Advice is one thing that is freely given away, but watch that you only take what is worth having.George Clason
The Richest Man in Babylon | George S. Clason
The richest man in Babylon is a pragmatic account of financial advice told through parables and stories from ancient Babylon. The Book is a classic, and demonstrates the power and wealth generation available when you begin saving a part of your income, investing it wisely and protecting it. Clason echoes the virtues of lending money instead of borrowing it, and the dangers of personal debt
One of the biggest themes throughout The Richest Man in Babylon is the simple act of living below your means. By living below your means, you are able to generate surplus wealth which can be multiplied with prudent investing. You also avoid the stress and wealth destruction which comes with taking on personal or non productive debts. The Richest Man in Babylon also talks about the importance of hard work and persistence, in order to’swing the odds in your favour’.
This is a very quick read, and an absolute must read on the path to Financial Independence. It also makes a great gift for someone who maybe hasn’t quite got their shit sorted yet.
Check it out on Amazon here, listen to it through Audible or buy it from Australia’s local bookstore Booktopia
Captain FI is a Retired Pilot who lives in Adelaide, South Australia. He is passionate about Financial Independence and writes about Personal Finance and his journey to reach FI at 29, allowing him to retire at 30.