The Richest Man in Babylon

by George S. Clason

1052

  • Difficulty Level : All Levels
  • Length : 144 pages ( roughly 1 day )
  • Type: Money Management
  • My Rating: *****

Book Review:

This is a book I will recommend to all people irregardless of race, age or religion. A simple book that most people will be able to read and comprehend important money management ideas in layman terms.

It can give a good basic framework to those people who just started out working. For those who have read or have some idea of money management, this book should supplement or refresh some ideas or parts of their financial concept.

3 Major Themes 1) Save 2) Invest Wisely 3) Watch your spending

Summary:

  1. Pay yourself first. ( Save a portion of your income first )
  2. Do not spend more than what you earn
  3. Concept of Budgeting
  4. Money saved should be Invested for it to multiply ( Power of compounding )
  5. Do your homework on what you wish to invest or spend
  6. Opportunities do not wait for those who procrastinate
  7. Perfect the skill of your profession so you can earn the money
  8. Self worth hinges on your own determination ( if you think you are worthless, you will be. One has to be determined to strive in whatever direction he or she will like to go towards )
  9. Focus, Determination and Hard work (+humble) will increase your chances of success

Buy the book Ebook


 

 

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