Aakash Talks Finance

Books on Money | The Richest Man in Babylon: Ep.12


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I try to read the ninth and penultimate chapter of the “Richest Man in Babylon” by George S Clason. This chapter involves two letters written in 1934 and 1936 and five clay tablets written 5,000 years earlier. But it recites a lesson that is timeless.

A British archaeologist named Mr. Shrewsbury finds Dabasir’s clay tablets. The tablets detail the plan the camel trader used to pay off his debts. He learnt this plan from Mathon, the gold lender. The plan was simple. Seven-tenths of earnings would be used to pay living expenses. Two-tenths to pay off debts. Finally, one-tenth is Dabasir’s to keep.

In the five tablets he writes about his journey from slave with no family and a mountain of debt to an honourable man on a path to becoming ‘rich among men.’ This intrigues Mr. Shrewsbury so much that he decides to follow it. He goes to his creditors, tells them the plan he’s using to pay them off and does so. He details his learnings in the second letter.

What’s interesting is the simple lessons he learned from tablets written centuries earlier - live within your means, always save, and always pay off debts. Mr. Shrewsbury address Dabasir’s works,

“He had a real message for fellow sufferers, a message so important that after five thousand years it has risen out of the ruins of Babylon, just as true and just as vital as the day it was buried.”

Thank you for listening in.

If I can improve in any way, please let me know. Also drop your recommendations in the comments!

Hope this helps.

Link to the book [English]: https://amzn.to/3A61vmr

Link to the book [Telugu]: https://amzn.to/3h8zEtp

Link to the book [Tamil]: https://amzn.to/3hbFBpq

Link to the book [Hindi]: https://amzn.to/3hdw40O

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Regards, Aakash

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Aakash Talks FinanceBy aakash