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Publisher's Summary

This inspiring book, began in 1926 as a series of informational pamphlets distributed by banks and insurance companies. By 1927, several of these pamphlets had been compiled into a book and this collection has been in print ever since. It has helped millions of people, and has been hailed as the greatest of all inspirational works on the subject of thrift, financial planning, and personal wealth.

A modern day classic, The Richest Man in Babylon dispenses financial advice through a collection of parables set in ancient Babylon. These famous "Babylonian parables" offer an understanding of - and solution to - a lifetime's worth of personal financial problems, and holds the secrets to acquiring money, keeping money, and earning more money.

©2013 Gildan Media LLC (P)2013 Gildan Media LLC

What members say

Average Customer Ratings

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  • will
  • Kyle , TX, United States
  • 08-31-14

Better Financial Control, Better Quality of Life

This book was recommended by Jim Rohn in a speech I listened to and I have so much admiration for him I instantly hopped on audible and picked this up. The parable format was perfect for an audiobook and I've already listened through a few times.

I can't say anything in this book is outside the realm of common knowledge, but a lot of times I don't need to learn something new, I just need to be reminded of those core fundamentals, and if I'm not doing them- start!

The 7 Cures for a Lean Purse discussed in the book:

Start thy purse to fattening
Control thy expenditures
Make thy gold multiply
Guard thy treasure from loss
Make of thy dwelling a profitable investment
Insure a future income
Increase thy ability to earn

The one that has been the biggest game changer for me has been "Start thy purse to fattening-" saving 10% of my income. I've always heard "pay yourself first," but I always felt like if I did that I wouldn't have the money to pay my bills. If I had money left over after paying all of my bills I'd save that.

Guess what? There's always something else to spend on so I wasn't saving much.

This book inspired me to just try it, and the results have been huge for me. Not huge in terms of my bank account, but more with my attitude towards money. Shortly after starting the process of setting aside 10%, I started to feel in control of the money instead of the money being in control of me.

I think the mental shift has to do with when you spend everything, there's never enough. As soon as you start setting aside that 10% your mentality shifts from there never being enough to, "Of course there is enough. I don't even have to spend everything I earn and I'm doing just fine." I don't know if that makes sense. I think it shifts your subconscious from the scarcity mindset to a prosperity mindset.

Fringe benefits with 10% of my income being mine to keep, is that potential negative life events (worries) don't hold the same power over me because I have a little cash reserve that's growing every paycheck. If I get a cavity, blow out my knee, lose my job, have car problems, they'll still all be unfortunate and stressful, but they won't send me into crisis mode.

Typing this I'm thinking about a quote from Mark Twain, “I've had a lot of worries in my life, most of which never happened.” The mental benefits of saving calm a lot of my worries and let me focus on more productive thoughts. If they never happen I'll be glad I didn't waste my time worrying and if they do, I'll be in a position financially to deal with them.

This has been my long winded way of saying, buy the book. You won't regret it. If you already know it all, it will be good to go through the checklist and make sure you're actually doing it. If you're new to the study of personal finance, this book hits on the fundamentals and would be a great place to start.

78 of 80 people found this review helpful

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Life Changing...

Would you consider the audio edition of The Richest Man in Babylon to be better than the print version?

The wisdom within the pages of this book are life changing for those who choose to understand and execute it's principles. I fell in love with the spoken word again listening to the richness and texture of every word and sentence.

What other book might you compare The Richest Man in Babylon to and why?

None that I can think of..

What about Grover Gardner’s performance did you like?

His flow and voice matches the book well.

15 of 15 people found this review helpful

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"My Favorite Finance Book of All Time!"

Would you recommend this audiobook to a friend? If so, why?

Yes. This book helped change my financial life. It's hard to imagine that a fictional work of stories and parables could be so inspirational and enlightening. I can't wait to read it again!

Which character – as performed by Grover Gardner – was your favorite?

Arkad was my favorite character. His lectures to men, teaching them the "seven cures for a lean purse" was so simple and true, that it escaped the men of his time, just as it escapes people today.

What insight do you think you’ll apply from The Richest Man in Babylon?

"Control thy Expenditures"
I immediately began cutting my expenditures to equal 90% of my net income. Then allocated the remaining 10% to my investments. It was painstaking work, and took several months, but it was worth it. I can now see why the majority of people never achieve financial independence. It's because they continue to adjust their expenditures upward when their income rises, and cannot delay gratification until a future date.

Any additional comments?

Take lottery winners for example, 70% of lottery winners go broke. More than 50% of professional athletes go broke, and Hollywood actors and actresses who earn more than 10 million dollars per movie go bankrupt. As the wise Arkad said - "That what each of us calls our necessary expenses will always grow to equal our incomes unless we protest to the contrary". Arkad then goes on to say - "Don't confuse necessary expenses with your desires, that all men (and women) are burdened with more desires than they can gratify".
I've come to realize that becoming wealthy, or financially independent, is not natural. It takes incredible discipline and self-control. It's not about how much money you make, but about how much money you keep.

16 of 18 people found this review helpful

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Good but hard to follow at times

Good book but required to rewind often to maintain story line straight but worth buying

4 of 4 people found this review helpful

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Enjoyed the good ideas, adjusted to the language

Any additional comments?

