Tuesday, March 13, 2001

Book Review: The Rules of Wealth



‘The Rules of Wealth: A personal code for prosperity’
First Impression, 2007
By: Richard Templar
Pearson Power

What interested me into this book first and foremost was its title. “Rules of wealth”: interesting enough. And I enjoyed reading it and got experienced perspective too. Richard Templar is the bestseller-author of “The Rules of Life”, and a very successful man himself, hence an authority to write on this topic.

The book lists 100 rules which we can apply to gain, enjoy and sustain wealth in the best manner possible. It is divided into five parts: 1. thinking wealthy, 2. getting wealthy, 3. get even wealthier, 4. staying wealthy and 5. sharing your wealth. It was the first part which I enjoyed most. Thinking wealthy is the first point to start becoming wealthy anyway.

I found the author to have the right balance and mix of optimism with caution. At places he is conservative, and rightly so, and at other places he is bold and not risk averse. There are rules which make us keep humane and family causes above pure financial greed, and there are others which ask to give up short-term gains for the long term wins, and the vice versa. The key, as the author rightly says, is to apply the strategy and take actions rather than keep thinking or procrastinating.

Though there were places where I found the rules to be against the present or future business models and too conservative also, I think prudent readers would separate the chaff from the seeds. Recommended.

- Rahul

1 comment:

Matthew Selwyn said...

Interesting review, I really wasn't a big fan of the book (http://bit.ly/j15QrM), but I can definitely see some of your points. Great to get another perspective!