Richest Man in Babylon Book Review [Free Book]

Поделиться
HTML-код
  • Опубликовано: 28 окт 2017
  • The richest man in Babylon came from information retrieved from ruins carved into clay tablets. It talks about an economy some 5000 years ago within a large wealthy city that has many rich and poor people much like in today's society. The story talks of how one person with nothing came to be the richest man in Babylon and the various methods he used to get there.
    Book in pdf: bit.ly/2hjPOlz
    Book in Kindle and other formats: bit.ly/2gSZEO7
    ► More resources at my Patreon: / beatthebush
    ► My honest reviews on Amazon: www.amazon.com/shop/BeatTheBush
    ► Mint Mobile, as low as $15/month: mintmobile.com/bush
    ► Moomoo, up to 17 FREE stocks: j.moomoo.com/008UFx
    ► Webull, up to 12 FREE fractional shares: bit.ly/2XwlcQ4
    ► Get $30 when you spend $30: www.rakuten.com/r/FRANCI7350?...
    ► FREE Audible Audio Book: bit.ly/2Z4RrN7
    ► Build Credit w/ NO Credit by Self-Lending: self-lender.3qcw.net/YYZBP
    ► BeatTheBush Honey Badger T-shirt: bit.ly/2FBAeLA
    Other BeatTheBush Channels:
    / beatthebushdiy
    / beatthebushfoods
  • ХоббиХобби

Комментарии • 277

  • @erics9487
    @erics9487 6 лет назад +129

    Nice that you listen to your subscribers enough to have read the book. I appreciate that in you!

    • @BeatTheBush
      @BeatTheBush  6 лет назад +5

      =D Thanks!

    • @NANGSGARAGE
      @NANGSGARAGE 6 лет назад

      Good call

    • @geraldevans378
      @geraldevans378 6 лет назад

      Thanks for the Video clip! Apologies for chiming in, I would love your initial thoughts. Have you heard the talk about - Saankramer Earn Infinity System (Have a quick look on google cant remember the place now)? It is an awesome one off guide for unlocking the combination to success without the headache. Ive heard some extraordinary things about it and my work buddy got excellent results with it.

    • @ryanhern6357
      @ryanhern6357 6 лет назад

      Excellent Video clip! Sorry for chiming in, I am interested in your opinion. Have you researched - Saankramer Earn Infinity System (just google it)? It is a great one of a kind product for unlocking the combination to success minus the headache. Ive heard some great things about it and my work buddy at very last got cool results with it.

    • @tunisjobs9677
      @tunisjobs9677 6 лет назад +1

      Kudos for the Video clip! Apologies for chiming in, I am interested in your opinion. Have you heard about - Saankramer Earn Infinity System (Have a quick look on google cant remember the place now)? It is an awesome exclusive guide for unlocking the combination to success minus the hard work. Ive heard some amazing things about it and my buddy at last got amazing results with it.

  • @avburns
    @avburns 6 лет назад +23

    "Richest Man In Babylon" is a classic not only because it is one of the earliest personal finance books but it had the novel idea to teach financial principles via a story ("The Wealthy Barber" is another good book that takes a similar approach).
    For someone like BTB who has an almost Mr. Mustache-level of frugality and teaches personal finance "Richest Man In Babylon" won't really do much but for someone new to personal finance it is a good primer.

    • @BeatTheBush
      @BeatTheBush  6 лет назад +2

      The content is 5000 years old as the source is the clay bars.

  • @Erick-bg3cw
    @Erick-bg3cw 6 лет назад +8

    Very interesting book. My approach is to live on 50% of my income. I remember I used to be a big spender. Got my first promotion at my current job at the age of 21 and I just blew the excess cash in unnecessary things.(regret it big time.) One year later got another promotion and increase in salary and my approach to money has changed completely. Putting 20% into my 401k(with a 4% match), 20% into my Roth IRA, 5% into savings/emergency fund & the last 5% into a taxable account where I hold ETFs.
    People like you have really inspired me to change the way I see money. Also, the fact that I'm studying accounting and finance made me look at money differently. Learning everyday and sharing with family and friends every little thing I know. Keep up the good work, sir!

    • @BeatTheBush
      @BeatTheBush  6 лет назад +3

      Live on 50%? You are like what I did. Nice! Putting money to work for you even if its a little at first will be very important in the long run.

    • @Erick-bg3cw
      @Erick-bg3cw 6 лет назад +2

      yes sir! It was a little hard to adjust but Its doable. I just kept saving the money I got from raises and promotion and pretended I never got them in the first place. Then cut down on expenses and made a budget. Was surprised to see where my money was going when I wasn't tracking it.

  • @RalphHenryxx
    @RalphHenryxx 4 года назад +2

    You and Graham Stephan have been huge inspirations to my financial journey. After listening to the book on youtube, I was glad to see your review in the recommendation 🙏🏾

  • @terrycrews1760
    @terrycrews1760 6 лет назад +1

    Subscribed. As soon as I clicked on this video for the first time and saw all the other financial tip related videos posted by you I knew there was much I could learn. I read Rich Dad Poor Dad recently and ever since my Mindset has completely done a 180 turn. Look to learn much from you

    • @BeatTheBush
      @BeatTheBush  6 лет назад

      That's a great one to read but be careful of his conflict of interest when pedaling MLMs.

