Summary of The Rules of Money
How to Make It and How to Hold on to It
If you want to make money, just follow the rules. Get rich the smart way (ah, if only).
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
- Why money is freely available to anyone who is prepared to work for it
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