Book Review — Richest Man In Babylon.
Timeless Lessons on Wealth
"Money isn’t everything, but it does account for about 95% of what gets done."
Recently, I had the pleasure of diving into "The Richest Man in Babylon," and it was a transformative experience. This classic book offers simple yet profound insights on how to save, grow, and compound money. It serves as a perfect complement to "Think and Grow Rich," which focuses on earning money. Here, I’ll share a brief summary of the key takeaways from "The Richest Man in Babylon" in an easy-to-understand manner.
The Basics of Wealth
The book revolves around the wisdom of the richest man in Babylon, Arkad, who shares his secrets of wealth with his fellow citizens. Here are the core principles he teaches:
1.Pay Yourself First
Save at least 10% of your earnings. This simple habit of saving ensures that you are building a foundation for future wealth.
2.Control Your Expenditures
Differentiate between needs and wants. Spend wisely and avoid unnecessary expenses, ensuring you live within your means.
