Year of the Bookwormz: 2011

52 weeks. 2 friends. 1 challenge.

Book #26: Fabookulous August 1, 2010

The Richest Man In Babylon by George S. Clason

Book description:
Beloved by millions, this timeless classic holds the key to all you desire and everything you wish to accomplish. This is the book that reveals the secret to personal wealth.

Countless readers have been helped by the famous “Babylonian parables,” hailed as the greatest of all inspirational works on the subject of thrift, financial planning, and personal wealth. In language as simple as that found in the Bible, these fascinating and informative stories set you on a sure path to prosperity and its accompanying joys. Acclaimed as a modern-day classic, this celebrated bestseller offers an understanding of- and a solution to- your personal financial problems that will guide you through a lifetime. This is the book that holds the secrets to acquiring money, keeping money, and making money earn more money.

I heard about The Richest Man In Babylon from Dave Ramsey. A few years ago, I read The Total Money Makeover by Dave Ramsey and ever since, Dave has been my go-to financial advice guru. His advice is intelligent, in line with biblical teachings, and has proven results in maintaining a debt-free lifestyle and building wealth. In one of Dave’s podcasts, I heard him mention The Richest Man in Babylon by George S. Clason.

This is a very quick read and a book full of wisdom and advice for all of your financial questions. None of it will surprise you- it’s a lot of common sense. But the stories in the parables make the book so interesting. Must be that practical application that helps illustrate the moral of the story.

Most people know what they need to do to create and maintain wealth, but we live in a society where we spend money we don’t have to buy things we don’t need to impress people we don’t even like. (Paraphrased Dave Ramsey quote.) In an effort to keep up with the Joneses and afford ourselves all the luxuries and conveniences life has to offer, we find ourselves confused when debt piles up and we can’t pay the monthly expenses. We must not kid ourselves into thinking we do not need a financial advisor, teacher, or aid. That which we educate ourselves in is where we will excel. We should all consider reading one book a year regarding money and finances, or attend a seminar, or listen to a podcast of someone with principles you trust and believe in. In tough economic times such as these, this is more important than ever.

Divided into ten Babylonian parables, this quick read offers practical guidance and food for thought. Among the advice found here, are the following take-aways:

  • A Part of All You Earn is Yours to Keep
  • Men of Action are Favored by the Goddess of Good Luck
  • Better a Little Caution than a Great Regret
  • We Cannot Afford to Be Without Adequate Protection
  • Where The Determination is, the Way Can Be Found

This book can be read in one sitting if you had the time to set aside. I’ve suggested this to our small group as recommended reading. I recommend this book to everyone as practical wisdom regarding your finances. We can all use little reminders from time to time.

4.5/5 stars

Happy Reading,