The Richest Man in Babylon – George S. Clason

Book Cover

Wealth, Money, Kudi, ego, owo, Qian, grand, argent, dinero, Isoldi and all the different money names across the world points to the fact that money is intensely craved for and highly desired therefore wisdom requires that we have practical and gain good knowledge of this topic and for this reason, we are reviewing a great book on money – The Richest Man in Babylon by George S. Clason.

The state of being wealthy and prosperous in life is a place where a lot of people both young and old has dreamed and desired to be. This book by George S. Clason presents in simple forms, the absolute and practical cures to having a lean purse, this book has been termed by many of its readers as a guide to financial understanding and I trust that upon reading this book and applying the principles in it, you would be well on your way to financial independence and also a contributor to the economy of your country.

The book was written in a style that would be easily understood by all – storytelling. The author used different relatable tales to drive home and in, the 10 golden principles of the wealth and as gracious as I am, I will be sharing 2 of those principles in this review!🌹😉💫. Let’s jump right in!

Starting from the second chapter of the Richest Man in Babylon

There was a man named Arkad in ancient Babylon, he was known by all and even the king as the richest man in Babylon unrivalled and not competing with anyone, he is that person that can be said to be on a league of his own.

Arkad the richest man was richer than all of his childhood friends even if they all grew up in Babylon together. He has some childhood friends Kobbi & Bansir, who were artisans and even though they had things to do, they were poor. So one day, they both agreed upon seeing the direction their life is going, they agreed to go and see their friend – Arkad.

Arkad willing to help his friends advised them and gave them a valuable principle of wealth(The author didn’t say if they applied it but I advise you do!)

PAY YOURSELF FIRST – This sounds like a cliche but therein lies the secret of the wealthy of both the ancient and the modern-day wealthy men and this was the principle both Arkad gave to his friends and Warren Buffet, one of the richest men of this day gave to young people about building wealth while he was being interviewed when he said: “Don’t save what is left after spending; spend what is left after saving”! Profound how ancient wisdom applies in tech-driven days, yh?

The secrets to wealth according to this book lies in the hands of those who are willing to invest their earnings and make their gold piece(money) work as slaves for them.

This same secret from men of the great old Babylon still applies today with the wealthiest men in the world, the chairman of Berkshire Hathaway who currently sits as one of the wealthiest men in the planet; Warren Buffett, bought his first stocks when he was at a very young age. Advise: When you get your next income, before you take out for transportation, clothing, feeding and the likes, remember to take out some money and send it on an errand to go and work for you. (winks)

A very interesting balance the author throws into the mix as he encourages us to invest is The Fourth Law of God which states that: “Gold slippeth away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep”. Ponder over this before you move to the next paragraph.

Money is plentiful for those who know the simple laws that govern it’s acquisition

George S. Clason

The fourth law of gold is part of a group of five golden laws that guides a man to building wealthy future and this law is literally saying that in as much as we want to make our money work for us, we must invest due diligence in understanding the platform/stock/investment, you need to be able to have answers to questions like, “Who are the owners of this stock?”, “What and who are the deciding factors?”, and some other technical questions. Feel free to slide in the DM, let’s have a more specific conversation.

In conclusion, wealth must be desired and following that desire is the willingness to make sacrificial decisions for future gain. Till next time, Keep reading and living free!

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