Summary of The Richest Man in Babylon

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The Richest Man in Babylon book summary
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Rating

8 Overall

9 Applicability

8 Innovation

9 Style

Recommendation

During the late 1920s, writer and entrepreneur George S. Clason created a series of simple parables about the supposed financial “secrets of the ancients.” He compiled these tales, set in Babylon some 8,000 years ago, into an entertaining yet instructive book on becoming wealthy. In the 1930s, during the worst of the Great Depression, and for decades after, readers embraced Clason’s engrossing, elegant little page-turner. They learned of wise Arkad, the richest man in Babylon; of Dabasir, the slave who became a wealthy camel trader; and of Sharru Nada, the rich man who learned about working hard when he was just a youth. Each universal parable teaches invaluable lessons about wealth, how to attain it, nurture it, protect it and sustain it. These stories also convey worthwhile lessons about life. getAbstract understands why Clason’s magical little book has become such an enduring classic. If you read it, you will find that you can put its simple yet sensible lessons to work. Clason calls these lessons the “wisdom of the ages” and the “fixed stars that shine.” His common sense advice about wealth can make you rich in more than money.

In this summary, you will learn

  • What the “secrets” of building wealth are, as conveyed in a parable set in ancient Babylon; and
  • How to apply these proven principles of personal finance.
 

About the Author

George S. Clason, businessman and writer, began developing pamphlets about gaining wealth during the late 1920s. Banks distributed his pamphlets, which are the basis for this famous, immensely popular book. Over the years, it has sold more than two million copies.

 

Summary

Babylon
In its time, Babylon was remarkable. When the rest of mankind was using stone axes, the ancient Sumerians who inhabited the city armed themselves with sophisticated metal weaponry. They were wise financiers, believed to have invented money. And they were the first to develop promissory...

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    Ruphas Rai 3 months ago
    One of the best books in personal finance. Simple yet very profound concepts. Read the whole book or listen to the audio book. Highly Recommended

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