Preview

the richest man in babylon

Powerful Essays
Open Document
Open Document
1410 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
the richest man in babylon
Book Report Memorandum 4

Book Report Memorandum

INTRODUCTION

The book report is about a book named _The Richest Man In Babylon. The Richest Man In Babylon,_ written by George Samuel Clason, is a book about management of personal finance through a collection of parables set in ancient Babylon. The stories are laid out like Aesop's fables: each story has a concrete point or two that becomes apparent from reading and digesting the message. These points are basic tenets of how to get ahead financially in any time, not just in Babylonian times or in the 1920s.

In Babylon there is a man who is wealthier than all and there is another poor man deeply interested in how he has achieved such status so he begins to make daily visits to his house on the hill, bringing others along, to learn the lessons that created such wealth. The wealthy man is open to share his keys to success and the others intently listens as he tells stories and experiences in his life that get across the most fundamental techniques of personal money management, savings and investment.

What the wealthy man shares to the public is collected in different stories. The most popular stories are _Seven Cures for a Lean Purse_ and _The Five Laws of God_. These two stories provide practical points for managing personal finance by seven methods and five laws.

The lessons which the poor man had learned and applied to his life were remarkable, and this slave had managed to turn his life around by applying the principles and lessons he had learned. He had documented everything he had learned and his progress on clay tablets, which were later found in the 1930's by archaeologists and professors at a university. These professors had then learned of these principles and applied them to their own lives, to also become wealthy and financially abundant.

REVIEW

Feature of the book

This book touches on the fundamentals of personal finance and reminds us of the simplicity and discipline that have proven successful

You May Also Find These Documents Helpful

  • Powerful Essays

    The “Richest Man in Babylon” is a book made up of a series of pamphlets that were written by George S Clason in 1926. These pamphlets contain a plethora of knowledge about finances and managing your wealth. Clason uses a series of tales that are staged in ancient Babylon to communicate his valuable ideas. The way that the applications of money handling are applied to these stories makes them engaging, but also very informative and practical. So practical, in fact, that they can be applied by those of modern day and be used to an even greater reward than they could almost 100 years ago when they were written. In the following pages, the most pronounced of Clason’s glorious stories will be summarized and evaluated so that every ounce of their worth and purpose can be seen.…

    • 1711 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    Today, with online banking, debit cards, and PayPal payments, managing your personal finances may seem…

    • 325 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    In 1982, Dave Ramsey graduated from the University of Tennessee with a degree in Finance and Real Estate. Following those years Mr. Ramsey went from holding a net worth of over a million dollars, to losing his wealth to debt. He paid his “stupid tax” and began the journey of financial security. Ramsey begun to realize that the money trouble he had acquired had began with his own personal impulses and disciplinary disregard for this finances. He preaches that to win with money, you need to have self control and “live like no one else” now, so you can “live like no one else” later. (Ramsey, np) Discipline and having a plan for the future can help you with your finances today. “Put a name to every dollar,” Dave states, talking…

    • 417 Words
    • 2 Pages
    Good Essays
  • Good Essays

    When Authors Tom Stanley and William Danko set out to investigate on how people get wealthy across America, they found something odd. Many people who live in upscale neighborhoods and drive luxurious cars do not have extreme wealth. The allusion of wealth happens a lot and many people are unaware of the true meaning of wealth. Many people who have great wealth do not live in upscale neighborhoods. This book examines ways to become wealthy and how wealth is not what you spend but what you accumulate.…

    • 1039 Words
    • 5 Pages
    Good Essays
  • Better Essays

    Cited: Carnegie, Andrew. “Gospel of Wealth.” Hist 202 U.S.: A Narrative History Vol. 2 Ed. Jennifer Pickel. Boston: McGraw Hill, 2012: 13-14. Print.…

    • 921 Words
    • 4 Pages
    Better Essays
  • Good Essays

    Andrew Carnegie has a very unique perspective pertaining to the wealth in America and its distribution. Not only is he concerned about how much money is put to good use, but when; such as if the person donating the money is in life or after death. The “Gospel of Wealth” brings perspective of the nation’s money recirculation and the worth of a man by his generosity while living.…

    • 636 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Waxler, Robert. “The Rich Brother.” Changing Lives Through Literature. U of Massachusetts, 2003. Web. 15 Feb. 2012.…

    • 1044 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    assignment brief

    • 1185 Words
    • 7 Pages

    The purpose of this assignment is to: enable learners to 1) know ways to manage personal finance 2) know common financial products and services 3) be able to produce a personal budget that takes account of personal remuneration…

    • 1185 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Andrew Carnegie, born in Scotland, came to the United States in 1848. Here he started with nothing and turned himself into a self-made man. He was in fact, one of the richest men if this era. In 1889 he wrote “The Gospel of Wealth”. In this essay he discusses philanthropy and explains that with money also comes responsibility. He stated that obedience [to the Gospel of Wealth] will one day solve the problem of the rich and poor, and will bring “Peace on earth, among men good will.” I agree with this statement because the “Gospel of Wealth” claims that everyone is free to make as much money as they can, however, they should not leave it to their heirs and should use it to help mankind.…

    • 412 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Dr. Scarpa

    • 1786 Words
    • 8 Pages

    In society, money and wealth have many diverse effects regarding to personal integrity, and within writing, copious amounts of literary devices can present various ways to show many relationships between what money can do to personal ethics. Between the pages of the novel Tortilla Curtain, written by T.C Boyle, figurative language and irony convey that when a person has an abundant amount of wealth, the more likely they tend to change their personal morals and ethics to fit what the society thinks is right. In the pages of the novel The House of Mirth, written by Edith Wharton, the point-of-view and diction help show when a person is less than financially successful, the desire for more money leads them to acquire the morals of what the society as a whole thinks.…

    • 1786 Words
    • 8 Pages
    Good Essays
  • Good Essays

    “The Gospel of Wealth” was written by Andrew Carnegie in 1889. He was one of the richest men in American during the Gilded Age. Carnegie had a strong belief that wealthy people should spend their money to benefit the society while they were still alive. He said “The man who dies thus rich dies disgraced.”…

    • 337 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Gospel of Wealth: Debate

    • 433 Words
    • 2 Pages

    “People on their own could not be trusted to make the best use of given money, but give them a noble institution or needed family and they would use it to good ends.”…

    • 433 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    ()Dishonest money dwindles away, but he who gathers money little by little makes it grow.…

    • 644 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Some people live life like it is their last day alive, spending everything. Some other people save every penny they own. Which way of life produces a better life? What should people do with their money? In the fable, “The Ant and the Grasshopper” and the modern fable, “The Richer, the Poorer,” the main characters reflect two opposite views of how to live life.…

    • 452 Words
    • 2 Pages
    Good Essays
  • Good Essays

    “If you could pick between being poor and being rich, what would you pick?” Six out of eleven of the senior said they would rather be rich. In a way, it is worst to be rich than to be poor, yet the majority of them picked being rich. Is too much money a bad thing? The fear of thinking your money will be stolen is as if you’re in a jail. When you have too much money you focus more on self than others. You become greedy because you never think you have enough money. Money should never be an abundance.…

    • 440 Words
    • 2 Pages
    Good Essays