  • @UnboxingAddictions
    @UnboxingAddictions 6 лет назад +11

    You should def do more book reviews! Or top favs list.

    • @BeatTheBush
      @BeatTheBush  6 лет назад +3

      Will do. But then you know, books takes so long to read, lol.

  • @Mindsetolympics
    @Mindsetolympics 5 лет назад +1

    Beat the bush, do you collect books or do you give them away afterward,?

  • @johnencarnacion7112
    @johnencarnacion7112 5 лет назад +4

    Nice! I personally heard it off youtube,it's a great time to be alive.

  • @MichaelDavis-uu9zh
    @MichaelDavis-uu9zh 6 лет назад

    I love how thorough you are in each video, and you speak from your experience which trumps theory any day.

  • @sharlyn8707
    @sharlyn8707 6 лет назад

    Thanks for the review, please do more!

  • @lovingatlanta
    @lovingatlanta 6 лет назад +1

    👍Good info & tips. Thanks for the book link. 😁

  • @CarlyneDTQTonPod
    @CarlyneDTQTonPod 6 лет назад

    Hello Beat the Bush! Been off my game for a while since I missed a few of your uploads.
    I think my older sister has mentioned this book. I know she began following this method about 3 years ago. I'm interested so I've downloaded the PDF version onto my Google Drive. Thanks for sharing it with us. 👍

    • @BeatTheBush
      @BeatTheBush  6 лет назад +1

      I do upload too much maybe lol. Do not fear! Start anew and just watch the latest? Don't forget to read it! You know how to start? Read the first page today! And that's it, only required to read the first page.

  • @Scott_Jupiter
    @Scott_Jupiter 6 лет назад

    Great Review. Awesome that you read comments and see that you can continue to learn and progress. Love that book btw.

    • @BeatTheBush
      @BeatTheBush  6 лет назад +1

      I read them all as time allows. Sometimes it gets too much though.

  • @Josephgreentv
    @Josephgreentv Год назад

    Love this book! I listened to it! What is your fav non-fiction book?

  • @kizziecorleone795
    @kizziecorleone795 6 лет назад

    Thank you for all that you do, BTB!

  • @ZaydenJayy
    @ZaydenJayy 5 лет назад +1

    I like this guy, nice little back ground, to the point and informative lol

  • @WilmerLebron
    @WilmerLebron 6 лет назад

    Great video bro! Thanks for your advice! 🎸🎶🤘🏻

  • @leelin5549
    @leelin5549 4 года назад

    Thank u for the link that u gave ...

  • @christianebrado6567
    @christianebrado6567 5 лет назад

    Thanks for the pdf link... 😁

  • @jamesthacoolcat9926
    @jamesthacoolcat9926 6 лет назад +3

    Nice video. I want to read this one, it sounds good. Next library trip. This and a suzie orman book.

    • @BeatTheBush
      @BeatTheBush  6 лет назад +2

      No need for the library, that's why I put the link in the video description, you can read it now.

  • @richardbenson4750
    @richardbenson4750 6 лет назад +2

    You're awesome bush, I'll definitely check that book out. My biggest problem is that I'm always trying to expand and grow but suck at being patient. Therefore I have a bad habbit of getting things I need but don't need right now which leads to a growth centric approach but lacking in the "now". Do you have any advice? Thank you!

    • @BeatTheBush
      @BeatTheBush  6 лет назад

      Patience is trained. What do you mean getting things you need? The tools you need or buying things you need? It might be due to lack of time? You need to put one or two items on a list and focus on doing those that day even if you work on it for just 1 minute. Just 1 minute will do, the rest will follow.

  • @ayaghsizian
    @ayaghsizian 6 лет назад

    Great videos, you're a joy to watch

  • @TriEdgeGaming
    @TriEdgeGaming 5 лет назад

    ive read every book you recommended except for one. Please do more of these. The books you've recommended have completely changed my perspective on wealth and health.

    • @BeatTheBush
      @BeatTheBush  5 лет назад

      Thanks! I will try to do more. The thing is, not many must read comes along. I do read but not every one is worth sharing. How about a fiction one for fun?

    • @TriEdgeGaming
      @TriEdgeGaming 5 лет назад

      @@BeatTheBush fiction would be cool or even movie/documentary reviews could be cool too

  • @dave597
    @dave597 6 лет назад

    Great summary, thanks!

  • @salinasjose8
    @salinasjose8 6 лет назад +1

    Thanks very good advice. 👍

  • @hammer0987654321
    @hammer0987654321 6 лет назад

    Wow! Thanks for reading this! Awesome!

  • @MrJamescord
    @MrJamescord 6 лет назад +25

    Good job in both reading the book and sharing a link for those who do not have a library near by or a book store in the area so they can get it, you made it easy for them to access the book.
    I want to point out that while you do a tremendous job in you ability to save I would venture to say that the majority of your listeners do not have 3-6 months of living expenses put away as an emergency fund, most do not have a retirement plan that is in place that will fully fund their retirement. I would also guess that most could give you a handful of reasons why they are unable to save or invest. While the 10 percent is very low for where you are at right now it is a huge amount for most people. They need to first start saving as most will not first cut expenses. Like the book says most will not miss the 1-2 percent that is saved at first, then they can feel good about that baby step- something David Ramsey always talks about! Once they feel they are accomplishing something they can make adjustments to spending and saving. The point is to just get the ship turned around and pointing the correct direction! If it was easy for most people they would not turn to you for help in their financial concerns. I save and invest about 40 percent of my money now but it took me reading that book many times for the habit to stick- I uprooted my money tree a few times! Keep up the good work!

