The Richest Man in Babylon

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Summary: Plan for your future by thinking long-term
Review: I have read this book twice myself and have given copies as gifts to friends. This book reinforces the immense need to take a long-term view of financial planning. It simply encourages discipline and encouragement to develop and stick to a plan. At just a few dollars, this book may be the best investment I will find in my lifetime. Written in simple terms, the concepts are simple. Nevertheless, as time marches on, I believe greater percentages of our society are financially unprepared for the present, much less the future. This book could help anyone, at any income level, improve on their current financial situation

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Summary: Best book on personal finance I have ever read
Review: I have read this book 2 or 3 times, and always find something new to consider. In fact, I've given this book to both employees and peers who've complained to me about personal financial matters. Unfortunately, it seems the people for whom this book was intended rarely get the point of self-discipline. Nevertheless, it has been helpful to me to see in print confirmation of many of my personal beliefs about handling personal finance

Rating:
Summary: Best book on personal finance I have ever read
Review: I have read this book 2 or 3 times, and always find something new to consider. In fact, I given this book to both employees and peers who had complained to me about personal finances. Unfortunately, it seems the people for whom this book was intended rarely get the point of self-discipline. Nevertheless, it has been helpful to me to see in print confirmation of many of my personal beliefs about managing finances

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Summary: Timeless advice on handling money and putting it to work.
Review: The Babylonians are the people who invented the concept of "money" more than 5,000 years ago. The same principles that applied to earning and accumulating wealth then still work today. This little book of parables about ancient Babylon provides a fresh point of view to modern readers that has worked to inspire probably millions of readers since the book was first published in the 1930's. Excellent and practical advice, should be required reading for high school and college students before they start their first real job.

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Summary: Excellent book. Should be required reading in high school.
Review: There is a song popular today: You Gotta Be by Desiree. Says: "read the books your father read". I wish my father had read and shared this one with me. It is not so common, common sense about accumulating wealth, getting out of debt. Wise investing. An excellent set of rules every wise man lives by to become wealthy.

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Summary: MUST READ WEALTH EDUCATION!
Review: If you read no other wealth creation book, then read this one.
An all time classic, written in old style stories that explain the simple steps people can take to get their finances under control.
Essential for your book shelf!

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Summary: Very simplified investment advice.
Review: Save 10% of everything you make, putting it to work for you. Put another 30% towards debt relief. Keep expenses low and live off the rest. That's what made the Richest Man in Babylon so wealthy, and that's the advice her for you and me.

Nothing too profound here, but worthwhile thinking for anyone in debt trouble, and the focus on cutting personal costs is important.

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Summary: An excellent book to start your financial education off with
Review: This book is an absolute must read for anyone wanting to increase their financial intelligence. Although, many of the ideas in the book arewhat some people would call "common sense", it is the delivery of these ideas which make this book a gem. Every financial principle that this book presents is encased in a fable and repeated more numerous times. It is the presentation of the principles which truely allow people to internalize them and apply them in their everyday lives!

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Summary: A supersimple guide to financial success!
Review: When I asked a millionaire lawyer how he was able to attain his wealth, he recommended me this book, telling me that it had the greatest influence on him of any such book. Naturally, I had to check it out!

This book was written in the 1920s, but is as relevant now as it was then - and prior to that time, as well. It is written in an allegorical format, making it much easier for the reader to understand, relate, and put into effect the ideas described in this book. If there are two major ideas to be learned from this book, they are, "pay yourself first" and "invest your money and your money's money." It does sound like common sense, but you will be amazed how few individuals actually practice them.

Even aside from the financial lessons contained herein, the stories are rather entertaining. I would wholeheartedly recommend this book to anyone, either as a gift or for one's own benefit. This is one investment you cannot afford to forego!

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Summary: Timeless Wisdom for Financial Success
Review: "The Richest Man in Babylon" along with "The Baron Son" by Vicky Therese Davis are two of my favorite financial parables. While one appreciates "The Baron Son" for its depth, one will also appreciate "The Richest Man in Babylon" for its simplicity.

For those that wish understand how to make money work for them, this is a great financial start.

The book's core principles can be summarized into its 7 Cures for a Lean Purse:

1. Start thy purse to fattening - Save 10 % of your income
2. Control thy expenditures - Budget effectively so that you may have the coins to pay for expenses and worthwhile desires without spending more than 90% of your earnings
3. Make thy gold multiply - invest your savings to build a stream of income
4. Guard thy treasure from loss - Protect yourself from unwise investments and invest only where your money will be safe
5. Make of thy dwelling a profitable investment - It is recommended that every person own their own home
6. Insure a future income - Provide in advance for your needs in old age and the protection of your family
7. Increase thy ability to earn - Through study, become wiser and more skillful so that you will always be in the forefront of progress

Ultimately, this fun guide to financial understanding will show you very simply how to acquire, retain, and grow your earnings. Read it, and learn why millions of others have been inspired to change their spending and investing habits with these ancient secrets of success.