The Rules of Wealth: A personal code for prosperity and plenty

Product Information

It doesn't matter who you are, where you were born or how old you are - money doesn't discriminate. Keep your credit utilization low. Your credit utilization, or the amount of credit you’re using compared to the amount you have available, is another important factor that affects your credit score. To maintain a good credit score, you should aim to keep your credit utilization below 30% of your available credit. There's a misconception among the lower and middle class that all wealthy individuals are ruthless, immoral and straight up greedy, selling their family members and stopping at nothing to make cash. Before we delve into The Rules Of Wealth let's clear up the old 'Money can't buy happiness' argument.

Find the fat and trim it. Break down your expenditures into needs and wants. Food, shelter, and clothing are obvious needs. Add health insurance premiums to that list, along with auto insurance if you own a car and life insurance if other people are dependent on your income. Many other expenditures will merely be wants. You will never be taken seriously and be able to mingle with financially literate if you don't pay attention to detail.

I know you might think this sounds bullshit or wired but is not. It actually more than a positive thought and the universe delivering the idea to you. There are a lot of people who are so hungry at getting rich. But what most people don’t understand is the hidden rules of money am about to show you. The secret is this “For you to earn money, there should be some form of exchange” You see money is a very discipline thing, follow it rules and it will come to you, follow your own rules and you will get it not. A few days ago, I went to a bookstore to expand my knowledge, but most importantly to absorb the atmosphere of endless wisdom. For some reason, people expect money to solve every problem out there. It true it solves most of the problems but certainly not every problem. Money is like a universal key that can open more related doors. Need a roof over your head? Money can solve it just now, wondering what you gonna eat tonight? Money got you covered, your kids need school supplies? Money to the rescue. These are all money issues and money will solve them.

Continuously make money passively in any way you can with what you have, whether through your assets (cars, houses) or plain cash 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) By setting money to work, it will keep growing instead of losing value via inflation. This rule made me happy – most of my money is generating more money as we speak, I have very little in my bank account. I talked about this in my passive income guide. Rule 90 – Put something aside for your old age – no, more than that! For example, my parents never taught me anything about money beliefs, how to collect it, how to keep it, and multiply it.

Without putting money aside for breeding you'll only be working FOR money, all wealthy individuals understand that the key is to make your money work FOR you. It’s seductive: steal from the rich and you’ll become rich yourself. And it’s laudable in that Templar’s 100 Rules are often so common sensical and all-encompassing that it’s hard to argue with them. Work hard, save your money, shun debt – hear, hear, we say . There are also people who are like, ‘I don’t care about money, I just want to do what I love!’ as if monetary rewards will somehow downgrade their love for their craft/hobby/lifestyle. It’s not… mutually exclusive… you know… But it’s is stupid to think that just because you have a key, you can break into a break wall if there is no door inside. If you are poor, all you see is money problems, once you overcome these you realize that there are other types of problems out there where money has no power over it. Poor people always judge when someone’s success can make him suicide because that is all that they can see, an abundance of money. And how could anybody need anything more than money? However, you cannot expect a rich mindset from poor minded people. FundSupermart (I have a Private Retirement Scheme fund there) – 1-2% management fee + 1.75% sales charge (+ extra fees for specific funds)

Compound interest is said to be the 8th wonder of the world and given an initial sum of money and time you'll find compound interest has the power to turn a mere snowball into an avalanche. Wealth to me is having enough money to take the family on two vacations a year and still having enough money set aside to cover any and all bills and emergencies"

Table of contents

This is a major reason why I’ve been focusing on fashion lately. I still tend to under-dress, but progress is there. Some of you might disagree with this rule, that’s fine too. I’m still experimenting with this rule myself. Rule 32 – You have to work hard to get rich enough not to have to work hard Will money help then? I have no idea, maybe yes, maybe not. I’d like to keep the yes option open anyway in case I need it.

If you wonder what are the rules of wealth that successful people know, keep reading and you will find out…

That’s a generalisation, of course – we’ve all met wealthy spendthrifts (or their spouses…). But just as when reading Stanley and Danko’s intriguing yet logically flawed The Millionaire Next Door , Templar’s book inevitably outlines a one size fits all approach. Real-life is more complicated. I know there are a shit ton of funds to choose from. If you can’t get ASNB for whatever reason, there’s a fund selector tool from Fundsupermart that I quite like (note: not sponsored to say this). Because money loves speed, money loves to circulate, and money loves to hang out in sizable groups.