Saturday, October 13, 2018

A Good Read [The Rules of Wealth]

This is not a book that I would pick up, say 5 years ago.

To be honest, I didn't know who the author was when I bought it. The title looked straightforward enough to attract my attention and when I flipped through the pages, the texts seemed to be quite straightforward and easy to understand. So then I bought it.

I'm not sure if a businessman would find this book useful but for a fresh graduate like me who is about to start work soon, and, of course, has no idea what exactly is wealth, how to start and even when to start growing wealth, I think the book succinctly summarises the important rules and principles for that.

I particularly enjoy reading the last chapter - the rules of other people's wealth, because I find it quite enlightening.

Some of my favourite quotes from this book:

"And what I have noticed is that the wealthy - when they are starting out anyway - have enormous drive and are prepared to make enormous sacrifices. They manage themselves and forgo instant rewards for bigger payback in the long term. Self-control and delayed gratification are useful arts to learn."

"In fact one of the fundamental truths about getting rich is that wealth - real wealth - comes from doing deals, not from earning wages, salaries or fees."

"It's about the way you walk rather than what you wear. It's about the overall image you project."

"If it waddles like a duck and quacks like a duck, chances are it's a duck. Avoid. Walk away. Hold on to your wallet and run."

"Don't moan if you don't get what you want. Work harder and go back again."

Personally, I feel this reads more like a dating advice than anything else. But it's gold. Tried and tested by yours truly.

Practical questions for people who cannot control buying stuffs, sometimes. Guilty as charged. 

"Listen to your intuition, be the biggest, boldest and bravest. If the situation feels wrong, it probably is."