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The Richest Man in Babylon -- Six Laws of Wealth

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30 review for The Richest Man in Babylon -- Six Laws of Wealth

  1. 4 out of 5

    Jess Kang

    1. Save at least 10% of your income 2. Put your savings to work for you. Invest it so that it will multiply. 3. Avoid debt. The poor pay interest, while the rich earn interest. 4. Don’t speculate in get-rich-quick schemes. Invest in solid business you understand. 5. Invest in yourself. Gain knowledge and skills to increase your earning power. 6. Safeguard your growing fortune with diversification and insurance.

  2. 5 out of 5

    William

    A Solid Start I very very easy and quick read to get your mind thinking in the direction of creating wealth. A recommended read and foundation of thought.

  3. 5 out of 5

    Rebecca Foreman

    Another fantastic quick read! Anyone that is interested in controlling their finances should read and implement this. Glad to have come across this, time to implement it!!

  4. 4 out of 5

    Sylvia

    What a great treasure of learning, in such a short and simple to read book. Though I have heard many of these lessons before, I truly enjoyed how the author put it into an easy to read story. I found that the way it was written, really helps you retain then knowledge that he's teaching. Instead of being another dry, and boring read, about money and debt, the author has wound a tale that keeps you reading, and wanting to hear the rest of the story. What a great treasure of learning, in such a short and simple to read book. Though I have heard many of these lessons before, I truly enjoyed how the author put it into an easy to read story. I found that the way it was written, really helps you retain then knowledge that he's teaching. Instead of being another dry, and boring read, about money and debt, the author has wound a tale that keeps you reading, and wanting to hear the rest of the story.

  5. 4 out of 5

    Jay Ehret

    Received as a gift from my employer. Readable in about 15 minutes. A condensed knock-off the the classic original. Good in that it orients your mind, gets you thinking about the principles, and makes you want to learn more.

  6. 5 out of 5

    Tammie

    Quick and awesome read I don't know why it took me so long to purchase or read this book. It was easy to read. The laws are clearly laid out and easy to apply. The storyline is simple and the laws are logical. I am going to start implementing them immediately. Quick and awesome read I don't know why it took me so long to purchase or read this book. It was easy to read. The laws are clearly laid out and easy to apply. The storyline is simple and the laws are logical. I am going to start implementing them immediately.

  7. 5 out of 5

    Bogdan

    Quite short. It highlights the following rules: - keep more of what u earn - put your savings to work for u - get out of debt - choose wise investments, don't speculate - increase your earning power by gaining knowledge and skills - safeguard a lasting fortune with diversification and insurance. Quite short. It highlights the following rules: - keep more of what u earn - put your savings to work for u - get out of debt - choose wise investments, don't speculate - increase your earning power by gaining knowledge and skills - safeguard a lasting fortune with diversification and insurance.

  8. 5 out of 5

    Gift Lyoko

    Clear and concise The book is concise and straight to the point. The book articulates the points very clearly in an interesting manner.

  9. 5 out of 5

    Sharla Gabriel

    Short and to the point For those who don't want to read the long version. this is a good recommendation. A lot of wisdom and good lessons Short and to the point For those who don't want to read the long version. this is a good recommendation. A lot of wisdom and good lessons

  10. 4 out of 5

    Debbie

    I 'read' this as an audiobook. It is written in story form with the wisdom of money management the focus. Even though the time it was written thousands of years B.C. the information is extremely relevant and 'modern.' The book comes from translated clay plates found in the ruins of what is said to be the library of Babylon (yes, the Biblical Babylon). It is the story of how the richest man living in Babylon at the time started out in poverty and became the richest. (This was well before Solomon' I 'read' this as an audiobook. It is written in story form with the wisdom of money management the focus. Even though the time it was written thousands of years B.C. the information is extremely relevant and 'modern.' The book comes from translated clay plates found in the ruins of what is said to be the library of Babylon (yes, the Biblical Babylon). It is the story of how the richest man living in Babylon at the time started out in poverty and became the richest. (This was well before Solomon's time) He has been asked by the community leaders (when Babylon was a struggling community, not an empire) to teach the community leaders and business leaders in the community how to acquire and grow their wealth. It is these lessons as they were followed, that brought Babylon to the place of leadership and power in the ancient world as we know it. From his lessons the book begins to follow some of the friends as they spread the lessons to others. The entire book is told as parables and stories to explain the practicality of good business sense. Very good and I highly recommend it. Especially for those who prefer stories to instructional books.

