“The Richest Man in Babylon” by George S. Clason is a classic personal finance book set in ancient Babylon. The book offers timeless financial principles through a collection of parables. Here’s a brief summary:
The story revolves around Arkad, the richest man in Babylon, who imparts his wisdom on money management to a group of friends. Key lessons include the importance of saving at least 10% of income, making wise investments, avoiding debt, seeking counsel from knowledgeable individuals, and ensuring a secure future through careful financial planning.
The book emphasizes the enduring principles of thrift, wise investing, and taking control of one’s financial destiny.