There is a very interesting personal finance book, and I want to leave you 6 important points.
The book is called The Richest Man in Babylon, written by George S. Clason.
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- George S. Clason (Author)
Perspective of George Samuel Clason
George Samuel Clason is an early 20th century author who revolutionized the financial advice. After serving in the Spanish-American War, George began writing international pamphlets on how to achieve financial success. The Richest Man in Babylon is a compilation of the most popular pamphlets about him. George is credited with inventing the term «Pay yourself first.» He also created two companies, the Clason Map Company of Denver, Colorado, and the Clason Publishing Company. The Clason Map Company was the first to publish a highway atlas of the United States and Canada.
The Richest Man in Babylon is a book that is almost 100 years old. With that said, the book is still just as applicable today as it was when it was first published in 1926. The book focuses on explaining financial advice through a collection of parables. These parables are set in ancient Babylon. Specifically, set 4,000 years ago. They are associated with a fictional Babylonian character named Arkad. Arkad is a poor scribe who became the «richest man in Babylon». Babylon was the richest city in the world at that time because its inhabitants appreciated the value of money. This book is one of the most prominent classic books providing financial advice. By the end of this book summary, you’ll understand Arkad’s financial advice. Specifically, he will have seven priests and five gold laws. These will help you generate money and then protect and invest it.
