The Richest Man In Babylon- Money Management Advice

Written in parable, the book is very readable. The story format lays out the valuable life lessons naturally and makes the examples both extremely easy to follow and accessible to anyone who reads it. The pace of the book is quick and light. It is an easy read filled with valuable wisdom.

Clason has clearly defined and sectioned off concepts for each of his stories. The ideas themselves are well developed and given depth using storytelling. Each character, through their own trial and error, gives life lessons to the reader. The author uses these stories to prove his point that the laws work, and- fiction or not- they are convincing and replicable to anyone that reads the book. The author laces the tone and narrative style with educational and instructional advice and ultimately leads readers to inspiration.

The characters in each story have conflict originating from poor money management. They are all living poorly, paycheck to paycheck, and in debt. They are spending everything they earn with nothing left over for themselves.

Within The Richest Man In Babylon Clason lays out the "Seven Cures For a Lean Purse" and the "Five Laws Of Gold." Both are set up to give you guidance and understanding of how to acquire and accumulate money. Using these laws to guide you, you will not only get out of debt but will have a savings that you can begin to have work for you.

Initially the characters are flawed but, after wise advice, are able to change their behaviors and become financially stable and successful. The full detail of stories- the extreme highs and lows of the characters and their drive for self-improvement- makes each tale and every character believable and allows the advice to transcend from ancient Babylon 6,000 years ago to today and still be inspirational and effective. The advice and wisdom are universal and unchanging.

The book lays out a way for you to both pay off debt and develop a savings at the same time. It also advises you to have the money you save work to make more money for you. However, what is missing is how exactly your money can work for you. The only example Clason provides is to become a lender, and only touches on a few rules of how to do this. So this book will get your feet firmly planted in a foundation of saving, showing you how to live off of less than you earn, but won't specifically address ways to make your saved earnings increase.

I've been following the rules since December of 2008 and they are wonderful. Every day I wish that I knew about them when I was a teenager. I realize this book is a must-read for everyone making money in the workforce. The sooner that you learn the wisdom within this book, the sooner your financial situation will improve.