12 March 2013

reading "the richest man in babylon"

I haven’t been able to read much of The Richest Man in Babylon (I only get to read it on the bus in the mornings going to work), but from what I’ve read so far, there’s a whole lot of information and learnings you can get from it. Contrary to most financial self-help books, this is more like a novel with stories that you can learn from...a bit like parables or Aesop’s fables. It’s mostly about Arkad, and he teaches his fellow Babylonians the things he did to be able to become the richest man in Babylon.  The language used is a bit weird because it takes place during the ancient period, but it’s still pretty easy to understand.

Until now, I’ve only been able to read less than 60 pages, but this has already covered the lessons “A part of all you earn is yours to keep” and the “Seven Cures for a Lean Purse.”  These are explained in detail very simply throughout the stories, and when you read them, it’s like an eye-opener because you’ll realize that if you only had discipline, they’d be easy to follow. But of course, discipline is not enough. You need to know what you’re doing and where to keep your hard-earned money.

Just to give you an idea, the Seven Cures for a Lean Purse are:
   • Start thy purse to fattening
   • Control thy expenditures
   • Make thy gold multiply
   • Guard thy treasure from loss
   • Make of thy dwelling a profitable investment
   • Insure a future income
   • Increase thy ability to earn

Although I haven't read the entire book yet, I still highly recommend it to anyone who wants to be financially independent. Seriously, it’s really good. And if you would like to win a copy, just join my birthday giveaway. Now na! =)

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