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The Rules by Richard Templar
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. The Rules of Wealth are the guiding principles that will help you generate more money, handle it more wisely, grow it more effectively and know how to use it to live a happier, more fulfilling, more comfortable life. So, if you dream of having enough money never to worry about it ever again, you need the The Rules of Wealth.
240 pages, Paperback
First published October 1, 2006
360 people are currently reading
3416 people want to read
About the author
Richard Templar
213 books727 followersRichard Templar is an astute observer of human behavior and understands what makes the difference between those of us who effortlessly glide towards success and those of us who struggle against the tide. He has distilled these observations into his Rules titles. More than 1 million people around the world have enjoyed and now play by Richard Templar's Rules.
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Displaying 1 - 30 of 148 reviews
May 7, 2019
If you've ever taken a train journey in the United Kingdom, you're probably familiar with Richard Templar's ever-expanding "Rules" series. There's always at least one of these cheesy tomes somewhere within the "bestsellers" section in WHSmith, promising easy answers and quick fixes to this morning's caffeine-addled commuters.
I vaguely remember reading The Rules of Life as a teenager and being unimpressed by it, but when I spotted The Rules of Wealth in my local library the other day, I thought it might be at least worth a skim; I wasn't expecting much, but maybe I'd learn a thing or two that I could apply to my personal finances.
As it turns out, the only smart financial decision I've made in relation to this book was to borrow it from the library, because thank God I didn't pay £10.99 for this garbage.
The Rules of ... books are bestsellers, which makes me wonder who's buying them? Judging by Templar's simplistic writing style (two pages per "rule" i.e. chapter), I can only assume he's targeting an audience who don't generally read books. No wonder that so many of his Rules are so staggeringly obvious - e.g. Rule 61: "Think Long Term" - that if you need to be told them, you're probably illiterate. Rule 40 reminds me to "Spend Less Than You Earn" - yes, it really does take him until the 40th rule to make this point!
Or what about "Rule 57: Use your head"? Gee, Richard, what a profound insight - until now I'd been making financial decisions by getting chimpanzees to pick random stock tips out of a goldfish bowl, so thanks for the reminder that financial intelligence requires me to think. And by the way, doesn't this contradict "Rule 72: Play your hunches"? Not to mention "Rule 103: Know how to choose charities", in which you advise among other things to "trust your gut feelings"? (By the way, that's just about the worst way you could possibly determine which charities to donate to, but unpacking that point would take a book in itself.)
That's hardly the only time Templar contradicts himself. In Rule 41 he says "Don't borrow money - unless you really, really have to", which is actually semi-decent advice. But then just six rules later he tells us: "don't rent, buy", repeating the familiar mantra that it's better to own your home than to rent it. Great, so how am I supposed to buy a house when you just told me that I shouldn't borrow money?
Templar assures us that "a mortgage can actually be viewed as an investment rather than borrowing", a dubious claim to say the least. Multiple studies have shown that house prices generally rise in line with inflation and no more, and that's without considering all the extra money you have to spend on property maintenance, taxes etc.. Even Templar can tell you in Rule 50 that "property, in the long run, will not outpace shares"; yet another self-contradiction.
As for the idea that buying always trumps renting: I'll freely admit, as a renter, that renting poses certain disadvantages compared to buying - but, as anyone who isn't completely brainwashed can tell you, it also comes with a whole host of advantages. It's a matter of trade-offs, and the one-size-fits-all refrain that "renting is for suckers!" is nothing short of toxic. (By the way, The Rules of Wealth was published in 2007, right before the bottom fell out of the global housing market. Meaning anyone who took Templar's advice back then and bought their first home probably regretted the decision not long after. But anyone who takes a book like this seriously deserves what they get.)
A few more rules that deserve honourable mentions:
"Rule 67: Don't answer ads that promise get-rich-quick schemes - it won't be you who gets rich quick" - You mean I shouldn't have transferred my life savings to that Nigerian prince?
"Rule 94: Don't surrender equity" - Oh, so is that why every single famous Silicon Valley success story you can name took some kind of funding deal in which the founders surrendered part of their equity?
"Rule 59: If you are going to get financial advice, pay for it." - No, no, no, no, just no.
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.
I'll leave things with my own rule of wealth, which I adapted from the aforementioned rule 59: if you're going to get advice on money, wealth, life, or in fact anything whatsoever, don't get it from Richard Templar.
I vaguely remember reading The Rules of Life as a teenager and being unimpressed by it, but when I spotted The Rules of Wealth in my local library the other day, I thought it might be at least worth a skim; I wasn't expecting much, but maybe I'd learn a thing or two that I could apply to my personal finances.
As it turns out, the only smart financial decision I've made in relation to this book was to borrow it from the library, because thank God I didn't pay £10.99 for this garbage.
The Rules of ... books are bestsellers, which makes me wonder who's buying them? Judging by Templar's simplistic writing style (two pages per "rule" i.e. chapter), I can only assume he's targeting an audience who don't generally read books. No wonder that so many of his Rules are so staggeringly obvious - e.g. Rule 61: "Think Long Term" - that if you need to be told them, you're probably illiterate. Rule 40 reminds me to "Spend Less Than You Earn" - yes, it really does take him until the 40th rule to make this point!
Or what about "Rule 57: Use your head"? Gee, Richard, what a profound insight - until now I'd been making financial decisions by getting chimpanzees to pick random stock tips out of a goldfish bowl, so thanks for the reminder that financial intelligence requires me to think. And by the way, doesn't this contradict "Rule 72: Play your hunches"? Not to mention "Rule 103: Know how to choose charities", in which you advise among other things to "trust your gut feelings"? (By the way, that's just about the worst way you could possibly determine which charities to donate to, but unpacking that point would take a book in itself.)
That's hardly the only time Templar contradicts himself. In Rule 41 he says "Don't borrow money - unless you really, really have to", which is actually semi-decent advice. But then just six rules later he tells us: "don't rent, buy", repeating the familiar mantra that it's better to own your home than to rent it. Great, so how am I supposed to buy a house when you just told me that I shouldn't borrow money?
Templar assures us that "a mortgage can actually be viewed as an investment rather than borrowing", a dubious claim to say the least. Multiple studies have shown that house prices generally rise in line with inflation and no more, and that's without considering all the extra money you have to spend on property maintenance, taxes etc.. Even Templar can tell you in Rule 50 that "property, in the long run, will not outpace shares"; yet another self-contradiction.
As for the idea that buying always trumps renting: I'll freely admit, as a renter, that renting poses certain disadvantages compared to buying - but, as anyone who isn't completely brainwashed can tell you, it also comes with a whole host of advantages. It's a matter of trade-offs, and the one-size-fits-all refrain that "renting is for suckers!" is nothing short of toxic. (By the way, The Rules of Wealth was published in 2007, right before the bottom fell out of the global housing market. Meaning anyone who took Templar's advice back then and bought their first home probably regretted the decision not long after. But anyone who takes a book like this seriously deserves what they get.)
A few more rules that deserve honourable mentions:
"Rule 67: Don't answer ads that promise get-rich-quick schemes - it won't be you who gets rich quick" - You mean I shouldn't have transferred my life savings to that Nigerian prince?
"Rule 94: Don't surrender equity" - Oh, so is that why every single famous Silicon Valley success story you can name took some kind of funding deal in which the founders surrendered part of their equity?
"Rule 59: If you are going to get financial advice, pay for it." - No, no, no, no, just no.
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.
