Richard Templar seems to have a relatively successful line of books, seemingly on topics that he considers important within his life. I previously read the Rules of Work book, which at the time was useful and probably did help shape my way of thinking about work and the role of work. When it comes to wealth, there are a lot of sources of advice but over time, it seems to be best to learn from experience and try to take a sensible approach to ensuring you live in a sustainable way, while also being generous (both with money and kindness) when in a position to do so. This book is a pleasing, smooth read. It's well written, informal, and in bite-size chunks, but it was all investment portfolios and the like, way over my head. If that's what you want, it's a concise and accessible reference.

The Rules of Wealth by Richard Templar eBook | Perlego [PDF] The Rules of Wealth by Richard Templar eBook | Perlego

Continuously make money passively in any way you can with what you have, whether through your assets (cars, houses) or plain cash Listen, you can’t stay mediocre. That’s not your direction, you come here so you must acquire the right mindset and be persistent. Gain difference of price and values of something. Sometimes, the same thing has different price because it is influenced by values in each situation. Learn the art of negotiation, which involved making the other person feel they are getting as much as you are from a transaction. Always know your bottom line, what it is you want and aim for a win/win situation. Be prepared to give up things to secure other things – be flexible and fluid and know as much as possible before you start as knowledge is power in negotiation situations.There are a lot of rules that I thought were very obvious but I did appreciate his insight about accepting inheritance and the will of your parents. This came at the very end. That’s it. The sad thing is, in Malaysia, most investment professionals will use you. Many unit trust/mutual funds in Malaysia offered by private financial institutions have high fees, it’s revolting. When it comes to unit trusts alone, there are way too many options and way too many fees. The average entry fee in Malaysia is 5-6% (this is NOT including management fee, a few more %!). Do what you want with your money. Give it all away. Burn it. Whatever. I’m going to try and be Switzerland about this and be super neutral. Conclusion

Rules of Wealth, The: A Personal Code for Prosperity and

Here come the secret rules of money I have been waiting to show you… 11. Money is your personal army, it should go out and bring prisoners A good book full of practical advice on how to get started with your money journey. There are mentions about investing too but nothing of compound interest, which is what I struggle to understand the most right now. There is advice about not being envious of other people's money, how to give and accept money and how to budget well and avoid impulse spending. The "rules" as Templar calls them, are categorized into certain head titles that introduce you to what the following rules are about Get understood that the wealth is your result but finance award - You don't get anything if you are lazy For some reason, people expect money to solve every problem out there. It true it solves most of the problems but certainly not every problem. Money is like a universal key that can open more related doors. Need a roof over your head? Money can solve it just now, wondering what you gonna eat tonight? Money got you covered, your kids need school supplies? Money to the rescue. These are all money issues and money will solve them. Know the difference between price and value. We think we know the price of something. But the value can spread out far beyond all of that.

And as a reminder, doerly pat the Like button to give our video more exposure, support, and love from the YouTube algorithm.

The Rules of Wealth: A Personal Code For Prosperity And

The Rules of Wealth– Some people seem to find money so easy. Easy to make, easy to hold on to, and easy to grow. The rest of us just find it easy to spend. Pair this with Rule 104 – Spend your own money because no one can spend it as wisely as you. Another mental explosion. Of course I deserve to spend my own money, duh Suraya. New Rule 3 under The Rules of other people’s wealth (available in 2015 edition) – Other people’s money belongs to them An easy reading book with practical tips of ‘rules of wealth’. They are very practical, that even the author repeatedly stated ‘you will think it is common sense, but do you really do it’, which emphasizes my assumption that the author realizes everyone know what he wrote already.There are also people who are like, ‘I don’t care about money, I just want to do what I love!’ as if monetary rewards will somehow downgrade their love for their craft/hobby/lifestyle. It’s not… mutually exclusive… you know… I know you might think this sounds bullshit or wired but is not. It actually more than a positive thought and the universe delivering the idea to you. There are a lot of people who are so hungry at getting rich. But what most people don’t understand is the hidden rules of money am about to show you. The secret is this “For you to earn money, there should be some form of exchange” You see money is a very discipline thing, follow it rules and it will come to you, follow your own rules and you will get it not. Besides that, he’s been obsessed with creating wealth-building and well-being strategies. And he found out that in our life there are only seven stages. He calls them the 7 Wealth Stages framework. 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. If you dream of having enough money never to worry about it ever again, you need The Rules of Wealth. About the Author