Saturday, July 17, 2021

10 Lessons & Best Ideas From The PSYCHOLOGY OF MONEY By Morgan Housel



1. People’s behaviour with money is predicated on many factors that are unique to them.

2. Doing well with money has a little to do with your IQ, but more to do with your EQ.

3. The world is too complex to allow only your actions to determine the outcome; there must be room for luck and risk.

4. Enough is a language of satisfaction. And satisfaction is the road to happiness.

5. Big things often stem from small things that are hardly noticed at the beginning but often seen at the end.

6. Wealth can be attained in different ways, but can only be maintained in one way; some combination of frugality and paranoia.

7. Freedom is the highest dividend money pays. It is what money gets you when nothing else does.

8. True wealth is not seen. It is kept as both tangible and intangible assets.

9. Building wealth is not about how much you are making, but how much you are keeping.

10. The only effective way to navigate the world that is full of odds and uncertainties is to create a room for error or redundancy.

Suggested Articles: 

1) 15 Reasons Why You Must Have Your Own Book: https://sopiensofgod.blogspot.com/2020/09/15-reasons-why-you-must-have-your-own.html

2) Why You Must Document Your Life: https://sopiensofgod.blogspot.com/2020/11/youve-got-to-document-your-life.html 

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