A Financial Journey

The Richest Man in Babylon

The Richest Man in Babylon by George S Clason

I actually read this after most of the book listed on here, however I think it’s one to read first.

It’s a short book, and the version I have had an added Magical Story at the end. Reading the book, the number of typos, and weird changing font size in my version is annoying. It has Self-Published all over it, however right at the back it says Printed by Amazon. I’m not surprised they didn’t want that advertising!

The book is essentially using a parable to illustrate the key concepts of building wealth, which I have now come across in several places. These are, in my words:

  • Pay yourself first
  • Invest in assets which generate an income*
  • Invest wisely – avoid scams
  • Protect your future wealth

* I like the idea that your investment (gold coins in this case) is working for you all the time, and it’s children and grandchildren (the dividends/income) are also working for you.