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The Seven Laws of Money Paperback – March 20, 2002

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Editorial Reviews

About the Author

Michael Phillips developed MasterCard as vice president of the Bank of California. He is the author of Honest Business and The Seven Laws of Money. --This text refers to an alternate Paperback edition.

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Product Details

  • Paperback: 206 pages
  • Publisher: Clear Glass Pubns (March 20, 2002)
  • ISBN-10: 0931425417
  • ISBN-13: 978-0931425417
  • Product Dimensions: 8.9 x 6 x 0.6 inches
  • Shipping Weight: 9.6 ounces
  • Average Customer Review: 3.8 out of 5 stars  See all reviews (23 customer reviews)
  • Amazon Best Sellers Rank: #2,290,679 in Books (See Top 100 in Books)

More About the Author

Creator of the modern universal multi-bank creditcard (Mastercard), founder of the Briarpatch Network the first voluntary business network. Business consultant to over 1,500 businesses worldwide of all sizes. Expert witness in marketing, finance, management, business ethics, environment and executive compensation. Producer of public radio program Social Thought. Lives in San Francisco, Tokyo and Tel Aviv.

Website:www.well.com/user/mp

Customer Reviews

Most Helpful Customer Reviews

24 of 24 people found the following review helpful By Gil on February 11, 2002
Format: Paperback
If you are looking for a book on how to accumulate the maximum number of green backs, this book is not for you. If you want a simple philosophy of money which will make you wealthy in more than just the material sense, buy this book and read it at least twice.
I first read this book almost 20 years ago, and every time I got greedy, and broke one of the Seven Laws of Money, I paid dearly for it.
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18 of 18 people found the following review helpful By michel.bel@nl.origin-it.com on November 4, 1997
Format: Paperback
This is one of the books I own two copies of, one for myself and one to loan out to others. It helps you to channel energy away from worrying about money to using and understanding money in your best way. Warning: It may change your life. And, like good wine, it ages well.
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19 of 20 people found the following review helpful By lanny goodman on April 16, 2000
Format: Paperback Verified Purchase
michael phillips is one of the most refreshing thinkers in the world of money and business. this book from the early 70's has much important wisdom for anyone concerned with the subject. the original by random house has been out of print for years and is well worth finding if you can get your hands on a copy. it's totally 70's san francisco, but is richer than the shamballa abridgement.
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22 of 26 people found the following review helpful By A Customer on July 13, 2001
Format: Paperback
I first read this book several years ago and not too particularly impressed I put it on my bookshelf and forgot about it. The other day it literally fell off the shelf and landed at my feet. I had completely forgotten about the book. It's a short book; why not read it again I thought. I did and was captivated. What happened? I would have given it two stars before, now I'm giving it five. I changed: In the intervening years I have become somewhat financially successful. Back when I first read it I was looking for some method to make money and didn't find it in that book. Now I know there is none. All books are mirrors of their readers as are these reviews. You have learned more about me than you will ever learn about The 7 Laws from reading this review. What can I tell you? Read the book or don't. When you find that no method or technique ever really works then you won't need this book or any other.
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22 of 29 people found the following review helpful By A Customer on January 8, 2000
Format: Paperback
I'm sure the author is a good guy with a big heart, but unfortunately this book is incredibly weak. It's very dated and in desparate need of editing (at one point the author says something about being philosophically against rewriting/editing--and man does it show). I assume consistent plugs by the Whole Earth Catalog and the Whole Earth Review got this book its notoriety, but it's hard to imagine how it has maintained its counterculture mini-classic status. Probably because for years it was the only alternative money book around (and it does have a great title). For much better financial advice and infinitely better writing, check out The Mindful Money Guide. It's wise, witty, and covers all matters financial--always with an eye to quality of life. (The book even has a section titled The Cosmic Laws of Money.)
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9 of 11 people found the following review helpful By Experienced seminar leader on July 11, 1999
Format: Paperback
I have just read this book for the third time, and got even more out of it than the previous two.

Phillips is a "hippie capitalist" and has refreshing wisdom about the traps money can land you in. The book is unrelentingly honest.
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1 of 1 people found the following review helpful By Jeff Commissaris on April 26, 2013
Format: Paperback
This book was in the new releases section in the library, and the title almost turned me away because it had the word money in it. I didn't want a self-help book on making money, because that sounded to shallow, but I decided to step out of my boundaries and read this book. Surprisingly, this is a good read and the author comes from the viewpoint that if you stop worrying about money and do what you are good at and love to do, the money will eventually come. I cannot agree more.

This book isn't about becoming a millionaire, in fact, most millionaires are secretly or openly miserable and have few real friends, if none at all. This book is about pursuing your passions and becoming successful at doing so, following some basic economic principals.

The seven laws are:
1- Do what you say you want to do. (Here, he elaborates on pursuing your passions.)
2- Money has its own rules. (He talks about basic principles, such as saving, good investments, etc.)
3- Money is a dream. (The illusion of money. Many people forget this-money means nothing in the end.)
4- Money is a nightmare. (What happens when we forget money is an illusion.)
5- You can never really give money away. (Because it means nothing.)
6- You can never really receive money as a gift. (Because then it has less value to the person you give it to-they did not have to work for it.)
7-There are worlds without money. (Indigenous tribes, the outdoors, trade exchange.)

These are just my vague interpretations of the law, but read it for yourself and make your own interpretations.
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1 of 1 people found the following review helpful By Joan Howe on March 12, 2010
Format: Paperback
If you're looking for a book about making money or managing your money, go elsewhere; there are lots of books that cover those topics. This is a book about the psychological and philosophical and even mystical nature of money and the unexpected effects it can have on your life if you don't understand it. It's in plain non-sectarian English with illustrative poems and stories. It was written in 1974, so many of the hard numbers seem ridiculously tiny, the statistics no longer apply, and the description of the banking industry is hardly recognizable. There is also an occasional "word you can't say on TV," and a blase' attitude toward illegal drugs. However, the Seven Laws themselves and the stories and poems are still as relevant as ever.

It's hard to pick out a really representative quotation from a book that is really more of a collection than a unified work, but I think the following comes close:

"Say you've got the $100,000 that you desired. You are now the process that it took you to get there. If you had to sell dope, you're a dope dealer with $100,000. You don't just have $100,000. Because by then you're the shrewd dope dealer or you're the tough president of a junkyard, that's what you are... You will only have people who appreciate your money and your peers in the junk business as friends and their only concern is what's happening to the price of steel. You won't even read the front page of the Wall Street Journal -- you'll just turn to page 27 every day to check the stock prices."
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