The Psychology of Money
- By Morgan Housel
“Use money to gain control over your time, because not having control of your time is such a powerful and universal drag on happiness. The ability to do what you want, when you want, with who you want, for as long as you want to, pays the highest dividend that exists in finance.”
The biggest value of money isn’t to buy luxury goods but to gain control over your time and life – the ultimate form of freedom.
Let me share some good news - success with money isn’t about knowledge, IQ, or mathematical prowess. It’s about behavior.
 |
| source : google |
The Psychology Of Money Summary:-
Psychology of money is a must-read for anyone who wants to make smarter financial decisions and have a better relationship with money. The book explores how our backgrounds and experiences make all the difference to our risk tolerance. In this book, Housel underscores the role of luck and risk in outcomes, the power of compounding, how you pay the price to make financial gains, and the tremendous influence of optimism and pessimism on decision-making.
 |
| source: google |
The Psychology Of Money Book Quotes :-
- “Your personal experiences with money make up maybe 0.00000000001% of what’s happened in the world, but maybe 80% of how you think the world works.”
- “Planning is important, but the most important part of every plan is to plan on the plan not going according to plan.”
- “Independence, to me, doesn’t mean you’ll stop working. It means you only do the work you like with people you like at the times you want for as long as you want.”
- “Less ego, more wealth. Saving money is the gap between your ego and your income, and wealth is what you don’t see."
- “one of the most powerful ways to increase your savings isn’t to raise your income. It’s to raise your humility.”
- “The only way to be wealthy is to not spend the money that you do have. It’s not just the only way to accumulate wealth; it’s the very definition of wealth.”
.webp)
Post a Comment
0 Comments