Money Archives

Naked Economics: Undressing the Dismal Science

What is Charles Wheelan’s Naked Economics about? What are the key takeaways? In Naked Economics, bestselling author Charles Wheelan strips away the complexity from some of the most powerful theories in economics, allowing readers with little or no background in the subject to understand many of the field’s most fundamental concepts. He skips over the more technical, mathematics-based aspects of the discipline and concentrates instead on the logical pieces of how and why people behave in certain ways, how markets function, and how governments can design incentive systems that encourage healthy economies. Below is a brief overview of the key

How to Create a Wealth Mindset and Become Rich

How to Create a Wealth Mindset to Change Your Reality

How do you create a wealth mindset? Why is a rich mindset so powerful? You create a wealth mindset by becoming success-conscious and having an all-consuming desire to be rich. When you think yourself rich, you stimulate your imagination to dream up action plans that will help you achieve your goals. Read more to master how to create a wealth mindset.

The Richest Man in Babylon: 7 Cures for a Lean Purse

What are the “7 Cures for a Lean Purse”? How did Arkad—the richest man in Babylon—come up with his wealth principles? The 7 Cures of a Lean Purse are the financial principles of Arkad, a fictional character in the Babylonian parables titled The Richest Man in Babylon. Arkad, who began his wealth journey as a poor scribe, came up with these principles when his friends approached him for advice on how to grow wealth. Here is a quick synopsis of Arkad’s wealth principles.

Reward Incentives: 20 Reasons They Don’t Work

What are the top 20 reasons why employee reward incentives don’t work? What are the different types of reward incentives that employers offer? In his book Carrots and Sticks Don’t Work, Paul Marciano argues that traditional employee reward incentives such as bonuses and recognition programs don’t actually improve employee performance. Marciano compares reward incentives to dangling a carrot in front of a mule to get it to move. Here are the 20 reasons why employee reward incentives don’t work.

The Richest Man in Babylon: Quotes by George Clason

Are you looking for The Richest Man in Babylon quotes by George Clason? What are some of the most noteworthy passages worth revisiting? The Richest Man in Babylon by George S. Clason is a financial advice classic written in the 1920s. It distills his advice on how to acquire wealth, which is delivered by a fictional character Arkad. Here’s a selection of our top The Richest Man in Babylon quotes by George Samuel Clason.

The 2 Major Benefits of Capitalism: More Than Money

The 2 Major Benefits of Capitalism to Building Wealth

What are the major benefits of capitalism for building wealth? Why is freedom an essential part of a capitalist system? The major benefits of capitalism are the freedom to own property and the freedom to choose your profession or business. Freedom makes a capitalist system work. It ensures talented people from different backgrounds can freely come together to drive societal progress. Read on to fully discover the benefits of capitalism.

The Richest Man in Babylon: Book Overview

What is The Richest Man in Babylon about? What are the key financial principles for becoming wealthy, according to its author George Clason? The Richest Man in Babylon by George S. Clason is a financial advice classic written in the 1920s. The financial principles in the book are delivered by the fictional character of Arkad, the richest man in Babylon, who imparts the secrets of wealth to a group of local citizens who want to learn how to stop struggling financially and become rich. Below is a brief overview of Clason’s advice.

3 Timeless Lessons From the Babylonian Parables

Who wrote the Babylonian Parables? What financial lessons do they contain? Babylonian Parables (from George Clason’s 1926 book The Richest Man in Babylon) are told by a fictional character Arkad, a poor scribe who ended up becoming a successful merchant. The three parables, covered in the final chapter of the book, recount his financial advice through 1) The Gold Lender of Babylon, 2) The Walls of Babylon, and 3) The Camel Trader of Babylon. This article recounts the three Babylonian parables about managing your finances.

Tony Robbins: Wealth Mastery for Financial Success

What is Tony Robbins’ wealth mastery method? What practical steps can you take to improve your finances? For many people, finances are a source of worry and stress. Tony Robbins’ wealth mastery method involves avoiding common financial mistakes, having a clear financial plan, and building wealth. Following this advice will help you to take control of your financial life and reduce stress about finances. Find out more about Tony Robbins’ wealth mastery method below.

Alfred H. Shrewsbury and the Babylonian Clay Tablets

What is Alfred Shrewsbury known for? What was so special about the Babylonian clay tablets he received from his colleague Franklin Caldwell? Alfred H. Shrewsbury, a professor of Archaeology at the University of Nottingham, deciphered the writings on the Babylonian clay tablets, which were discovered by his colleague Franklin Caldwell. The inscriptions, which contained the story of Babylonian slave Dabasir, resonated with Shrewsbury because they resembled his own financial circumstances. Here is what Shrewsbury wrote to his colleague Franklin Caldwell in response.