Freedom

Richest Man in Babylon: 7 Money Lessons (UK)

1

The richest man in Babylon lessons are George S Clason's seven cures for a lean purse, written in 1926 and still the cleanest summary of personal finance.

2

The cures are: save a tenth of your income, control your spending, invest the savings, protect them from loss, own your home, plan a future income, and increase your earning power.

3

In UK terms that maps to ISA and SIPP automation, lifestyle inflation discipline, low-cost global trackers, FSCS protection, mortgages, pension contributions and skills investment.

4

The mechanics have changed since Babylon. The behaviours have not - bend the curve at the income side and the rest of the system does most of the work.

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