Saturday 15 July 2017

Mini-review: The Richest Man in Babylon

Entertaining series of parables on the theme of prudence and wealth set in ancient Babylon written in the early part of the twentieth century.

Good advice for the financial novice who is open to the storytelling format - teens or recent graduates would probably get most from it, but I think it would be a rare example who would actually pick up such a book.

Much of the advice is common sense, and I admit has served me well:
  • Save some of your earnings
  • Invest it wisely
  • Don't waste money on trinkets
  • Pay down your debt asap
  • Build your own capacity to earn
and reading that back it seems rather trite, but it is charmingly delivered. 

Those of a cynical mind may also read them in a different light once you know who originally distributed the pamphlets that the book is derived from (banks & insurance companies).  Indeed, it is hard not to suppress a hollow laugh from time to time.

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