The Rules of Wealth by Richard Templar

If you’re no stranger to books on wealth creation then this book could serve as reminder notes of what you’ve already read. This is not by any means in a tedious manner, but rather to review and update you on what you previously learned. If it’s your first wealth-focused book then all the better for you because it’s very simple and straightforward to read.

Templar presents a hundred rules of wealth and each chapter is written in a lucid and digestible style. It first analyses the mindset and behaviours of the wealthy. He shares some of the things that these people do to make money and how they continue to hang onto it. It simplifies the ways to make money and what it depends on but without making it come off as a get-rich-quick guide.

The Rules of Wealth is divided into main sections; thoughts of wealth, becoming wealthy, becoming wealthier, staying wealthy and sharing your wealth. Templar briefly explores our money beliefs and their sources, our concept of money and what role those factors play in creating wealth.

He points out that defining your wealth helps to give you a destination, something to work toward. Throughout the book we learn how sometimes it’s not an inability to become wealthy but rather laziness. He shares an illuminating lesson on the relationship between money and happiness, which I thought was necessary to include because many of us are constantly getting lost between the two.

I fully agree with a point he also makes, which we also don’t consider much, about how it is harder to manage yourself than it is to manage money. A brutal truth that may sound so obvious but to be honest, how many of us are getting it right?

The last part of the book focuses on creating more money and sharing it. There is an encouragement he offers along the way by reminding us that it’s never too late to start getting wealthy. This is necessary to highlight because of the pressures that we’re surrounded by through statistics and stories of twenty-whatever-year-olds becoming self-made millionaires and all.

It’s a good investment for the shelf. The guidelines and principles are easy to understand and execute. It may sound like a hundred is a lot but they’re short and easy to consume. There is no confusing jargon of the financial world so it’s not intimidating.  

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