10 Simple but Not-So-Simple Rules of Wealth Accumulation |
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Author:
| Carnegie, Alexander-Benjamin |
ISBN: | 978-1-4921-0588-6 |
Publication Date: | Aug 2013 |
Publisher: | CreateSpace Independent Publishing Platform
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Book Format: | Paperback |
List Price: | USD $3.99 |
Book Description:
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This book involves 10 simple rules about wealth accumulation. Behind the flashy and glamorous outlook of rich and wealthy, there are many simple rules in wealth accumulation which can be learned in 10-15 pages. I disbelieve in spreading this information in a higher priced $14.99 book. Rather a $0.99 book seems to be the most appropriate means to disseminate this information. I also avoid flowery language and acronyms which you will find in other self-help books. I believe if I know...
More DescriptionThis book involves 10 simple rules about wealth accumulation. Behind the flashy and glamorous outlook of rich and wealthy, there are many simple rules in wealth accumulation which can be learned in 10-15 pages. I disbelieve in spreading this information in a higher priced $14.99 book. Rather a $0.99 book seems to be the most appropriate means to disseminate this information. I also avoid flowery language and acronyms which you will find in other self-help books. I believe if I know these stuffs, you probably can understand it through plain simple English. The title said there are 10 rules, but there are actually 11. Rule 0 is "Know Basic Arithmetics". I thought it is such as simple and easy rule that everyone should know. Yet there are people in the world, who suffer from discalculia in the world. For those who cannot calculate, we should never blame them. Always hold your calculator, it is a very powerful weapon in modern life. For the 10 rules, Rule 1-5 is about saving. Again, it seems trivial but in United States there are around a quarter of people who don't have more $1000 fluid capital such as cash, stocks, or bonds in their accounts. So I believe suffice it to say, saving is a lost art in U.S. I believe Europe is probably in the same condition. Rule 6 is about debt, which is "Pay Off your Debt". Debt can be seen as a "negative savings" so I mentally see it that way too. Rule 7-8 is about investing. That again is a cliche topic. The key here is to understand how investing is related to saving. How you can structure them together. Rule 9 is about house, I will briefly tell you why it is a good idea to buy a house and why it is a good idea compare with investing in vehicles such as stocks and bonds. The last rule is about how to improve your knowledge, I will talk about how to continue to learn about money issues.