Reflection: The Richest Man in Babylon

The Richest Man in Babylon was written by George Samuel Clason about 80 years ago.

At first glance, the book appeared to be just a story about how a slave became the richest man in Babylon.

When the story was first published, it was in the form of pamphlets distributed to provide financial advice. So please don't read this book as a storybook, treat it as your get-rich textbook, read it again and again as a your financial guide in life. Put the lessons into practice, and you may be the next millionaire.

There are a few lessons I learnt from reading the book:

a. Pay yourself first (the only way to be rich is to spend lesser than you earn)

b. Money makes more money (like the concept of the "children" of money, if we eat the children of money as in we used up all the interest or dividends, there will not be any more grandchildren)

c. Trust the right person (some people never learnt this, they seek financial advice from their colleagues and friends who are as poor as they are)

Today many of us feel like a slave to our jobs (many salaried employees are worked like a slave). The Richest Man in Babylon tells us that we can be the richest person if we calculate the right habits, invest wisely, own the house we live in and spend wisely.

The free ebook can be downloaded at http://www.passive-income.co.za/download/TheRichestManinBabylon.pdf

Happy reading. Enjoy the process of getting rich and be the richest person in town.