Review: The Richest Man in Babylon

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This is the Best Selling Book which has sold over millions of copies. This is a Great book on Personal Finance. The book has wealth principles of Babylon, The ancient and richest city of the world. The History of Babylon is 8000 years old. Babylon was famous for its wealth & “Hanging Gardens” which is in the list of world’s 7 Wonders.

The Book is all about the Gold (Money/Wealth) Principles of Babylon which are 8000 years back.

George Clason is the famous archeologist who has found the principles of wealth on the Clay Tablets during his research of Babylon. And these are the wealth principles.

The Richest Man in Bablyon has 7 basic principles:

1) Start thy purse to fattening - save/invest
2) Control thy expenditures - watch out for self serving brokers
3) Make thy gold mutiply - use powerful investments
4) Guard thy treasures from loss - watch out for brokers with
their hot tips.
5) Make of thy dwelling a profitable investment - rental properties, your own home---but stay within your means.
6) Insure a future income - do work that you love to do. Become excellent at it.
7) Increase thy ability to earn - education never stops. Keep reading good books like this one, The Millionaire Next Door, Rich Dad Poor Dad and so on

The Book is full of basic financial advises. In the Book, the Richest man of Babylon gives the 5 laws of Gold (Money) which are noteworthy. According to the principles of gold, you should regularly invest minimum 10% of your Income every month for your future and this 8000 years of Financial advise is still effective.

One Principle stats that, Every piece of Gold you earn is a slave to work for you and each copper and silver pieces it earns are its children who are also slave to work for you. This suggests that Money can make money. It suggest that money has potential to clone money. It also suggest the power of Re-Investing.

Buy or Don’t Buy? -

This Book can be a great graduation gift. This book is fully packed of very Basic Financial advises which are the most effective in anyone’s life.

This book is not for those who are searching for any “Get Rich Quick” Books. Because the Financial advises in this book are very basic and it requires a lots of patience, discipline & hard work to follow these advises.