Reviewed by Chun Yin Wah
Normally, I avoid finance-related books because I seldom absorb all the money terms and economic theories. But I like The Rules of Wealth (2007, Pearson, Great Britain, 230 pages), especially how the author, Richard Templar, spells out a series of rules – simple to read, no big words and easy to understand.
Suitably subtitled A Personal Code For Prosperity, this is a step-by-step guide to generate wealth and then manage it. Altogether, there are 100 rules. Not that I totally agree with all of them, but most make sense. Will I become wealthy by following Templar's instructions? Probably not, I suspect.
Most of the rules involve little more than applying common sense. Among them, I chose a few favorites:
Rule 3: Set your objectives.
Rule 4: Keep it under your hat. (You don't have to tell curious people exactly how much you want to make.)
Rule 13: Don't make money by being bad.
Rule 17: Don't envy what others have.
Rule 33: Understand that working for someone won't necessarily make you rich, but it might.
Rule 57: Create new income streams.
Rule 88: Know when to stop.
For someone who lacks much of the savvy to manage finances, this is a great book. It's almost a gleaming gem.
Approval rate: 80 per cent.
For more information: www.pearson-books.com
(October 14, 2007)
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