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The Rules of Wealth, 3rd Edition by Richard Templar

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RULE 38

Don’t waste time procrastinating – make money decisions quickly

If you are out at sea and it cuts up rough, you make for a safe harbour. Any port in a storm. You don’t spend time procrastinating over whether the harbour has shower facilities or a branch of your favourite restaurant chain or cheaper moorings. No, you just get the hell out of the storm, while there’s still space in the harbour, and be grateful it provides the one thing you really need – safety.

Making money is a bit like that. Sometimes you just need to act. As long as you get some return on your action, it’s better than doing nothing. This isn’t complicated but you’d be amazed how many people overlook this and think ‘I’ll decide how to invest that little lump sum I’ve ...

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