Summary of The Rules of Money

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Rating

7 Overall

8 Applicability

5 Innovation

7 Style


Recommendation

The staggering number of lottery tickets sold each year indicates that millions of people want to be wealthy but aren’t necessarily willing to put in the required effort. Unless your lotto numbers come up or your father is a billionaire who hands you big bucks, instant prosperity is a fantasy. The road to riches actually is paved with hard work, long hours and a bit of luck. Moreover, says Richard Templar, wealthy people follow a basic set of principles that many other people tend to ignore. Templar’s witty, informative and briskly written book outlines 100 catchy (and somewhat duplicative) rules as a framework for offering financial guidance. His advice may not get you a dinner invitation to Warren Buffett’s house, but getAbstract believes it will help you understand what the rich do differently and how you can apply their rules for making money.

In this summary, you will learn

  • What basic principles govern building and maintaining wealth;
  • Why paying your debts and setting clear goals are prerequisites to pursuing wealth; and
  • Why money is freely available to anyone who is prepared to work for it.
 

About the Author

Richard Templar has written 10 business books, including The Rules of Life, The Rules of Management and The Rules of Work.

 

Summary

“Thinking Wealthy”
Believe it or not, money is out there for the taking. It doesn’t matter if you’re young or old, black or white, rich or poor, if your parents are from a foreign country or if you grew up wearing tacky hand-me-downs to school. Hundreds of people who were raised in abject...

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