The book The Richest Man in Babylon was a fascinating read for me and I’m sure anyone that has read this timeless classic would agree. This book is mainly about lessons on creating wealth and learning how to form good financial habits. This is done through a variety of different life stories from wealthy individuals that had sought to become wealthy in the richest city of the ancient world.
The Richest Man in Babylon
This classic book takes place within the ancient world and in the great city of Babylon, which is famed for its great riches. The ancient Babylonians came up with the main principles for building wealth that are still relevant in our world today. You will hear stories from the “ancient Babylonians” themselves, as the book is filled with their shared stories. Their stories range from learning from failure, building great plans with mentors, or learning things on their own the hard way.
You will learn key principles from these smart ancient men. Some of these principles include:
- Living below your means: save at least ten percent of your income and do not use that money. You should always be saving money for emergencies, anyway. Eventually, you should be saving to build wealth.
- Do not take on lots of debt: don’t drown yourself in a ton of debt or else you will always be living to pay your debt instead of allowing yourself to live below your means and save that important 10% of your income.
- Build your wealth: once you’ve been living below your means and have saved up some money, you should put that money to work and use it to earn you even more money. The book relays several stories of men that used their savings to build wealth and the rules they followed to get them there.
The Richest Man in Babylon is a really great read and it will teach you a lot of valuable information. The vintage book itself is a pretty short read, which is impressive considering how much great information is crunched into it. If you implement some of the principles this book as to offer, you will definitely improve your financial future. The stories and lessons in the book may seem outdated because of the style it’s written in, but the lessons themselves still hold true to this day. Admittedly, it has some writing that may make it tougher for some people to get into.
- Quick and easy read
- Very informative
- You will learn a lot of information that could change your life
- Tougher writing style
- Sometimes it can be hard to tell when the storytellers have changed
I would definitely recommend that you check out this book. It is a short read that you will get a lot out of – as long as you give it a chance. I can see some people being turned off because of the writing style since it’s written with some old-school language, but don’t skip out on this awesome read and everything it has to offer. If you would like to check out The Richest Man in Babylon, you can get it for a great price on Amazon and, if you’re a prime member, get these great lessons shipped to you in two days!