Rating: Summary: This knowledge is Golden and Timeless Review: This book is so beautiful in its simplicity. It provides the quintessential, capitalistic concept that the majority seem to miss- on saving and investing. This book is not the in-depth 21st century read about investing wisely in today's markets, rather it is the all time read to acquiring and investing your wealth. It shows how everyone, even a lowly trashman can one day retire comfortably as long as he learns the "ways of money". It provides the basic concepts and you apply your current scenarios. Every time, without fail, you will come up with one thing: how to build your wealth. This is the TRIED AND TRUE method to increasing your worth. This IS NOT the get rich quick book you might be expecting. This book teaches you how to save, make your money work for you and in general how to be a lord of your wealth (or wise in the ways of money), as opposed to your money ruling you. Timeless and priceless knowledge that every single person not living under totalitarian or communistic rule should know so that they can seek their own financial freedom.
Rating: Summary: The Richest Man in Babylon Review: The book is a really good reading if you have a child that has just learnt the alphabet, and you want to make sure he/she won't squander all the money he/she ever gets or earns in the life. The ideas are really good, but if one didn't reach to these ideas untill the teenage period by him/herself it is probably waste of time to put any effort now. Alternatively you can read it in order to relax yourself or a child as it can be considered a fairy-tale.
Rating: Summary: Two thumbs up by financial advisor Review: I have been advising investors and writing books on futures and commodities investing for the past 11 years.When I discovered this book I realized for the first time that success can be planned. There are systems that can be put in place that will guide you financially towards success. This book is essetntial for everyone that is trying to get out of the mundaneness of living from paycheck to paycheck. The first person narrative that Mr.Clason uses really drives the points home. He really brings a biblical aire to his writings and makes his points feel like gospel. I recommend this book to everyone of my clients.
Rating: Summary: May you use their wisdom wisely Review: I came upon this book from the reference section in "Rich Dad, Poor Dad". Actually if you read all the books in that reference section, you will have realized that Kiyosaki has no original ideas of his own. But getting back to this book... The Babylonians were the first engineers, the first mathematicians. They were the first with written history and a system of currency. They built huge buidings and their fortress walls are one of the seven wonders of the world. Now, all these are gone, but their wisdom remains eternal. This book contains stories of the ancient Babylonians, each with an important lesson. There is a bit of repetition, but this lesson is so important it might as well be repeated throughout the book. This is the lesson of saving what you earned. Save at least ten percent. Even when you are not making alot, save that ten percent! And before you know it, you will have this huge amount of money that you don't know what you should do with it. But before you spend it on playstation games, wait! This money should be used to help you make more money. And the money you make from this, you save ten percent. Then you use this money to make more money and save ten percent of what you earned and so on and so forth. And before you know it, whamo! You are the next Warren Buffet. The other important lesson in this book is to work hard. Treat hardwork as a friend rather as an enemy and you will be rewarded greatly. These are more or less the messages of this book. Simple as they sound, you should definitely read the book yourself because the stories are just amazingly inspirational and heart-felt. Can you imagine they were carved in stone many centuries ago and still, they are some of the best writing and with MEANING as compared to most of the garbage writing printed out today? This is the second best book I ever read.
Rating: Summary: Richest man in Babylon?!? Review: Well,I would rather judge this book as a story about one rich man in Babylon than a financial guide sort of book. It doesn't say much, in almost every page you can find "10% of what I earn is mine to keep" - well I knew that already and it does work but not in the way the writer put it. I have used the calculator once I've finished this book, and as an average person, I wouldn't be able to put aside more than $20000 for 10 years. 20.000 for 10 years??? That's not enough. I am just wandering whether mr.Bill Gates or mr Richard Branson read this book and followed its instructions to become what they are now.
Rating: Summary: Not Preachy Review: I enjoyed this book. It presents in parable form seven simple rules of acquisition. The parables center around ancient Babylon and both successful and unsuccessful members of that kingdom. One of the great advantages of the book is that it provides extemely useful advice for many people in a manner that is not sermonizing or preachy. Normally I believe that most books of the self-help variety are a waste of time and that people should be able to take care of themselves instead of relying on professional hand-holders. This book is different. I believe every young person in particular should own one.
Rating: Summary: Common sense is not necessarily common knowledge Review: I have to chucle when people say that outstanding books like this one by George Clayson are just "good old fashioned common sense" and are complaining because of the books brevity. You missed the whole point!Common sense is not necessarily common knowledge.I used to work for a millionaire who credited the principles in this book for helpin create his fortune which was in the hundreds of millions of dollars. Save a dime out of every dollar. That is all it takes to start your fortune. But how many actually will do it?
Rating: Summary: Basic Book About Personal Finance Review: "The Richest Man In Babylon" is a very easy to read book about the very basics of personal finance. It's written partly in biblical style, part story, and part Socratic style. It wouldn't be a bad book to give to children/teenagers to teach them a bit about being financially conservative. That said, those knowledgeable about finance and investment won't find anything very new here. A lesson reads: "For every ten coins thou placest within thy purse take out for use but nine. Thy purse will start to fatten at once and its increasing weight will feel good in thy hand and bring satisfaction to thy soul." (Save 10% or more of your income. Don't forget to reinforce your suspenders.) The book continues: "Make thy gold multiply.... put each coin to laboring that it may reproduce its kind even as the flocks of the field and help bring to thee income, a stream of wealth that shall flow constantly into thy purse." (Invest your money). Each coin produces little coins that can make more coins (compounding). Of course, the opportunities for investment by a shield maker or spear maker were different than those for today's computer programmer or businessperson. But, the book explains, (with more thy's and thee's) that you probably shouldn't have the baker buy rare gems for you. Only invest in businesses run by people who know the industry. And, be industrious. If you've got a shield to repair that can earn you some coins, don't sit around on your purse bemoaning your lack of coins. Get off your duff and mend the shield. And, of course, increase your ability to create wealth by increasing your skills. Maybe, bigger opportunities like in chariot repair. "The Wealthy Barber" is another good book with a somewhat similar style, but set in the modern world.
Rating: Summary: Worth reading Review: Very pedagogical. The author organizes the book as if telling the legend of the richest man in Babylon. It makes the material more accessible. The principles outline are good too. Of course, I won't really know until later in my life but they seem sensible and have had what I consider a good impact on my life.
Rating: Summary: The Richest Book On Shelves Review: The Richest Books On Shelves In George S. Clason's "The Richest Man in Babylon," vital ancient secrets are told on how to get rich. This book represents the valuable information in a series of stories, which in turn make the book more interesting and easier to follow. As an example, one of the most useful tactics about money in this book is "The Seven Curses for a Lean Purse" (22). These seven curses become more evident to one once read through their daily lives, as they are not so common sense traps that everyone falls into. Along with the great secrets and stories, is the choice of words presented in the text. A clever mix of modern English and biblical style make the book an easier read while adding onto the stories. On a scale from 1-10, this book would definitely receive an 8 if not better, due to its secrets told and guidelines presented in it such as "The Seven Curses for a Lean Purse" (22) and "The Five Laws of Gold" (57). If one liked "Rich Dad Poor Dad" by Robert T. Kiyosaki or other books similar to it, one will enjoy this book. Once taught and told the secrets of this book, one's financial ways will differ and improve. Recommendations for this book go out to anyone and everyone who wants to get out of financial debt, and learn more about how to manage their money.
|