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The Rules of Wealth:A personal code for prosperity and plenty: A personal code for prosperity and plenty (4th Edition)

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The best way to describe the book is it’s 100+ wealth tips from Richard Templar. These are things that worked for the author, who by the way is not a financial advisor of any sort. So it’s best to understand that when he covers topics like if your house is an investment or even if you should borrow money from family.

Rules of Wealth, The: A Personal Code For Prosperity And

All in all, this could be the worst book I've ever read. On the plus side, it had entertainment value; I read it while sitting next to my wife, and we had a few laughs together as I read her some of the most egregious examples of Templar's terrible punditry. Author says don’t share your goals or objectives with anyone so that you don’t give some to laugh at you or others to get a clue from you. Most people are too lazy to be wealthy - I will say otherwise – most people are not clear about their definition of wealth and their own goals or objective to fall in this category. Usually we see wealth with strange eyes, as if a wealthy person is an Alien and this guy has a special education, or talent to acquire wealth. Find the fat and trim it. Break down your expenditures into needs and wants. Food, shelter, and clothing are obvious needs. Add health insurance premiums to that list, along with auto insurance if you own a car and life insurance if other people are dependent on your income. Many other expenditures will merely be wants. Pero, siento que hay muchas reglas, que, aunque desconocidas, no son el hilo negro de nada. Muchas son guiadas por el puritito sentido común y, aunque uno no las tenga presentes en todo momento, en sus casos aplicables sí las tiene. Cosas como "No inviertas en algo que no entiendas", por ejemplo. Think of money like a magnifying glass, whatever threat that are hidden before are now ten times bigger and people can now notice it. The same magnifying glass light stars on these threats that were indulged before. If you are an asshole before and then you got rich, you are now just an asshole who has gotten a bank account full of money. The other side of the coin is also valid. If you were humble and generous before, nothing is going to change when you make it.By setting money to work, it will keep growing instead of losing value via inflation. This rule made me happy – most of my money is generating more money as we speak, I have very little in my bank account. I talked about this in my passive income guide. Rule 90 – Put something aside for your old age – no, more than that!

Rules Of Wealth By Richard Templar – Thinking Wealthy 7 Rules Of Wealth By Richard Templar – Thinking Wealthy

Because this is a starting point of your voyage and a starting point to define what wealth means to you.

Customer reviews

You have the right to collect as much money as you wish because there is an infinite amount of money. It’s seductive: steal from the rich and you’ll become rich yourself. And it’s laudable in that Templar’s 100 Rules are often so common sensical and all-encompassing that it’s hard to argue with them. Work hard, save your money, shun debt – hear, hear, we say .

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