مُمل رغم جمال النصائح.

An interesting book, of which the most important theme tackles proper financial thinking and the ways to acquire wealth, which are important subjects for everyone, although the way it gives its content is the best asset of the book, making stories from old Babylonia, supposedly through texts which are retrieved from the ruins of the ancient city, all the content is arranged in a neat and orderly way.

This is a great starting item for someone who is pressed for time and doesn't want to read a ton of financial books. While some of the ideas are archaically written, they remain timeless. An obvious one: as a person's wealth rises, so do their expenses.

Translation, if you want to have money, learn to discipline yourself now and not later. Studies show that most lottery winners are bankrupt within a few years and mostly because they lacked self discipline. Therefore, the problem is not the lack of money but how it is managed. Any accountant worth his salt will tell you that.

Keep in mind the story is set in ancient Babylon so if you want something more contemporary, while learning, try RICH DAD, POOR DAD by Robert Kiyosaki.

A delightful and very practical read. How to prosper in the world. The simple advice remains as true for 2021 here in the west as it did for Babylon many years prior to Christ. It is given in a series of tales set in and around ancient Babylon. A joy to read.

Unele dorințe rămân doar dorințe, până găsești modalitatea de a le îndeplini. Des cea mai mare dorință a omului este de a se îmbogăți.
Însă dacă provii dintr-o familie săracă, medie sau lucrezi la stat, se consideră că ar fi imposibil să te îmbogățești. Sau că este posibil doar dacă furi sau obții prin noroc banii. De parcă nu mai există alte metode de a face bani.
Această carte te învață înțelepciunea financiară sub formă de pilde fictive actuale și astăzi încă de pe timpul Babilonului.
În carte se explică cum să muncești pentru realizarea dorinței, să devină ceva real și e scris într-o manieră hazlie. Cum să te transformi dintr-un consumator, într-un investitor (nu în sens direct).
Povestea Zeiței Norocului te învață că trebuie să fii mereu pregătit pentru oportunități, pentru că norocul răsplătește oamenii care acționează.
Mi-a plăcut foarte mult modalitatea autorului de a scăpa de datorii, o metodă ușor de aplicat.
" Dacă există hotărâre, soluţiile pot fi găsite."

The Richest Man in Babylon is a fantastic book to change your wealth paradigm. Originally published in 1926 as a series of booklets, the chapters are a little disjointed, but well worth the read. Clason espouses some very simple wealth building principles. First, save 10% for yourself. Secondly, invest 10% with the advice of knowledgeable and prudent advisers. Finally, he recommends using 20% of your income monthly as payments to get out of any debt you may have. Clason recommends distributing this debt payoff amount evenly between all outstanding debts, thus paying them simultaneously. The remaining 60% can be used for living expenses. He encourages thrift and fortitude to lift oneself to wealth and warns against gaining wealth quickly.

This book is applicable today when so much of the nation is in debt and living from one paycheck to the next. Many delightfully told stories of lifting oneself from poverty and dishonor to hard-won wealth sympathize with our situation and encourage diligent effort.

One piece is missing: the tithe. A 10% donation to God will certainly yield greater benefit than any investment. Also, after debt payoff, increasing donations and/or investments and continuing to live on 60% of your income would be a good idea.

یه کتاب خوب در مورد مدیریت مالی، البته بسیار ابتدایی به نظر میرسه، چون خیلی از تقسیم بندی های مهم رو انجام نداده، شایدم درست باشه

Read it 4 years ago, LOVED it, I should read it again. Fun to read, interesting, though provoking and but mostly just plain inspiring. If you don't have problems with spending too much money no need to read it. If you have tons of money and it's not a problem no need to read it. If you live on a budget like most of it, enjoy. Deserving of its well-regarded status of one of the classics of personal finance.

"...I made a million,today. What did you do?..."


A book review of “The Richest Man in Babylon” by George S. Clason

Have you heard about The Richest Man in Babylon, by George S. Clason first published in 1926, it’s a story that maybe you should read? When I first read this story I was just a young boy, but it still fascinates me now.

My grandfather had given a copy to me to read, and after I finished reading it, I can remember him asking me what I had learnt. I can also remember what I said in reply.

I explained to my granddad that I understood the wisdom of saving and how Armad the richest man in Babylon acquired his wealth that had spent much of his time teaching others how to become wiser, and I guess wealthier?

You might consider that Arkad was lucky in his life that he was able to accumulate such wealth, but you would be wrong in your thinking. He had a simple philosophy save ten per cent of what you earn and invest, and this is what he did. Every day he taught to the crowd who would gather to listen that his fortune didn’t depend on lady luck, but on wise investment of one’s earnings.

Those bankers which lost billions for their banks recently and had to be bailed out by governments around the world they should read the story about Arkad, but I guess they would be too busy spending their bonuses. I find it difficult to multi-task as well. Even computers cannot multi-task it just appears so.

