Wednesday, December 2, 2015

Book Report #2

The Richest Man in Babylon: With Study Guide

This is a really important book for those that want to become rich. It is written in the format of as tory about the so called richest man in Babylon. He is asked by his hard working friends to reveal the secrets of how he got rich. The richest man in babylon then relates how he became rich in lesson format. The lessons are all common sense and are simple and easy for anyone to follow. A few examples are to pay yourself first. This simply means to save a minimum of 10% of your earnings.

I think this would be a great book for someone that wants to introduce themselves the basics of personal finance. It would also be good for kids as an introduction to basic common sense fiance as it is short and easy to understand.

I like this particular version as it has a study guide which consists of questions and thought exercises at the end of each chapter which challenge the reader on how he can apply the lessons from the chapter to their personal financial situation. Simple yet effective. The author writes in such a way that a somewhat dry subject becomes interesting.

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