The Richest Man in Babylon, Paperback
4 out of 5 (9 ratings)


  • Format: Paperback
  • Pages: 196 pages
  • Publisher: Penguin Putnam Inc
  • Publication Date:
  • Category: Personal finance
  • ISBN: 9780451205360



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Showing 1 - 5 of 9 reviews.

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This is one of the best books of all time about finance. Follow the simple rules in this book and you will be wealthy.

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Great beginning primer on basic financial management

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According to Wikipedia, <i>The Richest Man in Babylon</i> began in 1926 as a series of informational pamphlets. Due to their popularity, Mr. Clason compiled the most popular of these pamplets into the book that exists today.I selected <i>The Richest Man in Babylon</i> as an audiobook because it's one of those classics that I'd just never gotten around to reading. As described in the previous paragraph, the book is a series of vignets about good, conservative money management. Among other things, the tales highlight the importance of: saving at least 10% of your money, choosing a conservative way to (invest) make your money grow, paying your debts, being entrepreneurial, working hard, and asking for financial guidance. This interesting thing about this book is that many others have taken one topic of the book and expanded it into a stand alone work - or even a series of works. So many examples come to mind...<i>Your Money or Your Life</i>, the Dave Ramsey books (<i>The Total Money Makeover</i>, <i>Financial Peace</i>, etc.), the David Bach books (<i>The Automatic Millionaire</i>, etc.), the Suze Orman books, etc., etc.While I found the book to be great foundational information, it's certainly dated with it's "where art", "thou", "makest", etc. language. This is intentional since it's conversation between men of Babylon. That's not really a problem so much as personal preference. There are several well written books that emphasize many of the same concepts in a more modern tone (which for me, makes it more readable). I would suggest <i>Your Money or Your Life</i> or <i>The Total Money Makeover</i>. This book provides a very high level overview (but lacks in some details) of what must be done if you want to build wealth over the long term. It's also one of the original books on that topic. For those reasons, I gave it 3.5 stars. It is a good book and I would recommend it to others.

Review by

This book provides the reader with sound financial advise all the while being disguised as ancient parables. The advice is practical, and is easy enough for anyone to follow in establishing ones own financial freedom. The steps to follow are all there in black and white. I found myself nodding in agreement as I read this book. I only have one problem.......I am not financially stable. Why you may ask? I never practiced what I read. Shame on me. Hmph!!

Review by

This book, considered a "classic" by professional networkers, home-based business owners, self-help aficionados, and Network Marketers, comes close to living up to its potential.Written in the 1920s, it has some dated aspects which make it somewhat distracting in today's politically-correct culture. Yet, the narrative, which reads like a translation of an ancient text, actually helps set it apart from all the other books out there, dealing with personal finance.The question is, how does one become wealthy?And we get basically the same answer that any reputable book will provide: save some money (they use the requisite 10 percent here), and spend less than you make. But there are a couple emphases placed in this book, in which it does add some real value:First - there are only three real major pieces of advice found throughout the book. Each of the three are sliced and diced in many different ways. But I like the simplicity of having only three major points.The first is found everywhere else: save some money, and spend less than you earn. And the classic ten percent is recommended.The next two, of the three, are different:1) Increase your earning potential.2) Pay back your debts.I found the third to be the most instructive, and even convicting. The person that pays back debts in a timely way, may still need to ask for loans - but if you are good about attempting to pay them back, it will be easier to obtain money in the future. And personal loans from friends and family are always to be preferred over institutional loans.So - this book is not all it is cracked up to be, but good nevertheless. You can read it in a day, and should.Now - here's to paying back all my debts, first, and quickly!

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