The Richest Man In Babylon, by George S. Clason, is a must-read book for all those who want to reach the pinnacle of financial success. The book teaches readers more than a thing or two about being thrifty, saving and investing wisely through timeless Babylonian parables.
Summary Of The Book
In Babylon, Arkad, Bansir and Kobbi happen to meet and discuss their respective financial standings. The latter two then ask Arkad his secret to wealth, the answer to which Arkad gives by relating his past experiences. At the end of Arkad’s story, which involves Algamish, an extremely rich man and his advice to this Babylonian, Bansir and Kobbi learn about the road to richness. Algamish in particular, advises Arkad that every man must save at least one tenth of his income and if possible more to become richer.
The Richest Man in Babylon is essentially a compilation of parables that dispenses advice on financial matters to one and all. The characters created by Clason are relatable to readers as just like the common man, they too go about managing their business and personal finances. It is this relevance of the book to ordinary householders that makes it an uplifting classic to people even in the modern era, although the stories are all set in ancient Babylon.
This timeless read very effectively puts across the crucial message that one must learn to live within their means. Saving and investing have also been given their due importance in the book as a means to becoming richer. What additionally makes The Richest Man In Babylon a compelling read is the fact that it has been written in such a well-written language that there probably is no one who has read the book that has not understood what they exactly need to do to improve their financial standing.
Originally written by Clason as individual pamphlets to be circulated by insurance firms and banks, the notes were bound in a book form first in 1926. So far, the book has sold more than 2 million copies worldwide and is regarded as the best book for all ages for those seeking financial advice.
About George S. Clason
George S. Clason was a writer, a businessman and a soldier.
Other much-read publications of Clason include Gold Ahead: A Book of Financial Insight for Those Who Desire Personal Financial Success.
Clason began his working years as a soldier when he served the US Army. Later, he established two companies, Clason Publishing Company and Clason Map Company of Denver Colorado. Clason married twice in his lifetime.
The Best book on Personal Finance
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Useful Information that will Influence your Money Manners
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A good book to educate people about savings and investments. Surprisingly, It was published in 1926 and yet the money principles are so relevant even in today's world. A must read for people looking for insight in money and it's management.
Certified Buyer, Manipal