I'll leave things with my own rule of wealth, which I adapted from the aforementioned rule 59: if you're going to get advice on money, wealth, life, or in fact anything whatsoever, don't get it from Richard Templar.
August 15, 2015
ملخصي من الكتاب:
The rules of wealth:
١- اكتب كل مصاريفك.
٢- اكتب خطتك المالية.
٣- تعامل مع المال كأنها مزرعة ارانب، لو اكلتها كلها لن يبقى لك مايلزم للمزرعه.
٤- لابد ان تمنع تسرب المال من بين يديك.
٥- ادخر نصف مدخولك الشهري كل شهر.
٦- التحكم في الذات والاستمرارية.
٧- لا تشارك من لا تثق فيهم.
٨- لابد العمل بجد حتى تصيب من الثراء ما يغنيك عن الكدح.
٩- ما الذي تمتلكه ويريده الآخرون ؟
١٠- إن الاقتصاد في مشروب الكابتشينو لن يجعل منك غنياً.
١١- أنفق اقل مما تكسب.
١٢- لا تقترض.
١٣- قم بتنمية مهارة معينة وستعود عليك بالنفع دائما.
١٤- لا تجعل وظيفتك تلهيك عن تحقيق الثروة.
١٥- إشتر ولا تستأجر.
١٦- اعمل على ايجاد مصادر جديدة للدخل.
١٧- إسأل نفسك دوماً "ماذا لو! "
١٨- تحكم في رغبات الإنفاق المفاجئة.
١٩- إن المليون الاول هو الصعب !
٢٠- استعن بمن ينصحونك في شؤون المال.
٢١- إستعن بشخص يؤدي العمل الذي لا تجيده.
٢٢- 72 / نسبة الربح. مثلا:
نسبة الربح ٦٪، نقسم 72/6=12 وهذا يعني تحتاج ل ١٢ سنة لتضاعف المبلغ المستثمر.
٢٣- واذا قسمت 72 على عدد السنين ستعرف نسبة الفائدة المطلوبة في الاستثمار. مثال؛
72/5=14.4 على ٥سنوات
٢٤- إعرف سبب ضرورة قراءة بيان الميزانية، وكيف عمل ذلك.
The rules of wealth:
١- اكتب كل مصاريفك.
٢- اكتب خطتك المالية.
٣- تعامل مع المال كأنها مزرعة ارانب، لو اكلتها كلها لن يبقى لك مايلزم للمزرعه.
٤- لابد ان تمنع تسرب المال من بين يديك.
٥- ادخر نصف مدخولك الشهري كل شهر.
٦- التحكم في الذات والاستمرارية.
٧- لا تشارك من لا تثق فيهم.
٨- لابد العمل بجد حتى تصيب من الثراء ما يغنيك عن الكدح.
٩- ما الذي تمتلكه ويريده الآخرون ؟
١٠- إن الاقتصاد في مشروب الكابتشينو لن يجعل منك غنياً.
١١- أنفق اقل مما تكسب.
١٢- لا تقترض.
١٣- قم بتنمية مهارة معينة وستعود عليك بالنفع دائما.
١٤- لا تجعل وظيفتك تلهيك عن تحقيق الثروة.
١٥- إشتر ولا تستأجر.
١٦- اعمل على ايجاد مصادر جديدة للدخل.
١٧- إسأل نفسك دوماً "ماذا لو! "
١٨- تحكم في رغبات الإنفاق المفاجئة.
١٩- إن المليون الاول هو الصعب !
٢٠- استعن بمن ينصحونك في شؤون المال.
٢١- إستعن بشخص يؤدي العمل الذي لا تجيده.
٢٢- 72 / نسبة الربح. مثلا:
نسبة الربح ٦٪، نقسم 72/6=12 وهذا يعني تحتاج ل ١٢ سنة لتضاعف المبلغ المستثمر.
٢٣- واذا قسمت 72 على عدد السنين ستعرف نسبة الفائدة المطلوبة في الاستثمار. مثال؛
72/5=14.4 على ٥سنوات
٢٤- إعرف سبب ضرورة قراءة بيان الميزانية، وكيف عمل ذلك.
March 14, 2016
الكتاب مقسم ل 5 اجزاء:
-القواعد من 1-18 كيف يفكر الاثرياء 5/5
-القواعد من 19 - 62 تحقيق الثروة 5/5
-القواعد من 63-79 كن اكثر ثراء 4/5
-القواعد من 80-88 الاحتفاظ بالثروة 3/5
-القواعد من 89-100 مشاركة الاخرين ب جزء من ثروتك 2/5
==================================== 19/25= 3.8
و الاقرب من وجهة نظرى 3 نجوم 5 لعدم اهتمامى ب اخر قسمين من الكتاب
كل قسم من تلك الاقسام فى كتب "الثروة" هو عنوان منفرد ل عدة كتب
اعتقد ان سبب رؤية بعض الناس لهذه النوعية من الكتب ب عديمة او قليلة الاهمية هو كونهم الفئة الغير موجه لها الكتاب ... ف الكتاب بالتاكيد غير موجه ل طلبة ثانوى او الجامعة او حتى حديث التخرج او الشاب فى مقتبل حياته العملية و انما يخاطب شخص متزوج ولديه اسرة و دخل ثابت اودخل و يمر ب مرحلة منتصف العمر و حاول كسب المال و تنميته و استثماره ...لذلك فعندما تقرؤه الفئةالغير موجه لها من الاساس تشعر بعدم تحقق الشروط او القواعد عليهم ....و بالتالى يفقدوا اهتمامهم فى الكتاب
كان جل اهتمامى فى هذا الكتاب و فى كل الكتب المشابهة هو المراحل الاولية ...التأهيل النفسى "كيف يفكر الاثرياء" 5/5و الخطوات العملية الاولية ل"تحقيق الثراء" 5/5...و اقل ب قليل نصائح حول كيفية الاستمرار فى صنع الثروة "كن اكثر ثراء"
4/5
الكتاب القادم : the millionaire next door
-القواعد من 1-18 كيف يفكر الاثرياء 5/5
-القواعد من 19 - 62 تحقيق الثروة 5/5
-القواعد من 63-79 كن اكثر ثراء 4/5
-القواعد من 80-88 الاحتفاظ بالثروة 3/5
-القواعد من 89-100 مشاركة الاخرين ب جزء من ثروتك 2/5
==================================== 19/25= 3.8
و الاقرب من وجهة نظرى 3 نجوم 5 لعدم اهتمامى ب اخر قسمين من الكتاب
كل قسم من تلك الاقسام فى كتب "الثروة" هو عنوان منفرد ل عدة كتب
اعتقد ان سبب رؤية بعض الناس لهذه النوعية من الكتب ب عديمة او قليلة الاهمية هو كونهم الفئة الغير موجه لها الكتاب ... ف الكتاب بالتاكيد غير موجه ل طلبة ثانوى او الجامعة او حتى حديث التخرج او الشاب فى مقتبل حياته العملية و انما يخاطب شخص متزوج ولديه اسرة و دخل ثابت اودخل و يمر ب مرحلة منتصف العمر و حاول كسب المال و تنميته و استثماره ...لذلك فعندما تقرؤه الفئةالغير موجه لها من الاساس تشعر بعدم تحقق الشروط او القواعد عليهم ....و بالتالى يفقدوا اهتمامهم فى الكتاب
كان جل اهتمامى فى هذا الكتاب و فى كل الكتب المشابهة هو المراحل الاولية ...التأهيل النفسى "كيف يفكر الاثرياء" 5/5و الخطوات العملية الاولية ل"تحقيق الثراء" 5/5...و اقل ب قليل نصائح حول كيفية الاستمرار فى صنع الثروة "كن اكثر ثراء"
4/5
الكتاب القادم : the millionaire next door
October 26, 2024
A nice book that changed the way I treat money.
