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Summary: This Book will collect no dust on my bookshelf
Review: This is one of the quickest reads I have had in a long time. Not because the book is short I mind you, but because it engages. The stories in this book all have a point to make, wether it is about saving, investing for the future or how hard work pays actually pays off. This book was written in the 20's and I'm suprised it has the foresight to mention not to get into get-quick-rich schemes! I would recommend this book even to people who don't care about saving money and just want a couple of good stories to read.
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Summary: Timeless, simple truths...
Review: This incredible little book was recommended to me for many years because of the texts inspirational qualities, in terms of offering timeless simple truths concerning thrift, financial planning and the value of a good work ethic. The formula offered for financial independence is highly practical and workable. Promoted as success secrets of the ancients, the text is written in parable form, similar to the bible, which gives the entire work a credible quality. I know from personal experience, that with persisitence, a good work ethic and a strong will to succeed; one can achieve a modicum of financial prosperity. Which, by the way, includes enjoying the fruits of one's labours. "Enjoy life while you are here. Do not overstrain or try to save too much...live otherwise according to your income and let not yourself get niggardly and afraid to spend. Life is good and life is rich with things worthwhile and things to enjoy." (20) In other terms, the lesson offered is a practice in moderation, not letting one's behavioural pendulum swing too far either way, but earning well and living well in the mean is a key to achieving a happy life. If you read any 'financial success' book this year, let it be this one.
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Summary: Timeless!
Review: Exactly what I like!! Timeless principles about wealth creation and management.
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Summary: Great Book
Review: Put simply this is a great book. Not only is the wisdom solid and well-founded it is an enjoyable, easy to read book. I have allready begun applying the principle of saving one-tenth and it is giving a satisfying feeling allready. This book is so easy and valuable to read I will teach my children from it.
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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.
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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.
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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.
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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.
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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.
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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.
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