Does getting financial advice from an 80-year old book sound crazy? For most people, maybe, but not if the title of the book is The Richest Man in Babylon. This book is considered by many to be the greatest financial advice book of all time. And did I mention that it's already over 85 years old? Its reputation is definitely a testament to its usefulness and the many timeless lessons written inside it.
The Richest Man in Babylon was written by George Samuel Clason and began as a series of informational pamphlets in 1926 which banks and insurance companies began to distribute. The most famous of these informational pamphlets were eventually compiled and turned into this book of great financial advice.
The book shells out highly valuable advice related to finance through a collection of parables set in ancient Babylon. There are a few key characters and they are followed around as they discover the key to monetary happiness and freedom. It contains eleven chapters where it talks about some very important things, which include the Seven Cures for a Lean Purse, Five Laws of Gold, and one special chapter about what is being referred to as the Goddess of Good Luck.
It offers very simplistic ways of acquiring, keeping, and growing health to a level that will leave one very wealthy, similar to the level of the richest man in all the land. Most of the advice it gives is rather straightforward and in the grand scheme of things, it all makes sense. It kind of tells you everything you already knew but just couldn't formulate into a simple philosophy. It's about money, so naturally it teaches one to develop a good philosophy towards money.
The book offers an understanding and a solution to personal money problems, using "Babylonian principles," or what some refer to as the success secrets of the ancients. What's great about it is that you don't even need to read past the first three or four chapters to get the gist of it and get started on your way to financial independence. In fact, the cornerstone of the book can be found in the third chapter itself, where it offers the seven basic principles that one should absolutely adhere to when it comes to acquiring, keeping, and making money for oneself.
There's a reason why The Richest Man in Babylon remains a very popular financial advice book to this day. It's one book that no one should pass up on especially if they long for financial happiness.