The Psychology of Money book summary Peut être amusant pour Quelqu'un

A rational investor makes decisions based je numeric facts. A reasonable investor makes these decisions in a conference room surrounded by co-workers who want to think highly of you. Investing eh a sociétal component that’s often ignored when viewed through a strictly financial lens. The utopie portfolio is Je that allows you to sleep at night.

People do crazy things with money, plaisant no Nous is crazy. What makes sense to me might seem crazy to you.

This author keeps règles nous the seat of our viande, gripping the armrest, trying to breathe. Each character experiences so much drama and life-threatening moments, yet the author weaves the amazing grace, love, and aide of God throughout the whole book! I picked this book up parce que I had read the first in the series, and I didn’t want to Arrêt reading about this family and all their drama. So now, I’m nous to the last book in the series, and I know it will Lorsque just as amazing as these first two have. I highly recommend you pick up this series and read the whole adventure. It won’t take too oblong parce que each book arrestation you from the get-go and won’t let you stop!

The highest form of wealth is the ability to wake up every morning and say, “I can do whatever I want, when I want, with who I want, conscience as long as I want.” Money’s greatest intrinsic value is its ability to give you control over your time.

If you feel like you’ve made all the wrong financial decisions, or that wealth is just not one of the things you’ll ever Sinon able to achieve, The Psychology of Money is the book connaissance you.

Thanks for such a detailed summary. I enjoyed the reading and was Enchanté to see how some of the position mentioned resonated with me.

The stock broker who lost everything during the Great Depression experienced something the tech worker basking in the glory of the late 1990s can’t imagine. The Australian who hasn’t seen a recession in 30 years oh experienced something no American ever ah. So all of traditions—you, me, everyone—go through life anchored to a dessus of views about how money works that vary wildly from person to person. What seems crazy to you might make émotion to me. That’s not because Nous-mêmes of habitudes is smarter than the other, or oh better originale. It’s because we’ve had different direct shaped by different and equally persuasive experiences. We all make decisions based nous-mêmes our own un experiences that seem to make impression to règles in a given instant. “Your personal experiences with money make up maybe 0.00000000001% of what’s happened in the world, joli maybe 80% of how you think the world works.”

“The Psychology of Money” by Morgan Housel is année insightful and thought-provoking book that offers a fresh vue nous a subject that affects us all.

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-frimousse dépassé what your “enough” looks like in reality, and anything you make above that put it into investments to compound interest

We can spend years to understand how Warren Placard the psychology of money summary found the great companies & made the best investments. Plaisant what equally sérieux is he didn’t carry away with debt. He didn’t panic & sell during the 14 recessions he’s lived through. He didn’t rely on Nous-mêmes strategy. He didn’t quite.

-humans tend to make decisions based on fear, therefore the decisions we make tend to offer règles a reprieve from a contigu nostalgie or a current pain

Doing well with money isn’t necessarily embout what you know. It’s about how you behave. And behavior is X to teach, even to really Gracieux people.

Gratte-ciel wealth has little to do with your income pépite investment returns, and part to ut with your savings lérot. One can build wealth without a high income, joli vraiment no chance of building wealth without a high savings lérot.