"The Richest Man in Babylon" by George Clason

This past week I took a trip back in time to re-read the investment classic "The Richest Man in Babylon" by George Clason. Originally written in 1926, it details the seven simple rules for building wealth:

 

1. Start they purse to fattening

2. Control thy expenditures

3. Make thy gold multiply

4. Guard thy treasures from loss

5. Make of thy dwelling a profitable investment

6. Insure a future income

7. Increase thy ability to earn.

 

I've always felt this is a perfect starter book for anyone seeking to improve their life and start a journey towards financial success. It ranks along side of Rich Dad Poor Dad on the must read list for aspiring investors. Personally, I try to read it once every few years just to refresh myself on the basics and to help keep me motivated on the path to success.

 

BIGGEST TAKEAWAY: "A part of all you earn is yours to keep." Or put another way, pay yourself first!

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