The Richest Man in Babylon is a personal finance book I would recommend to
- Beginners who want to learn about how to manage their money
- Parents who want to let their kids learn about saving money and what to do with their pocket money
- Adults who have suffered bad money management and would like to correct it
Interestingly, I recently pass this book to a colleague who
- Just started at her first job not too long ago
- Urge by her parents to pick up investing
- Generally don’t make sense of her money better than others
So I thought lend this book to her makes a lot of sense.
This is an easy to read book by teaching money management lessons in easy to understand parables:
- Chapter One: The Man Who Desired Gold
- Chapter Two: The Richest Man in Babylon
- Chapter Three: Seven Cures for a Lean Purse
- The First Cure: Start thy purse to fattening
- The Second Cure: Control thy expenditures
- The Third Cure: Make thy Gold Multiply
- The Fourth Cure: Guard thy treasure from loss
- The Fifth Cure: Make of thy dwelling a Profitable Investment
- The Sixth Cure: Insure a Future Income
- The Seventh Cure: Increase thy Ability to Earn
- Chapter Four: Meet the Goddess of Good Luck
- Chapter Five: The Five Laws of Gold
- Chapter Six: The Gold Lender of Babylon
- Chapter Seven: The Walls of Babylon
- Chapter Eight: The Camel Trader of Babylon
- Chapter Nine: The Clay Tablets from Babylon
- Chapter Ten: The Luckiest Man in Babylon
- Chapter Eleven: A Historical Sketch of Babylon
These are essential foundation for any person with money on their hands or wanted money on their hands and it is such a thin book that I should expect this to be finished within at least 5 days.
It is to my surprise that I heard she returned this book to me via another colleague, saying this book is too complicated to understand.
So my question to all that have read it: Is this book that hard for a graduate to understand?
Investment Moats is an investment weblog focusing on dividend investing, growing passive income and personal finance. Learn how to easily budget with my envelope budgeting strategy to save money and not overspend.