Sunday, October 29, 2006

The Richest Man in Babylon

This short little book (143 pages), The Richest Man in Babylon, a collection of financial advice written 80 years ago by George S. Clason, is set in ancient Babylon, a city of great wealth, but also great poverty, where men can become slaves through debt, but can free themselves through hard work, thrift, and ambition. The basic rules of wealth then, and during the author's time, and even up to the present day are always and everywhere the same. This book illustrates these rules through simple parables about spear-makers, chariot-makers, money lenders, merchants and slaves.

I highly recommend it to anyone seeking to free themselves from financial slavery.

The inside cover details these 7 cures for having no money (they are fully explained in the book):

  1. Start thy purse to fattening.
  2. Control thy expenditures.
  3. Make thy gold multiply.
  4. Guard thy treasures from loss.
  5. Make of thy dwelling a profitable investment.
  6. Insure a future income.
  7. Increase thy ability to earn.


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