Key insights from
The Richest Man in Babylon
Audio available
10 minute read
Published Jan 1, 2002
What you'll learn
The financial world isn’t a riddle to be solved, or an enigma cracked only by those meticulous minds that crunch the numbers for you and run Wall Street. Rather, the rules that govern prosperous behavior also drive a person’s ability to acquire, keep, and grow personal wealth. The ancients may have some say in this, and what they have to say is simple—desire success so intensely that it alters your behavior, and you will be successful (and hopefully wealthy, too). In the 1920s, the self-made owner of a map company, George S. Clason, recorded these simple money secrets using “Babylonian parables” to instruct readers in achieving both wealth and wisdom.
Key insights
- • What you'll learn
- 1 Desire plants behaviors that yield success.
- 2 Bury, then budget—reserve 10% of your income and use the rest.
- 3 Seek the advice of people who know what they’re talking about before investing.
- 4 Prepare early and act now to secure money later.
- 5 Don’t forget your friends; be generous to others and to yourself.
- 6 Plan, work, and then plan some more.
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