The Richest Man In Babylon
One of the most hard hitting books ever to break you out of your "poor" state of mind.
This book is a mythical (maybe) story of a rich merchant and a poor boy. And how the poor boy learns how to get out of the bottom rungs of society.
This story book illustrates, through story (not lecture) how any person can change their position in life from poor to rich. It is a really easy read. Its quite short. And the life lessons are second to none.
The basics (without the really good world building) is that you save 10% of what you make. 10% isn't that much, anyone can adjust their budget so that they can save 10%.
- First you learn to live off of 90% of your income, never going into debt.
- Next, you pay off your debts, becoming free. Freeing your personal energy, because every debt you owe means you are a slave to someone else.
- Then, you take your 10% every month and you invest it. Thus, you will find yourself becoming more and more wealthy.
This is the book that all the best become rich book authors started with.
I can remember so many of them referencing this book.
Jim Rohn says to get this book the same day you hear about it. (not tomorrow)
Jim Rohn - Walk away from the 97%
This is the original, the best, life changing book on how to stop being poor.
I recommend you get it and read it today. Its cheap enough to be almost free.
And its such an easy read that you will find yourself at the end, just after picking it up.
If you haven't been introduced to these concepts yet, i can guarantee you that this book will change your life. (however, every other how to make money author got their start here, so you may have heard it, sorta, before)
So, get the original.
The Richest Man in Babylon (2015)
https://www.amazon.com/Richest-Man-Babylon-George-Clason/dp/1939438330
The Richest Man in Babylon (2002) also in Kindle.
https://www.amazon.com/Richest-Man-Babylon-George-Clason/dp/0451205367
Copyright Dauphin Publications Inc 2015
Thank you for reminding me of this book!
I have read it, but it was a long time ago and I have not put into practice what I've learned. I put all my eggs in one basket with a business and it hasn't done nearly as well as I'd hoped. Now, I'm building back up again from a negative net worth.
At one time I owned this book, but I gave it away. I will get it again and put it on my list of Recommended Books.
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good book , i have read it
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I love this book! Well, I have never read it but I listen to the audiobook while writing posts and such.
So I have heard the lessons, and yes, ANYONE can save 10%. I consider 10% the minimum.
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I haven't read this yet. I have read the first few chapters of Rich Dad, Poor Dad. I have learned that financial education should be consistent. I can start some kind of saving strategy but to sustain it is where I fail the most. I easily lose motivation. I hope I can get a copy of this and try again.
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You lose motivation because you are trying to push yourself.
You only have so much will power. And it only gets you so far.
You need a goal to pull you.
Your Money or Your Life is a better book for that.
It shows you what your life can be like when you are financially independent. And with cryptos, it can be your life for the taking. You just have to get that fire burning in you to want it.
Before that, you need to understand that it is a goal that is within your grasp.
So, just set some time aside each day for your mental training in money.
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Thanks for pointing me in the right direction.
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I bought a used copy of this book, as a result of reading your blog post. I'm reading it now and starting right away to act on "Some Of What You Earn Is Yours To Keep" from the first chapter.
Thanks for writing about the book!
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