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The Richest Man in Babylon by George S. Clason
The Success Secrets of the Ancients

My Thoughts

The Richest Man in Babylon is written in story form; fun to read and easy to understand regardless of your financial education. It’s a concise book and hard to put down once you start reading.

My Favorite Quotes

• Men of action are favored by the goddess of good luck.

Contents (Chapter Outline)

• The Man Who Desired Gold
• The Richest Man in Babylon
• Seven Cures for a Lean Purse
• Meet the Goddess of Good Luck
• The Five Laws of Gold
• The Gold Lender of Babylon
• The Walls of Babylon
• The Camel Trader of Babylon
• The Clay Tablets from Babylon
• The Luckiest Man in Babylon
• An Historical Sketch of Babylon

Introduction

Money is plentiful for those who understand the simple laws which govern its acquisition.

Money is governed today by the same laws which controlled it when prosperous men thronged the streets of Babylon.

Seven Cures for a Lean Purse

1. Start thy purse to fattening
2. Control thy expenditures
3. Make thy gold multiply
4. Guard thy treasures from loss
5. Make of thy dwelling a profitable investment
6. Ensure a future income
7. Increase thy ability to earn

The Five Laws of Gold

1. Gold comes gladly and in increasing quantity to any man who will put aside not less than one-tenth of his earnings to create an estate for his future and that of his family.
2. Gold labors diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field.
3. Gold clings to the protection of the cautious owner who invests it under the advice of men wise in its handling.
4. Gold slips away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep.
5. Gold flees the man who would force it to impossible earnings or who follows the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.

Lessons From Chapter Endings

• A part of all you earn is yours to keep.
• Men of action are favored by the goddess of good luck.
• Better a little caution than a great regret.
• We cannot afford to be without adequate protection.
• Where the determination is, the way can be found.

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Here is a list of my book summaries.

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