"The Richest Man in Babylon" Book Review By Abiiinabu

The Richest Man in Babylon

The Richest Man In Babylon

• The Richest Man in Babylon: Author-

George S. Clason

• The Richest Man in Babylon: Book Genre-

Classic, first published in 1926

• The Richest Man in Babylon: Summary:-

Bansir, a chariot maker in the great city of Babylon wants to be rich. He wants more and more gold to fulfill all his desires and also to live a lavish and happy life. One warm day at the bank of the Ureftus river he is thinking about all his money-related problems, his friend Cobi comes to meet him. Cobi asked the reason for his friend's tensed face. Bansir replied with so much sadness that Cobi who wants to see his friend happy also gets tense. Then Cobi suggests that they can go for a meet of his friend Arkad, who is now The Richest Man in Babylon. Bansir, Cobi, and all his friends want that Arkad will give them some advice for making money and to be rich. 

Will Arkad give them the right pieces of advice? Or he only bluffed like everyone else in Babylon?

The words of Arkad are like a real treasure for even today's generation. What will Arkad tell his old friends? It is well written in the above book. 

•  The Richest Man In Babylon: Overview:-

 Although the nature of this book is like a real treasure. Even a single line of Arkad is extremely powerful and meaningful also. I enjoyed the storytelling style of Arkad to explain things in money matters, which are usually a boring topic; but the writing style is pretty interesting. I enjoyed the fast pace and the straightforward style of the book. Arkad, Alaggish, Dabasir, and also Meddigo come to give you the right advice or the main key point related to your money. I read it in only a single sitting, which is itself a recommendation for the story and to mine personal perspective (Everyone wants to be rich later 8000 years also, so am I Ha ha ha !!!)

The book considered The Bible of financial freedom because it has the potential to turn your copper (low savings) into gold (higher amount of money). All the lessons give us a bright and positive approach to saving money and doing hard work. This book will surely relate to every person who has struggled in his life for money and was unable to earn enough of it. With every chapter, the concepts about money will get clear to you how to start building wealth, how to keep it, and how to multiply it. I learned a lot of new truths about life, first, it will be difficult for me to understand but once I start understanding the timeless principle of money it will be easy for me to acquire wealth lessons. 

 Not a single word that will be out of this book is impractical, every principle can be applied by any person at any time.

 If you want to get wealthy and gain financial wisdom then this book is for you. This book is the key behind many other financial learning books. The language used in it is a bit old so you might have a hard time reading it but once you get hold of it you will learn eternal principles for money-making and management.

• The Money-Making Secrets from The Richest Man In Babylon:-

1. Start by fattening your purse- Whatever you earn save at least one-tenth of your income for yourself. Always pay yourself first and save it.
2. Control your Expenses- Spend less than what you need. This is important as society loves to spend more and want to have what they can't afford and hence they live their lives in misery.
3. Multiply your gold- Invest your money smartly. Put your money to work. Once you have saved one-tenth of your income then you have the plan to make it work for you. Research the right investment for you.
4. Protect your wealth from loss- Invest in different places to reduce the chances of loss, and if required use insurance to protect your loss.
5. Research for profitable investment- A home or land is the biggest investment one can make, so before you make a purchase do your research to ensure that there is no risk in that and it will give you good profits in the future. 
6. Ensure your future- Use the power of compound interest in your favor. Use your youth to build wealth that will serve you in the future as well. Plan your retirement.
7. Enhance your ability to earn- Before investing anywhere else, invest in yourself. Enhance your knowledge and wisdom about money. The book quote that the biggest investment one can make is in them. Once you have built yourself, wealth will come to you.

•  The Richest Man in Babylon: Excerpt:-

1. “Men of action are favored by the Goddess of good luck.”
2. “It costs nothing to ask wise advice from a good friend.”
3. “Our acts can be no wiser than our thoughts.”
4. “Where the determination is, the way can be found.”
5. “Good luck can be enticed by accepting the opportunity.” 

Some other quotes that you might like:-

•  “Advice is one thing that is freely given away, but watches that you only take what is worth having.”
• “Preceding accomplishment must be desire. Thy desires must be strong and definite.”
• “A part of all you earn is yours to keep. It should be not less than a tenth no matter how little you earn. It can be as much more as you can afford.”
• “As for time, all men have it in abundance.”
• “If thou desire to help thy friend, do so in a way that will not bring thy friend’s burdens upon thyself.”

 

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