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The Richest Man in Babylon
George S. Clason
About the Author
George Samuel Clason (1874–1957) was an American businessman and author. His best-known work was “The Richest Man in Babylon,” in which he compiled his informational pamphlets on thrift and achieving financial success. His advice is clear, practical, and applicable to personal finance.
About the Book
In his quintessential book, “The Richest Man in Babylon,” Clason draws parallels from ancient Babylon to teach money management and financial wisdom. His stories promote lessons on personal prosperity, wealth accumulation, and financial planning through smart and cautious money management, savings, and investment.
Summary
This classic personal finance book uses parables set in ancient Babylon to teach financial wisdom. It teaches wealth-building through simple yet profound stories. Its core principles include:
- Start Thy Purse to Fattening: Save a portion of your income—at least 10% of what you earn.
- Make Thy Gold Multiply: Make your money work for you by wisely investing your savings in smart investments to generate more income.
- Guard Thy Treasures From Loss: Be cautious when investing. Avoid risky investments that seem too good to be true. Seek advice from trustworthy experts.
- Make of Thy Dwelling a Profitable Investment: Making smart choices about where you live can play a critical role in building wealth. Ensure yours is a good investment. Own it if you can.
- Ensure a Future Income: Investing in your future is vital for long-term financial security—plan for future needs and retirement.
- Increase Thy Ability to Earn: Keep improving your skills and knowledge to improve your earning potential, investing in yourself for career growth and financial success.
The book teaches these principles and fundamental financial practices in a way that's engaging and accessible.
Frequently Asked Questions
The book is a series of parables (stories that teach lessons) about financial success. The setting in ancient Babylon provides an engaging backdrop for the author’s lessons on economic success and financial wisdom.
The length of a book varies depending on the edition and publisher, but it is generally relatively short, at around 144 pages.
"Wealth, like a tree, grows from a tiny seed. The first copper you save is the seed from which your tree of wealth shall grow."
"Advice is one thing that is freely given away, but watch that you only take what is worth having."
"A part of all you earn is yours to keep. It should be not less than a tenth, no matter how little you earn. It can be as much more as you can afford."
The stories as pamphlets were initially published in 1926 and compiled into a book that same year.
Various editions exist, including audiobooks, e-books, and translations into other languages.
You can find this book under the categories Online Book Resources about Success and Online Book Resources about Entrepreneurship.
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"Think and Grow Rich" by Napoleon Hill is another foundational self-help book offering advice on improving wealth and life.
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Other Books by George S. Clason:
The Richest Man in Babylon (1926)
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Success Through a Positive Mental Attitude (1959)
Success Habits (2018)
How to Own Your Own Mind (1941)
The Master Key to Riches (1945)
Master Mind: The Memoirs of Napoleon Hill (2021)
Podcasts:
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“Wealth, like a tree, grows from a tiny seed. The first copper you save is the seed from which your tree of wealth shall grow. The sooner you plant that seed the sooner shall the tree grow.”
George S. Clason
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