Summary: People around the world have followed George S. Clason’s advice and studied the ‘Babylonian parables.’ According to Clason, the ancients had the secrets to success, and all we have to do is listen to reap the reward of their lessons. Successful business and financial leaders now employ many of the secrets revealed in this book, and now so can you by listening to this fascinating new audiobook edition of The Richest Man in Babylon. The information found here is vital’try it and see for yourself….Read more.
Probably one of the most important books ever written. It actually originated as a pamphlet series sponsored by a consortium of banks to get people to save and invest more. The principles still hold true almost 100 years later!
I really love how this book talks about personal finance through the medium of story. It’s “set” in ancient Babylon, but really it’s a collection of advice on what to do with your money, and what separates the rich from the poor.
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George Clason: The Richest Man In Babylon Audio Book Summary
If youíre looking for a summary of the book “The Richest Man in Babylon” written by George Samuel Clason, then youíve come to the right place.
In this summary, weíre going to highlight some of the key lessons this book imparts ñ and we will also explore some of the history and overall success surrounding this book. Keeping this in mind, letís learn more about what this book has to offer.
To begin with, the book was initially published all the way back in 1926, where it started out life as a simple pamphlet commonly distributed by insurance companies and banks. The general focus is on sharing financial advice in the form of parables which are set in the ancient realm of Babylon. The book introduces a variety of lessons in the form of parables which are designed to deliver simple gems of financial wisdom.
The book has certainly been popular over the last century, and there has been no particular downturn in its popularity at all. If anything, it has only grown in notoriety as time passed ñ which just goes to show the timeless nature of the wisdom contained within.
So what kind of lessons does the book reveal?
Some of the most prominent lessons include the concept of living below your means, otherwise expressed in the book as “control thy expenditures”. This concept clearly explains the virtue of spending less than you earn, and teaches us that living with frugality is important for saving and creating wealth.
Next, the book explains the benefit of making your own money work for you, explained under the phrase of “make thy gold multiply”. The key lesson here is that itís better to use your money as an investment to earn more money, rather than merely relying on selling your time alone.
Another key take-home point from the book is the idea of “guard thy treasures from loss” ñ which explains the importance of long-term insurance. Of course, the book was initially used to sell insurance in some form or another, but the idea certainly deserves great merit, and it truly explains the importance of protecting your wealth once you have accumulated it.
Finally, perhaps one of most important lessons instilled in this book is the concept of investing in yourself, otherwise known as “increase thy ability to earn”. Ultimately, by investing in our own skills and knowledge, it becomes possible to provide greater value to the world and earn a greater financial reward in the process.
Overall, The Richest Man in Babylon serves as an inspirational financial guide to many, and it is certainly chock full of timeless wisdom thatís well worth learning regardless of your current age of skill set.
In fact, the book is noted to be the favorite of many top investors, such as Warren Buffett ñ which just goes to show the tremendous respect this work has obtained since it was first written.
So if youíre looking for a book that will sharpen your financial skills and give you a new insight into wealth accumulation, then you certainly canít go wrong by purchasing a copy of The Richest Man in Babylon and absorbing the lessons it contains.