The Rules Of Wealth - Richard Templar

Its Never Too Late To Start Getting Wealthy

It'ڪ very easy sometimes to believe that the hand we got dealt in life is all we have to play with. Or to say, Ah well, Ȋ̝̊̅ should have started a pension in my early twenties - it'ڪ too late now.' But we can change anything we want - its never too late to start being wealthy.

Look at the Rule 1 again - anyone can make money and its not limited by your age or any other factor. All it requires is that you shift your focus to becoming wealthy and already things will happen without you having to do anything more. Obviously, if you want more than the basic that the universe is going to give you, you will have to do more. But by shifting your focus you will set wheels in motion and prosperity will come to you. And no, this isn't mumbo jumbo its a universal fact. The fact you do something - shift your focus- IS enough.

No matter how long you have been going along a particular path - poverty, lack of success, whatever, it doesn't need much of a shift to alter course. And altering course can happen no matter how long you 've left it. There is no such thing as too late. Its a bit like being an ocean-going liner. You may need a lot of space to stop but it doesn't take much to get you to change direction. A couple of degrees on the wheel and you 'll be on a completely different course within the few miles.

In gaining prosperity, as in most things, there is a tapping point. Once you've added on those couple of degrees to port or starboard the resulting change in trajectory gets bigger and bigger in a sort of compound way.

It is also never too late to start investing in stocks, shares, pension, style, quality, yourself, life etc. By staying alert and alive, we resist that decline inTo inactivity and apathy which is such an ageing attitude. My father-in-law (always such an inspiration) started another business when he was seventy-five and not just any old business either - it was in a new technology which most fifty-year olds were having trouble getting their head around.

IT IS NEVER TOO LATE TO START INVESTING IN SHARES, PENSION, STOCK, StYLE, QUALITY, YOURSELF, LIFE ETC.

However, if you think its too late, it probably is. The secret is never to think that. If you think you can give up easily then you probably will. Don't Think it. Look, we came into this book together to make money - some for you and some for me. Ȋ̝̊̅ am going to do my damnedest to help you increase your prosperity. If you think there are any barriers - age, sex, race, ability - then you are already batting on a losing wicket. Dump the preconceptions and trust me. Its never too late to begin. Start now.

Start Saving Young (Or Teach Your Kids This One If It' too Late For You)

Ok, it might be too late for you to start saving young. We can't go back. But you can certainly teach your kids the importance of learning this trick. And i'♍ not suggesting we scump and save to be able to save. Saving should be something we naturally do. I guess its a trick you learn quickly if you are self employed or not, if you go bust. Every time you earn money, you put some aside for VAT and tax. Failure to so so means scarbbing around when the return is due and you have to find it. If you put aside more than you need, the leftovers become the savings. Obviously, you only need to do this once or twice before it becomes a really easy thing to remember to do.

IF YOU PUT ASIDE MORE THAN YOU NEED, THE LEFTOVERS BECOME THE SAVINGS.

i find that it is easier to have a figure so you don't have to think too much. My own figure is 50 per cent. Anything i earn, i put half straight into a savings account. i don't have to think about this. i know that some is for Tax and some is for VAT and the rest is for savings. Every now and then, i transfer the balance of what is left to the second savings account. From the super savings account, i can transfer money to a pension fund, ISA (Individual Savings Account) or whatever.

This, for me, is an easy way to save. I don't have to think too much about it. It is a method i pass to my children - spend half your pocket money and save half. I hope they 'll find this an easy method to pick up, a sort of savings muscle memory, so that they will have a quid or two when they need it at university or whatever.



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