February 4, 2016
Esperaba más de este libro. Me llamó mucho la atención, porque pensé que me aportaría muchas cosas de forma explícita y concreta. Y bueno, claro que me aportó, pero no tanto como esperaba, sabía que habría reglas que ya conozco, y no fueron tantas, admito.
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.
Algunas de las anécdotas que contiene son entretenidas y algunas no. Usé mucho fast-reading sobre todo en las reglas cuyo mero título bastaba para entender, sin tener que aventarte toda la explicación.
Lo recomiendo si de plano no tienes ni idea sobre finanzas personales en el sentido filosófico o idealista, porque, de eso se trata este libro. No de fórmulas o conceptos complejos por entender, sino sobre qué significa el dinero y el valor y a dónde quiero que esto me lleve.
Para personas que quieran comenzar a ser financieramente responsables: librazo.
Para quienes ya podemos decir que somos responsables y podemos proyectar al menos unos 12 meses de finanzas sin problemas: Algo aburrido.
Para quienes están por encima de todos nosotros, los descritos anteriormente: Nope.
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.
Algunas de las anécdotas que contiene son entretenidas y algunas no. Usé mucho fast-reading sobre todo en las reglas cuyo mero título bastaba para entender, sin tener que aventarte toda la explicación.
Lo recomiendo si de plano no tienes ni idea sobre finanzas personales en el sentido filosófico o idealista, porque, de eso se trata este libro. No de fórmulas o conceptos complejos por entender, sino sobre qué significa el dinero y el valor y a dónde quiero que esto me lleve.
Para personas que quieran comenzar a ser financieramente responsables: librazo.
Para quienes ya podemos decir que somos responsables y podemos proyectar al menos unos 12 meses de finanzas sin problemas: Algo aburrido.
Para quienes están por encima de todos nosotros, los descritos anteriormente: Nope.
April 16, 2013
I was expecting something rather more lightweight in subject matter, and perhaps more spiritual than material.
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.
I was often struck by how the author seems to have no sense that if some people are fantastically wealthy (living off the interest off the interest off the interest off the interest), then quite a large number of people in this world are, conversely, fantastically poor.
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.
I was often struck by how the author seems to have no sense that if some people are fantastically wealthy (living off the interest off the interest off the interest off the interest), then quite a large number of people in this world are, conversely, fantastically poor.
May 6, 2018
Finally i’ve finished this book.
This book is contains tips and rules how to get you rich even though you’re a employee.
It gives you another insight about how to save or make your money works for you so we can have a pension with our lifestyle right now.
This book is contains tips and rules how to get you rich even though you’re a employee.
It gives you another insight about how to save or make your money works for you so we can have a pension with our lifestyle right now.
March 12, 2015
كتاب كأرض وجد فيها الذهب والتراب، شيء ثمين وشيء آخر عبارة عن حشو كلام، مع رداءة الكتب المعربة، لكن لا أنكر أنني استفدت منه
October 28, 2012
http://pebbleinthestillwaters.blogspo...
http://booksmakelife.blogspot.in/2011...
The Rules of Wealth - Richard Templar: ||~~A~Personal~Code~for~Prosperity~~||
The Book: The book is from the international bestselling author of “The Rules of Life”. An imprint of Pearson Education (Prentice Hall) with a category that says – “Books that make you better”, that makes you to be better, do better, feel better. The Indian print costs Rs. 225/-.
The Book, Pages and me: The book goes in a smooth way and demonstrates (rather than educating) how to become rich. First step is to “Thinking Wealthy”. Next is “Getting Wealthy”, after that is “Get even wealthier”. Next step is “Staying Wealthy” and last is “Sharing Wealth”. The writer says anybody can make money – it is not selective or discriminatory. Money has no religion, no cast and no country. It has actually no bars, and belongs to no one. It is yours as long as you are holding it. Moment you release it, its owner changes.
Second Chapter says “Decide on your definition of Wealth” – have you ever tried thinking about what you think of WEALTH. Take a pen or pencil, and a blank sheet (or alternatively open word/ notepad in your computer) and try writing your definition of WEALTH. Note how clearly you are able to jot it down. You will be amazed that you are not clear in your mind about the right definition of WEALTH. How often you think about wealth. Will you try one more thing – write down on the same page your objectives of WEALTH. What you have or where you reach and you will call yourself WEALTHY. Was it difficult or easy, clear or required lot of thinking, probably it will become an eye opener for yourself how you define wealth and on what criteria you will call yourself wealthy.
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.
Understand your money beliefs and where they come from – author has given many categories and tells you to find out to which category you belong to – and ultimately tells you to come out of all those categories.
Understand that wealth is a consequence, no a reward- when you work hard to earn money and you earn it, don’t get so humble to accept it as a lottery or reward, acknowledge is a consequence of your hard work, smart work, and intelligent work. See wealth as a friend, not the enemy.
Decide what you want money for. Understand that money begets money – and that is true – the richer becomes richer and the poorer becomes poorer. That is the law of Wealth. If you see money as a solution, you’ll find it becomes the problem. Never for god sake think money as a solution to your problems, it will create more problems for you. If money was the solution – there would be no wealthy ill/sick person on this earth.
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.
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.
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.
Know how the wealthy think: Notice which paper they read, which sections they chose to read, which sections they discard, in which order they read their chosen sections. You may have to choose – MONEY or FRIVOLITY.
Don’t envy what others have – Envying then is pointless, learning from them is invaluable.
It is harder to manage yourself than it is to manage your money – The first thing to understand about yourself is – DO YOU HAVE WHAT IT TAKES TO BE WEALTHY?
This all is covered in THINKING WEALTHY.
GETTING WEALTHY
You have got to know where you are before you start
You have got to have a plan
Get your finances under control
Only by looking wealthy can you become wealthy – You need to look powerful and confident
If you don’t trust someone, don’t do business with them. Listen to your intuition, be the BIGGEST, BOLDEST AND BRAVEST
It’s never too late to start getting wealthy – it is also never too late to start investing – in shares, in a pension, in style, in quality, IN YOURSELF, IN LIFE.
Overall:
1. It is easy to read, difficult to understand. All difficult to understand books are not for everyone. Everyone need not be wealthy.
2. It is a journey, not a destination.
3. Author very clearly says in the beginning – note down on a paper your goals or objectives of your WEALTH and at the end of the book check for yourself if you have achieved them or not
4. READING THIS BOOK requires a transformation within – in your thinking, in your style, in your goals.
5. I found the different between RICH and WEALTH after reading this book.
http://booksmakelife.blogspot.in/2011...
The Rules of Wealth - Richard Templar: ||~~A~Personal~Code~for~Prosperity~~||
The Book: The book is from the international bestselling author of “The Rules of Life”. An imprint of Pearson Education (Prentice Hall) with a category that says – “Books that make you better”, that makes you to be better, do better, feel better. The Indian print costs Rs. 225/-.
The Book, Pages and me: The book goes in a smooth way and demonstrates (rather than educating) how to become rich. First step is to “Thinking Wealthy”. Next is “Getting Wealthy”, after that is “Get even wealthier”. Next step is “Staying Wealthy” and last is “Sharing Wealth”. The writer says anybody can make money – it is not selective or discriminatory. Money has no religion, no cast and no country. It has actually no bars, and belongs to no one. It is yours as long as you are holding it. Moment you release it, its owner changes.
