Book Report, The Richest Man in Babylon, Babylon Cit
The Richest Man in Babylon by George Clanso acts as a financial guide using different sets of parables, which relate to the ancient Babylon. This is through their encounters in managing households and businesses, thus offering basic lessons concerning financial wisdom. The book therefore equips one with the required traits to realize dreams and ambitions, as it has an insight that aids one to acquire money. It also has knowledge, which aids in understanding different concepts revolving around financial management and how to treat surpluses.
The author gives such advice following the fact that Babylon City was the richest city in the ancient world because of its inhabitants were the richest people of that time. These residents exercised sound financial principles in acquiring money, making money from their wealth, and keeping the surplus for future use. This means that concept in the book is financial management (Clason, 1955).
[...] This is a poor money management as one will avoid instances where you will be paying rent throughout your life. Rent is one of the key expenditure in people's life. By so doing, one will be making a profitable measure as far as the dwelling place is concerned Create a realistic insurance program. This will take care of risks around human life. It will 3 bar you from failing in all your areas in case something unexpected happens such as death or loss of employment. Insurance program also acts as a guard to one's treasures. [...]
[...] This means that for a nation to be successful, it have to uphold justice despite the hard work. This is because injustice will kill the morale as one will not wholly benefit from his or her own efforts. This is a challenge to today's world as justice is lacking in most of the sectors in our communities. Babylon being an arid land does not affect the activities that were taking place in Babylon at the time of its prosperity. This means that we should not look the geographical disadvantages as a block to our national success. [...]
[...] Conclusion From the above illustration, we can confidently conclude that the general idea in the book is making wise use of finances. This is following the fact that the book is giving advice on how we can improve our income, as well as making wise use it, having in mind that it is our role to make tomorrow a success. The book is quite helpful to both researchers as well scholars and professionals because they all dream of a successful future. Bibliography Clason, G. S. G. S. (1955). The richest man in Babylon. New York, NY: Hawthorn/Dutton. Fitzgerald, F. S. [...]
[...] This means that concept in the book is financial management (Clason, 1955). Basic principles in effective money management 1. Saving at least 10% of the overall earning for future use- the book argues that this will prevent one from straining in the future. The amount will also work as a security if one loses his or her employment. It also encourages investment, as one may end up creating a pool where he or she will create pretty amount, which suits investment. [...]
[...] (1960). Babylon revisited, and other stories. New York: Scribner. Clason, George S The richest man in Babylon. New York: Hawthorn. Clason, George and Richard Ferrone. The Richest Man in Babylon. Prince Frederick, Md: Recorded Books Internet resource. The Richest Man in Babylon. Washington, DC: Eigth Street Lounge Music Sound recording. [...]
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