I wrote an article some moons ago called “Adding Alpha - Do computers have the alpha edge” that discussed how investment banks and institutions in today’s cyber space currently rely heavily on ‘algo trading’ to make money trading in stocks, shares, commodities, currencies. Algo trading is a term used to describe the algorithmic software which is used to gain that alpha edge against an increasing frenetic trading market where milliseconds can mean millions in buy and sell decisions in veiled trading markets. In a previous life, a trader said to me “… I made a million, today. What did you do?” I replied, “I’ve fixed the computer.”

Anyhow, my grandfather said you need to read it again, because you have missed the most important point. This is what I did. Essentially, it’s easy to miss the opportunities that come our way which is the moral of the story.

There’s a Jewish proverb that says, “You don’t need intelligence to have luck, but you do need luck to have intelligence.”

It wasn’t until I understood the importance of critical thinking that I really appreciated the truth in this book. When we make assumptions, we often make the wrong ones.

I hope you enjoy it.

الكتاب عبارة عن مجموعة من الإرشادات المصاغة بداخل قصص صغيرة رائعة تكسبك خطوات محكمة فتبلغك بأنه يجب عليك أولاً التحكم في نفقاتك وتكوين أول قواعد ثروتك ، وكيف تبدأ في الأستثمار بهذه الأموال البسيطة ، وكيف توجه هذه العملات البسيطة في إستثمارات ناجحة ، كما يتطرق الكاتب لجزئيات تهم الطامحون ببناء ثروات من الصفر ، وكيف تكون ثروتك واستثماراتك هي ما تنفق عليك في المستقبل ، و تعمل كخط أمان لك عند الكبر ، كما يشير لك على من يستحق الاقتراض من الذي تضيع ثروتك حين تقرضه .

الكتاب عبارة عن بعض القصص عن النجاحات سواء في الزمن التي تتكلم عنه الكتاب او يمكن تجده في قصص سبق وقراءته ولكن بتطور في الاحداث والمجريات, الكتاب انا قيمته على اساس القصص, لان بصراحة اذا اقيمه على اساس ما قاله الكاتب عن كتابه لان بصراحة لم استفاد فقط بعشرون في المئة وكان البقية تكرار, يعني مجموعة قصصية جميلة مع بعض النصائح.
شيء استغرب به ان الكاتب عندما يشرح عن حضارة بابل واين تقع وماذا حصل له الان, فلم يتطرق ولو بكلمة واحدة لا عن بلاد الرافدين ولا عن العراق ولا عن بغداد فقط ذكر نهر الفرات, شيء غريب وعجيب.


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The book is a set of guidelines formulated within wonderful small stories that give you tight steps, informing you that you must first control your expenses and form the first rules of your wealth, and how you start investing in these simple money, and how these simple currencies are directed in successful investments, as the writer addresses particles of interest to aspirants By building fortunes from scratch, and how your wealth and investments are what you spend in the future, and it works as a safety line for you when you grow old, it also indicates to you who deserves to borrow from who wastes your wealth when you lend it.

The book is some stories about successes, whether in the time that the book talks about, or it can be found in stories that have already been read, but with an evolution in events and events, the book I value it on the basis of stories, because frankly if I evaluate it based on what the writer said about his book because frankly it did not only benefit Twenty percent and the rest was a repetition, meaning a nice storyboard with some advice.
Something surprised him that when the author explains about the civilization of Babylon and where it is located and what happened to him now, he did not touch even a single word, not about Mesopotamia, nor about Iraq, nor about Baghdad, just mentioning the Euphrates, something strange and strange.

كتاب رائع .. أشكر أخي سالم النخيش الذي أرسله لي عن طريق صديقي المهندس / عبد العزيز المهيهي ..

أستطيع أن أقول أن الكتاب أراد ترسيخ مفهومين اثنين :
الأول : أن الادخار هو سبيل الاستقرار المالي ..
والثاني : أن العمل هو السبيل للثراء ولا شيء غيره ..

كثير من المرات سمعت من يقول .. لا ثراء إلا بورث او نصب واحتيال أو بيع منتجات محرمة .. والحق أن أولئك يتهمون جزافاً ثلاثة أرباع الأثرياء الموجودين في العالم .. كون الكثير منهم وصل للثراء بجد وعمل واجتهاد .. وليس بتجارة محرمة أو ورث ..

وغالب من يرث ورثاً وهو لا يعرف كيف يتصرف فيه .. يفقده بأسرع مما يتصور .. كون المال مثل أي كائن في الحياة .. إن لم تعرف طريقة للتعامل معه فستفقده بلا شك ..

نحن منذ الصغر .. يعلموننا كيف نجني المال .. لكنهم لم يعلمونا كيف نتصرف مع المال ..

أذكر كيوساكي كم مرة كرر هذه الحقيقة .. في كتاباته ..

سأعود مجدداً لأقرأ النموذج الرباعي للتدفقات المالية .. بمشيئة الله تعالى ..

أما كتاب أغنى رجل في بابل .. فإني أنصح به .. لطيف ورائع ويؤصل لأشياء جميلة في النفس ..



ولكم فائق تقديري واحترامي

محمد الصالح

Horribly written and hard to follow. Maybe would have been a good read in 1927.