Rating: Summary: PRINCIPLES SO SIMPLE THEY MAY BE OVERLOOKED BY MOST PEOPLE Review: I have read many books that related to investing and this book, which I have read at least three times, is by far the best. The principle of saving ten percent of what one earns works as well for us today as it did for those those of ancient Babylon many thousands of years ago. This book teaches us not only to save ten percent of all that we earn, but to make the savings also grow, which is compounded growth. It doesn't get any simpler than this.
Rating: Summary: It is a Classic! Review: There will never be another book like The Richest Man in Babylon. It is the most important book in financial planning, for it warns you of the dangers involved when you have desire for sudden financial success. We can see that in the collapse of the internet companies!
Rating: Summary: Timeless advice for the 21st Century Review: Set in ancient Babylon, this book is a collection of articles written in the 1920's and 30's. Although the writing style may seem dated to modern readers, the advice is as true now as ever. Each story teaches a lesson on a valuable point, many of which we've all heard before, (pay yourself first, pay your bills on time, etc) but presents these points in a way that they are more easily taken to heart. As you follow the characters in these tales, it is easy to think of examples of how you can apply these principals in your own life. Following the principals of this book can help anyone become financially secure. Robert Kiyosaki (Rich Dad Poor Dad) includes this on his must-read list, and so do I.
Rating: Summary: Classics -- The financial mind opener Review: If there is one thing I have to say that makes me get out of our debt, it's the stories vividly told by George. If there's only one thing I can mention that paves my way to become a professional personal financial planner, it's this little book by Mr. Clason. Today, I always have George Clason's "The Richest Man in Babylon", 5 in English and 5 in Chinese, nicely wrapped, in my gift stock. Whenever I met a fresh client or friend who have not yet built the belief that he/she could be a millionaire, this booklet is the first present he/she would received unconditionally. While most writers in financial planning says it takes only a fifth graders' mathematical knowledge to understand most of the truth about being financially freedom, this booklet is powerful and inspirational to tell all the basic truth for virtually every body. I found it a powerful tool to educate the kids about spending, savings and giving. In particular, the story about the confession by the Nottingham archaeologist Prof. Shrewsbury would save a lot of people from their debt.
Rating: Summary: This should be read prior to High School Graduation Review: This book is an incredibly insightful book, that really needs to be read slowly and really digest the parables that are being recounted. Specifically these items are very important: *He must pay his debts with all the promptness within his power, not purchasing that for which he is unable to pay *He must take care of his family that they may think and speak well of him *He must make a will of record that, in case the Gods call him, proper and honorable division of his property be accomplished *He must have compassion upon those who are injured and smitten by misfortune and aid them within reasonable limits. He must do deeds of thoughtfulness to those dear to him. *Cultivate thy own powers, to study and become wiser, to become more skillful, to so act as to respect thyself. Thereby shat thou acquire confidence in thy self to achieve thy carefully considered desires.
Rating: Summary: Timeless Financial Advice for Everyone. Review: Twenty-five years ago, I sold radio advertising and had a client who seemed to have it all. Owned two of the town's best restaurants, drove a Porsche and a BMW, the hot cars then, was always taking a week or two off to go skiing or something and was only one year older than me. I'd spent a lot of time with the guy--he wasn't a great brain, terribly clever or witty. But he knew how to handle money. After calling on him for a couple of years, I figured I knew him well enough to ask him how he did it. I expected to hear he was deeply into commodities trading, or had an uncle who worked on Wall Street, a wealthy family or something like that, but he said it was really very simple. Once a year, he read The Richest Man in Babylon, and the rest of the year, he tried to apply it in his daily life. Well, you know how it is with people who Get Relgion. I wasn't in a place where I could accept that something so simple as reading a hundred and fifty pages of Ye Olde Storey could actually turn my financial life around, but I bought a copy. And about a year later on a rainy Saturday, I started reading it and couldn't put down. I know that's a phrase you see repeated in countless Amazon.com reviews, but it was true. The characters from the book reached out across thousands of years and grabbed me by the lapels and shook some sense into me. I have tried to re-read the book at least once per year, every year since then. Something else: I've tried to give away two copies per year, to people I know and love who I feel can benefit from not making the same mistakes I made in my mispent youth. There aren't any magic formulas in this book. There is nothing about options or day trading or investing new whatever the latest new technology is. It's almost math-free. Kind of ironic, when you turn the pages of the average business best seller and try to figure out the charts and graphs and algebra. This is a book that ought to be used in our schools. It's written in a wonderful old-world style and the characters are real heroes, grapling with many of the same issues we struggle with today--they're just doing it without cable-TV and the internet. You want a new Lexus? These folks talk about how hard it is to survive without one of the newest-model chariots. It's the same thing, really. Do yourself, your spouse, your children, your neighbors a favor. Buy a few copies of this one. Keep one for yourself, and give away the rest. Mark yours up. Underline it. Make notes in the margins. Try to re-read it whenever you feel yourself being tempted to pop for ADSL or new cellular phone or a ski trip or the latest and greatest widget. Read a single financial book, and you get a few good ideas. Read two and you get a few more. Read several and you start to get very little new information. I've read dozens of titles, from Andrew Tobias to Martin Zweig. But I'd recommend you start right here. If you never read another book on money, you will have a very sound basis for a very good life, after spending a day in ancient Babylon and watching how they learned to handle money thousands of years ago. This is the money book to buy if you're only buying one.
Rating: Summary: Real stuff, no fluff. Review: Gives simple, applicable, and elegant rules to attract and keep money forever without being a miser, accountant, or unsatisfied with family life. First, unlike today's books which tell you fluff in order to lure you into buying more of their products, this guy from 6,000 years ago has no such interest and tells all the secrets to making money, the sure and safe way. Second, this book has stories which do not use baseball and football game examples, which are so common in today's books. Not everyone plays these games and for those, the sports-oriented examples prove to be an obstacle to understanding the moral of the stories. The stories in this book are understandable by all, because they are simple and do not have cultural biases. Third and last good thing is, even though the stories have an old-time setting, the lessons are as applicable today as they were then. You can apply the rules to your kids as well as to your business. Secrets to making money, paying off debt, and still enjoying life to the fullest with your family.
Rating: Summary: LIFE CHANGING Review: After reading many books on finance and success I can honestly say this one changed my life. I've never looked at money the same way since. Mr. Clason's idea's are easy to grasp and he repeats them in interesting ways so you begin to commit them to memory. DO NOT WAIT TO READ THIS BOOK! Get on the road to financial success today.
Rating: Summary: Amazing Review: This book is amazing, originally written about 75 years ago,it is timeless. All books about personal finance are definitely based on the ideas presented in this book but in different words. This book is truly engrossing, and very understandable. If you want to get wealthy and help ensure weath in your family for generations to come, then please read this book , and teach its sound concepts to your children.
Rating: Summary: Stories so good you'll forget you're learning about finance! Review: This is the best book I've read on personal finances. I avoided it for years because "Babylon" doesn't represent the nicest place in Christian language. Glad I got over that! The wealth of easy to understand information in this book makes it worth reading annually. . .at least!
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