I’ve read The Richest Man In Babylon. A fable about the basics of gaining wealth, handling money and controlling your expenditures.
Table of contents
Although it is a book from 1926
The book is funny, the simplicity is astonishing and
No matter if you are interested in investing or personal wealth, the lessons from this book makes will give anyone who understands it a fundamental knowledge of controlling your financial destiny.
I would also recommend reading the book aloud for kids. I put it on my personal list of stories for my future kids.
One of the things making The Richest Man In Babylon a great book.
And what makes the book great to read for your kids.
Is that it is not one long story, it is composed of several short stories. Small tales and lessons about handling money that everyone can relate to.
Here is a pick of the different stories
One of the longer, and
It covers 7 sections on how one could journey from living paycheck to paycheck, to start saving and getting a fatter purse.
The book is in older English, and roughly translated those 7 cores:
This part of the book begins with a Babylonian saying about luck.
“If a man be lucky, there is no foretelling the possible extend of his good fortune”.
But as we delve into this section of the book, it shows to be another tale of how the Goddess of Good Luck smiles to those who work the hardest and save their money well.
One of the ways the goddess favours those who save is by giving those the possibility to invest in good opportunities when they appear.
I can attest to that, we’ve all known of a good opportunity at some point, and if we’d only had money to invest, we’d be more fortunate today.
The section also covers something about being able to see a great opportunity as it arises.
Conclusion. You are the architect of your own good fortune.
I really believe that anyone who can live by the simple rules of this book has the ability to create a substantial fortune for themselves, to pass on to their kids.
And if you on top on that can teach your kids to live by the same rules, I strongly believe that building your fortune would make your inheritors amongst the top 1% or even 0.1% richest in the world.
The Richest Man In Babylon is not a get rich quick book.
.. maybe that’s why I really like it.
The book is a fable about managing your personal finances smart and logically so that your kids and grandkids would enjoy your legacy.
And do remember the simple rule: A part of what you earn is yours to keep.
Yes, most definitely.
Especially if you are not an avid reader, this is still a must-read for you.
The book is short, cheap, and offers great opportunity to read one story at a time.
I bought my copy on Amazon.com