7 Awesome Lessons from the Richest Man in Babylon

7 minutes


“A part of all I earn is mine to keep. Say it in the morning when I first arise. Say it at night. Say it every hour of every day. Say it to yourself until the words stand out like letters of fire across the sky.”

George S. Clasen, The Richest Man in Babylon

One of my favorite quotes from one of my favorite books on finance that I have ever read. It sums up all that is important in saving for retirement and how to look at money in your life.

This week we are going to venture off our path a little to discuss a book that has had a huge impact on my life, as well as countless others.

The Richest Man in Babylon was written and published in 1926 and has gone on to become one of the classics in personal finance. Through stories set in ancient Babylon using parables, they set about teaching seven steps to financial freedom.

It uses seven parables to teach thrift, financial planning, and personal wealth. It is written in a style reminiscent of the Bible in its simple, easy to understand writing. It is not a long, dry book that you would associate with finance but an easy to read and understand. Frankly, I read this is about two days. It is very hard to put down and is very fascinating. It really opens up your eyes to what is possible.

I wish this had been taught when I was in school as a younger man, as it would have opened up many more ideas on how to deal with and handle money. I can’t stress enough how much this book as impacted my life and inspired me to branch out from the standard of just saving money to save it.

Alright, let’s start talking about the parables and how they can improve your life.

Lesson 1. Start thy purse to fattening.

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