Sunday, September 11, 2005

swingbeat: 6/26: The Richest Man in Babylon by George S. Clason

This book is a collection of fictional parables that detail ideas on money management. They involve conversations with The Richest Man in Babylon, in ancient times. He starts off with a few rules:
1. Start thy purse to fattening
2. Control thy expenditures
3. Make thy gold multiply
4. Guard they treasures from loss
5. Make of thy dwelling a profitable investment
6. Insure a future income
7. Increase thy ability to earn

The author takes these ideas and assumes that the reader will be able too apply them to his modern life.

All in all, this was an OK book, not unlike David Chilton's "The Wealthy Barber". There were some nice ideas, but the whole "thee" and "thou" and "thy" got a little distracting and pretentious.

If you want a book on money management, read Personal Finance for Dummies - way better, more entertaining, more applicable.

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