The Richest Man In Babylon is a series of parables set in ancient Babylon concerning financial wisdom. In these blinks you’ll find these parables distilled into modern day advice that can help you accumulate wealth.
Who should read these blinks?
- Students of finance and business
- Anyone interested in getting back to the essentials of financial planning and investing profitably
- Anyone who wants to find out about the secrets of the ages – or common sense that has never become common knowledge
Who wrote the book?
George S. Clason was a distinguished American businessman and author. He is best known for writing a series of pamphlets about financial success set in ancient Babylonia, and the best of these pamphlets were later collected into The Richest Man In Babylon.
What’s in it for me? Learn how you can become lucky
Once upon a time in ancient Babylon there was a very rich man named Arkad. In fact, he was the richest man in the land.
Seeing this, two of his childhood friends approached him to ask how he had become so wealthy while they had worked very hard and yet could barely feed their families.
Arkad smiled and told them that in exchange for his services as a scribe he had once been told the secret to wealth by another rich man.
The secret was: “A part of all you earn is yours to keep.”
In other words, you must not spend all you earn, but rather invest it, and invest it wisely.
This is what Arkad had done to get started: he saved up enough money to lend to a shield maker, who then paid interest on the loan, thus growing Arkad’s wealth.
The Richest Man In Babylon consists of parables like this one, and in these blinks you will find the advice that can be distilled from them translated into a modern day setting.
You’ll also read about why you should never lend money to a lumberjack, unless it’s for a tree felling business.
Finally, you’ll discover why good luck is just a matter of working hard.