Review: The Richest Man in Babylon by George S. Clason

The-Richest-Man-in-BabylonOverview: This book advocates sound financial principles. While it gives very few specifics on how to manage your money it does teach general concepts that, if applied, will assuredly help you on your road to riches. Another reason this book has been so successful is that it doesn’t waste your time trying to sell you anything—it simply tells a story and gives financial advice in a clear concise way. This is a book you can easily read in a day or a weekend and is one you will want to return to periodically to review. My Rating: 8/10

Who will benefit most by reading this book: Anyone who values proven methods of wealth building—these are methods that work well over a long period of time, not quick fixes. You will benefit regardless of your current financial situation: in debt, starting to invest, already wealthy, etc. It is a good review for those who have already read other personal finance books and is a great starting place for those who haven’t.

How the rest of us can benefit: I consider this a “must read” for everyone

Complete Review: The Author and his book (from back inside cover)
George Samuel Clason was born in Louisiana, Missouri, on November 7, 1874. He attended the University of Nebraska and served in the United States Army during the Spanish-American War. Beginning a long career in publishing, he founded the Clason Map Company of Denver, Colorado, and published the first road atlas of the United States and Canada. In 1926, he issued the first of a famous series of pamphlets on thrift and financial success, using parables set in ancient Babylon to make each of his points. These were distributed in large quantities by banks and insurance companies and became familiar to millions, the most famous being “The Richest Man in Babylon,” the parable from which the present volume takes its title. These “Babylonian parables” have become a modern inspirational classic.

Back cover ad for book
This astonishing bestseller holds the secrets to all your ambitions and desires and everything you wish to accomplish. This is the book that holds the key to personal wealth. The success secrets of the ancients—an assured road to happiness and prosperity. Millions of readers have been helped by the famous “Babylonian parables,” hailed as the greatest of all inspirational works on the subject of thrift, financial planning, and personal wealth. In language as simple as that of the Bible, these fascinating and informative stories set you on a sure path to prosperity and its accompanying joys. Acclaimed as a modern day classic, this celebrated bestseller offers an understanding of—and solution to—your personal financial problems that will guide you through a lifetime. This is the book that holds the secrets to acquiring money, keeping money, and making money earn more money. The Richest Man in Babylon. Read it and recommend it to loved ones—and get on the road to riches.

Seven cures for a lean purse

  1. Start thy purse to fattening
  2. Control thy expenditures
  3. Make thy gold multiply
  4. Guard thy treasures from loss
  5. Make of thy dwelling a profitable investment
  6. Insure a future income
  7. Increase they ability to earn

The Five Laws of Gold

  1. Gold cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family.
  2. Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field.
  3. Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling.
  4. Gold slippeth away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep.
  5. Gold flees the man who would force it to impossible earnings or who followeth the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.

Other “big ideas”

  • A part of all you earn is yours to keep
  • Men of action are favored by the Goddess of good luck
  • Better a little caution than a great regret
  • We cannot afford to be without adequate protection
  • Where the determination is, the way can be found

Published: 1926, 144 pages, 2 CDs
Reviewed: May 2008 by Tyler Christensen
Other Reviews: n/a
Official Site: n/a

Tyler Christensen
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Tyler Christensen

Tyler is a husband and dad, professor, writer, web designer, and DIYer.
Tyler Christensen
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