May 2013
Beginner
256 pages
3h 58m
English
Content preview from The Rules of Wealth, 3rd Edition
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RULE 49
Build a bit of capital then invest it wisely
Lots of people don’t get prosperous because, as we saw earlier, they are too lazy. But a lot fail because they don’t know what to do once they start to earn some money. It’s easy to think, once you’ve got your hands on a bit, that you have earned it, you deserve it, you’re going to spend it. You have earned it – assuming you haven’t robbed anyone to get it – and yes you probably do deserve it. But no, don’t spend it all now, no matter how much you want that new car, holiday, cottage by the sea, whatever.
I’ve done it. I guess we all have. I once got a massive tax rebate. I don’t remember why I was being taxed so highly but I was for several years and when they repaid me it was quite a handsome ...
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