Tag Archives: WealthCreation

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.  

‘The Richest Man in Babylon’ Is A Worthy Investment In Your Journey To Financial Prosperity

“Where the determination is, the way can be found.”

― George S. Clason, The Richest Man in Babylon

Title: The Richest Man in Babylon

Author: George S. Clason

The Richest Man in Babylon is a famous classic that gives exemplary financial advice. It uses parables that one can easily adopt and apply. In the book, Arkad is the richest man in Babylon who shares his journey to wealth.

He shares ‘the seven cures for a lean purse’, which are:

  • ‘Start thy purse to fattening.’ This reminds us how there are many trades with which we can use to earn money and how to use that source of wealth that one already has. From what you earn you can start fattening your purse by saving one-tenth of your earnings.
  • ‘Control thy expenditures.’ Budgeting for the necessary expenses will help to put away one-tenth of the money you make.
  • ‘Make thy gold multiply.’ Making money work for you means that a stream of wealth will continue to flow into your purse.
  • ‘Guard thy treasures from loss.’ It’s wise to consult with people who have the knowledge to help with protection from unsafe investments.
  • ‘Make of thy dwelling a profitable investment.’ It highlights the important distinction between renting and buying, and also how you can use your property to establish a business.
  • ‘Insure a future income.’ It’s prudent to provide in advance for your needs as you grow older and for the wellbeing of your family.
  • ‘Increase the ability to earn.’ It is smart to develop your skills and sharpen your investment knowledge to increase your earnings power.

Amongst other parables, the book also shares five laws of gold which Arkad considers to be greater than the gold itself. These detail how gold works, whom it favours and whom it slips away from.

This book is a wise investment when making your way toward building your wealth or increasing it. After reading books like Rich Dad Poor Dad by Robert Kiyosaki and Tony Robbins’s Money Master the Game: 7 Simple Steps to Financial Freedom, I could already understand where most of their advice comes from and how many wealthy people practise the same financial habits that are in Clason’s book.

It will teach you a lot about how a great desire for wealth can be a good place to start, even when you don’t have much else to begin with. It will also emphasize why you should take advantage of opportunities available to everyone. You will learn how luck favours those who act and those who grab opportunities.

The Richest Man in Babylon is short and featherweight and despite some of its language being rather archaic, it’s still heavily loaded with beneficial advice. Its size and ease also help when you want to go back to its pages for a reminder, to find something that you previously missed or simply to clarify something along your journey to wealth.

Rhonda Byrne lets us in on a little Secret.

Title: The Secret

Author: Rhonda Byrne

You’ve probably heard people like Oprah talk about it, people like Denzel Washington, Steve Harvey, Jim Carrey, Paulo Coelho and many other famous successful people that we can learn a thing or two from. The whole concept of like attracting like, being able to see it in order to be or have it and how we can manifest, or are constantly manifesting things into existence.

The Secret!

This book features twenty-four teachers who talk about the law of attraction, personal experiences and those of other people they’ve met and how we can use this law to benefit us. Some of them are, Lisa Nichols, Bob Proctor, Dr Denis Waitley, Jack Canfield and many other. Now, some people look at this book and say things like, “I don’t believe in this hippie stuff of just visualizing something and it will come into existence,” and quickly dismiss it. I guess it depends on how you read it and what you understand.

What The Secret essentially says is that our thoughts become things, we create what we are and have with what we’re constantly thinking about – both positive and negative. Your predominant thoughts are the magnet that attract things to you. So it advises that if you want positive things like wealth, healthy relationships and good health you have to make sure that the thoughts you keep and your actions are aligned with that which you desire. Some of the teachers stress that you cannot want wealth when you keep contradicting thoughts of poverty. Like attracts like, so you need to be what you seek.

Some people call it a revelation of how to attract miracles into their lives while some call it bullshit. Again, it depends on how you read and understand it. It’s very easy not to figure out the ‘action’ part. In the process of aligning yourself with what you desire, you work towards, you act as though you already have it, behaving in a way you would if you already had it. That’s a crucial part some people miss and therefore take the whole book as ‘close your eyes, imagine something and it will magically appear.’

I’ve read The Secret three times and have found it quite useful in making changes in my personal life. You don’t have to be a sage-smudging, tree-hugging, om-humming and mantra-chanting hippie to understand this book. You only need an open mind because it talks about things that can easily contradict many things that you’ve been taught to believe. I don’t agree with every single thing it says but that’s what happens when you read, you’re allowed to take what you take and leave other things outside. That’s how I enjoyed and used The Secret. I also got to put it to use by not using it as some miracle creating text but rather as a form of guidance.

It will be enjoyed by people who’ve read books like The Alchemist by Paulo Coelho and Think & Grow Rich by Napoleon Hill.

Hill shows us how “our only limitations are those we set up in our own minds” in his widely applauded book – ‘Think and Grow Rich’

This is one of the most praised self-help books I know. It showed up on a lot of my searches for ‘books for entrepreneurs’, ‘books for business owners’, ‘books for creating wealth’ and similar searches. Some of the motivational speakers and life coaches I follow on social media also recommend it, and advise that it be reread in order to gain as much as one can get from it.

I read it and found that it really isn’t a once-off read, you don’t consume it once and throw it back on the shelf, unless you hated it, of course.

Think and Grow Rich stresses that thoughts are things, that we create that which we focus our thoughts on. Do you get the title now? The book contains principles that guide you to grow rich. He begins with our burning desires and how we can translate those into reality. He then goes on to faith and the belief in attaining that which we desire. With auto-suggestion, we can influence our subconscious and he adds that the knowledge and expertise we have will not make us wealthy unless it is all intelligently organized, planned and action is applied.

“There are no limitations to the mind except those we acknowledge. Both poverty and riches are the offspring of thought.” 

― Napoleon Hill

Hill talks about the importance of using the imagination and how to make practical use of it, followed by organised planning and decision making. Other steps that he explains are using persistence in the accumulation of fortune, attaining and applying power and the way that sex can be transmuted into creative effort. The last one’s interpretation might need you to go over it more than once so as to not get the wrong message. The last steps talk about the subconscious mind, the broadcasting and receiving station for thought which we call the brain, and the last one is the sixth sense.

The above thirteen steps are linked in a way that makes perfect sense, but you can also read them individually. Think and Grow Rich is fat with advice and guidance on creating wealth and how to maintain it. It is easy to read and most of the parts are obvious things you’ve probably always known but now you get the benefit of learning the ‘how’ part.

This book can be a turning point for you if you go in with an open mind and a willingness to learn. Try it, keep it and revisit it as often as you need to.

Enjoy. Learn. Grow.