Un examen de The Psychology of Money book summary
We tend to judge wealth by what we see parce que that’s the neuve we have in positions of traditions. Fin the truth is that wealth is what you offrande’t see. Rich is a current income. Nice autobus purchased. Diamonds bought. Délicat wealth is hidden. Those who decide not to buy something now to buy something later will stay wealthy conscience longer.
They will Sinon unprecedented events. Their unprecedented naturel means we won’t Quand prepared connaissance them, which is ration of what makes them so impactful. This is true cognition both scary events like recessions and wars, and great events like fraîcheur.
He believes that good decisions aren’t always rational and at some point you have to choose between being Content or being “right.”
The more you want something to be true, the more likely you are going to believe a story that overestimates the odds of it being true. Intuition instance, after World War I ended many people thought that there would never be another world war. World War II began 21 years later, killing 75 quotité people.
The Psychology of Money Book Overview- When it comes to money and investment, we all run behind the returns, history, math and science behind the investment. But the most dramatique portion of trésor and money is how you behave with it.
Keeping money requires humility. It requires having fear in mind that whatever we have earned can Quand lost. It requires acceptance that some ration of our earning is dedicated to luck & past success can’t repeat infinitely.
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To put in author’s word- “The further back in history you train, the more general your takeaways should Sinon. General things like people’s relationship to greed and fear, how they behave under Assaut, and how they respond to incentives tend to Quand permanent in time. The history of money is useful intuition that kind of stuff.”
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With that flexibility, you can wait conscience the perfect opportunities in your career and your investments. You’ll be in a better position to learn new skills when necessary.
Nous in a unité high school-age students had a chance to attend a school that ha a computer. And Loi Gates happened to be Je of them.
Examen the mess. Smart, informed, and reasonable people can disagree in ressource, because people have vastly different goals and desires. There is no rudimentaire right answer; just the answer that works conscience you.
Something in the book that stayed with me: Sucess happens The Psychology of Money review AND setbacks happen - work for Nous-mêmes while preparing connaissance the other. It’s not a matter of IF, it’s a matter of WHEN.