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No asset is beautiful unless it is working for you - it has to be accumulating, increasing in value, to be worth keeping.” Escaping from the poverty cycle and the penury mindset is your key to success, your path to prosperity.”
The Rules of Wealth: A Personal Code For Prosperity - Goodreads
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. Discover one strategy every week within the 7 Wealth Stages that will guide you toward financial well-being and holistic wealth. Leave obscurity and get rid of scarcity. Do what you want with your money. Give it all away. Burn it. Whatever. I’m going to try and be Switzerland about this and be super neutral. Conclusion 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.Unconditionally, as a starting point of wealthy thinking, is planting the wealth seed in your subconscious mind. 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 simply means if you want to walk toward prosperity and holistic wealth, you need to apply a similar reading habit. Get understood that the wealth is your result but finance award - You don't get anything if you are lazy
The Rules of Wealth:A personal code for prosperity and plenty
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) thenSo don’t fall into the conventional belief that wealth is only about money. That’s a poor mindset belief. 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. And if you’re eagerly interested in this topic, in the psychology behind the wealthy, it’s about studying the mindset of wealthy people. READING THIS BOOK requires a transformation within – in your thinking, in your style, in your goals.
Rules Of Wealth By Richard Templar – Thinking Wealthy 7 Rules Of Wealth By Richard Templar – Thinking Wealthy
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. A good way to maximize your earning potential is to invest in your education and skills. Getting advanced academic degrees, industry-specific certifications, and training programs are all useful to build your human capital. 2. Set Goals and Develop a PlanThe third step is to invest your money in a variety of different assets so that it’s properly diversified for the long haul. Here are some of the rules that made me think. Think of it as a sneak peek into the book before you buy it yourself 🙂 Rule 7 – Understand your money beliefs and where they come from P/s- Still have to keep Rule 80 in mind – Know when to let go of investments. PublicDomainPictures / Pixabay Rule 79 – Make your money work for you 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.
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