The Richest Man in Babylon: A Summary

Jules, The Cowboy By Jules, The Cowboy, 27th Jan 2012 | Follow this author | RSS Feed | Short URL http://nut.bz/3t948jl6/
Posted in Wikinut>Reviews>Books>Business, Finance & Law

The following text is a summary of George S. Clason's book "The Richest Man in Babylon"

The Richest Man in Babylon

Title: The Richest Man in Babylon
Author: George S. Clason
Subject: Financial Self-help
Publisher: Penguin Books
Date: 1926
Pages: 144

Summary

A lot of people in old Babylon wondered how a rich man named Arkad got his wealth. His friends of younger days and he were once equal. They studied under the same master. They played the same games. In neither studies nor games did Arkad outshine them. However, he became rich in the years.

Arkad labored for Algamish, a money lender, by carving a tablet that would contain the Ninth Law in exchange of two coppers but he was not able to finish it soon. Algamish got angry. Arkad insisted that the law was too long to carve. He would only work on it if Algamish would tell him his secret why he was so wealthy.

"A part of all you earn is yours to keep," this was the idea that Arkad got from Algamish.

At first, it was hard for Arkad to do it; to keep not less than a tenth of his earnings no matter how little he earns. He later developed it as a habit and was able to let his gold produce gold for every gold piece he saved was a slave for him. That gave him all the abundance he craved.

Quotes from the Book

Algamish marketed his idea through his inspiring quotes - his powerful tongue which loves to wag. The way he said things made the lead idea considerably persuasive. Here are some quotes I got from the book:

"Every gold you save is a slave for you. Every copper it earns is its child that also can earn for you."

“Wealth, like a tree grows from a tiny seed. The first copper you save is the seed from which your tree of wealth shall grow, and the more faithfully you nourish and water the tree with consistent savings, the sooner may you bask in contentment beneath its shade."

"The sun that shines today is the sun that shone when thy father was born and will still be shining when thy last grandchild shall pass into the darkness."

Through these powerful quotes, Algamish was able to convince Arkad to keep a part of what he earns. Arkad passed this idea to the people in old Babylon.

The idea "a part of what you earn is yours to keep" made Babylon the wealthiest city of the ancient times - the truth that had come from the mouth of Algamish to Arkad’s ear and from Arkad’s mouth to the ears of the people in Babylon.

Credits: Illustration of Babylon from Theosophie & Architektur (1680), by Erasmus Francisci - Credit: Deutsche Fotothek (wikimedia commons)

Fast Facts about the book are from Wikipedia

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Comments

author avatar Carol
27th Jan 2012 (#)

Cowboy, a very interesting summary, and I love the very authenitc images. Many thanks

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author avatar Buzz
28th Jan 2012 (#)

Well done, Kabz. I wish I were the richest man in the Philippines.:D Great share.

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author avatar Delicia Powers
28th Jan 2012 (#)

Fascinating report, nicely done cowboy...

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author avatar Ivyevelyn, R.S.A.
29th Jan 2012 (#)

Well done, cowboy.
An enjoyable page.
Thank you.

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author avatar Sheila Newton
29th Jan 2012 (#)

Great review, Mr Cowboy

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author avatar avery sandiego
30th Jan 2012 (#)

Nice article, I enjoyed reading it..

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author avatar Denise O
30th Jan 2012 (#)

A good review on George S. Clason's book "The Richest Man in Babylon". Nice read. Thank you for sharing.:)

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author avatar Ogbonna Chinecherem
25th Sep 2012 (#)

Georges. S. Clason, you've really done a great work. Well done. I wish 2 be one of the richest people in Nigeria. But ur work of arts is not for everyone cos it's more of Elizabethan English and somehow hard to comprehend. But all d same, well done.

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author avatar JAMAL HIKMA
27th Nov 2012 (#)

nice words,would like to read the full version.great leasons

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