The Richest Man in Babylon: A Study in Personal Finance

We will be exploring basic tenants of financial self-sufficiency. The Richest Man in Babylon was originally a series of pamphlets distributed by banks to warn customers of investing in risky stocks prior to the crash of the stock market on Black Thursday in 1929. The lessons outlined in the book are timeless and are told in entertaining parables. We will explore and discuss these lessons and relate them to how we can set up our own savings plan in the similar market situation we have found ourselves in. This is an introduction to personal finance and is designed for students who are looking to balance their saving vs. spending budgets. Students are expected to read the text and minimal take home work will be involved.