The Richest Man in Babylon (Book Review)

The Richest Man in Babylon a book written by George S. Clason in 1926 shares principles people can obey to obtain financial freedom. Knowing fully well that money is required to bring our ambitions and desires to fulfillment, the author shares unchanging principles that can be obeyed to obtain it. Like the law of attraction, the principles shared in this book are unchanging as a result, pay attention to them.

Some quotes in the book

You must learn to live upon less than you earn and seek advice from those who were competent through their own experiences to give it

You must learn to make money work for you

A part of what you earn is yours to keep

The author shares The Seven Cures of a Learn Purse and The Five Laws of Gold that can enable one to fatten his/her purse.

The Seven Cures For a Lean Purse

1.  i. For every income, you receive keep and pay yourself. Save 10% or one-tenth of it for yourself.

2.  ii. Write down the things you will spend on, select those things that are necessary, and cross out the unnecessary things.

     iii. Put your money into laboring that it may reproduce its kind even as the flocks of the field and bring to thee income, a stream of wealth.

4.  iv. Before thou entrust money as an investment in any field acquit thyself with the dangers which beset it. Be not be too confident of thine own wisdom in entrusting thy treasures to the possible pitfalls of investments.

5.   v. Build your house.

6.   vi. Insure a future income. A man may buy houses or lands for this purpose.

7.   vii. Cultivate thy own powers to study and become wiser, to become more skillfull.

            

        

The 5 Laws of Gold

1.   i. Gold cometh 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.

2.   ii. Gold laboreth diligently and contentedly for the wise owner who finds for its profitable employment, multiplying even as the flocks of the field.

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

4.   iv. Gold slippeth away from the man who invests it in business or purpose which he is not familiar or which are not approved by those skilled in it.

5.    v. Gold flees the man who would force it to impossible earnings or who followeth the alluring advice of trickers and schemers or who trust it to his own inexperience and romantic desires in investments.

Though The Richest Man in Babylon was first published in 1926, it has inspired many in the 21^st century and enabled them to gain financial independence. Click on this link to download and don’t forget to share it with your friends and family.

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To your innermost growth,

Antonza Calvin Karim