إذا اردت أن تصبح غنيا فلا تترك محفظتك خالية أبدا. ادخر 10% من دخلك واستثمره في مشروع تفهمه تماما أو شارك من يفهم. لا تقرض أحدا إلا بضمان. أظن بأن هذا هو كل الكتاب!
من قراءة أول قصة ستفهم الرسالة

"If determination is there, ways can be found"

This classic poetic map, helping us to discover and reap the treasure of finances, teaches through tales one can only imagine to be too idealistic to be true at the face of it. Cardinal rules, conjured even before the birth of Christ, will take you through the world of trade, money and gold in ever so entertaining ways beyond one's wildest imaginations.

The rules have stood the test of time as it has been documented at the end of the book that how the archaeologists who found the clay tablets upon which these rules were documented practiced these rules and were able to gain control of their finances in ways incomprehensible to them before. They used these ways and were surprised to see the results as they simultaneously built on their corpus, returned back their loans with due diligence and also comfortably carried on with their daily needs being met periodically without a hitch.

Now the burning question- What the hell are these rules which even after 8000 years hold ground? Well there are umpteen of them in the book but some of them one must be exposed to so as to feel the golden rub off:p so here comes:-

1) You should always pay yourself no less than one tenth of whatever you earn. I know some of you might be feeling disappointed but that's true guys. Life is simple and coming to simple conclusions only will bring in sense to your life. The first question that I had in my mind after reading this was that if I'm getting the whole income, what is the meaning of paying one tenth of whatever I earn to myself? Well to clear the smoke on that, your expenses on things such as rent, food, objects etc don't count as a payment to yourself because they go as they come. These things should be accounting to 70% of your salary. There is an assumption here that everyone must be having some or the other obligations to fulfill so 20% should be kept for that whereas the last 10% should be kept only for you.

2) Control thy expenditures. There is a big difference between your burning desires and fleeting wishes that keep you enslaved on a daily basis. These are the very vicious wishes that leads one's boat to the rocks of loss and remorse. This is a very difficult part as differentiating between the two is the first step towards controlling your expenditures. One way to evaluate between the two is to imagine whatever you wish for and ask yourself how would your life be affected if this wish is not fulfilled and if the answer is 'nothing much' then it is not worth pursuing.

3) Multiply thy gold. If your money doesn't earn money for you then it is speaking to you in a language you don't understand. Consider money as your employee which will give birth to kids which will further work to produce more kids unless you have a big army such that in-Toto they become river of gold for the rest of your life. Money kept idle is a wasted ammunition and as we all know idle money looses its value faster than we know.

Fickle Fate, as many people claim, is the name of the game in earning money but whosoever has fallen into the clutches of this goddess has seldom lived to tell the story. Opportunity my friends is a gorgeous goddess who pays visit to all but the problem is she is impatient and doesn't like to waste her time for those who are unprepared. The time has come to ask oneself- "Do we have the soul of a slave or of a free-man?" at the end of the day we are nothing but the choices that we have made:)

مُمل رغم جمال النصائح.

"...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.

"And when youth comes to age for advice he receives the wisdom of years. But too often does youth think that age knows only the wisdom of days that are gone, and therefore profits not. But remember this, the sun that shines today is the sun that shone when thy father was born, and will still be shining when thy last grandchild shall pass into the darkness."
There are unconditional and eternal certainties that pass throughout the centuries. There are valuable lessons that pass from generation to generation worthwhile learning. Times have changed, and regardless of the socio-economic environment, there are certain states of mind that are unchangeable for a stable lifestyle.
George S. Clason wrote this book through a collection of ancient parables, set 8,000 years ago in ancient Babylon. Babylon, according to ancient documents, was a prospering and rich city. The citizens of this city mastered the ability to create and grow wealth. They appreciated the value of money and practised valuable principles in acquiring wealth.
The book starts with the main idea of the seven cures for a lean purse. Wealth is not attained in a short period of time. It takes time, patience and determination. This main concept tells that one should save one-tenth of the income, invest in the future, secure a future income and control significant expenditures. Later on, the author presents the "Five laws of Gold". In this chapter, it's presented the "How-to" use gold in a wise manner. In a later part of the book, it's presented a metaphorical tale about determination ("Where the Determination Is, the Way Can be Found."). The book carries on with inscriptions concerning "The clay tablets of Babylon". In these tablets, one can find practical examples of people who prospered, in a wise way. The book finished with three symbolic stories: "Meet the goddess of good luck" ("Men of Action are Favored by The Goddess of Good Luck"), "The Walls of Babylon" and "The luckiest man in Babylon". The last two stories teach relevant lessons about wealth protection and opportunity.
The author provides a comprehensive guide to understand and acquire some financial stability. Clason presents ancient "financial habits" through stories from that period. One must take into account that there are no secret formulas in order to attain wealth. It all depends upon our state of mind which requires determination, focus and commitment. Furthermore, understanding how the economic system works is always a huge step in order to acquire a decent financial solidity.
"The richest man in Babylon" is a recommendable book for those who need some practical and proper ideas for steady financial growth. The main ideas for wealth are there, but it all depends on ourselves. The socio-economic environment has changed throughout the centuries. We live in a more complex economic situation compared to Clason's time. However, all decisions and habits we take every day will have a deep impact on us in the future.
In the age of debt, credit card and bank loans, having a better economic perception is the beginning of financial freedom. Overall, this book teaches valuable lessons that can be adapted in our current lives for a better financial outcome.

