The Richest Man in Babylon Book Notes

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The Richest Man in Babylon Book Notes

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Babylon, one of the four ancient civilizations, was a wealthy nation with countless gold and jewels but with limited natural resources. Its brilliance was entirely the result of human wisdom. The Richest Man in Babylon introduces ancient wisdom from 5,000 years ago and reveals how Babylon got rich. You will become enlightened about wealth and understand its most fundamental laws. These oldest and most effective laws of wealth can guide you from being penniless to success and happiness.

Overview | Chapter 1

Hi, welcome to Bookey. The book we are unlocking today is The Richest Man in Babylon.In the annals of history, Babylon was no doubt a shining star. It had gold and jewels in abundance, and rich people could be found everywhere. You may think the wealth was due to its natural advantages, just as the wealth of the United Arab Emirates is related to its oil abundance today. On the contrary, Babylon was situated in a barren, arid valley near the Euphrates. The natural environment was extremely harsh. There was nothing of value, and it was not along any of the main trade route. Many wealthy Babylonians were not born rich, and Babylon's success was not a gift from heaven. The success was the result of the hard work based on the wisdom of the Babylonians through generations.As Babylonians, their priority was to learn how to become wealthy. The king of Babylon once ordered the establishment of a lecture hall that could hold 100 people, so that the richest man in Babylon, Arkad, could teach people the secrets of getting rich. Arkad shared all the lessons learned over the years and asked those in the lecture hall to pass those lessons on to others.Good things never go out of style, and these self-made ways of making money still work in today’s world. In 1934, a couple of archaeology professors at the University of Nottingham translated the cuneiform script on five unearthed Babylonian clay tablets. By doing so, they learned the astonishing secret of how an ancient Babylonian slave paid off his debts. They tried out the method written on these tablets, and they not only paid off old debts, but also accumulated a considerable amount of savings. This ancient wisdom we just mentioned came from The Richest Man in Babylon. The book uses fables to narrate the path to success from some of Babylon’s super-rich.The author of this book, George S. Clason, was a famous American businessman and writer in the 20th century. He once published the first road atlas of the United States and Canada, and had quite deep experience in the publishing industry. He was also a master of wealth management, known as the pioneer of modern wealth management education. Starting in 1926, Clason published a series of wealth management pamphlets, using ancient Babylonian fables to illustrate his views. The pamphlets caused a stir in the banking industry and the insurance industry. They soon became familiar to millions of people, and were later published together in the book, The Richest Man in Babylon. The book has been translated into many languages and still sells well today.