    • @taoist32
      @taoist32 6 лет назад +3

      MrJamescord I did the same without reading the book. Saving, just like anything else, is a habit. Even saving one dollar is better than nothing. A daily habit of saving creates a more powerful future.

    • @MrJamescord
      @MrJamescord 6 лет назад +2

      taoist40 - congrats on the good habit! But let me give you this one pointer if you will. I have heard many of the best self help coaches from the great Jim Rohn, Anthony Robbins, Brian Tracy, and others say: I spent the money and the time to go to that seminar even though I have gone to it before because if I get even 1 new thing I can use it might make me a fortune! This book is an absolute treasure, I have purchased at least 4 copies to give away. It belongs in your Success Library! It is a must read.

    • @BeatTheBush
      @BeatTheBush  6 лет назад +4

      I don't know about that financial assessment of those who watch this channel. From what I can gleam, there is a much larger portion than usual who saves plenty. There are even a large portion that are retired or retired early.
      The general US population of course do need to learn to save and saving a little first could be the ticket to help them see what needs to be done to start saving.

    • @gersonadr2
      @gersonadr2 6 лет назад +2

      MrJamesrecord here is a thumbs-up for citing Dave Ramsey's baby steps.. Congrats on reaching the 40% saving mark, you are most likely among

    • @mcjanediz9139
      @mcjanediz9139 6 лет назад

      Appreciate Video! Apologies for the intrusion, I would appreciate your opinion. Have you ever tried - Saankramer Earn Infinity System (should be on google have a look)? It is a smashing exclusive guide for unlocking the combination to success minus the headache. Ive heard some great things about it and my close friend Aubrey at very last got excellent results with it.

  • @misssaydee1496
    @misssaydee1496 6 лет назад

    Thanks for that link 🔗 👌

  • @vexpressivo
    @vexpressivo 6 лет назад +6

    when I was broke as a button and fresh out of school working in Hong Kong, I could not afford Internet on my $1300 USD monthly income and had no time to go online during the weekdays working 10 hrs/day anyway. I actually used Pacific Coffee, McDonalds on the weekends and library.
    Collecting rent is not AS passive as ppl think the moment something breaks down... in the middle of the night... or while you're out of town.

    • @BeatTheBush
      @BeatTheBush  6 лет назад +2

      Yeah. All of a sudden, you have an ISSUE at hand while you are on vacation. Horrible!

  • @Almediale
    @Almediale 6 лет назад

    Great video. Thanks

  • @jn2292
    @jn2292 6 лет назад +7

    The richest man in Babylon is the best money book ever. If you ever see a copy at a garage sale or goodwill, pick it up. Make your children read it!

    • @BeatTheBush
      @BeatTheBush  6 лет назад

      Or just get it for free on ebook. =D

    • @jn2292
      @jn2292 6 лет назад

      BeatTheBush I probably paid under $5 bucks for all the copies I own of it. How much did you pay for that kindle and what is it doing to your eyesight? What kind of medical bills will you have from that in 40 years? ;)

    • @anitaares8271
      @anitaares8271 5 лет назад +1

      Don't just make them read it. Read it with them and hold discussions on the meaning. Work on budgeting, Planning, Investing, And self control with your children. Hold family nights where planning and advice are part of it (Make it fun though). Most importantly, Set the example.

  • @NANGSGARAGE
    @NANGSGARAGE 6 лет назад +1

    One of my favourite books of all time. It has helped me stay on track these past 5 years.

    • @BeatTheBush
      @BeatTheBush  6 лет назад +1

      Interesting. Nice that it had a positive effect on your finances.

    • @NANGSGARAGE
      @NANGSGARAGE 6 лет назад

      Yeh bro, best book

  • @MakedaWisdom
    @MakedaWisdom 6 лет назад +5

    Great review! Thank you. I enjoy this book and I also think it is meant for people who were not saving at all. The story telling is also a great way to get them to think about finance without pulling hair and teeth lol Finally, I've found that some people living pay check to pay check may not consider moving back in with their parents or family when they have that option just because of fear of what others would say instead of evaluating the savings they could make by reducing spending, getting on their feet and mostly creating new habits for themselves.

    • @BeatTheBush
      @BeatTheBush  6 лет назад +2

      Exactly. The initial push to savings might require moving back in which may allow you to save enough to buy a house. There is a lot of social stigma with this but if your parents are okay with it then by all means.

  • @SatsMate
    @SatsMate 6 лет назад

    This was the first book to get me interested in June 2012! The parables are simple, yet timeless.

    • @BeatTheBush
      @BeatTheBush  6 лет назад +1

      =D A pretty fast read at 70 pages. So not too hard to go through.