It took a bit to accustom myself to the language, but I did adjust, then enjoyed it very much. Enjoyed the basic messages of the book - great advice!

7 of 8 people found this review helpful

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Nice story and worth a listen

What made the experience of listening to The Richest Man in Babylon the most enjoyable?

It was entertaining and not too long.

What was one of the most memorable moments of The Richest Man in Babylon?

The way it unfolded and reinforced the concepts.

Was this a book you wanted to listen to all in one sitting?

Yes

Any additional comments?

Will be going back to this one just for the story. It's written well.

7 of 8 people found this review helpful

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Before Dave Ramsey was even alive, there was this book

Before Dave Ramsey was even alive, there was this book. The principles in this book are so simple to implement, yet many people won't implement them. Follow the advice within and you can become wealthy yourself.

2 of 2 people found this review helpful

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ancient lessions in wealth

great stories of slaves overcoming adversity and obtaining goals. I learned alot from this book.

2 of 2 people found this review helpful

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Changed my money mindset. Pearls of wisdom

The knowledge I learnt in this book now guides my every personal finance decision. This book is rock solid and continues to stand the test of time.

The narrator is top notch. His voice brought ancient Babylon to life.

2 of 2 people found this review helpful

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timeless

old, but very accurate no matter what century. just listen to it. is this 20 sentences yet????

2 of 2 people found this review helpful

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  • Beauty Basket
  • 04-05-15

Much needed...

Inspiration and a good kick up the ass! Nothing to lose trying this and everything to gain by doing so!

5 of 5 people found this review helpful

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  • Gerard
  • 07-21-16

A poor story outlying 5 points over and over again

Basically the advice is to save 1 10th of your earnings then invest in into something that will earn your more money. Then save that money.

3 of 3 people found this review helpful

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  • Chama
  • 09-28-16

Would definitely recommend

It was easy to read and the parables made the teachings more memorable. I'll be reading this again.

2 of 2 people found this review helpful

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  • SUNDAY OLATUNJI
  • 07-26-17

Very inspiring.

Because you are born poor does not mean you can not break through in life.

1 of 1 people found this review helpful

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  • Frederick
  • 06-28-17

this is the best I've listened to till date.

heard about this in such dad poor Dad. This was a fantastic listen with old guides, rules and stories that are evergreen. This book in itself is sufficient towards empowering you towards financial independence

1 of 1 people found this review helpful

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  • Joe
  • 06-26-17

fantastic read!! great hidden messages.

This book really does make you think and you definitely realise the bad habits we make every day. The way it describes the keys to success are very powerful.

1 of 1 people found this review helpful

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  • Tendi
  • 02-01-17

Excellently performed, useful gem of wisdom

This must be quite a difficult book to read, but it is so well performed. The content need no further praise - this is a classic piece that should be read or listened to by everyone.

1 of 1 people found this review helpful

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  • Kenny Marshall
  • 11-07-16

Great for the basics

Great book for covering off the basics in a fable style. I would highly recommend for beginners in self development.

1 of 1 people found this review helpful

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  • Phillip
  • 03-09-16

Read it.

Work for Money or Make Money work for you. Idiots make the simple complicated, genius makes the most complex simplistic.

2 of 3 people found this review helpful

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  • Wakey
  • 10-15-14

Really glad this is now available in audiobook

Priceless advice and a great story. I must buy for anybody who is looking to improve their finances or just get a better grasp on them

4 of 7 people found this review helpful

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  • Michael
  • 09-09-15

Learn to value money. Not just consumables

It's a great book in order to get a great understanding and appreciation of money. It's told using interesting stories set at Babylon.

1 of 1 people found this review helpful

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  • Jess
  • 09-07-15

a turning point for me

from the first chapter I was hooked and I knew it was going to change my life. And it has. a must read for everyone.

1 of 1 people found this review helpful

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  • Nick
  • 04-19-18

My favorite book

I really enjoy this book have read and listened to it many times. Everyone should give it a read.

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  • Anonymous User
  • 04-09-18

Great book

Loved this book. Great stories and great lessons with it. It should form part of the fundamentals in anyone's quest to financial literacy and freedom

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  • Alicia
  • 03-12-18

Amazing!! Such sound and applicable stories!

Can't wait to share these pearls of wisdom with the kids when they are old enough to understand the meaning behind such valuable advice.

  • Overall
    5 out of 5 stars
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  • Anonymous User
  • 03-11-18

Fun, interesting, and great financial advice

Fun stories to help teach you about personal financial decisions, habbits and success. You will enjoy this is if you become uninterested in traditional advice books that feel more like lectures than in depth relatable stories. I enjoyed this and it made me interested in reading more at every chapter.

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  • Anonymous User
  • 02-03-18

Very valuable principles. Highly recommend this.

I loved this. I highly recommend it. Valuable principles that I plan on implementing. Excellent.

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  • kane
  • 01-24-18

Ancient wisdom. Modern application

Learn the principles set out within this book, and apply them, and gold will flow always to your purse.

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  • Anonymous User
  • 12-05-17

good storry

i enjoyed this book its spoken in old english and is written in a way that makes you imagine the details as they speak

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  • carolina
  • 12-05-17

Great advise for money management. In old English

Although it was in old English it's advise was very good to manage any financial situation