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Summary: A great place to start on the road to wealth
Review: I've given this book as a gift to friends and family and all have said how much they enjoyed the stories and the lessons contained in each. It's one of my favorite books.Save 10% (at least) of your income; pay yourself first. Put that money to work in a safe, profitable investment. Let time do the rest and you too will be free of financial worries one day soon.
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Summary: Very easy reading to introduce the concepts of wealth
Review: It is a very easy and light reading to introduce the concepts of wealth. It is based on a story how a man became rich in the ancient world of Babylon. However, the concepts are timeless, such as pay yourself first. Considering the time the book was authored, it is pretty impressive.
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Summary: Great book the first time I read it....
Review: The Richest Man in Babylon is a story that focuses mainly on a man named Arkad who is the richest man in all of Babylon. This wealthy individual is commisioned by the King of Babylon to teach his fellow man the basics of wealth creation. (Smart king if you ask me) This book has 7 cures for a lean purse (wallet/checkbook/bank account whatever) 1. Start thy purse to fattening - Basically save 10%+ of what you earn.
2. Control thy expenditures - Never spend more than you earn (I don't think a house counts on this though)
3. Make thy gold multiply - Put your saved money into something that will grow such as a mutual fund
4. Guard thy treasure from loss - Make relatively safe investments (you wren't planning on using your entire IRA on an option were you?)
5. Make of thy dwelling a profitable investment - In other words own you own house
6. Insure a future income - Save for your retirement
7. Increase thy ability to earn - Study for more skills, keep on learnin' I really enjoyed this book the first time I read it (in fact this book actually got me off my but and I started my brokerage account because of the power of Mr. Clason's writing), however this second time around I am not nearly as pleased, one of the reasons for this is the text is written like it is that time period (hundereds of years B.C.). Reed Floren
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Summary: The Origanal!
Review: This is the book that started it all! Rich dad, automatic millionair all of them have a foundation in this book. While Almost everyone knows what it says, save 10%, give 10%, it is how it says it that is important. A must read!
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Summary: lesons to be rich
Review: Classic. Very good. Save 10% of what you earn. Invest 10% of what you earn. Give 10% of what you earn.
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Summary: Solid wisdom for financial success
Review: It's been around for a while, in fact my father gave men a copy many years ago. It took me five years to read it and another twenty years to figure out how much wisdom it contained. I gave copies to my sons. The basic theme is that regardless of your income level or debt situation you can succeed and grow rich if you follow the simple formula. 10% for investment. 20% to pay off debts. And 70% to live on. The secret is the 10% to invest. Few of us can do that all the time, sometimes paying the electric bill takes all we've got and then some, but its good wisdom, and in a persuasive format. This is one of the rare books with simple yet profound wisdom. It ought to be read by everyone who wants to get out of the rat race, stop living from pay check to pay check, and start growing rich.
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Summary: Powerful and timeless
Review: I am still amazed that such a tiny book can deliver so much powerful and timeless information. The Richest Man in Bablyon contains the secrets of the ages and is a must read book for anyone who wants financial success. It should be read and reread, over and over.
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Summary: Timeless
Review: This is a very simple and practical book on personal finance. Narrated in short stories from the ancient city of Babylon, the basic principles of handling ones personal finances have remained the same- to live within one's means, save for the rainy day and not to be greedy while looking at investment options. The advice to pay oneself first - keep aside atleast ten percent of your income and the savings set aside in prudent and safe investments multiply manifold over a long period is at the core of this book. It is not necessary that one has to be stingy to save. It is a matter of planning and personal discipline. The stories and the characters are very interesting and is a good weekend read. This makes the book enjoyable to age groups.
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Summary: Still in a class of it's own
Review: I was introduced to The Richest Man in Bablyon nearly 30 years ago. This book is still in a class of it's own. Although written in a storybook style, The Richest Man in Bablyon also provides proven success principles. Aside from teaching how to create wealth, The Richest Man in Bablyon also teaches you how to maintain wealth. I found one idea about business saved me a bundle. The Richest Man in Bablyon is a good read and contains powerful, powerful material that will make a difference in your personal and business life.
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Summary: Good book on basic finances
Review: Good book on basic financial freedom, teaching basic concepts of paying yourself first, consulting a financial planner rather than relying upon tips from friends, etc. The book is easy to read and easy to understand.
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