  • @Donnaerobicover40Fitness
    @Donnaerobicover40Fitness 6 лет назад

    Great advice...I have a you tube channel any suggestions how I can build my channel? Do you plan out content?

    • @BeatTheBush
      @BeatTheBush  6 лет назад

      Make quality content that is useful. I don't really plan things out but I do keep a huge log of ideas.

  • @7motion985
    @7motion985 6 лет назад

    Thank you the book recommendation

  • @shitonskyrim
    @shitonskyrim 5 лет назад +1

    I don't believe that it actually does come from clay tablets. George S Clason liked to use parables and the book is pretty much a compilation of parables he wrote as financial advice. He never published any other books.

  • @sgist7824
    @sgist7824 5 лет назад +7

    Loved this book. Also The Automatic Millionaire and The Millionaire Next Door 👍

    • @BeatTheBush
      @BeatTheBush  5 лет назад

      Good profile to just give you an idea what the behaviors are to generate such a life.

  • @Wesmoen
    @Wesmoen 6 лет назад

    Is it me or is your second book link broken? I have to wait for a very long time and still don't see anything.

    • @BeatTheBush
      @BeatTheBush  6 лет назад +1

      Just checked, works for me still.

    • @Wesmoen
      @Wesmoen 6 лет назад

      BeatTheBush I came back later and could download the book. I think archive.org had some connection problems.

  • @Nelly0f6
    @Nelly0f6 6 лет назад

    What are some great books to read similar to Babylon? I've read rich dad poor dad and got a lot from it. Also can you do a video on stocks!? I wish I knew how it worked and how to invest in them . THANK YOU!!

    • @BeatTheBush
      @BeatTheBush  6 лет назад +1

      Babylon is awfully unique. How about millionaire next door? Yes, I have a whole playlist on investing. It covers more about theory than mechanics which to me is 100x more important: ruclips.net/p/PLAffnc1joZvapKhltdbgRrJm1D-CYlesK

  • @tconroymusic
    @tconroymusic 6 лет назад

    I read this book this year. I do a keen balance of saving (i.e. paying myself first 20%) and also paying bills in full and then leveraging well any other debt (e.g. some credit card debt on a 0% deal that I will pay off very soon before it incurs any fee). I saved all this year instead of just paying off that 0% credit card that also had 0% transfer fee so that I could earn interest on the money I saved. I made regular payments on the credit card and now the balance is manageable to the point that I can pay it in full and not deplete the savings. I have time to do all this maybe because I don’t have kids.

  • @queenblack730
    @queenblack730 6 лет назад

    I got interested into this book from Nick Cannon books that he recommends. Glad you read it.

  • @DaCleva1
    @DaCleva1 5 лет назад +1

    Love that book 📚

  • @Sebanoe
    @Sebanoe 6 лет назад +3

    Can one really teach executive functioning and gratification delay ?

    • @BeatTheBush
      @BeatTheBush  6 лет назад

      I can be learned? It seems to work for those that follow within the stories.

    • @aeksinsang932
      @aeksinsang932 4 года назад

      Yeah, if you actually make a habit of applying it

  • @sanketghorpade9805
    @sanketghorpade9805 6 лет назад +1

    Hey im in high school right now.....and im confused that should i do engineering or get a bachelors degree in finance.......

    • @erics9487
      @erics9487 6 лет назад +1

      Sanket Ghorpade both

    • @marer1000
      @marer1000 6 лет назад +1

      Whatever interest you the most. You will be successfully in whatever you pursue as long as you sincerely care about it. Regardless of what you choose, definitely continue educating yourself in personal finance to lead to a better life.

    • @makerPM
      @makerPM 6 лет назад

      It's about what you like doing. I personally decided to do engineering because I knew personal finance would be easier to learn from other sources.
      Also, engineering is pretty awesome! Its what I love to do.
      Shadow a few people and have a job in mind gong into college and you can't go wrong.

    • @janco333
      @janco333 6 лет назад

      If you like both, choose the one that pays the best. Higher paid means it is more useful to society.

    • @BeatTheBush
      @BeatTheBush  6 лет назад +2

      They both pay pretty well depending on how well you do. When in doubt get more information. You can get good advice from people in the field already and ask what their day to day life is like at the job.

  • @victorialadybug1
    @victorialadybug1 4 года назад

    I gave a copy to my niece. One of the best personal finance books out there.

  • @bennyxu6079
    @bennyxu6079 6 лет назад

    My favorite book since college!

    • @BeatTheBush
      @BeatTheBush  6 лет назад +1

      Gives a great mentality on getting the biggest non-savers to start saving.

  • @edie6949
    @edie6949 6 лет назад +2

    I read the book in 2015 and loved it.

  • @HipHop226
    @HipHop226 3 года назад

    Great book

  • @acajudi100
    @acajudi100 6 лет назад

    I love this book, and you will love Siddhartha by Herman Hesse. RMIB was a fantastic book!

  • @6wasuri2
    @6wasuri2 6 лет назад

    Thorough book review - good work. Try replacing "10%" with "as much as you can" and the concept moves a little closer to your approach. Thanks for checking it out.

    • @BeatTheBush
      @BeatTheBush  6 лет назад +1

      Yeah, that will do it. But you see how I do it the other way around. Reduce expenses and save all the rest.