Second Chapter says “Decide on your definition of Wealth” – have you ever tried thinking about what you think of WEALTH. Take a pen or pencil, and a blank sheet (or alternatively open word/ notepad in your computer) and try writing your definition of WEALTH. Note how clearly you are able to jot it down. You will be amazed that you are not clear in your mind about the right definition of WEALTH. How often you think about wealth. Will you try one more thing – write down on the same page your objectives of WEALTH. What you have or where you reach and you will call yourself WEALTHY. Was it difficult or easy, clear or required lot of thinking, probably it will become an eye opener for yourself how you define wealth and on what criteria you will call yourself wealthy.
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.
Understand your money beliefs and where they come from – author has given many categories and tells you to find out to which category you belong to – and ultimately tells you to come out of all those categories.
Understand that wealth is a consequence, no a reward- when you work hard to earn money and you earn it, don’t get so humble to accept it as a lottery or reward, acknowledge is a consequence of your hard work, smart work, and intelligent work. See wealth as a friend, not the enemy.
Decide what you want money for. Understand that money begets money – and that is true – the richer becomes richer and the poorer becomes poorer. That is the law of Wealth. If you see money as a solution, you’ll find it becomes the problem. Never for god sake think money as a solution to your problems, it will create more problems for you. If money was the solution – there would be no wealthy ill/sick person on this earth.
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.
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.
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.
Know how the wealthy think: Notice which paper they read, which sections they chose to read, which sections they discard, in which order they read their chosen sections. You may have to choose – MONEY or FRIVOLITY.
Don’t envy what others have – Envying then is pointless, learning from them is invaluable.
It is harder to manage yourself than it is to manage your money – The first thing to understand about yourself is – DO YOU HAVE WHAT IT TAKES TO BE WEALTHY?
This all is covered in THINKING WEALTHY.
GETTING WEALTHY
You have got to know where you are before you start
You have got to have a plan
Get your finances under control
Only by looking wealthy can you become wealthy – You need to look powerful and confident
If you don’t trust someone, don’t do business with them. Listen to your intuition, be the BIGGEST, BOLDEST AND BRAVEST
It’s never too late to start getting wealthy – it is also never too late to start investing – in shares, in a pension, in style, in quality, IN YOURSELF, IN LIFE.
Overall:
1. It is easy to read, difficult to understand. All difficult to understand books are not for everyone. Everyone need not be wealthy.
2. It is a journey, not a destination.
3. Author very clearly says in the beginning – note down on a paper your goals or objectives of your WEALTH and at the end of the book check for yourself if you have achieved them or not
4. READING THIS BOOK requires a transformation within – in your thinking, in your style, in your goals.
5. I found the different between RICH and WEALTH after reading this book.
February 26, 2023
ปิดประตูใส่หน้าความจน - เล่มนี้ฟังแบบหนังสือเสียงฉบับแปลภาษาไทยผ่าน TK read อีกเช่นเคย
ด้วยความที่ทำเป็นกฏข้อย่อย ๆ รวมถึง 107 บท ดังนั้นไม่น่าแปลกใจที่บางกฏจะรู้สึกว้าวและโดนใจ แต่บางกฏรู้สึกแปลกแถมยังขัดแย้งกับกฏข้ออื่น ๆ เสียนี่ ยังไม่นับเรื่องความค่อนข้าง conservative ของเนื้อหาภาพรวม อาจเป็นเพราะแต่งไว้นานแล้วก็เป็นได้
โดยภาพรวมถือว่าฟังเพลิน ๆ ดีค่ะ
ด้วยความที่ทำเป็นกฏข้อย่อย ๆ รวมถึง 107 บท ดังนั้นไม่น่าแปลกใจที่บางกฏจะรู้สึกว้าวและโดนใจ แต่บางกฏรู้สึกแปลกแถมยังขัดแย้งกับกฏข้ออื่น ๆ เสียนี่ ยังไม่นับเรื่องความค่อนข้าง conservative ของเนื้อหาภาพรวม อาจเป็นเพราะแต่งไว้นานแล้วก็เป็นได้
โดยภาพรวมถือว่าฟังเพลิน ๆ ดีค่ะ
March 29, 2017
Recommended. If you looking to increase your financial awareness.
June 5, 2021
This was one of my first financial book during my younger years. I searched for some reasons why I did not read this book until more than a decade later. I get it now and the result was rather appalling.
This book shares the basic fundamental of instilling wealthy mindset, building wealth and maintaining them and shares these rules in snippets of 2 to 3 pages. As simple as it may be, its content not proven worthwhile when it comes to wealth education.
Why so? Because Mr Templar decided not to share with us everything. This was very much a book about WHAT we need to do, not HOW. If you are looking for a book that teaches you, this is obviously not what you are looking for. The whole book is pretty informational and just overly basic to its core. There is nothing you can't find online these days that Mr Templar has not shared. This book gave snippets of what you would have known if you do enough research on your own. If this book were to cross reference you to any other articles then it didn't serve much purpose. Perhaps there are some biases in me from my experience reading financial books that were more generous with their contents. Yet, when I decided to purchase this book, I would expect some value to what I read and I did not receive the value that's worth the price.
Maybe one may say this book was meant for beginners. Yes, one can agree the content was easy to understand. But it doesn't help a beginner to get started except to tell you what you are supposed to do and not how to do it. As a beginner, you may get lost in between 2 forks of path not knowing where or how to begin. It made matters worst when Mr Templar decided to give you a hint on wealth building and told you right in your face he was NOT going to tell you how to do it. For example, he wanted you to understand compound interest but he was not going to tell you what it meant or how to go there. It felt like a swimming coach explaining a core importance of swim stroke but not showing you how to swim. Maybe his role is not a coach, just a senior swimmer who sit by the bench. But why would you write a book by showing just half of everything? Perhaps it would be less insulting not to tell readers that you were not going to share what you know because it felt like a slap in my face. I started having doubt if he did practice what he preached or is he just a bystander sharing things he heard or did somewhere.
I need to reiterate that this is not a How To book and the title was misleading. If you are someone who has zero clue about finance or wealth maybe this is for you. If you already have the basic or even good fundamentals, skip this book altogether.
This book shares the basic fundamental of instilling wealthy mindset, building wealth and maintaining them and shares these rules in snippets of 2 to 3 pages. As simple as it may be, its content not proven worthwhile when it comes to wealth education.
Why so? Because Mr Templar decided not to share with us everything. This was very much a book about WHAT we need to do, not HOW. If you are looking for a book that teaches you, this is obviously not what you are looking for. The whole book is pretty informational and just overly basic to its core. There is nothing you can't find online these days that Mr Templar has not shared. This book gave snippets of what you would have known if you do enough research on your own. If this book were to cross reference you to any other articles then it didn't serve much purpose. Perhaps there are some biases in me from my experience reading financial books that were more generous with their contents. Yet, when I decided to purchase this book, I would expect some value to what I read and I did not receive the value that's worth the price.
Maybe one may say this book was meant for beginners. Yes, one can agree the content was easy to understand. But it doesn't help a beginner to get started except to tell you what you are supposed to do and not how to do it. As a beginner, you may get lost in between 2 forks of path not knowing where or how to begin. It made matters worst when Mr Templar decided to give you a hint on wealth building and told you right in your face he was NOT going to tell you how to do it. For example, he wanted you to understand compound interest but he was not going to tell you what it meant or how to go there. It felt like a swimming coach explaining a core importance of swim stroke but not showing you how to swim. Maybe his role is not a coach, just a senior swimmer who sit by the bench. But why would you write a book by showing just half of everything? Perhaps it would be less insulting not to tell readers that you were not going to share what you know because it felt like a slap in my face. I started having doubt if he did practice what he preached or is he just a bystander sharing things he heard or did somewhere.
