“The Richest Man In Babylon”
Hellloooooo Dollabuzz readers or people Google searching for a rich man in Babylon and came to this post. Glad you found us! A story told through lessons, The Richest Man in Babylon by George S. Clason, provides readers with a Dollabuzz code to live by. At Dollabuzz we are always on the lookout for entertaining and insightful personal finance books. Ordinary personal finance “textbooks” can be poor motivators and awful to read. Not this book. This book provides insight into getting your money right. Aight?!
Clason creates a story that details the early lives of Babylonian’s. More specifically, their financial habits and how they have learned to better manage their wealth. My favorite lessons include, “A Part of All You Earn is Yours to Keep”, the “Seven Cures for a Lean Purse”, and the “Five Laws of Gold”.
“A Part of All You Earn is Yours to Keep”
Sure, we might have all heard this, but do you really know what it means? Everyone works hard for the money they earn, but most of it goes to other people. This is a real Dollabuzz-kill! We know, you have stuff that you have to pay for. Living expenses, groceries, beer, and some might even say a Netflix subscription. But, at the end of the week, what do you have to show for your hard work? Remember the saying “a part of all you earn is yours to keep” and get your Dollabuzz on!
Say it to yourself: “A part of all you earn is yours to keep”. So keep some! Pay yourself first. In the book, one-tenth is for yourself. If you can do that, great! If you can afford to pay yourself more, even better! But ALWAYS put away something for yourself. Looking for a place to put that money? Dollabuzz has you covered. Check our post on investing.
“Seven Cures for a Lean Purse”
For anyone who knows the feeling of having an empty purse (or wallet), it can be a difficult hole to dig yourself out of. The “Seven Cures” are a step-by-step guide of how to fatten your purse. I have already given you the first cure, saving money for yourself is one of the most important and difficult goals to accomplish.
But what do you next? “Control thy expenditures”, that might seem easy, but deciding what is necessary and what is a desire will take time to master. Clason has simplified the process so that everyone is able to follow along. Being told what to do is one thing, but when you actually take charge and do it, you can build a strong financial foundation for your future.
“Five Laws of Gold”
Just like the “Seven Cures”, the “Five Laws of Gold” give the reader an idea of how gold is accumulated and maintained: special emphasis on “maintained”. Gaining wealth from a high-paying job, saving money, or winning the lottery does not mean you are prepared to maintain that wealth. The “Five Laws of Gold” is the next step for someone who is able to save a part of all that they earn. Only through carefully managing wealth will it continue to grow and provide for you and your family’s future.
We only recommend books that we have read and help you achieve your Dollabuzz. The Richest Man in Babylon is a personal finance book that does not feel like personal finance book. Follow the guidance offered and you will be rewarded. Dollabuzz readers will benefit from “A Part of All You Earn Is Yours to Keep”, the “Seven Cures For a Lean Purse”, and the “Five Laws of Gold.” These stories provide Dollabuzz lessons that will inspire you to get your money right.
Dollabuzz Your Finances
Opt in below to receive your money plan tools and personalized financial plan. Time is money!