Episode 118 Timeless Wealth Wisdom: Lessons from The Richest Man in Babylon

Today, we’re diving into a classic money book that has stood the test of time: *The Richest Man in Babylon* by George S. Clason. Written nearly 100 years ago, this book started as a series of pamphlets shared by financial institutions to help people understand wealth-building in an approachable way. Through timeless parables, this book shares practical financial advice wrapped in storytelling, making it an enjoyable and impactful read for generations.

In this episode, we explored the key lessons, known as the “Seven Cures for a Lean Purse.” These principles are simple yet profound, starting with “paying yourself first” by saving 10% of your earnings and moving through lessons about controlling spending, making wise investments, and securing a future income. Each cure offers valuable guidance on how to manage, grow, and protect your wealth. One of the biggest takeaways is the importance of patience and consistency—wealth doesn’t grow overnight, but through steady and intentional effort.

As we reflect on *The Richest Man in Babylon*, it’s clear that while some aspects of the book may feel dated, the financial wisdom it offers remains relevant. We live in a time with far more opportunities and resources for wealth creation, yet the foundational principles of saving, budgeting, and investing are still key. May this episode not only give you a glimpse into the book’s teachings but also inspire you to implement these principles in your own journey!

Contact: michel@moneylighthouse.com