The Richest Man in Babylon

by Goerge S. Clason

The Richest Man of Babylon is a collection of captivating stories set in ancient Babylon about building wealth and achieving financial independence.

The fascinating thing about this 1926 classic is that the basic principles for financial success are the same as they are today:

• Invest a portion of your income and reinvest the profits generated from it.
• Let the compound interest effect work for you.
• Only invest in assets that you have researched thoroughly.
• Keep the risk manageable.
• Surround yourself with people you can learn from.
• Be patient and disciplined.

I like the book's narrative style as it makes the core principles of building wealth more memorable than a purely non-fiction book.

The old-fashioned language takes some getting used to, but the lessons are just as relevant today as they were nearly a hundred years ago when the book was published.

I recommend it to anyone who wants to start building wealth. Readers already familiar with the subject won't learn much new but can still look forward to entertaining stories and a reminder of the core principles of financial independence.

🎧 Suitable as an audiobook: yes.

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Genres

Personal Finance Financial Literacy & Education Wealth Building Investing