The Richest Man In Babylon Review
The book is set in ancient Babylon, and follows the story of Arkad, the richest man in all of Babylon, imparting his wisdom to a younger man, Bansir, who wishes to become wealthy.
It lays out the basics of personal finance – spend less than you earn, save 10% of your income, and invest wisely – in an engaging parable format (stories told to teach a lesson). The book teaches that if you follows these basic lessons, work hard, and continue improving your skills, you can build future wealth through passive streams of income.
7 Lessons from The Richest Man In Babylon:
- Pay Yourself First
- Live Within Your Means
- Put Your Money to Work
- Keep Your Money Safe
- Be a Homeowner
- Insure Your Future Income
- Improve Your Skills to Earn More Income
