Richest Man In Babylon-Summary

Key Ideas extracted from the book -Richest Man in Babylon -5 Laws of Gold, etc.

We have taken out key ideas from the book - Richest Man in Babylon by George S. Clason and compiled it in this app so it will be easy for you to refer.

To help me on my journey to financial freedom, I’ve been reading different books on personal finance. I did a post on my Instagram stories last month asking for recommendations of personal finance books, and The Richest Man In Babylon was mentioned a few times. I had attempted to read this book last year, but the old English writing style put me off so I didn’t make it past chapter one.

Fast forward to last month, and following all the recommendations received, I decided to give the book a second chance. I’m so glad I did! This book is arguably one of the most inspiring books on wealth that I’ve read. It provides great insight into how to build wealth, and more importantly keep it.

If you haven’t got time to read the whole book, have a read through my summary below. I made notes on the key points discussed in each chapter.

Laws of Gold and Money.

We recommend all the users buy the book and read it as it is a very interesting book on how Babylon came out to become the wealthiest city in the ancient times.

The Richest Man in Babylon is a 1926 book by George S. Clason that dispenses financial advice through a collection of parables set 8,000 years ago in ancient Babylon. The book remains in print almost a century after the parables were originally published, and is regarded as a classic of personal financial advice.

Chapter 1 – The Man Who Desired Gold

Chapter 2 – The Richest Man In Babylon

Chapter 3 – The 7 Cures For A Lean Purse

--1) Your Income Is Your First Wealth Generator – Save at least 10%

--2) Control Your Expenditure

--3) Make Your Gold Multiply

--4) Guard Your Treasures Against Loss

--5) Make of Thy Dwelling a Profitable Investment

--6) Ensure A Future Income

--7) Increase Your Ability To Earn

Chapter 4 – Meet The Goddess Of Good Luck

Chapter 5 – The 5 Laws Of Gold

Chapter 6 – The Gold Lender Of Babylon

Chapter 7 – The Walls Of Babylon

Chapter 8 – The Camel Trader Of Babylon

Chapter 9 – The Clay Tablets From Babylon

Chapter 10 – The Luckiest Man In Babylon

This concludes my not so short summary of The Richest Man In Babylon. It really is a great book and my summary doesn’t do it justice! My favorite concept and lesson from the book is to always pay yourself first. It’s easier said than done, but I’m working towards being able to pay myself 10% of all the money I earn.