Rating: 4/5 stars

كتاب أغنى رجل في بابل

Lo, Money is Plentiful For Those Who Understand The Simple Rules of its Acquisition

$even Cures for a Lean Purse

1. Start thy purse to fattening
For every ten coins thou placest within thy purse take out for use but nine

2. Control thy expenditures

3. Make thy gold multiply
Not only did my capital increase, but it's earnings likewise increased

4. Guard thy treasures from loss
It is wise to be intrigued by larger earnings when thy principal may be lost? I say not

5. Make of thy dwelling a profitable investment
Every man own the roof that sheltereth him and his

6. Insure a future income
A man to make preparation for a suitable income in the days to come, when he is no longer young, and to make preparations for his family should he be no longer with them to comfort and support them

7. Increase thy ability to earn Cultivate thy own powers, to study and become wiser, to become more skillful

Read the book! it's an excellent financial advisor!!!!!!!!!!!!!!!!!!!!

Very repetitive, the financial lessons are very simplistic and some even outdated

3.75/5 stars (rounded up)

“

What in the name of crap was that?!

Why does this book have such a high rating on Goodreads? How can a person who's read literally any other book, fiction or otherwise---even a school textbook, really---want to give it a rating any higher than 1?

It has such basic financial advice. Here, let me save you the trouble of reading this book:
1. Control your unnecessary desires
2. Save a portion of your income
3. Protect it from bad investments
4. Invest your money wisely
5. Let your money multiply
6. Don't borrow more than you can repay
7. Don't spend more than you earn (already a repetition of the second idea)
Done

Just these seven basic ideas are repeated over and over and over and over and over and over and over and over and over again throughout this book. Maybe the author didn't want it to be too short; but it still is. It's much shorter than its *epic* 155-page length. As short as an average Goodreads review.

And I don't know what the original reason was to give this financial advice via a story, but thank god for that! Without the story what would have this book even been about?! And the story is just used to make points. Ugh, why oh why.

Don't waste your time reading this book. There's plenty good academic as well as non-academic finance books out there.

0.1/5

n  "Wealth that comes quickly goeth the same way."n

The Richest Man in Babylon is one of those books that has been on my TBR forever. The only reason I finally picked this up was to catchup with my non-fiction reading goals. Turns out, this is actually a fantastic read!

n  "No man's family can fully enjoy life unless they do have a plot of ground wherein children can play in the clean earth."n

The Riches Man in Babylon is of those books like Alchemist: A simple story is being narrated with the aim of delivering a strong underlying idea (but unlike Alchemist, there's no multiple interpretations here). And that underlying concept here is the basic financial management. While it might seem too simple to warrant writing an entire book about it, I think this would be a nice eye-opener for many.

The core principle moves around each person paying himself/ herself at least one tenth of monthly earnings as a means to ensure future happiness. Again, though it might seem trivial, the author's subtle way of drawing the reader's attention towards the importance and methodologies are very effective in my opinion.

n  "Thy desires must be strong and definite. General desires are but weak longings."n

This is a very short book. And give how short it is, I cannot help but recommend that this should be read by everyone, irrespective of the reading preferences. The little time you invest will leave you with some messages worth remembering throughout entire life!

n  "Opportunity waits for no man. Today it is here; soon it is gone. Therefore, delay not!"n