Wealth wisdom main points The Richest Man in Babylon Book summary

 


1. Start Thy Purse to Fattening


Pay yourself first — save 10% of every income.

Before spending on anything, keep a portion for you. This builds the foundation of wealth.


2. Control Thy Expenditures


Live below your means.

Don't confuse wants with needs.

Budget wisely so you can save consistently without stress.


3. Make Thy Gold Multiply


Invest what you save.

Money should work for you, produce passive income, and grow through safe and smart investments.


4. Guard Thy Treasures from Loss


Avoid risky investments.

Take advice only from people who know the business.

Preserve capital → then grow it.


5. Make of Thy Dwelling a Profitable Investment


Own your home if possible.

This reduces living expenses and builds long-term assets.


6. Ensure a Future Income


Plan for long-term security — retirement, family, emergencies.

Use insurance, long-term savings, or reliable income streams.


7. Increase Thy Ability to Earn


Develop your skills.

The more valuable you are, the more money you can earn.

Continuous learning = increased opportunities.


Bonus Lessons: Practical Babylonian Wisdom


Luck favors the prepared.


People who take consistent action and seize opportunities appear “lucky.”


Avoid debts.


Debt is a chain that limits freedom. Only borrow for productive reasons.


Seek wisdom from experts.


Talking to knowledgeable people saves you from costly mistakes.


Work hard + stay disciplined.


Wealth grows through habits, not shortcuts.


The Core Message


> Save first, spend wisely, invest smart, protect your money, grow your skills, and plan for the future.

This creates lasting wealth — whether in ancient Babylon or modern life.


Save first, spend wisely, invest smart, protect your money, grow your skills, and plan for the future.

This creates lasting wealth — whether in ancient Babylon or modern life.


1. Pay yourself first — save 10% of every income

2. Live below your means

3. Invest what you save

4. Avoid risky investments

5. Own your home if possible

6. Plan for long-term security — retirement, family, emergencies

7. Develop your skills

8. Luck favors the prepared

9. Seek wisdom from experts

10. Avoid debts

11. Work hard + stay disciplined

Comments

Popular posts from this blog

100 Personal Principles of money and personal growth

40 rules of life for clear vision of life journey part 2