Below is another part of the book review from Rachel Stevens. Rachel is a financial analyst in her twenties.
In the classic 1926 film, The richest man in Babylonauthor George Clauson shares a set of timeless principles “for those who aspire to financial success.”
Described as the “Bible of Financial Freedom,” Clauson’s book reveals its lessons through a series of short stories set more than 4,000 years ago in ancient Babylon. The lessons themselves are clear and direct and show that the secrets to building wealth have remained unchanged and applicable throughout history.
The common theme of the tales is that a person can work hard, learn from their mistakes, and become rich. While none of the concepts are likely to be earth-shattering for most readers, they do include the basics that form the foundation Money management.
Despite the proud connotations, the richest man in Babylon is not religious. But the effect of framing the book as a religious tome is that the advice given seems wise and infallible. Whether this is true is debatable, though, there is a solid basic framework here and many sound principles.
The key lesson comes from Arkad, the richest man in Babylon. Following the King’s behest, Arkad shares his “Seven Remedies for a Skinny Wallet” so that individuals and society as a whole can reap the benefits of financial growth.