The Richest Man in Babylon is a classic 1926 personal finance book by George S. Clason. It conveys timeless wealth-building and debt-management principles through engaging parables set in ancient Mesopotamia, teaching readers how to acquire money, keep it, and make it multiply.
The Seven Cures for a Lean Purse
- Start thy purse to fattening: Save at least 10% of all your earnings for the future.
- Control thy expenditures: Live on no more than 90% of your earnings; budget your necessary expenses without sacrificing your primary needs.
- Make thy gold multiply: Invest your savings so that it earns interest and compounds over time.
- Guard thy treasures from loss: Invest only where the principal is safe and can be recovered; seek advice from knowledgeable experts.
- Make of thy dwelling a profitable investment: Own your own home to reduce living costs and stabilize your family life.
- Insure a future income: Ensure you have income for your older years and the protection of your family.
- Increase thy ability to earn: Continuously improve your skills, wisdom, and craft to increase your overall earning power.
Reviews
There are no reviews yet.