The Richest Man in Babylon by George Clason is a book that has brought a big impact with my financial recovery. This book made me from zero to hero.If people would ask me what book to recommend for their financials, it will be this one.
I came to know this book through Jim Rohn in the early 2015. I was making my research how to recover from my financial disaster.
I bought The Richest Man in Babylon in Kindle version for only $1.99. It’s so cheap, right? It’s even a lot cheaper than a cup of Starbucks coffee! And if you follow the suggestions in this book, you will find yourself being able to pay more Starbucks coffee. So cheap, yet the ideas are priceless.
I also bought The Richest Man in Babylon in paperback for my library collection for only $12.
Don’t tell me you can’t afford it? You will be losing millions if you won’t read it. I’m very sure about that. Don’t tell me you don’t have money to buy it. You can even borrow $2 from your kid.
The book was written as compilation of short stories. It was written in some kind of old English, but it’s not that difficult to understand. This is to make as if real happening in the old Babylon.
The story started when two friends, Bansir the chariot builder and Kobbi the musician. They were specialist with their craft but they are both very poor. With their desperation, they went out to seek the advice of their childhood friend Arkad who had grown very rich, amassed fortunes and became the richest man in Babylon.
These is where I picked up the Three Steps to Financial Freedom that I am sharing. The three steps are:
- Learn to Earn
- Learn to Save
- Learn to Make your Money Work
Learn to earn is the first step where you will do whatever it takes to earn money as long as it will not go against your virtues and values.
Learn to save shows how to pay ourselves first. Keeping an amount from your earnings will make your pocket full of money. You have to spend only the seventh part of your income for your lifestyle and keep the other parts for yourself and in paying back.
Learn to make your money work is where you have to invest to any income generating business that you do or other people in their business.
So what happened to my financial? Following the steps I created, following the suggestions from the book, I was able to payout my debts, saved and invested my first million pesos in Unit Investment Trust Fund. And most recently, paying another one million pesos for the down payment of the apartment we are buying. All these were done in the span of two years and two months (June 2015 – August 2017).
Of course, I will not be able to make it work without the help of God. His timing is always the right time, I just have to patiently wait for the planting I made. Now I’m building a strong fortress that will take care of my family – the most important gift for me. I lost everything once, now I have nothing to lose. If there is nothing to lose, there is nothing to fear. I will do whatever it takes to make the better version of me. That’s how powerful this book had touch my life.
I hope you’d be picking up the book The Richest Man in Babylon. Don’t miss it! Don’t miss your million pesos by not reading this book.
I wish you the best with your financial success using this book!