I need to reiterate that this is not a How To book and the title was misleading. If you are someone who has zero clue about finance or wealth maybe this is for you. If you already have the basic or even good fundamentals, skip this book altogether.
January 10, 2022
More common sense presented in Richard Templar's inimitable style. A very helpful book. Not 5 stars for me for two reasons: First, it feels a little repetitive; 80 or so rules would have sufficed. (That said, sometimes I do need to hear the same thing more than once to actually do something about it!) Second, I'm not persuaded by Richard's argument that you have to work all hours to become successful. I follow Brooke Castillo and Tim Ferris, both of whom argue that there isn't necessarily a relationship between hours worked and value created.
January 11, 2022
تكلم ريتشارد تمبلر عن ١٠٠ قاعدة لتحقيق الثروة.
كتب رائع يحث على رفع سقف طموحاتك والعمل بجد ووضح خطه واستراتيجية، دعى للمثابرة والتعلم وامتلاك مهارات تعينك على الكسب، حث على الاستثمار في الاسهم او العقار، لكي تكون ثرياً لابد أن تدخر من دخلك وتعيد استماره لاحقاً، لا تسمح لأحد أن يعيق طموحاتك او أن يحدد ماستكسبه، عليك إيجاد الطرق المشروع في الكسب والابتعاد عن المغامره او طرق الكسب الملتويه، لا تشارك في عملك التجاري اي شخص لا تثق فيه، لا تقرض أقاربك از أصدقائك الا اذا كنت متوقع ومتقبل عدم استرجاعه
كتب رائع يحث على رفع سقف طموحاتك والعمل بجد ووضح خطه واستراتيجية، دعى للمثابرة والتعلم وامتلاك مهارات تعينك على الكسب، حث على الاستثمار في الاسهم او العقار، لكي تكون ثرياً لابد أن تدخر من دخلك وتعيد استماره لاحقاً، لا تسمح لأحد أن يعيق طموحاتك او أن يحدد ماستكسبه، عليك إيجاد الطرق المشروع في الكسب والابتعاد عن المغامره او طرق الكسب الملتويه، لا تشارك في عملك التجاري اي شخص لا تثق فيه، لا تقرض أقاربك از أصدقائك الا اذا كنت متوقع ومتقبل عدم استرجاعه
September 12, 2021
I read this book in 1 day - yes that's how interesting it was. Granted, many things mentioned in there I already knew but this book makes the srt of building wealth as simple as possible. No technical jargon, no BS.
January 16, 2022
Money can’t buy you love or happiness. Although it can buy a good deal of pleasure and plenty of other things as well as being able to remove a lot of unhappiness. Money on it’s own is clearly not wealth, although in this book wealth and money are pretty much synonymous.
This author likes lists, the book is in fact just a large list, with 107 about managing your money then nine about managing other people’s money.
These are the ten things which people most seem to want to spend their money on:
1. Security. A home of your own and enough money in the bank to support you in the way you want, plus a bit in hand for emergencies, and a big enough pension to ensure a comfortable retirement.
2. Comfort.
3. Luxuries.
4. Mobility. Ideally first-class travel.
5. Status. Prestigious invitations, access to important people and exclusive clubs.
6. Influence. As a generous donor of substantial sums, you can make sure that your views are taken seriously.
7. Freedom. Not being dependent on employers, bosses, creditors, clients, customers. Not being a slave to the calendar, diary or clock.
8. Leisure. Time to do the things you want, go where you want, meet who you want, when you want.
9. Popularity. Being able to entertain friends, acquaintances and contacts frequently and generously, which does wonders for your social life.
10. Philanthropy. Being able to make regular and substantial donations, which gives you the satisfaction of helping people, supporting organizations and furthering causes you believe in.
Think wealthy, get wealthy then get even wealthier. To do this it is important to carry out regular financial health checks. It is important to remember forgetting a debt doesn’t pay it!
Need to actually think through your finances and plan this. If you see money as the solution it becomes the problem. If you put aside more than you need the left overs become the savings.
Watch how someone read their newspaper – which paper select and which sections do you read first. If you want to make money aim for the more serious paper and read money and business sections first.
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.
How we think about wealth might be holding us back from having wealth. If, in our heart, we believe
(even subconsciously) that money is a bad thing and having lots and lots of it is a really bad thing, then chances are we might be undermining our own efforts, unwittingly, to get lots of it.
The more effort you are prepared to put into making money the more you will get. Aim to achieve a simple system that works for you saving a certain percentage of your income. Obtain this percentage by thinking through your possible needs and changes that will occur.
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.
Make your finance decisions wisely, be sensible with considered thought. Then take action and get on with investing.
Think long term, gaining wealth is a slow process. If you get it all quickly you have no time to acquire experience and sense. Too quickly and it’ll be all ‘spend, spend, spend’. Wealth happens slowly over a period of time, when you turn surplus cash into something that will work for you.
Don't borrow money unless you really have to.
Keep working harder than anyone around you, only at the very end is enough is enough and it is time to start giving it away - not when starting out and achieving some success.
See others as the people they are, not for how much money they have. Money can change a few people for the worse, but so can fame or kids or promotion or drugs. Most people are just themselves, whether they happen to have loads or nothing at all. So try to see others for who they are and not for what they have.
Take action with your money. Think like a samurai – they lived by a simple creed – no hesitation, no doubt, no surprise, no fear. Once you have decided on a course of action (or battle or combat) then
be committed; know everything you need to know about it, don’t be afraid and get on with it as quickly as possible.
VLOG summary: https://youtu.be/LN5Aahyxn80
This author likes lists, the book is in fact just a large list, with 107 about managing your money then nine about managing other people’s money.
These are the ten things which people most seem to want to spend their money on:
1. Security. A home of your own and enough money in the bank to support you in the way you want, plus a bit in hand for emergencies, and a big enough pension to ensure a comfortable retirement.
2. Comfort.
3. Luxuries.
4. Mobility. Ideally first-class travel.
5. Status. Prestigious invitations, access to important people and exclusive clubs.
6. Influence. As a generous donor of substantial sums, you can make sure that your views are taken seriously.
7. Freedom. Not being dependent on employers, bosses, creditors, clients, customers. Not being a slave to the calendar, diary or clock.
8. Leisure. Time to do the things you want, go where you want, meet who you want, when you want.
9. Popularity. Being able to entertain friends, acquaintances and contacts frequently and generously, which does wonders for your social life.
10. Philanthropy. Being able to make regular and substantial donations, which gives you the satisfaction of helping people, supporting organizations and furthering causes you believe in.
Think wealthy, get wealthy then get even wealthier. To do this it is important to carry out regular financial health checks. It is important to remember forgetting a debt doesn’t pay it!
Need to actually think through your finances and plan this. If you see money as the solution it becomes the problem. If you put aside more than you need the left overs become the savings.
Watch how someone read their newspaper – which paper select and which sections do you read first. If you want to make money aim for the more serious paper and read money and business sections first.
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.
How we think about wealth might be holding us back from having wealth. If, in our heart, we believe
(even subconsciously) that money is a bad thing and having lots and lots of it is a really bad thing, then chances are we might be undermining our own efforts, unwittingly, to get lots of it.
