Here is a summary and my review of a classic, “The Richest Man in Babylon”: If you want to find out how The Tenth Part was born… you have to read this book!
“A man’s possessions are not found in the bag he carries with him“.
The Richest Man in Babylon
Written by George S. Clason in 1926 in archaic and fascinating English in a somewhat biblical style, The Richest Man in Babylon remains a timeless classic of personal finance.
My overall ranking: 10 out of 10
The protagonist of the book is the rich Arkad, who through a series of very instructive parables, will teach his friends (and you) how to manage, multiply and create money.
Clason set the book in a very suggestive environment, the ancient kingdom of Babylon, the richest Mesopotamian city of all time although founded in the middle of the desert.
This is no coincidence because the image of wealth that is created out of nothing is exactly what the author wants to instill in your mind: you can be rich, you just have to learn how to do it!
Arkad Is His Name
And Arkad, the richest man in Babylon himself, will explain it to you step by step: how did an ordinary boy become the richest man in all of Babylon, from whom even the king asks for advice on managing the finances of the kingdom and borrow gold in times of trouble?
How could his son Nomasir, without financial help from his father, get away from home and create his personal fortune?
What did he learn from his father?
In wealth management, there are 5 fundamental laws, which – if well understood and applied- allow anyone to obtain abundance and prosperity.
THE book is absolutely to read and to give to all the boys and girls who are about to earn their first money.
I recommend not just dwelling on savings tips (which although they are useful are also quite intuitive) but reading between the lines and trying to embrace the mindset of the successful man who knows how to create his wealth. Therefore, pay particular attention to the engaging stories and anecdotes told in the book.
You will acquire the basis of everything in order to build your own wealth or even just become a better saver.
There are simple concepts and at the same time so underestimated, which represent the key to financial freedom and are regularly ignored by all those who complain of not being able to save.
Summary of The Richest Man in Babylon
The book is divided into two parts: in the first, you will find the stories of the great men of Babylon: the rich Arkad, his son Nomasir, his friends the musician Kobbi and the wagon manufacturer Bansir, the camel merchant Dabasir and the moneylender Mathon.
Arkad, in addition to revealing the 5 fundamental laws of gold, will also reveal to you how it is possible to always keep your bag full.
In the second part, it is instead told how two English archaeologists, finding some ancient clay tablets on which Dabasir had told his story, decided to use his teachings to finally free themselves from old debts.
The book ends with Sharru Nada’s enlightening parable on the value of work.
The Richest Man in Babylon lasts less than 200 pages, you can read it in a day or two, but it won’t be enough for you to read it once!
And you will certainly understand what it means to “don’t ask a brickmaker for advice on jewelry!”
Have you already read The Richest Man in Babylon? What do you think? Write it in the comments!