The Richest Man in Babylon

This book is based on Babylonian wisdom. Apparently, they found some tablets with written inscription on it. When deciphered it contained some age old wisdom on saving money, investing and creating wealth. George S. Clason has written a book in it. All nice points to follow – save 10% of your income, invest it with the help of experienced money managers, make money work for you, spend only so much. Of course many of the advices are colloquial in the sense that lending money to earn money is not done in today’s times. Today that kind of advice is anathema. Nobody does that, banks and financial institutions are doing that. Towards the end there is a good section on becoming debt free which is quite good – save 10% of your income, spend only 70% of the income and use the balance 20% to repay all the debts you have. That’s a very sane advice. All wives should also read this book because the spending part is where they need to take care. Good book to read and imbibe, only that the colloquialism in the language was a bit of a put down – words like thee, thou, hast, dost, are not used in contemporary English these days. Goodreads 4/5

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