If you always want to be poor then keep spending money you haven’t earn it yet. This is the main reason why most people never escape poverty, they borrow money to buy things they don’t really need or can’t afford. So whose fault it is? Some say it is the media who is aggressively marketing valuable products to individuals, promising happiness and respect. Others too say it is our educational system but actually it a personal thing.

Principles of Building Wealth - Investopedia

Another self-help book that can let one's motivation spark in themselves in the road to a wealthy lifestyle. 100 rules are shared in this book on how one can be a 'Rule Player of Wealth'. Well, all the rules shared by Mr. Templar are basic although they are definitely applicable and practical. I had to reread some of the rules and take it down (and will try to incorporate it in myself). Don’t over protect your children from the valuable experience of poverty and learning from this. When other people have money they can spend it how they like, this is particularly true for your parents. Here is a very important distinction we have to make when it comes to learning. Learning is about acquiring knowledge that can be transformed into value in your life and others. That is what learning is, nobody cares if you know all the meaning of words in the dictionary, as long as you are not making any good use of such knowledge, it’s not valuable. Someone once said “Stop reading books! If you’re not going to implement the theories and concepts that are taught in books and courses, then it’s not worth spending the time and money to buy the resources and information.” Learning is not the only part. Without execution, the whole plan will go to fail. So from now on, stop reading and start implementing. 6. Never be a slave to money become the master (Secret rule of money) It is a beginner's guide to money, finance and investing basically. If you are well versed within this topic you won't really find yourself learning anything new from this book but it sure served as an easy read and it is written colliqually. Though Templar does preach about hustle culture so it is important to read this book from a critical perspective. There were many, many things I did not agree with in Templar's book. Preaching about endless productivity with no rest and not taking care of your mental health is kind of like assuming that human beings are robots and that is not the case with our species For most of us there is a huge gap between what we know and what we do. There’s no point just reading this, you have to act on whatever it spurs you to think would be a good idea.”You have the right to collect as much money as you wish because there is an infinite amount of money. 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 Gain difference of price and values of something. Sometimes, the same thing has different price because it is influenced by values in each situation. It is easy to read, difficult to understand. All difficult to understand books are not for everyone. Everyone need not be wealthy.

The Rules of Wealth: A Personal Code for Prosperity (Rules The Rules of Wealth: A Personal Code for Prosperity (Rules

You can make lots of money, you can enjoy your job and you can sleep nights. If you are starting to lost sleep or have stopped enjoying it, then you need to have a talk with yourself.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. Before you start investing, make sure you have sufficient savings and some money set aside to handle any unexpected financial emergencies. 5. Protect Your Assets FundSupermart (I have a Private Retirement Scheme fund there) – 1-2% management fee + 1.75% sales charge (+ extra fees for specific funds) Though I felt at times there was a contrast of constantly working hard and earn money, while there sleep vs. don't spend too much time stressing over these things. 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 %!).

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

Overall, it's a good book to read when you want to relax but also want some knowledge or something useful at the same time. It's not intense and easy to understand but you could feel like some of the rules are, as I said before, quite obvious and repeated. And as a reminder, doerly pat the Like button to give our video more exposure, support, and love from the YouTube algorithm. Don’t make money by being bad – If you don’t enjoy the challenge of earning money legit then best go and do something different. Money and happiness – understand their relationship – too little money can make you miserable, too much money can make you miserable, too much stuff can make you miserable, not having enough can make you miserable.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 There are 107 rules plus 10 more in the edition I bought (2015 edition), divided into the following sections: