Written by George S. Clason in 1926, The Richest Man in Babylon gives financial advice by way of a collection of parables set in ancient Babylon. The characters in the stories have learnt, by their experiences in managing businesses and households, financial acumen and become very successful and wealthy.
The laws these ancients used are still relevant today.
This book has now become a classic in financial literature. Clason reveals the seven cures for a lean purse which are:
- Start thy purse to fattening (pay yourself first)
- Control thy expenditures (live within your means)
- Make thy gold multiply (make your money work for you)
- Guard thy treasures from loss (insure your wealth)
- Make of thy dwelling a profitable investment (own your own home)
- Insure a future income (have a retirement plan)
- Increase thy ability to earn (invest in yourself)
These are basic principles of how to get ahead financially in any time, not just in ancient Babylon or in the 1920’s. All that is needed is to read and digest the message in each story. It is very easy to read and become involved with the characters and their lives and see them as they grow from rags to riches.