Yash DabhadeAI Engineer

← Bookshelf

The Richest Man in Babylon

George S. Clason · Finance

Read

Takeaways

Hundred-year-old parables that still hold: pay yourself first, live below your means, and make your money work. Personal finance before it had a name.

The Seven Cures for a Lean Purse

  1. Start thy purse to fattening — save at least one tenth of what you earn.
  2. Control thy expenditures.
  3. Make thy gold multiply.
  4. Guard thy treasures from loss.
  5. Make of thy dwelling a profitable investment.
  6. Insure a future income.
  7. Increase thy ability to earn.

The Loop Arkad Describes

  1. earn
  2. keep 1/10
  3. invest with people who know
  4. returns earn returns

↺ every coin you keep is a worker for you

Boring, slow, and it works — same message as The Psychology of Money, told as a story.

Rule 7 is the one I think about most as an engineer. The best investment early on is in your own skill.