  11. 5 out of 5

    Conrad Sienkiewicz

    This review has been hidden because it contains spoilers. To view it, click here. The Richest man in Babylon is a short Parable on how to achieve wealth in one's life. It provides seven "cures" to poverty: 1. Start Thy Purse Fattening 2. Control Thy Expenditures 3.Make Thy Gold Multiply 4.Guard Thy Treasures from Loss 5. Make Thy Dwelling a Profitable Investment 6. Insure a Future Income 7. Increase Thy Ability to Earn All of these are common pieces of advice simply infused in the parable itself. Additionally, the story provides "The Five Rules of Gold," which as summarized to 1. Save The Richest man in Babylon is a short Parable on how to achieve wealth in one's life. It provides seven "cures" to poverty: 1. Start Thy Purse Fattening 2. Control Thy Expenditures 3.Make Thy Gold Multiply 4.Guard Thy Treasures from Loss 5. Make Thy Dwelling a Profitable Investment 6. Insure a Future Income 7. Increase Thy Ability to Earn All of these are common pieces of advice simply infused in the parable itself. Additionally, the story provides "The Five Rules of Gold," which as summarized to 1. Save 10% of your income. 2. Invest your money. 3. Invest only with intelligent/knowledgable people. 4. Understand the investment/business you're entering. 5. Do not pursue impossible returns, as it's likely a scam. Again, all good pieces of advice. Overall, the book provides excellent and accurate information on how one should treat their personal finances when they have no background in the subject. Even to people with a background in the subject, the story can be finished easily within a day and gives a good reminder about personal finance. I'd recommend this book to most anyone.

  12. 5 out of 5

    Rishabh Anand

    Really enjoyed the book. The Six Laws of Wealth can be summarised as below: The First Law of Wealth: Keep a part of all you earn. Save at least 10% of your income. The Second Law of Wealth: Put your savings to work for you. Invest it so that it will multiply. The Third Law of Wealth: Avoid debt. The poor pay interest, while the rich earn interest. The Fourth Law of Wealth: Don’t speculate in get-rich-quick schemes. Invest in solid businesses that you understand. The Fifth Law of Wealth: Invest in yourself. Gai Really enjoyed the book. The Six Laws of Wealth can be summarised as below: The First Law of Wealth: Keep a part of all you earn. Save at least 10% of your income. The Second Law of Wealth: Put your savings to work for you. Invest it so that it will multiply. The Third Law of Wealth: Avoid debt. The poor pay interest, while the rich earn interest. The Fourth Law of Wealth: Don’t speculate in get-rich-quick schemes. Invest in solid businesses that you understand. The Fifth Law of Wealth: Invest in yourself. Gain knowledge and skills to increase your earning power. The Sixth Law of Wealth: Safeguard your growing fortune with diversification and insurance.

  13. 5 out of 5

    Dan Bell

    I read a much longer version recently by another author. I found this brief version while sorting my book collection and decided to read it. For how short it is, I walked away learning the same principles. Bottom line, pay yourself first with a minimum of 10%. Do not incur new debt. Place your savings where you will earn interest. The ultimate goal is to reach the point where your money is working for you, not you for your money.

  14. 5 out of 5

    Bill Swansen

    Great concise read about accumulating wealth through sound investment and saving practices. Wish I had read this 40 years ago. Told in an engaging manner, as a tale from ancient Babylon. It only took about 15 minutes to read the entire book. I will forward this book to everyone I know and encourage them to read it as soon as possible.

