Episode 11: The Richest Man in Babylon – Grant Millar   In this episode of the START WELL™ podcast, we have guest book reviewer Grant Millar, GIF master, dad of 2, financial adviser and former DJ (rumoured). We discuss the classic financial book The Richest Man in Babylon by George S. Clason, which has sold over 2 million copies and been in circulation since 1926. Grant has engaged with this book as an audio book and provides not just his experience, but the feedback from his family, from the small snippets they listened together to in the car. The book due to its language, which is written in olden style English, may not be everyone’s cup of tea but it still covers the important foundations of finance. Some of the writing in the way people are represented (or not represented) has not stood the test of time. Grant says this book could be engaging for some, and inaccessible to other (his family were not too impressed), however in all cases there is the opportunity to bring back money lessons from the book to the home. Grant recommends this as an audio book which you could complete in 3 hours. The Richest Man in Babylon: Key Principles Parables are grouped into overarching themes of financial advice, notably "The Seven Cures" and the "Five Laws of Gold." Seven Cures For a Lean Purse: Start thy purse to fattening: Save 10% of income to build wealth. Control thy expenditures: Avoid unnecessary expenses. Make thy gold multiply: Invest wisely and compound returns. Guard thy treasures from loss: Avoid risky investments. Make of thy dwelling a profitable investment: Own your home. Ensure a future income: Plan for retirement and family security. Increase thy ability to earn: Continuously develop skills. Five Laws of Gold: Gold cometh gladly to those who save: Saving is the foundation of wealth. Gold laboreth diligently for the wise owner: Investments grow with wise management. Gold clingeth to the cautious owner: Invest wisely with expert advice. Gold slippeth away from unfamiliar investments: Stick to what you know. Gold flees from risky ventures: Avoid impractical or aggressive strategies. These principles emphasize the importance of saving, wise investment, caution, and avoiding imprudent financial decisions.   Follow for more money conversations.             General Advice Warning – This Podcast contains general advice. The information, including tax information and any advice provided in this Podcast, does not take into account your objectives, financial situation or needs. Because of that, you should before acting on the advice, consider the appropriateness of the advice, having regard to those things. If the advice relates to a particular financial product, you should obtain the relevant Product Disclosure Statement for any product mentioned and consider its contents before making any decision. You should consider talking to a financial adviser before making a financial decision.  Dawn Thomas is a Senior Financial Adviser and is an authorised representative of TWD Licensee Services Pty Ltd ABN 88 605 064 480 Australian Financial Services Licence No.475964 (TWD Licensee Services).