Abundance
The Richest Man in Babylon: 6 key ideas
The core ideas of The Richest Man in Babylon, each in under a minute, written in our own words. Want the full depth? Get the book.
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- IDEA 1 OF 6
Pay yourself first
Keep at least a tenth of everything you earn before spending anything.
It's the foundation of wealth.
- IDEA 2 OF 6
Control your expenses
Expenses grow to match income unless you deliberately control them.
Budget for needs, not every desire.
- IDEA 3 OF 6
Make money work
Invest what you save so it earns more.
Each coin becomes a worker that earns for you.
- IDEA 4 OF 6
Guard against loss
Protect your capital from risky schemes.
Seek advice from those experienced in handling money.
- IDEA 5 OF 6
Own your home
Making your dwelling a profitable investment adds security.
- IDEA 6 OF 6
Increase your ability to earn
Keep improving your skills so you can earn more over time.
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