9 TAKEAWAYS from an INTERNATIONAL BEST SELLER.
PS Secret note for teens at the end ;)
Here…
There are a very few books which I consider to be worthy of a 11/10 rating… on the basis of their quality.
Thing's can be personal.
But trust me this book completely changed my mindset and the last thing I knew was I was a changed person.
Not that idiot who was egoistic, anime obsessed and immature…
Well…
Here are 9 takeaways from Morgan Housel's international best seller book *"Psychology of Money"*...
PS there's a secret note for teenagers at the end ;)
1.
Money affects more than simply money; it also affects attitudes and actions.
To succeed financially, you must first understand your own psyche.
2.
Making regular investments and savings is more significant than attempting to time the market.
Your financial future may be significantly impacted by little, continuous acts over time.
3.
Your personal background and experiences have an impact on how you view money. Knowing this can assist you in making wiser financial choices.
4.
A significant factor that can work for or against you is compound interest. Compound interest has more time to work in your favour if you start saving and investing early.
5.
Frequently, taking no chances entails the greatest financial danger.
You may reduce risk and achieve long-term gain with the aid of a well-diversified portfolio.
6.
Avoiding financial blunders is frequently more crucial than attempting to choose the best investments. It's crucial to maintain discipline and focus on your long-term objectives because emotions can lead to bad decision-making.
7.
While security and freedom cannot be purchased with money, they can be. A more fulfilling life might result from having enough money to meet your basic necessities and follow your interests.
8.
Money is a tool, not a goal in and of itself. It's crucial to be clear about your financial goals and to set your course of action accordingly.
9.
Patient, humble, and careful investors are frequently the most successful investors.
Hope you like...
If you are a teen having business or entrepreneurial mindset, be a part of the rising national level teenagers's community *Getting Rich* at: https://bit.ly/GettingRichGroup
Have a good day.
#change #teens #teenager #money #mindset #psychologyofmoney #teenagemoney
And feel free to comment :)