The richest man in Babylon by George Clason is the best book on investment that I have ever read. I would confidently say that you don’t need to read any other book on personal finance to become wealth. It is simple and direct. It is actually possible to read it in one night. Although it was first published in 1926, it stands tall among other books on personal finance. I find it's premise on building wealth to be simple and easy to implement. It provides seven simple steps to follow and become wealth. George Clason described them as steps to ensure a wealthier life or cure an empty purse. In addition he gives five laws of Gold/money.

Step 1: Fatten your purse

10% rule. For each ten coins you earn, save 1 coin and spend 9. Simplest of all rules but somewhat difficult to implement for many people. Those who invoke this rule definitely become wealthy.

Step 2: Control your Expenditures

Budget your expenses such that you pay for your necessities (modern life bills), Pay for your enjoyment without spending more than 90% of your earnings.

Step 3: Make your Money to Multiply

Invest each coin saved such that it reproduces other coins.

Step 4: Guard your Treasures from Loss

Only and only invest where you can redeem the principal if you desire and where it earns interest. Like Warren Buffet, never lose money.

Step 5: Invest in a home of your own.

Ensure you own your own home not house. Differentiate between a house and a home. A home is where you can live comfortably with your family if you went to retirement today. It should have all amenities of a home.

Step 6: Save for Retirement.

Ensure you set aside some money in advance for the needs of your growing age and the needs of your family.

Step 7: Increase Your Ability to Earn and Productivity.

Work more on yourself than you work at your job. Improve yourself by studying to become wiser, more skillful and respect your self.

Finally the Five Laws of Gold/Money.

1. The First Law of Gold

"Gold(Money) comes gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family."

2. The Second Law of Gold

"Gold (Money) works diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field."

3. The Third Law of Gold

"Gold (Money) likes the protection of the cautious owner who invests it under the advice of men in its handling."

4. The Fourth Law of Gold

"Gold (Money) runs away from the man who invests it in businesses or purposes which he is not familiar or which are not approved by those skilled in its keep."

5. The Fifth Law of Gold

"Gold (Money) flies away from the man who would force it to make impossible earnings or who follows the alluring advice of tricksters and schemers or who trusts it to this own inexperience and romantic desires in investment."

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