  • @renukagangula9493
    @renukagangula9493 6 лет назад

    I read this book 3 years back.
    It's one of it's kind

    • @BeatTheBush
      @BeatTheBush  6 лет назад

      It's a pretty good quick read. Entertaining indeed.

  • @mikedb34
    @mikedb34 6 лет назад

    Richest Man in Babylon is an excellent book, I read it several years ago and own a copy on my kindle.

  • @yangwangbrock
    @yangwangbrock 5 лет назад

    Essentials are food shelter internet. I like how internet scores higher than water :)

  • @GeekyMino
    @GeekyMino 6 лет назад +7

    This is one of my favorite books! Glad to see that you've read it. Btw I did an animated summary of this book so if you have the time check it out and tell me what you think😊

    • @BeatTheBush
      @BeatTheBush  6 лет назад +1

      Bablyon... it is fictional but it was entertaining.

    • @bellelopez1155
      @bellelopez1155 2 года назад

      It’s our biblical responsibility to grow what the Lord has given us. 🤑

  • @40kmyway
    @40kmyway 6 лет назад +4

    The Richest Man in Babylon is one of my favorite books. I read it over 10 years ago and have purchased copies for friends and family. It is a fictional piece of work compiled from small stories in the form of pamphlets that were written by the author who was a banker and financial advistor back in the 1940's. He would give the pamphlets to his clients.

    • @BeatTheBush
      @BeatTheBush  6 лет назад

      I totally forgot that this was fictional! Indeed it is!

  • @sudakara2388
    @sudakara2388 4 года назад

    This is the life changing book

  • @NoName-wh2kg
    @NoName-wh2kg 6 лет назад

    How old are you and at what point will you start living without spending the bare minimum?

    • @taoist32
      @taoist32 6 лет назад +1

      No Name Maybe if he gets married he will find out how to spend more money.

    • @BeatTheBush
      @BeatTheBush  6 лет назад +2

      I am not spending bare minimum these days. I always have spent a bit more than the base sometimes buying toys 1000s of dollars.

  • @BlanquisCreations
    @BlanquisCreations 5 лет назад

    Thank you for Breaking the Book Down

  • @maa11235
    @maa11235 6 лет назад +2

    you the man!

  • @makerPM
    @makerPM 6 лет назад +1

    Thanks for reading the book. It says a lot of great things about you.
    Credit card = loans to me from the book. It does account for debts.
    It does work for you. You prioritize saving, which is the point.
    Basic are variables like you are saying, and I agree.
    Overall, the concept is agreed on and the finer details are just different. You are not wrong. :-)

    • @BeatTheBush
      @BeatTheBush  6 лет назад +1

      =D Credit cards are more extreme than loans in the book I think. It is more like in between a regular loan and a loan shark due to high interest rates.

  • @rocketdogticker
    @rocketdogticker 6 лет назад +12

    Damn!! your going to hit 100k by next week congrats. By summer of 2018 500k-1mil+

    • @BeatTheBush
      @BeatTheBush  6 лет назад +1

      One week? I don't know about that. I think in 2 weeks? That 500k-1mil mark sounds pretty far off though. Maybe 2-3 years lol.

    • @Tony32
      @Tony32 6 лет назад +1

      He'll finally get a real youtube button, not the fake one he made ;)

  • @tradryn-gamingmore6492
    @tradryn-gamingmore6492 6 лет назад +1

    Thanks for your discussion on neural networks and bitcoin. Can you please check out common stocks and uncommon profits or Poor Charlie's Almanack, the Almanack is $60 but it is a worthwhile investment in yourself BTB.

    • @BeatTheBush
      @BeatTheBush  6 лет назад

      Great reference as what it appears. I will indeed try to check them out in my spare time.

  • @KevinNguyenSESE
    @KevinNguyenSESE 5 лет назад +1

    If BeatTheBush says internet (included along-side food and shelter) is bare minimum necessity then I guess it is, time to update Maslow's hierarchy of needs.

    • @BeatTheBush
      @BeatTheBush  5 лет назад

      Unless you want to be a caveman, it seems like a basic need to be connected to friends and family now.

    • @KevinNguyenSESE
      @KevinNguyenSESE 5 лет назад

      @@BeatTheBush I agree with you man. I been binging all your videos and my girlfriend basically told me if I really wanna save money then go live in a cave. Anyways I been wanting a honeybadger T-shirt but went to your online store and couldn't find it. Where can I get one?

    • @BeatTheBush
      @BeatTheBush  5 лет назад

      @@KevinNguyenSESE I guess I should make a video addressing girlfriends and finance. The honey badger t-shirt is on the bonfire website here: bit.ly/2FBAeLA

  • @jamesthacoolcat9926
    @jamesthacoolcat9926 6 лет назад

    Just read it; good book. I like how it was written. It was refreshing compared to ther books on personal finance. I liked the different stories. The book mentioned saving at least ten percent, meaning you could save much more and still follow the book. A lot of people talk about the minimum ten percent savings. I think that was why i didnt side with the idea in the book originally. I see that it could stiil work for me.

