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The Rules of Wealth, 3rd Edition by Richard Templar

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RULE 7

Understand your money beliefs and where they come from

We all grow up with money myths. We get a lot of them from our parents and the way they bring us up. I can still hear my mother saying, ‘A penny saved is a penny found’, and to this day I still have no idea what it means. Maybe I’m lucky. My money myths are based on a lot of nonsense like that. But most of us have the following ingrained beliefs:

  • Money is the root of all evil.*
  • Money is dirty.
  • I don’t deserve to be rich.
  • Money is only made by the greedy and dishonest.
  • Money corrupts.
  • You mustn’t brag about money – never say how much you earn, are worth or paid for something (unless it is a bargain).
  • You can’t have money and be ‘spiritually pure’.**
  • You lose your friends if you get ...

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