures: carefully consider what is necessary and what isn’t. Don’t throw your coin to what which isn’t required.3.) Make they gold multiply: look for ways to get your gold to work for you, investments.4.) Guard thy treasure from loss: this ties in with number 2, to be careful with where we spend our money. We shouldn’t be rash with spending or intrigued by get rich quick schemes.5.) Own they own home, Make of thy dwelling a profitable investment: invest in obtaining thine own land. You can’t fully enjoy life unless you have something you can call your own.6.) Insure a future income: “save for a rainy day” comes to mind with this. We don’t know what the future holds, therefore we must save accordingly for a day that comes upon us unexpectedly.7.) Increase thy ability to earn: “the more of wisdom we know, the more we may earn.” Increase your knowledge to better hell yourself. “The man who seeks to learn more of his craft shall be richly rewarded.” The more you learn the more you earn.These methods for creating wealth were in the first half of the book. The author continues to include key knowledgeable concepts within the pages, from topics to “good luck” and “working for others”, there’s so much one can learn. The points are fundamental and simple but without a doubt are crucial. I’ve begun to adapt some methods and can see the effect it will have in the future.This book isn’t complicated or brain wrecking, it’s simplified tremendously but the impact regardless is grand. It also goes into detail concerning the seven cures for a lean purse and many other economical situations. Most would do universities courses in economics but this read i feel is a basis for any monetary exchanges and management. This isn’t just advice for the well off but for those who have little to nothing. Like the chariot builder, and the richest man in Babylon, these individuals had nothing but they made it into something.
Amber –
The Richest Man In Babylon
I just got this book. I am really enjoying it. It talks about money through the history of Babylon. If you want to learn how to manage money and create wealth this book is the one to read. It is great for anyone to read to get started on their wealth journey.
J. Dillon –
one of the best books for young people.
We bot this book as a gift for a collage student. So many millionaires will tell you that they read this book when they were young. We will buy more of these as gifts, it teaches a valuable life lesson not taught to many.
Carlos Meléndez –
This is a simple book. It is more like a fable of what to do to have some extra money in your pockets . All the concepts are appliable today but they do require you to have some discipline and criticar thinking over the long run
Lorene –
I wish I had this book when I was 17 years old and just about to start my adult life. It’s very informative and inspiring. I gave a copy to my 18 yrs old daughter and she’s very happy that I gifted it to her. She has started using the suggestions in the book and so far she’s doing great. I wish all young people who are just starting out had a copy of this book for their journey.
nweze victor –
Great book. So simple to assimilate. You can probably finish it up in a day with clarity.
Achiles –
Excelente livro sobre disciplina e persistência com foco em acúmulo patrimonial e liberdade financeira. Linguagem antiga que atrasa um pouco a interpretação, mas totalmente aplicado à realidade atual.
SCN –
Old but still relevant to this new world