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Nov 7, 2023 · For me, four lessons from the book helped me improve my money mindset and invest more. 1. The magic ingredient in compounding is time. Compound interest helps investors build wealth by generating ...
Jan 15, 2024 · Key Takeaways from The Psychology of Money byMorgan Housel. Housel’s book is a short 20-chapter read that imparts enough wisdom for you to adopt a productive financial mindset. Some of its key takeaways include: 1. You’re not crazy when it comes to money—no one is.
Housel writes that if he had to summarize money success in a single word, it would be “survival.”. Not “growth” “brains” or “insight,” but “survival.”. The ability to stick around for a long time without wiping out or being forced to give up makes the biggest difference when it comes to making money.
Jun 8, 2023 · how we make money. . “The Psychology of Money” is a compelling, quick read that shows how the ability to achieve wealth often depends more on healthy behavioral skills than on intelligence ...
The Psychology of Money is an essential read for anyone who wants to make wiser decisions or live a richer life." -- Daniel H. Pink, #1 New York Times Bestselling Author of When, To Sell Is Human, and Drive "The Psychology of Money is bursting with interesting ideas and practical takeaways.
Aug 16, 2021 · Here are some ways to build a healthier relationship with money. First, know that it’s okay to feel emotional about money. Use them to understand your values, your fears, your needs, and your ...
The Psychology of Money by Morgan Housel is a book about money that, unlike most other finance self-help books, is not about teaching you how to get rich quick. It teaches you about money as a concept as well as giving you a sense of direction about how to think about money.
- Morgan Housel