  15. 5 out of 5

    Jared Abbott

    Excellent financial advice that is straightforward and easy to read! I like that it's in the form of stories rather a just information. However, the semi-archaic language sometimes comes off as a little artificial. I get that Conrad was trying to write after the style of a translation of ancient Babylonian texts, but it's usually not very convincing as such. Excellent financial advice that is straightforward and easy to read! I like that it's in the form of stories rather a just information. However, the semi-archaic language sometimes comes off as a little artificial. I get that Conrad was trying to write after the style of a translation of ancient Babylonian texts, but it's usually not very convincing as such.

  16. 5 out of 5

    Trevor Rydalch

    Short, fundamental, and valuable Rudimentary if you already understand the fundamentals of personal finance. Told in through a mildly entertaining story. Powerful principles, though.

  17. 5 out of 5

    J S

    Sound advise with blessed benefits IF you are consistent in obeying the laws. Definitely would suggest/share this book with children, teens & young adults. The book is an easy, quick read with timeless principles.

  18. 5 out of 5

    Chris Stadler

    Should be the foundation for every MBA program Simple. Short. To the point. Easy to grasp. Helpful in planning future business. Probably should be the foundation of every MBA program.

  19. 5 out of 5

    Mauro Costa

    Great reading,Totally inspirational! Usee reading, I recommended this book for someone who is in search of the financial freedom! Great read totally inspirational! Easy reading I’ll recommend this book for someone who is in search of a financial freedom.

  20. 5 out of 5

    Memo

    My first book in a few years This book is what I needed to start seeing that I can be rich if I thinking and acting like a rich person. No more wasting money on things I want that I don’t really need.

  21. 5 out of 5

    Alexandra Gubareva

    The Pillars of wealth in a quick read Excellent quick read on the basic principles of wealth building. If more people followed the six laws of wealth, there would be a lot more wealthy people.

  22. 4 out of 5

    Robert

    A great book to begin a change towards fiscal responsibility and the accumulation of wealth and security. This is the perfect gift to anyone who needs help implementing a financial plan but does not have the time to read a 300 page book.

  23. 5 out of 5

    Shehnav

    A great read for everyone, whether you’re looking for financial freedom or accruing wealth, this book gives a simple yet complex insight into how money can be your slave or you can be a slave to money. “10 percent of all you earn is yours to keep.”

  24. 5 out of 5

    Alisa Council

    A must read Hard to believe these principles of thousands of years are the core concepts of successful money management and wealth. This should be a requirement in American classrooms.

  25. 4 out of 5

    Tatiana

    A quick read I thought this book would be much longer considering how many people swear by it but it turns out, it’s a quick, easy read with useful info for folks just starting out in a storytelling form

  26. 4 out of 5

    Giulio Gilardi

    Must read for people who want to start being more responsible with their finances. Easy to read and entertaining. Like most self-help books the key takeaway is in the first few pages, but the stories told after do a great job at expanding upon the author's thesis. Must read for people who want to start being more responsible with their finances. Easy to read and entertaining. Like most self-help books the key takeaway is in the first few pages, but the stories told after do a great job at expanding upon the author's thesis.

  27. 5 out of 5

    Bangara Raju

    This book is for someone like me( bad at financial discipline). If you need to get into financial discipline this book is for you get this book and follow the six laws. this book will change the way you look at money.

  28. 5 out of 5

    jabili

    Waste Nothing new to read . These are the thins which everybody knows waste of money to buy this book .

  29. 5 out of 5

    Dequeasa

    GREAT BOOK Best advice. I am starting to put these laws into practice as we speak. Simple but life changing. Loved it

  30. 5 out of 5

    Tevion

    Great read Great read! Well worth the time and money it took to learn the laws of wealth. HIGHLY RECOMMEND to anyone

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