Richest Man In Babylon

"Babylon was once the richest city in the world, known for its lavish houses, palaces and huge city walls. It created fertile farmland where once there had been desert through the use of irrigation. But as George Clason notes, it was also the cradle of modern finance: money as the means of exchange, tradeable property titles, promissory notes and all forms of lending and borrowing were all highly developed. Its prosperity continued for centuries because its inhabitants were allowed to make money freely. Even slaves, if they could earn a bit on the side, could eventually buy their way to freedom.

"Babylon's success inspired Clason to write a series of fables which would demonstrate the unchanging principles of finance and wealth-building. They became very popular and were distributed by banks, insurance companies and other employers to teach the benefits of saving and hard work. "The Richest Man in Babylon" was one of these stories, and they were later collected into the inspirational classic we know today." (sited here.)

I look forward to discussing the principles taught in the "Babylonian Fables" discussed in "The Richest Man in Babylon". As you read, think about the fundamental principles being taught and what you feel would help you most. You may find that you already practice some of these principles and if that is true please come prepared to share that with us.

Until Thursday, August 7th, happy reading.