Originally written as a series of pamphlets, the parables were eventually collected into a book.
The book provides many timeless lessons about spending, saving, and investing to build wealth.
Here is a summary of the main lessons from The Richest Man in Babylon:
1. Pay Yourself First
2. Live Within Your Means
3. Put Your Money to Work
4. Keep Your Money Safe
5. Be a Homeowner
6. Insure Your Future Income
6. Improve Your Skills to Earn More Income
If you don’t follow it, you will never escape the paycheck to paycheck cycle.
Lesson 1 Pay Yourself First
By adjusting your mindset, you will be satisfying your desires and still living within your means.
Lesson 2 Live Within Your Means
Through the power of compound interest, your assets will provide a steady stream of income.
Lesson 3 Put Your Money to Work
Building true wealth is usually a slow, steady process.
Lesson 4 Keep Your Money Safe