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The book "The Law of Money" by Justice O. Malcolm outlines a philosophy of wealth that emphasizes practical principles and inner laws to master financial success. Key insights from the book include:
Money is not the end goal but a result of creating value for others. Shifting focus from making money to creating value changes one's financial trajectory.
Wealth is accumulated through consistent, disciplined actions over time, rather than sudden windfalls or "magic bullet" strategies.
Malcolm identifies a system of wealth-building starting with the principle "pay yourself first" by allocating money to investments before expenses.
There are four wealth-building vehicles working synergistically: primary income (job/business), investment income (stocks, real estate), business income (profits from enterprises), and intellectual property income (revenues from creations like books or patents).
The book emphasizes mindset, discipline, confidence, and structural understanding of money's laws over luck or emotional approaches.
Wealth is framed as mathematical and structural, requiring smart systems for managing, growing, and protecting money consistently.
The message encourages overcoming fear and financial struggle by adhering to these money laws and focusing on value creation to attract wealth.
The Law of Money" by Justice O. Malcolm about how to get rich by mastering financial principles and inner law.
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