The Rules of Wealth, 4th Edition

Table of contents

1. Cover
2. Title page
3. Contents
4. Introduction
5. Acknowledgements
6. Thinking wealthy
   1. 1 Anybody can be wealthy – you just need to apply yourself
   2. 2 Decide on your definition of wealth
   3. 3 Set your objectives
   4. 4 Keep it under your hat
   5. 5 Most people are too lazy to be wealthy
   6. 6 Get a reality check
   7. 7 Understand your money beliefs and where they come from
   8. 8 Understand that wealth is a consequence, not a reward
   9. 9 Decide what you want money for
   10. 10 Understand that money begets money
   11. 11 Calculate the net return
   12. 12 If you see money as the solution you’ll find it becomes the problem
   13. 13 You can make lots of money, you can enjoy your job, and you can sleep nights
   14. 14 Don’t make money by being bad
   15. 15 Money and happiness – understand their relationship
   16. 16 Know the difference between price and value
   17. 17 Know how the wealthy think
   18. 18 Don’t envy what others have
   19. 19 It’s harder to manage yourself than it is to manage your money
7. Getting wealthy
   1. 20 You’ve got to know where you are before you start
   2. 21 You’ve got to have a plan
   3. 22 Get your finances under control
   4. 23 Insurance pays someone, and odds are it’s not you
   5. 24 Only by looking wealthy can you become wealthy
   6. 25 Speculate to accumulate (no, this isn’t gambling)
   7. 26 Decide your attitude to risk
   8. 27 Think through the alternatives to taking a risk
   9. 28 If you don’t trust someone, don’t do business with them
   10. 29 It’s never too late to start getting wealthy
   11. 30 Start saving young (or teach your kids this one if it’s too late for you)
   12. 31 Understand that your financial needs change at different stages of your life
   13. 32 You have to work hard to get rich enough not to have to work hard
   14. 33 Learn the art of deal making
   15. 34 Learn the art of negotiating
   16. 35 Small economies won’t make you wealthy but they will make you miserable
   17. 36 Real wealth comes from deals not fees
   18. 37 Understand that working for others won’t necessarily make you rich – but it might
   19. 38 Don’t waste time procrastinating – make money decisions quickly
   20. 39 Work as if you didn’t need the money
   21. 40 Spend less than you earn
   22. 41 Don’t borrow money – unless you really, really have to
   23. 42 Consider consolidating debts
   24. 43 Cultivate a skill and it’ll repay you over and over again
   25. 44 Pay off your loans and debts as a priority
   26. 45 Don’t be too busy earning a living to make some money
   27. 46 Save in big chunks – or should you?
   28. 47 Don’t rent, buy
   29. 48 Understand what investing really means
   30. 49 Build a bit of capital then invest it wisely
   31. 50 Understand that property, in the long run, will not outpace shares
   32. 51 Master the art of selling
   33. 52 See yourself as others do
   34. 53 Don’t believe you can always win
   35. 54 Don’t pick stocks yourself if you don’t know what you’re doing
   36. 55 Understand how the stock market really works
   37. 56 Only buy shares (or anything) you can understand
   38. 57 Use your head
   39. 58 By all means, use the investment professionals (but don’t be used by them)
   40. 59 If you are going to get financial advice, pay for it
   41. 60 Don’t fiddle
   42. 61 Think long term
   43. 62 Have a set time of day to work on your wealth strategy
   44. 63 Pay attention to detail
   45. 64 Create new income streams
   46. 65 Learn to play ‘What if?’
   47. 66 Control spending impulses
   48. 67 Don’t answer ads that promise get-rich-quick schemes – it won’t be you who gets rich quick
   49. 68 There are no secrets
   50. 69 Don’t just read this – do something
8. Getting even wealthier
   1. 70 Carry out a finance health check regularly
   2. 71 Get some money mentors
   3. 72 Play your hunches
   4. 73 Don’t sit back
   5. 74 Get someone to do the stuff you can’t
   6. 75 Know yourself – solo, duo or team player
   7. 76 Look for the hidden asset/opportunity
   8. 77 Don’t try to get rich too quickly
   9. 78 Always ask what’s in it for them
   10. 79 Make your money work for you
   11. 80 Know when to let go of investments
   12. 81 Know your own style
   13. 82 Know why you should be able to read a balance sheet – and how
   14. 83 Be one step ahead of your tax collector
   15. 84 Learn how to make your assets work for you
   16. 85 Don’t ever believe you’re only worth what you are being paid
   17. 86 Don’t follow the same route as everyone else
9. Staying wealthy
   1. 87 Shop for quality
   2. 88 Check the small print
   3. 89 Don’t spend it before you’ve got it
   4. 90 Put something aside for your old age – no, more than that!
   5. 91 Put something aside for emergencies/rainy days – the contingency fund
   6. 92 You paid what for it? How to shop around
   7. 93 Never borrow money from friends or family (but you can allow them to invest)
   8. 94 Don’t surrender equity
   9. 95 Know when to stop
10. Sharing your wealth
    1. 96 Use your wealth wisely
    2. 97 Never lend money to friends or family unless you are prepared to write it off
    3. 98 Don’t lend, take equities
    4. 99 You really, really can’t take it with you
    5. 100 Know when/how to say no – and yes
    6. 101 Find ways to give people money without them feeling they are in your debt
    7. 102 Don’t over-protect your children from the valuable experience of poverty
    8. 103 Know how to choose charities/good causes
    9. 104 Spend your own money because no one will spend it as wisely as you
    10. 105 Take responsibility before you take advice
    11. 106 Once you’ve got it, don’t flaunt it
    12. 107 What’s next? Pacts with the devil?
11. The Rules of other people’s wealth
    1. 1 Don’t judge
    2. 2 Don’t envy it
    3. 3 Other people’s money belongs to them
    4. 4 They can give it all away if they like
    5. 5a Once they’ve gone, you can’t ask questions
    6. 5b Once they’ve gone, you can’t ask questions
    7. 6 Blood comes before money
    8. 7 Your children owe you nothing
    9. 8 Don’t make money taboo
    10. 9 If they give it to you, it’s yours
12. Had enough yet . . .?
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14. Imprint