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The Richest Man in Babylon eBook



The Richest Man in Babylon

By George S. Clason

This is the original and complete book written by George S. Clason which began in 1926 as a series of informational pamphlets.

The Richest Man in Babylon dispenses financial advice through a collection of parables set in ancient Babylon. Through their experiences in business and managing household finance, the characters in the parables learn simple lessons in financial wisdom.

By basing these parables in ancient times, but involving situations that modern people can understand and identify with, the author presents these lessons as timeless wisdom that is as relevant today as it was back then.

George Samuel Clason was born in Louisiana, Missouri, on November 7, 1874. He attended the University of Nebraska and served in the United States Army during the Spanish-American War. Beginning a long career in publishing, he founded the Clason Map Company of Denver, Colorado, and published the first road atlas of the United States and Canada.

In 1926, he issued the first of a famous series of pamphlets on thrift and financial success, using parables set in ancient Babylon to make each of his points.

These were distributed in large quantities by banks and insurance companies and became familiar to millions, the most famous being “The Richest Man in Babylon," the parable from which the present volume takes its title.

These "Babylonian parables" have become a modern inspirational classic.

The Richest Man in Babylon Chapters:

  • #1 - An Historical Sketch of Babylon
  • #2 - The Man Who Desired Gold
  • #3 - The Richest Man in Babylon
  • #4 - Seven Cures For a Lean Purse
  • #5 - The First Cure - Start Thy Purse To Fattening
  • #6 - The Second Cure - Control Thy Expenditures
  • #7 - The Third Cure - Make Thy Gold Multiply
  • #8 - The Fourth Cure - Guard Thy Treasures From Loss
  • #9 - The Fifth Cure - Make of Thy Dwelling a Profitable Investment
  • #10 - The Sixth Cure - Insure a Future Income
  • #11- The Seventh Cure - Increase Thy Abilty To Earn
  • #12 - Meet The Goddess of Good Luck
  • #13 - The Five Laws of Gold
  • #14 - The Gold Lender of Babylon
  • #15 - The Walls of Babylon
  • #16 - The Camel Trader of Babylon
  • #17 - The Clay Tablets From Babylon
  • #18 - The Luckiest Man in Babylon
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The Richest Man in Babylon
Book Review

One of the most essential things in every individual's life; a proper know-how of finance is very essential to survive in this world. George S. Clason's "The Richest Man in Babylon" is a book which provides simple yet extremely valuable financial advice which can be of use to one and all. The book's basic teachings in financial planning and managing wealth makes it a must read for young adults as well as those who do not have adequate knowledge on the subject.

Written in the form of a series of pamphlets in 1926, it came to limelight during the period of the Great Depression and is today regarded as a classic. In the book, financial advice is provided through a compilation of parables, with the ancient city of Babylon forming the backdrop of the stories. Though the parables are set in ancient times, yet the author presents situations which we all can identify with giving the book a timeless appeal. The message of the book is that wealth management is quite simple if you abide by some basic principles.

As the book is a compilation of individual pamphlets, so there is a discontinuity in the stories with each chapter being a separate parable. There are ten chapters in the book with an eleventh one on the prosperity of the historical city of Babylon. The book begins with a poor chariot builder and his musician friend reflecting on their lives, that even after toiling hard they had very little wealth. They decide to ask their childhood friend Arkad, who is the richest man in Babylon, the secret of getting rich. Next the author goes on to narrate Arkad's own story and how he learnt the basics of managing personal wealth. The lessons he learnt were:

- you should save about one tenth of your earnings,
- you should invest your money, and
- you should take financial advice from individuals who are competent and experienced in the area.

The basic idea is that you must keep some part of your earning for yourself, for your future.

The story proceeds to describe Arkad's principles for getting rich, known as "seven cures for a lean purse", which includes teachings like you should limit your expenditures and save 10% of your income, spend 20% of it on paying off debts and use the rest 70% on your living expenses. You should make a wise investment and research carefully before putting in your money. You should strive to increase your capability to earn and must plan in advance for your post-retirement income.

Through an entertaining story telling structure, the author uses characters and their experiences to help the readers understand some simple principles about managing personal wealth effectively and apply them in their own lives. Overall, the book offers some basic ideas following which we can definitely manage our finance better.

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