My Favourite Book Review

Hello dear friends. How are y'all doing? Trusting God you're all doing great? I'm happy to participate in this contest, #book-review organized by @muhammad-ahmad.

I picked up my reading habit from my Dad. Growing up, my dad never missed buying newspapers everyday and each time he's done reading or going through them, he always comes to my room and drops them on my bed despite knowing that I was still learning how to read then. Most times, I'm always fascinated by the cartoon drawings at the back of the newspaper. With time, I picked interest reading through the pages of the newspapers and from there I started buying story books and novels on my own.

Source

One of my favourite book which I regard as my book of the century is the book titled; "The Richest Man in Babylon" written by George S. Clason in the year, 1926. Trust me, it's a must read for everyone most especially, beginners, investors and entrepreneus. The language is easy to read and understand and it conveys a lot of important lessons on personal finance and wealth creation.

First, the book highlighted the importance of saving and early investment. The main character in the book started with small savings from his little income. He was self-disciplined towards his savings and he eventually became the richest man in Babylon.

It also teaches on how to spend. The book laid emphasis on controlling our expenses and try as much as we can to live below our means to avoid unnecessary expenditures. Here, we see Arkad giving priority to his need over wants. This allowed him to build his wealth with time.

Sometimes, it's not just about spending wisely but also having other sources of income as this tend to reduce financial risks. Here, we see Arkad having multiple sources of income which include real estate investments as well as a successful business. Aside these, Arkad also invested wisely to avoid debts.

Lastly, the book encourages it's audience to develop skill that are valuable, ensure they invest in themselves which in turn will increase their potentials for earning. It states that, "wealth is a result of discipline and patience and not really luck or chance". From the book, Arkad's wealth was a reflection of his constant investment, persistent savings as well as good financial decisions he made over the years.

I will like to invite @owulama @ashley-p and @tripple-e to also participate in this contest.