    • @BeatTheBush
      @BeatTheBush  6 лет назад +1

      I have to remind myself that this is a fictional piece that was not written in Babylon recovered from clay tablets, lol.

  • @circletech7745
    @circletech7745 6 лет назад +1

    I use a hybrid soloution to paying myself first. I save 30% of my income as a base amount, then I try to reduce my spending from there. This way I can guruantee I always save at least 30%, and I work with what's left.

    • @taoist32
      @taoist32 6 лет назад

      Dylan 873 It’s all about habit. I save anywhere from 20%-30% with a goal of 50%.

    • @BeatTheBush
      @BeatTheBush  6 лет назад

      I guess you can do that too. I find that to be an extra step that's not needed.

  • @postprecariat2560
    @postprecariat2560 6 лет назад

    Yes, read it years ago. Useful. My approach has been to Save 10%/Spend 10%. So, yeah, what do your do with the other 80%? I save 10% of everything I earn in a tax deferred (inviolate!) retirement account and spend 10% of every windfall (and save the rest). No debt. But, like you, I have a zero based budget and save and invest whatever is left. That money, however, might be for long term savings, emergencies, big ticket items (house, car, education) or also for retirement. The 10% of every windfall is earmarked for pleasure.

    • @BeatTheBush
      @BeatTheBush  6 лет назад

      That's a great way to put it. It's important to take some money out and spend it. That 10% mark is a good amount.

  • @sogerc1
    @sogerc1 6 лет назад +2

    Oh ok, this whole "pay yourself first" thing makes more sense now. Actually now I think it's a very good advice for a lot of people because a lot of people I know think they received this and that amount of salary so they can buy that much stuff that month. It's a very short term thinking... hopefully not the people subscribed to this channel.

    • @BeatTheBush
      @BeatTheBush  6 лет назад +2

      Certainly more for people who lives paycheck to paycheck but then it's not such good advice as a blanket statement for everyone. Doesn't work for me, doesn't work for many watching this channel who already saves habitually.

    • @IndianOutlaw1870
      @IndianOutlaw1870 6 лет назад +2

      If they are saving habitually, they are probably already paying themselves first. I know *I* am.

    • @freeyourselfmorowa9243
      @freeyourselfmorowa9243 5 лет назад

      Break From The Herd but are you using the money you payed yourself to work for you 🤔

  • @AV-nq8zn
    @AV-nq8zn 6 лет назад +7

    Would you be willing to review "12 Rules for LIfe" by Jordan Peterson?

    • @BeatTheBush
      @BeatTheBush  6 лет назад +4

      Sure... however... I need to read it first. =D

    • @AV-nq8zn
      @AV-nq8zn 6 лет назад +2

      Oh, awesome! I hope you do :)

  • @androandres2689
    @androandres2689 6 лет назад

    Hey dude the book says pay yourself at least 10% first. It doesn't say pay yoirself 10% as you are implying.

  • @stephen4886
    @stephen4886 6 лет назад

    Don't immediately discount this book. For me personally, it had a huge affect on my thoughts about investing. My dad gave it to me when I was in middle school. Eventually I did the math and realized 10% isn't enough, and by the time I was making serious money, I was saving well over 50%. But this book gave me a philosophical foundation which I later built on.
    So yes, the 10% part is small, but it is extremely good at explaining the basics concepts of money. You can mess with the numbers later.

  • @connorbrooks4990
    @connorbrooks4990 5 лет назад

    4:19 lol “food shelter and internet” what about water

  • @thomasb.kovacs855
    @thomasb.kovacs855 6 лет назад

    I bought a german copy of the book :-) Read it last year, it didn't helpt me tho. I already had a big savings rate, but still a nice book to read.

    • @BeatTheBush
      @BeatTheBush  6 лет назад +1

      Doesn't help for those that are saving already. Same for me but I did enoy it.

  • @ArneWidding
    @ArneWidding 4 года назад

    LOL the rules in this book don't really come from 5000-year-old Babylonian clay tablets. You know that right? "The content is from a series of pamphlets distributed by U.S. banks and insurance companies in 1920-24; the pamphlets were bound together and published as a book in 1926." The lessons in the book are awesome though. A recommended read! If you don't like the old English in the book, you can read "The Richest Man in Babylon for Today" by Fred Siegel.

  • @mrj-charles6383
    @mrj-charles6383 6 лет назад

    I have a separate bank account that I put 10% of whatever I make no matter how small in there. That is the account I use for high end purchases and international travel. I am diversified on my pans for retirement owning real estate for rentals and a Roth IRA. Since I have to much in savings I am accelerating my rental business. Need that passive income like you so I can leave my day job. Right now I am only working part of the year so means I have to quit my job once a year. I just look like any average working Joe driving my 18 yr old Chrysler Minivan. So no worries about people thinking I have money.

    • @BeatTheBush
      @BeatTheBush  6 лет назад

      Ha ha, you put 10% to buy things rather than save and make more cash? I guess you save more than 10% after that.

    • @mrj-charles6383
      @mrj-charles6383 6 лет назад

      yes I only use less than 20 % of my income to live on. Just the 10% account for frivolous things although should just call it a travel account since that is really I all I use it for. 2018 I will back that one down to 5% since to much in there losing value. Actually have 3 different bank accounts for different reasons.

