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 to 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 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
Killer resources and apps:
- Best Budget Templates & Spreadsheets (FREE)— The best free budget templates from around the community! Including the ones I use :)
- Personal Capital* (FREE) — A great app to track your investments and net worth. You can see an in-depth review we did here from a millionaire who checks it daily 😂
- You Need a Budget (YNAB)* (FREE TRIAL, then $14.99/mo or $98.99/year) — One of the BEST budgeting methods in the space, with new users saving $600 on avg their first two months, and more than $6,000 over their first year! Check out my friend Vic’s review of YNAB here that went on to completely change his finances 💪
- Digit (FREE 6 mo. Trial, then $5/mo) — This is one of my favorite apps for automatically saving money, and I even came on board as an advisor I believed in them so much! You can see my full review on Digit here.
- Acorns* ($3-$5/mo) – Similar to Digit, this app helps you automatically INVEST money by rounding up all your transactions to the nearest dollar and then investing it right away for you. My full review of Acorns can be found here.
- Honey (FREE) — By far my favorite coupon service out there! Click the Honey button any time you're about to buy something online, and BOOM - any discounts it finds will be automatically applied at checkout. You can see my write up on them here.
- Credit Karma* (FREE) — An easy way to check and monitor your credit score AND report! See my full review of these guys here.
- My Favorite Blogs + Books < -- Click here to see all my other recommendations!