Name of the Book: - The Richest Man in Babylon
Author: - George S. Clason
Number of Pages: - 144
Guest Review :- Shri Amrinder Singh
It is a
good read at it delivers the essential truths of wealth creation in the most
simplified manner and tells us where to start. The book is well known because
of its timeless principles on wealth creation in a simple story telling. These
laws have passed the test of the time and stood by the Lindy Effect. It’s a
short read which explain the time tested laws by means of stories. The main key
points of the books are as below:
PART 1
How to create wealth
The five laws of gold or a Way to cure of the Lean
Purse
- Gold cometh gladly and
increasing quantity to nay man who will put by not less than 1/10th of his
earnings to create an estate for his fortune and that of his family.
Any
man who will put by one-tenth of his earnings consistently and invest it
wisely will surely create a valuable estate that will provide an income
for him in the future and further guarantee safety for his family in case
the gods call him to the world of darkness.
- Gold laborth diligently and
contently for the wise owner who finds for its profitable employment
multiplying even as the flocks of the filed. Gold, indeed, is a willing
worker. It is ever eager to multiply when opportunity presents itself.
3. Gold clingeth to the protection of the cautious owner who invests
it under the advice of men wise in his holdings. Wealth remains protected with
the person who is cautious and invests it back on basis of advice of wise men.
4. Gold
slippeth away from the man who invests it is business or purpose with which he is not familiar or which are not approved by
those skilled in its keep.
5. Gold
flees the man who would force it to impossible earnings or who follow the
alluring advice of trickster and schemer or who trusts it to his own
inexperience and romantic desire in investment. Author put emphasis of the fact
of not falling into the trap of exorbitant returns, always have reasonable,
small and safe returns
PART 2
How to successfully handle the Wealth.
3 laws of successfully handling wealth mentioned in
book are as follows
- Learn to live upon less than
you can earn.
- Learn to seek advice from
those who were competent through their own experiences to give it.
- Learn to make GOLD work for
you( re-invest your dividends)
Last but
not the least, the book is filled with 5000 yrs old advice, and ADVICE is one
thing which is freely given away, but watch that you take only what is worth
having. Book is available freely on net and can be downloaded
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