  • @tiendoan1333
    @tiendoan1333 5 лет назад

    When it comes to credit card, I only use it to buy gas. Why? Because there's only a gas pump... Nothing else

  • @hremaddox
    @hremaddox 6 лет назад

    Thank you, Sebby. Is Sebby your first name? If you don't disclose that, I'm sorry for asking. :)

    • @BeatTheBush
      @BeatTheBush  6 лет назад

      My first name is not Sebby. =D

  • @jobellecollie7139
    @jobellecollie7139 6 лет назад

    between my childhood education which were Roman Catholic Nuns AND our Rabbi. i was taught to save a minimum of 1/7 th of your income. This 1/7% saved for seven years because every seven years farmers had to let the land go fallow. that year of no crop income, this 7/7 parts was there.

    • @BeatTheBush
      @BeatTheBush  6 лет назад

      So the cycle is 8 years then? Hmmm... hopefully they would save more. 10% is only the beginning. Try 70% or 90% of income saved.

  • @diegoserrano525
    @diegoserrano525 6 лет назад

    Beat the bush!

  • @jiecut
    @jiecut 6 лет назад +1

    Food. Shelter. Internet.
    Hah! This is hilariously true.

    • @BeatTheBush
      @BeatTheBush  6 лет назад

      You are commenting with an internet connection right? Plus, internet can make you money if you use it right.

    • @jiecut
      @jiecut 6 лет назад

      Yeah, I agree with the statement.

    • @BeatTheBush
      @BeatTheBush  6 лет назад

      I agree with your agreement.

  • @jan-olofhansson5299
    @jan-olofhansson5299 6 лет назад

    You forgot a necessity, insurance. It should come before internet...

    • @BeatTheBush
      @BeatTheBush  6 лет назад

      There are more than a few differing opinions on what is considered 'necessity'.

  • @rayfatemi4596
    @rayfatemi4596 6 лет назад

    Paying yourself first works for anyone who applies it. If you were already saving 50% of your income, then it was already working for you. The concept is that if you truly keep 10% of all you make, you will get a fat purse. But even in the book it states to save more than ten percent if you can. Most people do not have your discipline of paying themselves first. And that principal is a key pillar to financial success.

    • @BeatTheBush
      @BeatTheBush  6 лет назад

      If you save more than 10% you are beyond what it teaches. You no longer need to save first. It's really doing the same thing. If you end up with 50% saved... .did you spend as little as you can to only spend 50% or did you save 50% and then spend the remainder?

    • @rayfatemi4596
      @rayfatemi4596 6 лет назад

      BeatTheBush, that simply means you have mastered steps 1 & 2. Then, there are still 5 more steps on the journey of fattening thy purse. You may be already doing several or all the other 5 steps. That does not make them useless, it just means you have accomplish them. That is awesome. One needs to keep in mind that these are life long habits if you wish to be the richest man in Babylon. All 7 cures to a lean purse still stand true.

  • @Troynjk
    @Troynjk 6 лет назад

    Concept of what??? Spell it please

    • @BeatTheBush
      @BeatTheBush  6 лет назад

      Concept of paying yourself first.

  • @jayangli
    @jayangli Год назад

    One of the main points amd whole point of the book is save as much you can!

    • @BeatTheBush
      @BeatTheBush  Год назад

      While living life at a reasonable quality of life?

  • @blitz4sure
    @blitz4sure 6 лет назад

    I've read the book & loved it. It taught me a lot & I have profited by it. If I save 10 percent of my income (no matter what that is), in 10 years I will have 1 years salary & that's even if I don't put it into an investment that pays interest. But you have shown me that now that I am saving 10 percent of my income, I can actually save even more. Thanks BTB!

    • @BeatTheBush
      @BeatTheBush  6 лет назад

      Saving 1 year of living expenses in 10 years is pretty slow actually. Think in terms of saving 50% or more. Each year you save one year of expenses. Now that's more like it! Save 90%, each year you work, you get 9 years or retirement!

  • @bigpapa1472
    @bigpapa1472 3 года назад

    Why everyone just talks about the first few chapters of the book.

  • @silviag3798
    @silviag3798 6 лет назад

    I'm curious as to why (apart from the obvious fact that you're using the Internet as a place to earn income) you say the Internet is a bare necessity for everyone.

    • @BeatTheBush
      @BeatTheBush  6 лет назад +3

      Everybody needs the internet, otherwise how will you watch these videos!?!?

    • @silviag3798
      @silviag3798 6 лет назад

      BeatTheBush One could argue it's not a necessity of life in the same way as food and shelter... you won't die without it. Of course it makes modern life in Western nations easier in a lot of ways but say if you had to chose between having a monthly ISP bill or a monthly health care premium... I think most would chose the healthcare.

    • @BeatTheBush
      @BeatTheBush  6 лет назад +1

      Strictly speaking no but without it, you will become outdated and disconnected from many people. You would not be able to reply to this comment or watch my next video.

    • @silviag3798
      @silviag3798 6 лет назад

      I have sufficient disposable income that it's not an issue for me anyway. But if it were, I'd go get my internet at the public library for free, and pay some other necessity instead.
      Of course I'll watch your next video too. I may or may not agree with it though 😜

  • @rocketdogticker
    @rocketdogticker 6 лет назад +3

    Lol. Food Water Internet. I have an offgrid location and yep thats all you need. Food is not as important as internet imo too. Heat is pretty important however...