The more effort you are prepared to put into making money the more you will get. Aim to achieve a simple system that works for you saving a certain percentage of your income. Obtain this percentage by thinking through your possible needs and changes that will occur.
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.
Make your finance decisions wisely, be sensible with considered thought. Then take action and get on with investing.
Think long term, gaining wealth is a slow process. If you get it all quickly you have no time to acquire experience and sense. Too quickly and it’ll be all ‘spend, spend, spend’. Wealth happens slowly over a period of time, when you turn surplus cash into something that will work for you.
Don't borrow money unless you really have to.
Keep working harder than anyone around you, only at the very end is enough is enough and it is time to start giving it away - not when starting out and achieving some success.
See others as the people they are, not for how much money they have. Money can change a few people for the worse, but so can fame or kids or promotion or drugs. Most people are just themselves, whether they happen to have loads or nothing at all. So try to see others for who they are and not for what they have.
Take action with your money. Think like a samurai – they lived by a simple creed – no hesitation, no doubt, no surprise, no fear. Once you have decided on a course of action (or battle or combat) then
be committed; know everything you need to know about it, don’t be afraid and get on with it as quickly as possible.
VLOG summary: https://youtu.be/LN5Aahyxn80
This entire review has been hidden because of spoilers.
July 25, 2019
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).
The reason for me not giving a 5-star is that I was looking for something. I was looking for a rule that one has to incorporate the value of mental grit and mental fortitude. It is in this values wherein the wealthy people value their money so much that they treat every single cent they have is the fruits of their labor and this are the wealthy people who knows how to feel that they have nothing in their past life stage. And I was looking for a rule on what this kind of wealthy people imbibe in theirselves.
Overall, it was a good read. This is the type of book that anyone can reread to re-evaluate on their path to achieving success wealth-wise.
Rules to imbibe:
Rule 4 - Keep it under your hat
Rule 17 - Don't envy what other's have.,
Rule 22- Only by looking wealthy can you become wealthy
Rule 26 - It's never to late to start getting wealthy
Rule 34 - Don't waste time procrastinating
Rule 41 - Don't be too busy earning a living to make some money
Rule 43 - Don't rent, buy
Rule 48 - Don't believe you can always win
Rule 53 - Don't fiddle
Rule 54 - Think long term
Rule 57 - Create new income streams
Rule 58 - Learn to play 'What if?'
Rule 59 - Control spending impulses
Rule 62 - Don't just read this, do something
Rule 64 - Get some money mentors
Rule 67 - Get someone to do stuff you can't
Rule 72 - Make your money work for you
Rule 78 - Don't ever believe you're only worth what your are being paid
Rule 79 - Don't follow the same route as everyone else
Rule 80 - Shop for quality
Rule 88 - Know when to stop
Rule 89 - Use your wealth wisely
Rule 94 - Find ways to give people money without them feeling they are in your debt
Rule 96 - Know how to choose charities/good causes
Key takeaways from the book:
“You have to speculate to accumulate”
“You have to make allowances for differing circumstances.”
“You have to put the effort in before you reap the dividends”
“Escaping from the poverty cycle and the penury mindset is your key to success, your path to prosperity.”
“The Samurai lived by a simple creed - no hesitation, no doubt, no surprise, no fear. It is simply the most brilliant strategy for doing anything.”
“If you do work for a living and don’t confidently expect that job to make you rich, then you must be doing it for love, mustn’t you? No, this is a trick question. It is about prioritizing our ambitions. If we go to work solely for money it makes sense to earn as much as we can, as we want.”
“selling is the bedrock upon which every fortune is built.”
“The reason to be very cautious in your dealings with bookies, barristers, accountants,
And such like is that they have knowledge that you don’t. They are holders of secrets that can enable them (if they choose) to make money out of you purely because of your ignorance.”
“Thinking long-term is a bit like thinking in very fast motion while the rest of the world moves incredibly slowly around you.”
“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.”
“So redouble your efforts. Rekindle the enthusiasm. Relight the fires of desire and let’s get back to work.”
“Simple. Pick really good people, and let them get on the job of making you really prosperous.”
“No asset is beautiful unless it is working for you - it has to be accumulating, increasing in value, to be worth keeping.”
“If you think you are always worth more, it makes you restless, ambitious, keen to get on. If you accept what is offered and never question it, then it makes you complacent and you’ll get taken for granted.”
The reason for me not giving a 5-star is that I was looking for something. I was looking for a rule that one has to incorporate the value of mental grit and mental fortitude. It is in this values wherein the wealthy people value their money so much that they treat every single cent they have is the fruits of their labor and this are the wealthy people who knows how to feel that they have nothing in their past life stage. And I was looking for a rule on what this kind of wealthy people imbibe in theirselves.
Overall, it was a good read. This is the type of book that anyone can reread to re-evaluate on their path to achieving success wealth-wise.
Rules to imbibe:
Rule 4 - Keep it under your hat
Rule 17 - Don't envy what other's have.,
Rule 22- Only by looking wealthy can you become wealthy
Rule 26 - It's never to late to start getting wealthy
Rule 34 - Don't waste time procrastinating
Rule 41 - Don't be too busy earning a living to make some money
Rule 43 - Don't rent, buy
Rule 48 - Don't believe you can always win
Rule 53 - Don't fiddle
Rule 54 - Think long term
Rule 57 - Create new income streams
Rule 58 - Learn to play 'What if?'
Rule 59 - Control spending impulses
Rule 62 - Don't just read this, do something
Rule 64 - Get some money mentors
Rule 67 - Get someone to do stuff you can't
Rule 72 - Make your money work for you
Rule 78 - Don't ever believe you're only worth what your are being paid
Rule 79 - Don't follow the same route as everyone else
Rule 80 - Shop for quality
Rule 88 - Know when to stop
Rule 89 - Use your wealth wisely
Rule 94 - Find ways to give people money without them feeling they are in your debt
Rule 96 - Know how to choose charities/good causes
Key takeaways from the book:
“You have to speculate to accumulate”
“You have to make allowances for differing circumstances.”
“You have to put the effort in before you reap the dividends”
“Escaping from the poverty cycle and the penury mindset is your key to success, your path to prosperity.”
“The Samurai lived by a simple creed - no hesitation, no doubt, no surprise, no fear. It is simply the most brilliant strategy for doing anything.”
“If you do work for a living and don’t confidently expect that job to make you rich, then you must be doing it for love, mustn’t you? No, this is a trick question. It is about prioritizing our ambitions. If we go to work solely for money it makes sense to earn as much as we can, as we want.”
“selling is the bedrock upon which every fortune is built.”
“The reason to be very cautious in your dealings with bookies, barristers, accountants,
And such like is that they have knowledge that you don’t. They are holders of secrets that can enable them (if they choose) to make money out of you purely because of your ignorance.”
“Thinking long-term is a bit like thinking in very fast motion while the rest of the world moves incredibly slowly around you.”
“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.”
“So redouble your efforts. Rekindle the enthusiasm. Relight the fires of desire and let’s get back to work.”
“Simple. Pick really good people, and let them get on the job of making you really prosperous.”
“No asset is beautiful unless it is working for you - it has to be accumulating, increasing in value, to be worth keeping.”
“If you think you are always worth more, it makes you restless, ambitious, keen to get on. If you accept what is offered and never question it, then it makes you complacent and you’ll get taken for granted.”
This entire review has been hidden because of spoilers.
June 17, 2020
Having read through this book over the space of a couple of days, I can say that if you've never taken an interest in personal finances and find money to be a taboo subject, this book might have something to offer. Having said that, the majority of people who end up reading this book probably don't fit that description and in that case, prepare to be underwhelmed.
