Yup, The Richest Man in Babylon now steals the trophy away from The Millionaire Next Door! haha…although I’d highly recommend both books as they really give you a wonderful perspective on life :)
What I liked most about The Richest Man in Babylon though, is that the whole thing is based on fables! Every chapter is a whole new short story that tells another aspect of managing money. It’s freakin’ great. Sometimes the chapters are connected, and others not, but it’s seriously the best financial book for those with A.D.D.
And it fits wonderfully in your back pocket! haha….so if you take the metro/train every day like me, it’s super easy to store and read on the go!
The entire book can be read in a few hours (it’s only 140 pages long) and it discusses everything from saving 10% of your paychecks, to investing it wisely and knocking off all debt. The craziest thing of all is that it takes place thousands and thousands of years ago, yet the advice is STILL relevant in today’s times! It really is a good read for anyone of us out there needing some more motivation – and even more so if if you’re *just* getting into personal finance. It’s a PERFECT book for recent grads and/or untrained adults :)
Here’s a pretty cool quote that highlights its simple, yet effective, writing style:
“Wealth, like a tree, grows from a tiny seed. The first copper you save is the seed from which your tree of wealth shall grow. The sooner you plant that seed the sooner shall the tree grow. And the more faithfully you nourish and water that tree with consistent savings, the sooner may you bask in contentment beneath its shade.”
While I’d love to go on and on and break down all the chapters here for ya, I really don’t wanna give it all away. Just know that it covers a handful of financial advice and portrays it in a most beautiful way. This def. helps it “stick” in your brain too! As well as speaketh like this to all ye friends and loved ones ;) Thy lover shall question your words unless thou hasth readeth thyselves! Long live storytelling.
Other Book Reviews:
– The Millionaire Next Door
– The Automatic Millionaire
Bonus tip: Find a good "balance transfer" offer to help pay off debt faster!
If you’ve been making payment after payment (on time) and still haven't been able to get your debt under control, snatching up a good balance transfer credit card offer may be the ticket to try. That’s where in order to gain your business - credit card companies will let you transfer your existing debt to a new card and let you pay ZERO PERCENT interest on it. Saving you tons every month!
What's the catch? Usually balance transfer cards charge a fee (around 3% of your debt balance) to let you transfer your balance to their 0% interest offer. But we've found a great credit card that will let you do a balance transfer absolutely free. Click here to learn more and see if you qualify!
PS: If you don't trust yourself with another credit card, ignore this! This strategy is to help you get out of debt quicker, not risk adding more to it.