The Richest Man in Babylon is a 1926 book by George S. Clason that provides financial advice through a collection of parables set 8,000 years ago in ancient Babylon. The book remains in print nearly a century after the parables' initial publication and is considered a classic of personal financial advice.
The Richest Man in Babylon is a classic financial book written in 1926 by George S. Clason.
This wonderful book teaches us how to get rich easily in just a few steps. How the people of ancient Babylon became rich almost 5,000 years ago.
Here are three lessons from The Richest Man in Babylon:
1. Keep your expenses low. Control your spending. Spend only on your needs. Forget about luxury until you become rich enough.
2. Protect your investments against losses. You need to know where to set your stop loss trigger. Stay away from loss-making companies.
3. Ensure future income. Save 10% of your total income for the future in case you need it.
Please read the book The Richest Man in Babylon to get more financial knowledge and advice.