Book Review: The richest man in Babylon

George Samuel Clason wrote The Richest Man in Babylon more than eighty years ago

The Richest Man in Babylon may appeared to be just a short story about how a slave became the richest man in Babylon. You may think that Richest Man in Babylon is an inspiring short story, however that was not purpose of its publication.

When The Richest Man in Babylon was first printed, it was for purpose of providing financial advice. Richest Man in Babylon was originally in the form of pamphlets, for easy distribution to the public.

So folks, when you read The Richest Man in Babylon, please do not treat it as your bedtime storybook. Please treat The Richest Man in Babylon as your guide to get rich. You can read The Richest Man in Babylon again and again as view it as your financial guide in life. There are many financial lessons in The Richest Man in Babylon. Once you are able to put the advice into practice, and you will become rich, and become the next millionaire or billionaire in your country.

You will learn the following lessons in The Richest Man in Babylon.

The first lesson you will learn from The Richest Man in Babylon is to Pay yourself first

The theme of Pay yourself first runs throughout The Richest Man in Babylon. In fact, the only way you can get rich is to spend lesser than you earn. The best way to spend lesser than what you earn is to save the money first, as in pay yourself first, before you start to buy anything.

The moment you use the money for buying things, you are in fact paying the shop or supermarket that sells things to you. The money that you use no longer belongs to you. You are paying them, and not yourself when you use your money.

So folks, learn the first and most important lesson in The Richest Man in Babylon. Do learn to pay yourself first since this is the way to get rich. The Richest Man in Babylon recommends that you save at least ten percent of your income before you start to spend the money.

The second lesson you will learn from The Richest Man in Babylon is that Money generates money

The Richest Man in Babylon introduces the concept of the "children" of money. When you invest the money, the interest or dividends is the children of money. If you eat (as in you spend) the children of money, you are not going to get “children of children of money”.

The Richest Man in Babylon encourages you to invest and re-invest the dividends or interest that you make on the initial capital.

So folks, read The Richest Man in Babylon and learn to delay instant gratification. Learn to let the money generates more and more money for you and make you rich.

The third lesson in The Richest Man in Babylon is to Trust the right person

Some people never learnt how to trust the right person when it comes to investment. They prefer to listen to their colleagues and friends who are as poor as they are. They prefer to take financial advice from people who do not know how to get rich.

So folks, remember the lesson from The Richest Man in Babylon and avoid the common mistakes of these people. You have to trust the right person and learn to get rich from the rich people.

The Richest Man in Babylon imparts financial advice through story telling, about a slave who works hard to become the richest man in Babylon. Even though you are not a slave literally, you may feel you are a slave to your job. Many salaried employees feel the same way. They may work even longer than the slaves in the ancient Babylon.

The Richest Man in Babylon teaches to have the right habits, invest wisely, own the house you live in, and spend wisely. The Richest Man in Babylon shows that even though getting rich is a slow and painful process, it is possible for a poor man to become rich. The reward of being the richest man is worth all the sacrifices earlier on.

So folks, get a copy of The Richest Man in Babylon and read. Please read The Richest Man in Babylon again and again. The Richest Man in Babylon is written so long ago that the copyright has expired. You are able to download The Richest Man in Babylon free from the internet, so there is no reason why you cannot afford to read and become rich.