Richest Man In Babylon, George S. Clason, Powerbook Review
Hello friends! The Richest Man In Babylon is an awesome short book and definitely worthy of our repeated attention, and a Powerbook Review!
For a short and concise video version, check this baby out!
But for a more in depth review, read on!
This book is more valuable than gold. I am going to tell you why.
It is about the foundations of money and wealth building. Much like many areas of life, beneath every niche of Finance there are fundamental core truths that tie them all together. Sadly, these unchanging laws are not taught in our school systems.
The majority of us find out about money in the real world, far later than we should have learned it, and usually the hard way. The lucky ones learn the basics early from someone like a caring parent, uncle or friend. But, sadly, this is usually rare, too specific and inadequate.
Enter RMIB, written in an entertaining story format and employing clever language imitating how our Babylonian ancestors might have spoken like. Yes, this is not just another boring, dry self help novel or complex math textbook. It actually will keep you reading (or listening) along with interest.
Interesting history note, in the latter part of the book it relates a story of a professor and his wife who turned their lives around by using the principles he uncovered after having helped the main archeologist who dug up these ancient clay tablets that his team found in the ground where Babylon used to exist. And these tablets were the very inspiration which helped the author, Mr. Clason, bring us this paragon of educational/fictional literature.
So in short, whether you’re seeking out this book because you’re broke and you want to be not broke, or you’re not so broke but are interested in getting your fundamentals of finance and wealthbuilding solidified, or any other reason, it is definitely worth the read.
And not just once, but regularly. I personally make a habit of listening to the audiobook from audible.com once every two or three months. It is short enough (4 hours) that you can get through it very quickly. Not only that: Grover Gardner is the narrator, and if you’ve ever heard him narrate, you’ll know why I bother to mention this. He is an incredible narrator and vocal actor. He’s the reason this version is so easy to get through so quickly.
And good news for you out there who don’t want to have to pay for it! Just googling the name of the book followed by “PDF” will give the whole thing to you for free! Or, you can search on Youtube by the name and find several versions of it there to listen to. However none of them come close to the joy that the audible.com version is. Trust me. Never the less, these free routes are there and should be taken advantage of if you prefer.
The parables taught via fiction are interesting just by themselves, but the book is more than that. It also has two sets of concise and incredibly useful axioms, which if followed with good willpower and discipline in your life, will lead anyone to at least a comfortable life, and even has the power to bring great wealth to those who desire it.
These are The Seven Cures for a Lean Purse and The Five Laws Of Gold.
And here they are:
Seven Cures for a Lean Purse
- Start thy purse to fattening
- Control thy expenditures
- Make thy gold Multiply
- Guard thy treasures from loss
- Make of thy dwelling a profitable investment
- Insure a future income
- Increase thy ability to ea
These seven cures are exactly what you need to start doing RIGHT NOW to turn your financial situation around and start on your path to wealth. And because of the fundamental nature of these, they are scalable. Buffet or Gates could even apply these with more vigor than they already do to become even more filthy rich, if they desired.
The Five Laws Of Gold
- 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.
- Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field.
- Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling.
- 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.
- 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.
Now whereas the seven cures are exactly what to do, these 5 laws are the how. These are the foundation of wealthbuilding.
There are other points and rules that are valuable to learn within it, but for the most part, the short stories that make up the whole book are intended to inculcate these specific two lists into your thinking. Again, you can compound the impact of this intention by regularly reading the book. I can’t stress that enough.
For beneath even these fundamental laws is one life law that is true for everyone, everywhere, forever: Your success is determined by your consistent, deliberate action: your HABITS! And what controls your habits? Your willpower. And what does willpower enforce? That which you remind yourself of regularly. So read, read, READ!
And on that note, THANKS for reading my friends! Please let me know if you enjoyed this post and if you have any questions. Also, please watch my video if you have a spare couple of minutes, and subscribe to my Youtube channel!