“The Richest Man in Babylon” is a book written by George S. Clason that provides financial advice through parables set in ancient Babylon. The book teaches practical financial principles, such as the importance of saving and investing, the dangers of debt, and the value of education and hard work.
The book’s main character is a man named Arkad, who becomes the wealthiest man in Babylon through his wise financial decisions. Arkad is a successful merchant who learns the value of saving and investing a portion of his income, and he shares this advice with his friends and family. He also stresses the importance of diversifying one’s investments and being cautious when it comes to borrowing money.
The book’s financial advice is still applicable to us today.
7 tips for a lean purse:
1) Spend less than you earn
2) Watch your spending
3) Make your money work
4) Do not lose money
5) Own your home
6) Plan an income stream for your future
7) Increase your ability to earn.
Overall, “The Richest Man in Babylon” is a classic work that provides timeless financial advice and is still widely read and recommended today.
Here is a free version of the audiobook on YouTube: