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Summary: Timeless advice - Incredible Book
Review: This incredible book has been a best seller for over 8 decades. First edition was released way back in 1926 and the message had been promoted by many others.Charles Givens calls it "the 10% solution" in his great classic "More Wealth Without Risk." Dave Bach simply refers it as "pay yourself first" in his best selling book "The Automatic Millionaire."Isn't it interesting how when we get paid, the mortgage, the grocery store, the utility companies, the banks, the fashion stores, taxes etc. always get paid first and then we try to invest or save what is left which is usually nothing. We work for the money and we are the last to see any of it.PAY YOURSELF FIRST!A passage from the book goes as follows; "All men are burdened with more desires than they can gratify. Because of my wealth thinkest thou that I may satisfy thy every desire? Tis a false idea. There are limits to my time. There are limits to my strength. There are limits to the distance I may travel. There are limits to what I may eat. There are limits to what I may enjoy." Before reading the Richest Man in Bablyon I felt that I had no limits and always put off saving that small 10%, a dime out of every dollar and pay myself first into someday I'll.This book convinved me that that someday is NOW!The Richest MAN In Bablyon is written in parables. It is an easy read but somehow, I doubt that many people get it. And I can relate to that, because I procrastinated at first too. I didn't get the importance of the message, at first.Many people tell me that they cannot afford to save 10% because they are already living on 125% of their income.My response is "great, because you won't even miss the other 10%"The winners strategy is DO IT NOW!Read, use and apply the wisdom in The Richest Man in Bablyon. Two other books worth reading are More Wealth Without Risk by Charles Givens and The Automatic Millionaire by David Bach. I also recommend The Truth About Money by Ric Edelman.
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Summary: The 10% solution to wealth & prosperity
Review: Although a slim volume of only 147 pages, this book is jammed with powerful information of how to create wealth. Set in ancient Bablyon, the book contains a series of ancient parables to make 7 points: 1) Start thy purse to fattening
2) Control thy expenditures
3) Make thy gold mutiply
4) Guard thy treasures from loss
5) Make of thy dwelling a profitable investment
6) Insure a future income
7) Increase thy ability to earn You will also learn of the five laws of Gold. I found the axioms at the end of each chapter interesting and helpful. Richest Man in Bablyon is an outstanding book and belongs in the library of anyone who is serious about creating and keeping wealth.
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Summary: Classic for personal finances
Review: In this great book, a series of timeless parables tell us how to deal with money in different circumstances. The strategies are sound and universally applicable. I love this book and have recommended it to others over the years. If you want to learn how to be your best, make the most of every situation, and bring out the best in others, I recommend another timeless classic called Optimal Thinking-How To Be Your Best Self. Optimal Thinking transformed my life of mediocrity to the best life I could have every wished for.
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Summary: The Best of the Best in Books
Review: I can't say enough good things about this book. You will smile and laugh as you read this book while the left side of your brain says, "This stuff is good advice." I love this book. Even experts in personal finance will find it entertaining enough to read cover to cover.
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Summary: Start to Fatten thy Purse
Review: I was introduced to this book by a friend, bought a copy and put it down for a year. It sounded strange that a book about ancient culture of Babylon has something to say about making money. Furthermore, the back of the book purports that it is written in easy to read Biblical style language. I never found the Bible to be exactly an easy read. Nonetheless, one day I decided to read it. I was really impressed to the point of inspired! Such logical and practical sense in how to make money without first losing your shirt. In fact, you not only get to keep your shirt, but also provide shelter, clothing and food for your family on top of it! It is not worth writing the formulas or ideas in this review because it would only lose the impact. Read it so the wisdom is in it's proper context. A great book, "The Richest Man in Babylon", written sometime in the early 40's, I think, continues to be an excellent resource in making money. I highly reccomend this book to anyone who is having trouble saving extra for the future.
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Summary: simple, smart and straightforward
Review: The Richest Man in Babylon is a series of stories set in the ancient city of Babylon, where people of extreme wealth and extreme poverty existed side by side. The reader is a "fly on the wall" as those who seek wealth ask the advice of those who have learned how to generate it. George S. Clason has taken several simple money management principles and wrapped them in colorful stories of an ancient culture, which reminds us that financial struggles and the principles of how to escape them are timeless. This book has travelled the years well because the dialogue is already that of another time. The author has cleverly devised a way to show how these principles also apply today. This book will give you a solid foundation for how to handle your money and get it working for you. Larry Hehn, Author of Get the Prize: Nine Keys for a Life of Victory
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Summary: Should be a mandatory book at school
Review: This is an excellent book for education/introduction to personal finance. This book has the merits not to be boring as many other books could be. It introduces you to several aspects of personal finance such as insurance, savings, investing... using simple stories, explaining simple concepts that everybody should know. Unfortunately, for some of us, our ignorance on this subject causes us a lot of troubles and sufferings.
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Summary: Simple, profound, important - a must-have
Review: Don't let the simplicity of this short, easy-to-read book make you feel like you would get more value from something denser or more complex. The fact is, financial basics ARE simple. This book presents them in a story set in Ancient Babylon, which reads quickly yet resonates deeply with financial truth. Is it really that hard to be rich? Clason explores such topics as spending less than you make, repaying your debt, saving for the future, and investing wisely. There are no secrets, no tricks, no insurmountable challenges - just the basics that have escaped much of today's credit-card generation. The best plan is to go ahead and buy two copies of this book, one for you, and one to loan or give away. This is too good to keep to yourself. An obvious classic for college grads or new families, the wisdom within is just as relevant and accessible for learners of any age. If the book has a fault, it is its failure to address charitable giving. Whether you tithe at church, or choose other non-profits to share with, giving is an important part of financial management that is not mentioned at all here. Regardless, Richest Man in Babylon is a classic for a reason - its wisdom has stood the test of time, and will continue to shine a light on a simple, straight, yet often-overlooked path to financial well-being.
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Summary: EVERYONE SHOULD READ THIS BOOK
Review: I loved this book.. . I first saw it on a friend's bookshelf a few years ago and borrowed it. In the end I decided it was a "must have" book, so I bought my own! It's quite fun to read, and if you don't have a lot of time, you can read one chapter a day. I have recommended it to family & friends and I also think it would be a good gift for someone starting out.
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Summary: Very Rich and Powerful Stories
Review: The book is just 144 pages long - I read it in 2 hours. But it took me a couple of days to let all the timeless information sink in. I especially liked the 2nd story and the three rules it lays down:
- Live upon less than you earn and save atleast one tenth of what you earn for yourself.
- Seek the advice of wise men whose daily work is handling of money.
- Learn to make gold work for you. These three lessons are given in a story and that makes it easier for the lessons to sink in. The other 9 stories are also interesting but the second story alone is worth more than the entire book. The cover of the book which I have says "more than two million copies sold," and I am sure this small book has made those two million people - smart and rich.
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