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Written as a series of parables, the books has financial wisdom. Ideas like pay yourself first, get rid of debt, make your money work for you, invest in things you know, and protect your money are things that, if practiced consistently, will lead to wealth.
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Nice basic advice on how to spend, save and multiply your money. This is examplified with ancient stories.
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The Richest Man In Babylon uses a storytelling approach to teach us the basics of personal finance:
• Save 10% of what you earn and invest it wisely.
• Seek advice from those who are experienced and knowledgeable in those fields.
• Control your expenditures.
• Keep learning and increasing your skills.
It’s important to keep in mind that this book was written in 1926, and while the lessons in this book are timeless, it does not take into account the complex economics of today. However, despite the fact that the lessons presented in this book are basic and simple, they are important and necessary for you to learn before you delve into more complicated financial studies.
I would recommend this to people who are just beginning to learn about finance, especially young people in their teenage years. This book is not helpful to people who already know more than just the basics of personal finance, but it could serve as a refresher.
P.S. Listening to the audiobook provides a much better experience than reading the actual book.
• Save 10% of what you earn and invest it wisely.
• Seek advice from those who are experienced and knowledgeable in those fields.
• Control your expenditures.
• Keep learning and increasing your skills.
It’s important to keep in mind that this book was written in 1926, and while the lessons in this book are timeless, it does not take into account the complex economics of today. However, despite the fact that the lessons presented in this book are basic and simple, they are important and necessary for you to learn before you delve into more complicated financial studies.
I would recommend this to people who are just beginning to learn about finance, especially young people in their teenage years. This book is not helpful to people who already know more than just the basics of personal finance, but it could serve as a refresher.
P.S. Listening to the audiobook provides a much better experience than reading the actual book.
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reflective
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