The Richest Man in Babylon
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10 min

The Richest Man in Babylon

by George S. Clason

Brief Summary

Do you want to be rich but believe that you can’t earn substantial sums of money? This common yet harmful misconception keeps you from fulfilling your goals. “The Richest Man in Babylon” by George S. Clason will prove that wealth is achievable and give you specific advice on how to do it.

Key points

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Babylon is a great, prosperous nation, but its prosperity doesn’t come from its natural resources. On the contrary, thousands of years ago, Babylon had only a river and fertile soil, nothing else. Using just these two resources, Babylonian engineers built an incredible irrigation system that ensured plentiful harvests for the people.

However, despite Babylon’s prosperity, most of its people seemed unable to support themselves. When King Sargon, the ruler of Babylon at that time, heard about the people’s poverty despite the nation’s wealth, he asked the Royal Chancellor about the reasons. The Chancellor explained that throughout the years, most wealth has gathered in the hands of just a few wealthiest men. The King wondered why only some men could acquire such wealth. The Chancellor’s answer was simple: “Because they know how to.”

Attitude is crucial when it comes to acquiring wealth. For example, many people believe that they will never be rich. They look for excuses instead of finding ways to multiply their prosperity. It’s a harmful misconception. It makes people believe that wealth is destined for the chosen few, and the rest of us will have to barely make ends meet. Some people even think that money is a dangerous curse that corrupts the soul if you have too much of it.

Rather than letting these misconceptions fool you, you should look for ways to acquire wealth. When you do so, you can use wealth for your benefit. If you’re prosperous enough not to worry about money, you’ll be able to focus on other things, like self-discovery and finding your true life purpose.

In the modern world, wealth is the universal metric for success. If you understand how to acquire it, you will never have any more financial troubles. Instead, you will be able to enjoy the abundance of things the world around you has to offer. It is like a universal key to every door.

And while we may not live in ancient Babylon, money is distributed by the same exact rules. It’s available to those who know how to earn and keep it. That’s why, even though times have changed, we might learn a thing or two from Babylonians who lived 7000 years ago. At that time, the richest man in Babylon was Arkad, who had his own ways of fattening his purse.

01
Anyone can be rich if they know specific ways to acquire wealth
02
Learn to save the money that you already have
03
Instead of letting your money lie around, put it to work
04
Never miss an opportunity to make a profitable investment decision
05
Be aware of investment risks that might bring you losses
06
After you have earned money, protect it
07
Final summary

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