Analysis Of The Book ' The Richest Man On Babylon ' By George S. Clason

People are not being able to save because they are putting their wants in place of their needs. Saving money is one of the hardest things to do. First they need to develop a budget to be in control of where their money is going. One should record their monthly expenses, and any money saved for the month put away for emergencies. Today, people are making more money than ever before and still living paycheck to paycheck. Developing a budget will get one accustomed to living within their means and will open up more money for saving.

The author of this book, Dave Ramsey, is a man who has gone through many struggles in his life. Throughout his book he talks about the times when he went bankrupt and couldn’t provide for his family. Dave Ramsey sat down and wrote a plan on how to be smart with your money. Ramsey says, “The principles are not mine. I stole them all from God and your grandmother” (xi). He talks about how these are not new ideas and that these are not theories because they are proven to work every single time. The central concept of this book is to help people succeed in life with money but also their personal relationships. Ramsey wants to give people hope and happiness by playing a small role in their financial freedom.

          In the story, “by the waters of babylon”, the character John is a protagonist. He is the son of a priest and wants john to become a priest too. The reason  that the character  John is a protagonist because his thoughts and emotions are expressed throughout the story. In the story the author states, “so i learned the ways of those houses-and if i saw bones, i was no longer afraid.”

Which would you value more-knowledge, or truth? Stephen Vincent Benét explores this question in his short story “By the Waters of Babylon”. However, Benét doesn’t answer this question exactly, instead “By the Waters of Babylon” focuses more on a singular theme that knowledge and truth are intertwined. Benét brings the reader into a post-apocalyptic world where humans have resorted to a more primitive state after the “Great Burning”(310). Now the only humans left with any knowledge are the Priests, and John happens to be the son of one. John has been exposed to the only remaining knowledge that he’s been told his society has at that the time and now quest for more. This burning desire that John has to know more of

* Create a budget- creating a budget will help you not spend more money than you have. Creating a budget will also help you stay out of debt.

My mother once said, “Spend your money wisely.” Ever since then I have. Now I want to spend my money on something special, like seeing my sister in Hawaii. In order to have these special things I have to earn money.

A budget is something I take as seriously as education: without it, you’d be nowhere but miserable. My mother racked up a lot of debt before leaving my dad and I. She was and is legally supposed to send child support, but she never has. My dad spent until 2008 trying to repay the debt she left us with while she was living in Hawaii buying multiple cars and living in luxury. When I was old enough to understand this, I promised myself that I would never go into debt if I could help it. At my school, Personal Finance is a graduation requirement; while some students were complaining that we were only watching Dave Ramsey “ramble on”, I took it with all seriousness. I would rather listen to Dave Ramsey talk about budgeting on the radio in exchange of not going $60,000 in debt and losing my house because the payments are too steep. As Calvin Coolidge once said, “The only way I know of escape from that constant tragedy is to keep running expenses low enough so that something may be saved to meet the day when earnings may be small.” Knowing that President Coolidge not only shared this value, but practiced it in everyday life as well, made me respect him even more than I already

Alas, Babylon, by Pat Frank, takes place in Florida, USA, during a nuclear war between them and the USSR. Much like the small, ancient city of Babylon, the United States of America was destroyed and its citizens, the ones still alive, had the immense task of rebuilding the former superpower nation of the world. Dan Gunn, Fort Repose`s doctor explained to Randy Bragg, our protagonist that “some nations and some people come apart like fat in the pan. Others meet the challenge and harden. [He thought he was going to harden]” (Frank 133). Although he was talking to Randy, the quote applied to him as well. Randy had to figure out how to lead a very scared city that was falling apart and Dan had to treat the many patients without the luxury of having conventional methods available.

Thesis: Today I will inform the audience of the power of saving small amounts of money for the future and how compound interest works in their favor when they start saving as soon as possible.

Many families and single people are forced to live on a budget. The process of living within a budget takes will and determination but to reach happiness and avoid poverty, it is worth the sacrifices. There are many economic reasons, such as a new baby in the household, job loss or change, the children’s education expenses or retirement. All of these occurrences can cause financial burdens and, the need to control and tightened spending. Even the wealthy, have to budget and arrange their unrestricted expenses against their limited incomes. It is possible to live well on a tight budget but there has to be an understanding of the expenses, a good attitude and a clever plan.

In this presentation Peter Bielagus descirbes three lists that he finds critical to adequate money management. The first of these lists names items one would be wiling to live without. On the second, items one wants, or strives for are listed. And lastly, a list of items you are really spending money on. By saying this, Bielagus means listing all of the ways your money is slipping away from you on unnecessary commodities, such as five dollar coffee and designer socks.

Try to make a budget, it will be your blueprint for your finances. The first step for anyone wanting to take control of their finances is to make a budget. A budget will allow you to understand where your money is going and enable you to adjust your spending by designating how much you can afford. Creating a budget is a good idea for everyone, but especially for individuals with limited income. Write down your budget, with specific categories of spending, and stick to it. Start slowly by using a percentage on how much you will save versus spend. A plan doesn’t work unless you work the plan.

A budget refers to a financial plan that represents the allocation of the income to various expenditure channels such as expenses, savings, and debt repayment. A personal budget is important because avoiding financial surprises and keeping financial stress down helps avoid a crisis and allows you to focus on your overall goals. You cannot avoid all risks in life but if you plan your finances to live within your means, you can avoid being kicked out of your home, losing your car and other terrible things that a solid budget would help you avoid. Knowing what you can afford is a central life skill. Unfortunately, many do not budget even though they know they should (Wagoner, 2012).

Personal budgeting is an important factor in regards to successful long term financial stability. Budgeting has many great aspects as well as showing areas of weakness. It can show the truth about your personal financial spending habits, areas that are not looked at enough, and if there are needs for a larger emergency fund. The reality of personal budgeting is that many people potentially do not keep a personal budget for one reason or another. People also don’t consider the negative effect that it could have on one personally and or how it effects the economy.

Money is a precious thing and it can become challenging to not spend it immediately after getting it. It is crucial that this does not happen. There is no denying that money is an important part of society. The world revolves around money and without it, one? would not be able to function. In everyday life the average household will spend one hundred and sixty dollars daily. It is safe to say that money is an resource used daily. It is a tool that can be used to connect with other people or buy anything a person could want or need. Yet it is easy to spend money without realizing how much is really being spent. With only a few simple tips it will become much easier to save money instead of spending it on frivolous things. One’s hard-earned dollar should be saved, and simple tips such as using cash instead of cards, saving small change and only purchasing what one really needs are a few of many ways of doing this. The power of money can easily be abused and it is very important to make sure that a person is well informed on ways to save and spend money wisely.