The Rules of Wealth, 4th Edition

RULE 65

Learn to play ‘What if?’

When deciding how to earn your money and how to invest your money, you need to ask yourself a lot of questions starting with ‘What if...?’

I’ll start you off here:

• ‘What if there is another recession?’
• ‘What if this bank goes bust and I can’t get my money out?’
• ‘What if these shares suddenly take a turn for the worse?’
• ‘What if gold prices plummet?’
• ‘What if all my customers went elsewhere for a cheaper service/product?’
• ‘What if I was made redundant?’
• ‘What if property prices bottom out?’
• ‘What if the oil runs out?’

The ‘What if’ game is one we can all play. All together now... ‘What if...?’ I call it ‘looking for loopholes’, only it isn’t loopholes, more a sort of gotcha clause. Every time I start making ...