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 appears to have been inspired by a few solid ideas on what money advice Templar might want to pass on his (or other people's) children, but which needed to be packaged in the form of a book that looks good on the store shelf. The result is a lot of repetition (he might describe it as nuance), generic advice with plenty of hedges and the requisite pitch for his other books. The reason I say he appears to be writing for his or other children, is that he quite often appears to be speaking down to the reader, taking on the confident / arrogant tone of an authority, who feels that it's more important to ensure they come across as authoritative than to focus on the message being delivered.
One of the best pieces of money advice I've ever heard is to learn how to live within the means of your first job and to maintain that lifestyle as you get older and earn more, making sure to put any extra earnings to use elsewhere. Now, I didn't hear or heed that advice back when I was a student but I heard it a few years ago and feel that without taking it absolutely literally, it serves as pretty much the only rule you need to be financially responsible, while also being able to enjoy the fruits of your labour.
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 appears to have been inspired by a few solid ideas on what money advice Templar might want to pass on his (or other people's) children, but which needed to be packaged in the form of a book that looks good on the store shelf. The result is a lot of repetition (he might describe it as nuance), generic advice with plenty of hedges and the requisite pitch for his other books. The reason I say he appears to be writing for his or other children, is that he quite often appears to be speaking down to the reader, taking on the confident / arrogant tone of an authority, who feels that it's more important to ensure they come across as authoritative than to focus on the message being delivered.
One of the best pieces of money advice I've ever heard is to learn how to live within the means of your first job and to maintain that lifestyle as you get older and earn more, making sure to put any extra earnings to use elsewhere. Now, I didn't hear or heed that advice back when I was a student but I heard it a few years ago and feel that without taking it absolutely literally, it serves as pretty much the only rule you need to be financially responsible, while also being able to enjoy the fruits of your labour.
December 24, 2021
Những quy tắc để giàu có
Sách có 395 trang tương đương với 6 phần: 5 phần đầu tương đương 100 quy tắc theo chủ đề: Tư duy, trở nên giàu có, giàu hơn, duy trì giàu có & chia sẻ sự giàu có, phần 6 là phần bổ sung thêm hơn 9 quy tắc.
Sách phù hợp để đọc nhâm nhi mỗi ngày một ít & áp dụng thực hành luôn, chứ không hợp để ngồi đọc một phát hết luôn từ đầu đến cuối, vì hơn 100 rule khá là nhiều kiến thức nhỏ.
Mình thấy sách phù hợp với những bạn mới bắt đầu đọc sách về tiền & tài chính vì hầu như toàn những điều cơ bản.
Mỗi rule viết khá ngắn gọn khoảng 1,2 trang giấy, sau đó lại được tổng hợp lại bằng một trang có chữ to nổi. Nhưng không vì thế mà chúng ta bỏ qua nội dung & chỉ đọc mỗi phần tổng hợp này, vì mỗi người tự đọc & cóp nhặt, chiêm nghiệm sẽ thú vị & sâu sắc hơn.
Mình vẫn chỉ cho cuốn này 3 sao thôi dù thấy nhiều thông tin hữu ích, bởi vì thấy nó vẫn chung chung & cơ bản quá giống nhiều cuốn sách về tiền & tài chính cơ bản mình đã đọc, chưa có gì đột phá.
Thỉnh thoảng có những quy tắc thấy cũng không liên quan đến tiền mà liên quan đến cách sống trong mấy sách selfhelp hay viết.
Mong chờ một cuốn khác về tiền sâu sắc hơn.
Một vài idea mình thích rút ra từ sách
-Rule 2: Xác định quan niệm của bạn về sự sàu có
Giàu với bạn là như thế nào? Sống bằng tiền lãi của tiền lãi của vốn? Đủ tiền để không phải lo về việc có đủ tiền hay không?
-Rule10: Tiền đẻ ra tiền, giàu càng giàu
Lãi kép
Dùng tiền giúp đỡ người không may mắn làm điều có ý nghĩa
Đừng bao giờ tiêu hết tiền
-Rule26: Làm giàu không bao giờ là quá muộn
Và cũng không bao giờ là quá muộn để đầu tư vào cổ phiếu, cổ phần, chất lượng, vào chính bản thân bạn, vào cuộc sống
-Rule47: Bán hàng là nền tảng của giàu có
Sách có 395 trang tương đương với 6 phần: 5 phần đầu tương đương 100 quy tắc theo chủ đề: Tư duy, trở nên giàu có, giàu hơn, duy trì giàu có & chia sẻ sự giàu có, phần 6 là phần bổ sung thêm hơn 9 quy tắc.
Sách phù hợp để đọc nhâm nhi mỗi ngày một ít & áp dụng thực hành luôn, chứ không hợp để ngồi đọc một phát hết luôn từ đầu đến cuối, vì hơn 100 rule khá là nhiều kiến thức nhỏ.
Mình thấy sách phù hợp với những bạn mới bắt đầu đọc sách về tiền & tài chính vì hầu như toàn những điều cơ bản.
Mỗi rule viết khá ngắn gọn khoảng 1,2 trang giấy, sau đó lại được tổng hợp lại bằng một trang có chữ to nổi. Nhưng không vì thế mà chúng ta bỏ qua nội dung & chỉ đọc mỗi phần tổng hợp này, vì mỗi người tự đọc & cóp nhặt, chiêm nghiệm sẽ thú vị & sâu sắc hơn.
Mình vẫn chỉ cho cuốn này 3 sao thôi dù thấy nhiều thông tin hữu ích, bởi vì thấy nó vẫn chung chung & cơ bản quá giống nhiều cuốn sách về tiền & tài chính cơ bản mình đã đọc, chưa có gì đột phá.
Thỉnh thoảng có những quy tắc thấy cũng không liên quan đến tiền mà liên quan đến cách sống trong mấy sách selfhelp hay viết.
Mong chờ một cuốn khác về tiền sâu sắc hơn.
Một vài idea mình thích rút ra từ sách
-Rule 2: Xác định quan niệm của bạn về sự sàu có
Giàu với bạn là như thế nào? Sống bằng tiền lãi của tiền lãi của vốn? Đủ tiền để không phải lo về việc có đủ tiền hay không?
-Rule10: Tiền đẻ ra tiền, giàu càng giàu
Lãi kép
Dùng tiền giúp đỡ người không may mắn làm điều có ý nghĩa
Đừng bao giờ tiêu hết tiền
-Rule26: Làm giàu không bao giờ là quá muộn
Và cũng không bao giờ là quá muộn để đầu tư vào cổ phiếu, cổ phần, chất lượng, vào chính bản thân bạn, vào cuộc sống
-Rule47: Bán hàng là nền tảng của giàu có
July 7, 2023
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
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
Templar might now have meant that we should only focus on productivity but it came out that way for me. It sometimes reminded me of Kiyosaki's philosophy of working hard and no rest. But overall it is a pretty good beginner's guide that I would recommend to beginners.
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
Templar might now have meant that we should only focus on productivity but it came out that way for me. It sometimes reminded me of Kiyosaki's philosophy of working hard and no rest. But overall it is a pretty good beginner's guide that I would recommend to beginners.
January 18, 2020
I think it's pretty loaded- I mean it's one hundred rules we're talking about here phew!
If I had a legit review that "this book has it all", I wouldn't mind sticking to it and only it for my financial wisdom. I'm however sure there are several other financial books too one must read and this makes my head spin a bit.
