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Books The Richest Man in Babylon (Hardcover Book) by George S. Clason (Author), General Press (Author)

Name: The Richest Man in Babylon (Hardcover Book) by George S. Clason (Author), General Press (Author)
Brand: Books
Price: 799.00 KES
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The Richest Man in Babylon by George S. Clason is a classic personal finance book that conveys timeless financial wisdm through a collection of parables set in ancient Babylon. The central character, Arkad, a poor scribe turned wealthy man, shares practical advice on how to build and maintain wealth through simple, fundamental principles.

Key lessons in the book include:

"Pay yourself first": Save at least 10% of your earnings before any other expenses.

Live within your means: Control spending to ensure you do not consume all your income.

Make your money work for you: Invest wisely to generate steady income.

Protect your wealth against loss through caution and informed decisions.

Seek counsel from those experienced with money.

Continuous learning and perseverance are vital to financial success.

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The book famously presents "The Seven Cures for a Lean Purse" and "The Five Laws of Gold," which serve as guidelines for managing finances effectively. Stories about characters like the camel trader Dabasir illustrate the importance of discipline, responsibility, and determination in overcoming debt and hardship.