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The Rules of Wealth, 3rd Edition by Richard Templar

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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/products?’
  • ‘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 some ...

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