The Richest Man in Babylon

I went and sat in the library outside of raising my kids or being with my children.

I was in the library, and I studied things like the richest man in Babylon.

The Wisdom of King Solomon in the Bible, Cashflow Quadrant, that was one of my favorite books.

And I started to understand how am I getting it on the right bottom side of the quadrant? And so I made it my commitment and mission to learn how to build systems instead of chasing hype or, you know, I'm in cryptocurrency, but there's a lot of hype in that.

And the 10-year treasury is at around 4.75%.

So I totally understand exactly where you're coming from.

And I'd like to double click on a couple of different things, but also wanted to Obviously, give a shout out to a couple of books that you kind of recommended, one being The Richest Man in Babylon.

Fantastic read for those that have not had a chance to consume the content in that book.

And

then, um, I give out the richest man in Babylon because it teaches, um, wealth management.

And I, and I think that if I'm really going to help the next generation, they should know how to handle money.

Um, we were never taught how to handle money.

We have known the fundamentals of personal finance for literally thousands of years.

Great book called The Richest Man in Babylon taught us to pay ourselves first.

10 cents of every dollar is yours to keep.

Parable of the Talents from the Bible taught us that resources are supposed to be put to productive use.

Earlier on, it was Think and Grow Rich, Napoleon Hill.

But The Richest Man in Babylon was a book that was recommended earlier in sobriety.

And it worked well because it gives you some foundation and keep that 10% saved away.

And you can live on 90%, things like that.

That's really where your savings, your runway, your investments, like that's money.

Like my grandfather was really into this book called The Richest Man in Babylon.

It's like very OG.

Yeah.

So I started with First Bank Money Marketing Mutual Fund.

Then later on, I started reading The Richest Man in Babylon.

And I think that was the book that changed everything for me.

It was like the game changer.

One, I've dabbled into Mushfa Funds before in the past, a lot of them.

And then two, the books you've read, these books seem to be The books that most people that we've had on this podcast, if either read them or they will recommend them to anybody that is interested in learning about finance, which is very interesting.

Rustad Bordad, The Richest Man in Babylon.

These are two great books.