The Rules of Money: How to Make It and How to Hold on to It

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.

This is an excellent book. It's nice & simple. Though I am very financially literate, we must remember that most people who have a poor or middle class upbringing (like I did) have no idea how money works. They just spend their lives working for money --- they never learn to have money work for them. They live under the old & false ideas that "it takes money to make money", "I will never be rich because I was not born rich", etc. Ha. Those are things negative people say, and they are not realistic. Anyone can become rich if are smart & try hard enough. Period. Take it from someone who is very successful in business & life already --- this book is good. It's nothing more than a list of 100 facts that people who are already financially successful already know, so for some people this will sound like a repeat of just common sense information. For other people it will be new & exciting information. If you are part of the latter group, I highly recommend you buy many more financial books in addition to this particular one so that you too can learn how to make your money work for you. Again remember that books like this, Rich Dad Poor Dad, etc are purely basic educational books on money which can still be very interesting to read...and most importantly these books will NOT show you step by step how to get rich, but they will function as guideposts to help you along the way.

OK, I don't know what's up with the other reviewer but I found this to be a pretty awesome and informative book. I've read a lot of personal finance books so yes some information will repeat itself. But this didn't really bother me I did find some other good bits. The other reviewer is nit picking and taking quite a few things completely out of context. And what was mention were not rules but were bits out of the chapters. The rules go something like this: Rule 1: Anybody Can Make Money - It Isn't Selective or Discriminatory Rule 2: Decide On Your Definition of Wealth Rule 7: Understand That Wealth Is a Consequence, Not a Reward Rule 9: Decide What You Want Money For Rule 11: If You See as the Solution, You'll Find It Becomes the Problem Rule 17: Don't Envy What Others Have Rule 40: Pay Off Your Loans and Debts as a Priority Rule 56: Pay Attention to the Details Rule 59: Control Spending Impulses Rule 63: Carry Out a Finance Health Check Regularly Rule 70: Don't Try to Get Rich Too Quickly The list goes on. The book is also wisely divided into 5 parts: Part I: Thinking Wealthy - Rules 1-18 Part II: Getting Wealthy - Rules 19-62 Part III: Getting Even Wealthier - Rules 63-79 Part IV: Staying Wealthy - Rules 80-88 Part V: Sharing Your Wealth - Rules 89-100 I personally like the author writing style, it's not the funniest stuff on earth but he funny enough (at the appropriate moments of course) to keep you entertained and not bored with the book. Personally I dig this kind of writing. The book kind of reads like 'Rich Dad, Poor Dad', 'Who Moved My Cheese', and some other books that I just can't think of right now. I suggest that you check it out at your library or read a few chapters in the book, which I did before I brought it and don't regret a moment of it. My favorite bit from this book is from Rule 11, which I alreadly noted, "Money isn't - and never will be - the cure. It is the oil that smooths the wheels. It isn't the engine." There are also quite a few typos in this book but nothing I couldn't get over. I brought this book last year and have been doing my best to be a Rules Player. Let me tell you the hardest thing is changing your thinking. I can now say I am almost debt free (I'm shooting for end of Feb.), I am finally in the black nonetheless (I took Rule 40 and 59 very seriously)not by much but I'm still proud of it. Rule 63 I definitly do everyday now. You can take this book and called it simple crap like the last reviewer, which is fine, everyone has there own point of views and whatnot. But to me if it's so simple and you are still stuck in the same rut you were before, obviously it's not the information that's the problem. In the words of Bruce Lee "Knowing is not enough, we must act, Willing is not enough, we must do". "Your attitude determines your altitude" that's what I say. Got that off a NASA poster. Sorry the review was so long, but I thank you for reading it. T.