REVIEW: The Richest Man In Babylon by George S. Clason – part 1
Thank you for being here. I just want you to know how much I appreciate your support.
Today, we are going to dive into the most inspiring book on wealth ever written. It is also my favourite book on wealth.
This review will consist of several parts.
Let’s start looking into the success secrets of the ancients. We begin with these 4 truths.
1. Money is the medium by which earthly success is measured
I want to stress out how it says earthly success.
Money is not everything in this world. In life, there are a lot of aspects. Some of which are in health, wealth, love, happiness, spiritual, and mental. In things we believe in this world and after.
Having said all that, we all know how important money is in our daily lives. How it helps us do more of what we love.
Money may not be everything, but it is what we use to measure earthly success. Money is numbers. It’s measurable. It’s trackable. And therefore a good way to see progress in achieving our goals in this world.
2. Money makes possible the enjoyment of the best the earth affords
There are times when the saying: “The best things in life are free” comes out. In more ways than one, that saying has truth behind it. But not always. Sometimes, we get caught up in life and we end up not being able to enjoy the simplest joys in life simply because we cannot afford them. Not because it is expensive, but because we do not have the luxury of time to spend on it.
A lot of people are trapped in their jobs living paycheque to paycheque and do not have the luxury of being able to miss work.
I’ve been there. I know how it is.
That’s why, even though I am a workaholic, I have decided to be on this path. To be financially free. To be wealthy. To be free enough to enjoy doing the things I love whenever I feel like it.
Another saying that comes to mind is: “You get what you pay for.”
This saying really hits the mark on our topic. Most of the time, the best of anything offered in today’s world are expensive.
Most times, we do get what we pay for.
An economy vs a first class plane ticket on the same flight for example. Both tickets get you to the same destination. Same time. Same plane. Same destination. But the journey is different.
3. Money is plentiful for those who understand the simple laws that govern its acquisition
Nearly one-third of lottery winners eventually declare bankruptcy.
Lottery winners are more likely to declare bankruptcy within 3 to 5 years than the average person.
This also happens to people who inherit huge amounts of money out of the blue.
Why?
Because they are not ready for it. They have not become a person capable of handling such responsibility.
Fast success builds ego. Slow success builds character.
In order for us to succeed, we must grow to become who we want to be. We must go through the journey. No shortcuts.
We must have the character and capability we obtain through our journey.
On this note, I remember a parable:
When a man with money meets a man with experience, the man with experience obtains the money. While the man with the money obtains the experience.
Therefore we must learn, understand, and put into action the simple laws that govern money and how to acquire it.
4. Money is governed today by the same laws which controlled it when prosperous men thronged the streets of Babylon, 6000 years ago
Over the years, money has changed forms.
Money is simply a way to measure value and exchange. To trade.
It has gone through various changes like stones, weapons, food, spices, gold, and paper. It is continually changing.
Even though money has changed names numerous times, the laws which controlled it have remained the same. The root ways to acquire value have not changed.
These are the 4 ancient truths of money. As we move forward, we will read more into the truths as told in the book, The Richest Man In Babylon.
I have learned a lot from just these 4 truths. And so will you.
I appreciate you being here. Thank you. See you soon.
