The Richest Man in Babylon

One of the first ‘finance’ related books I read was “The Richest Man in Babylon” when I was an engineer and enjoying a relatively good (stable) salary and traveling quite often so expense were paid for by my company. I revisited this book and luckily, Wikipedia has a great summary of it here:

http://en.wikipedia.org/wiki/The_Richest_Man_in_Babylon_%28book%29

Sometimes I feel writing things down helps solidify ideas, here is my version of the summary in as short a format as possible

1) Save a portion of every paycheck no matter what

2) Create and stick to a budget

3) Invest in what you know or people that have expertise in that area

4) Don’t lose your savings

5) Buy a home

6) Get insurance

Advertisements

~ by largecaptrader on July 10, 2010.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: