The Richest Man in Babylon By George Clason
The Richest Man in Babylon is a book by George Samuel Clason that dispenses financial advice through a collection of parables set in ancient Babylon. Through their experiences in business and managing household finance, the characters in the parables learn simple lessons in financial wisdom.
Originally a series of separate informational pamphlets distributed by banks and insurance companies, the pamphlets were bound together and published in book form in 1926
Bansir and Kobbi meet with Arkad, asking him why fate has favored him so much that Arkad has grown rich while they remain poor, even though they’ve worked harder than Arkad has.
Arkad replies that he was once a hard working scribe who made a deal with a very rich man, Algamish, for the secret to wealth in return for a much needed copy of a law immediately scribed into clay.
The rich man agreed and the next day, when Arkad delivered the carving, the rich man delivered in return the secret of wealth. “I found the road to wealth,” he said, “When I decided that a part of all I earned was mine to keep. And so will you.” (emphasis in the original) Arkad then relates that he asked the same question that is undoubtedly on Bansir and Kobbi’s minds, “Isn’t all that I make mine to keep?” Algamish then said no, that a man had to pay for his clothes, for his food, etc., but that if he regularly saved at least a tenth of his income (and as much more as he could afford to save) and put that money to work earning interest, he would become wealthy.
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Praise for The Richest Man in Babylon
“What can a book written in the 1920s tell modern investors about their finances? A whole lot if it’s George Clason’s delightful set of parables that explain the basics of money. This is a great gift for a graduate or anyone who seems baffled by the world of finance and a wonderful, refreshing read for even the most experienced investor.”—Los Angeles Times
“I first read The Richest Man in Babylon many years ago. Its philosophy worked for me then, and it will work now for anyone with the good sense to stick to it. I think it ought to be read by every young man or woman with ambition to make something of life.”—Chicago Daily News
“Recently, several readers asked me for recommendations on books that introduce teenagers—and even pre-teens—to investing… My favorite, and one that I always mention, is The Richest Man in Babylon. Though published nearly 90 years ago, the financial advice dispensed by author George S. Clason will always be relevant to a new generation of readers. Set in ancient Babylon, the characters learn simple lessons about money and investing throughout the collection of short stories.”—Chicago Tribune
“Full of time-tested advice on saving and investing.”—The Washington Post
About the Author
The author uses parables to help readers achieve financial success.
George Samuel Clason was a writer and businessperson who had served in the United States army. He was the founder of two companies, Clason Map Company and Clason Publishing. He was married twice during his lifetime.
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