Des notes détaillées sur The Psychology of Money
Des notes détaillées sur The Psychology of Money
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The media uses fear to scare investors into making irrational decisions about their investments. And it works as well parce que it is easier to create a narrative around pessimism because the story pieces tend to Si fresher and more recent.
Housel advocates intuition financial flexibility, suggesting that rigid financial modèle often fail when life throws unexpected curveballs.
The psychology of money is the study of our behavior with money. According to the author, the crochet to managing your relationship with money and having a Chanceux and fulfilling life is twofold - Get clear on your financial goals
People acquire wealth parce que they believe this will make them Si liked and admired. Plaisant, wealth just makes others habitudes this as a benchmark expérience their own desire to Si liked and admired. If observation and admiration are your goal, Supposé que careful how you seek it. Humility, kindness, and empathy will bring you more examen than horsepower ever will. Recommended by LinkedIn
Today’s economy is Winner-all-take economy. You can hire the best in the world and so good person to ut your work. This is the time when flexibility matters the most.
Reading it will open your mind towards new vue and have you conduct an introspection to realize how biased you were all along. This book will give you little steps to take to see moment échange in your financial life.
Are you a greedy person? Of randonnée not! Or at least, that’s what you tell yourself. We all like to think highly of ourselves and blame our misfortune on bad odds. This is the subdivision of Jesse Livermore, a dépôt market trader born in 1877.
Young people pay good money to remove the tattoos that teenagers pay to get it. Middle-age people rushed to décollement people who young adults rushed to marry.
Pessimism reduces expectations. It narrows the gaps between possible outcomes & the outcomes you feel good embout. That’s why it is seductive.
This book highlights the portée of savings rather than any specific financial theory, and encourages the reader to keep lifestyle low-passe-partout no matter how much money we have earned. It's worth reading.
With that flexibility, you can wait expérience the perfect opportunities in your career and your investments. You’ll Sinon in a better position to learn new skills when necessary.
Plaisant realizing that people who have control over their time tend to Si happier in life is a broad and common enough examen that you can ut something with it. Finally, recognizing the role of luck in success and the role of risk in failure renfort coutumes develop greater humility when things are going right and compassion when they are going wrong. When things are going well, know that you’re not invincible. When things are going bad, know that you’re not a disaster. Chapter 3. Never enough - learn to stop shifting the goalpost
Comparing your wealth with other people is a never-ending Partie. It’s the battle that can never Si won pépite that the only way to win is not to fight to the psychology of money resume begin with- to accept that it might have enough, even if it’s less than those around you.
The trick when dealing with failure is arranging your financial life in a way that a bad investment here and a missed financial goal there won’t wipe you out so you can keep playing until the odds fall in your favor.