The Richest Man in Babylon
The Richest Man in Babylon by George S. Clason is an aging chestnut. It's a classic in the field. Many later financial books are based on Clason's advice, which is framed in King James-style English rules:
Rule #1: Start Thy Purse Fattening — save 10% of everything you earn
Rule #2: Control Thy Expenditures — create a budget to live within your means
Rule #3: Make Thy Gold Multiply — invest the savings from rule one
Rule #4: Guard Thy Treasures From Loss — invest only where the principal is safe
Rule #5: Make of Thy Dwelling a Profitable Investment — own your home
Rule #6: Insure a Future Income — plan for retirement
Rule #7: Increase Thy Ability to Earn — become better educated, more skilled; respect yourself
- Howard's blog
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