Too much knowledge isn't bad, but repetition by different authors or diverse strategies recommended by different authors all supposed to point to the same goal is quite daunting and confusing, like several religious views.
In all, I liked his style of writing. He was brief and straight to the point. That was considerate of him as an author seeing how he had 100 rules for his readers. He cites examples that make it relatable. It was an easy read. I'm just sad I might remember few of the rules since I might not get to reread it ,in light of the fact that other books have to be read too.
If I had a legit review that "this book has it all", I wouldn't mind sticking to it and only it for my financial wisdom. I'm however sure there are several other financial books too one must read and this makes my head spin a bit.
Too much knowledge isn't bad, but repetition by different authors or diverse strategies recommended by different authors all supposed to point to the same goal is quite daunting and confusing, like several religious views.
In all, I liked his style of writing. He was brief and straight to the point. That was considerate of him as an author seeing how he had 100 rules for his readers. He cites examples that make it relatable. It was an easy read. I'm just sad I might remember few of the rules since I might not get to reread it ,in light of the fact that other books have to be read too.
January 7, 2025
The Rules of Wealth by Richard Templar is an easy, enjoyable read filled with practical wisdom. The book’s lessons are relatable and presented in a way that feels approachable for readers at any stage of their financial journey.
One of the things I appreciated most was how Templar's wording often made me think about concepts I already knew in a fresh and enlightening way. His insights encouraged me to reframe certain ideas and approach them from a new perspective, which I found both engaging and thought-provoking.
While not every rule felt revolutionary, the clear writing style and conversational tone made the content stick. It’s a book I’d recommend for anyone looking to reinforce their financial habits or gain new clarity on wealth-building principles.
Overall, The Rules of Wealth delivers a solid mix of practicality and inspiration, earning a well-deserved 3.25 out of 5 from me.
One of the things I appreciated most was how Templar's wording often made me think about concepts I already knew in a fresh and enlightening way. His insights encouraged me to reframe certain ideas and approach them from a new perspective, which I found both engaging and thought-provoking.
While not every rule felt revolutionary, the clear writing style and conversational tone made the content stick. It’s a book I’d recommend for anyone looking to reinforce their financial habits or gain new clarity on wealth-building principles.
Overall, The Rules of Wealth delivers a solid mix of practicality and inspiration, earning a well-deserved 3.25 out of 5 from me.
July 25, 2020
This book gives you over 100 bite sized tips about managing your wealth from Richard Templar. I didn’t have high expectations going in and to say this book gives you profound advice or secret tricks would be incorrect.
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.
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.
Regardless this is an easy read and if you walk away with even a handful of new Rules it’s done it’s job.
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.
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.
Regardless this is an easy read and if you walk away with even a handful of new Rules it’s done it’s job.
October 28, 2020
A very basic, tongue in cheek book. I bought it as some light reading for a holiday some time back and felt that though the book is not Shakespeare, it has some value. At the very least it can serve as a glossary of terms you can use as a roadmap to learn about each of the subjects touched upon in each of the rules.
For example: I leaned the basics of financial investing from the brief section in this book. I used the terms introduced to help me narrow down my googling to something useful. What started out as one page has now developed into a bit of a hobby and retirement plan. The same happened for a number of other subjects in the book.
Sure much of it is common sense, many of the rules are silly. But there is some gold in there too.
Though I wouldn't recommend spending £10 on it, get it cheap or borrow it if you can .
For example: I leaned the basics of financial investing from the brief section in this book. I used the terms introduced to help me narrow down my googling to something useful. What started out as one page has now developed into a bit of a hobby and retirement plan. The same happened for a number of other subjects in the book.
Sure much of it is common sense, many of the rules are silly. But there is some gold in there too.
Though I wouldn't recommend spending £10 on it, get it cheap or borrow it if you can .
July 27, 2020
This book is basically 100 rules that the author thinks are what wealthy or rich people do. I personally do not think the rules were anything special it’s basically every day advice such as don’t fall trap to get rich quick scheme‘s, invest your money and find multiple income streams. My mom gave me this book over a decade ago and I never read it so I picked it up the last couple days and decided to finally give it a read and I could say pretty confidently that I didn’t miss out much by not reading it what I did and the advice would be for someone very young who had no guidance whatsoever with money so if you’re missing that guidance in your life I roommate recommend reading it otherwise it’s not really anything special you could get similar kind of adviceFrom Dave Ramsey.
January 17, 2021
"Today begins anew and you have the same rights and opportunities as everyone else."
This book is basically 100 tips or 100 things Richard does or even 100 things Richard thinks rich people do. I bought this book a while ago and finally gave it a try. I'm not mad about it. but I also don't really love it.
What I love about this book is that Richard separated each of the rules into just 2 pages and that made this book very easy to read and to understand.
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.
Full review >> https://girlwiththreedogs.com
This book is basically 100 tips or 100 things Richard does or even 100 things Richard thinks rich people do. I bought this book a while ago and finally gave it a try. I'm not mad about it. but I also don't really love it.
What I love about this book is that Richard separated each of the rules into just 2 pages and that made this book very easy to read and to understand.
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.
Full review >> https://girlwiththreedogs.com
October 4, 2017
buku ini bagus yg isinya menceritakn tetang memperoleh kekayaan dengan dan bagimana mengatur keuangan dengan cara minset atau polo pikir seseorang. kita harus berpikir positive, bekerja keras dan membayar harga. orang kaya menunda keinginannya untuk memperoleh hal yg didapat di masa depan.tetapi ada yg saya tidak setuju bahwa kita membatasi pengeluaran kita walaupun kita sudah kaya. menurut saya hidup dalam mengatur pengeluaran/kekayaan dengan hidup dibawah pendapatan dan kita harus merencanakan keuangan kita untuk tabungan, investasi, beramal dan melakukan senang-senang. untuk senang2 untuk reward karena kita sudah bekerja keras.
June 30, 2019
"Rule 10: Understand that money begets money"
Super easy read, with each of the rules only two pages long. Don't expect any technical advice, but more of a philosophical, big picture advice such as who to listen (or not to listen) to, mindset and importance of money (security, family, health etc.).
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.
It was a good way to get your mind in the personal finance sphere, before reading more technical books and articles.
Super easy read, with each of the rules only two pages long. Don't expect any technical advice, but more of a philosophical, big picture advice such as who to listen (or not to listen) to, mindset and importance of money (security, family, health etc.).
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.
It was a good way to get your mind in the personal finance sphere, before reading more technical books and articles.
January 17, 2020
At best, it's interesting to hear the authors distaste and awful opinions. But when not always on top of my game, I feel tired and unable to distinguish. I would prefer scientific facts over opinions/ranting. It would give my brain a break. I either feel enlightened/clever or not wanting to hear about how others have got it wrong, which he does quite a bit in his writing. Brilliant for those interested in becoming self aware, brilliant listeners and developing second-to-none emotional intelligence... I am judging the author here, not those who he judges himself. I'll try Darwin's book next. I have a feeling it will be less heavy with judgement. Yay. Progress.
February 6, 2024
The Rules of Wealth,' Richard Templar delivers a practical and insightful guide to achieving financial success. With clarity and wit, Templar outlines essential principles for building and managing wealth, offering valuable advice on money management, investment, and cultivating a mindset conducive to prosperity. Each 'rule' is presented in a straightforward manner, making this book an accessible and empowering resource for those seeking to enhance their financial well-being. Templar's blend of practical wisdom and motivational encouragement makes 'The Rules of Wealth' a compelling read for anyone aspiring to financial abundance.
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