    • @BeatTheBush
      @BeatTheBush  6 лет назад +2

      Shelter? Internet can get you food, lol. But then you also need a source of income.

    • @rocketdogticker
      @rocketdogticker 6 лет назад +1

      BeatTheBush thats why i moved back to Seattle

  • @casamequite
    @casamequite 6 лет назад

    Thanks for the review. Great Book! Credit cards are for losers. Car payments are for losers. Live on less than you make and grow wealthy. Also see Dave Ramsey: The Total Money Makeover.

    • @BeatTheBush
      @BeatTheBush  6 лет назад

      Lol... that makeover should have a disclaimer for which types of people its for.

  • @dandelionc69
    @dandelionc69 5 лет назад

    For me now, only one meal a day......

  • @shadowshinobi1309
    @shadowshinobi1309 5 лет назад

    It's a good book. I would criticize on your internet being a necessities for yourself because it's a source of passive income. Although i can get allot accomplished for free at my libraries. Also investing in physical gold is a smart decision in my opinion! #fanofyourchannel

    • @BeatTheBush
      @BeatTheBush  5 лет назад

      You supported having internet but you said you are criticizing it?

  • @vinizzlevinizzle6131
    @vinizzlevinizzle6131 6 лет назад

    Arkad, you need to wear a fake long wisdom beard whilst quoting the laws of wealth

    • @BeatTheBush
      @BeatTheBush  6 лет назад

      ROFL! I like that. Too bad i don't have one handy. I could fake one I guess.

  • @SarahParalegal
    @SarahParalegal 6 лет назад

    Handsome too!!!

  • @jacobtran4010
    @jacobtran4010 6 лет назад +3

    50/30/10/10?

    • @BeatTheBush
      @BeatTheBush  6 лет назад +1

      Save 50%? Yes.. that is very very good.

    • @jacobtran4010
      @jacobtran4010 6 лет назад +1

      No I would wish to save 50 percent but unfortunately 50 is allocated to fixed expense as I was told. 30 percent left is for non guilt spending and 10/10/10 left are divided into long term, short term, and investment/retirement savings.

    • @jacobtran4010
      @jacobtran4010 6 лет назад

      I recently found your channel, like 2 days ago? and have been soaking up as much knowledge as I possibly can because I have no one to teach me these sort of things and public school system wasted my time. As a first generation, it's a bit struggle to balance things out especially when you start from poverty. your video has so far give me good insights but I'm seeing which one I can used to get things going for now.

  • @Tony32
    @Tony32 6 лет назад

    The eighth cure: Watch Beat thy bush.

    • @BeatTheBush
      @BeatTheBush  6 лет назад

      Lol... if you meant that as watching this channel then sure. =D

    • @Tony32
      @Tony32 6 лет назад

      Beat thy Bush was a man from faraway lands who taught the Babylonians tips on chariot repair, then his show morphed into a show on how to save money and fatten their purse, It was a poppet show really with a dragon, a bat, a steak and some peas.

  • @supremevision631
    @supremevision631 2 года назад

    If you’re saving 50% you’re exceeding the instructions so I can see why it wouldn’t apply to you. if you can’t save ten percent obviously you need to make some spending and earning adjustments.

  • @roastmaster2000
    @roastmaster2000 4 года назад

    I think you should have read the book more closely: you misunderstood the point. The book goes more deeply than your critique.

  • @weisionggoh579
    @weisionggoh579 6 лет назад

    10% savings seems more true when you have to support a family by yourself.

    • @BeatTheBush
      @BeatTheBush  6 лет назад +1

      It depends on how much you spend compared to how much you earn. If you always inflate to only save 10%, then sure.

    • @weisionggoh579
      @weisionggoh579 6 лет назад

      Doing my best to be a minimalist and provide for the family. Your videos are an inspiration.

  • @freeme123go
    @freeme123go 6 лет назад

    Lots of youtube audio versions of this book as well.

    • @BeatTheBush
      @BeatTheBush  6 лет назад

      Ahhh but are they reading it? Hmmm.

    • @freeme123go
      @freeme123go 6 лет назад

      yeah, check it out. Change youtube filter duration to long and search richest man in babylon. A decent way for the frugal to enjoy.

  • @edie6949
    @edie6949 6 лет назад +1

    Internet is not a bare minimum. Lol.... shelter, food, electricity and gas (to get to work) are.

    • @debbiekostiuk8825
      @debbiekostiuk8825 6 лет назад

      Eidi ya it used to be food shelter and clothing lol ...all changed with digital currency

    • @BeatTheBush
      @BeatTheBush  6 лет назад +2

      Internet is a bare minimum, without it, you cannot comment on this video.

    • @DailyDadJokes8484
      @DailyDadJokes8484 6 лет назад

      BeatTheBush most public libraries have Internet you can access for free.

    • @HangNguyen-ih8rf
      @HangNguyen-ih8rf 6 лет назад

      Food, shelter(utilities), transportation, internet, and STARBUCKS 👍