The Psychology of Money

The Psychology of Money - Review

Success is mostly recognized by how much money one earns in one's life. But success is also about what one does with the hard-earned money. In fact, monetary success is about what one does to use money mindfully. The book "Psychology of money" does give an insight about the same...

The top takeaways from the book can be;-

Respect your money - don't take it for granted.
Never take the monetary risks that can make you/your family into zero.
Compounding - it works only when you give enough time. It demands your patience.
The probability of your success is the same as the probability of your peers' success. Luck can interfere sometimes and that doesn't mean you cannot or should not do your best.
You can just save money for the sake of saving - without any reason.
Just a question - "What do you own? Why do you own them?"

When coming to the book, it is pretty simple and short; No complex formulae or logic behind the author's words. If you are a beginner in finance in terms of investments, stocks, etc., you may feel discomfort at a few moments.

They are from the examples the author uses for a better understanding. Yeah, in the end, you get what the author wanna say even if you could not understand the word-to-word meaning. However, the book is not to teach those terms; it is to discuss how money can affect us-The Psychology of money, indeed...

Thank you for reading the post..! Feel free to say your thoughts about the book in the comment section..!

P. S. If you have come across any cool book , don't forget to share it, and help us reach the 'Eternal Thing'...

Comments

25 and Disappointed: Can’t we choose simple life?

There’s something strange about the way we live now. It’s not enough to do your job. You have to grow. Climb. Upskill. Network. Earn more. Spend more. Repeat. People areound you - even the ones who seem tired - still say, “Keep pushing.” The ones ahead keep reaching higher. The ones behind are told to catch up. And if you stand still for even a moment, they say you’re wasting time. But no one explains why. Why is a peace a problem? Why is being satisfied with what you have seen as a failure? This idea of “simple life” - it used to be normal. Work. Come home. Cook. Be with the people you love. Rest. Now it’s rare. Or romanticized. Or quietly looked down on. We’re told that success means constant movement. That we need to hustle, or we’ll be left behind. But behind what, really? We’ve normalized the rat race, without asking who started it. And the truth is - only a few can actuallly win it. Most people burn out trying. Others fake their way through it, smiling through st...

25 and Disappointed: The tragedy of leaving home

It’s strange, isn’t it? We live in a world with high-speed internet, 5G, instant messages, Zoom calls and flight tickets that can take us across the country in a few hours. The world has never been more connected. And yet… we’re all so far apart. We are becoming disabled in this tech enabled world. People move away from home more than ever. To study. To work. To “build a future.” Yes, it’s needed sometimes. For learning. For exposure. But often… it seems we are allowing it quietly more than required. Maybe it’s just the system forcing us to. All the jobs are in cities. All the money, infrastructure and “opportunities”. Hence we leave. We leave behind warm meals, evening walks with parents, familiar lanes and families that actually feel like festivals. We leave people who raised us - and see them only on phone calls or during a short visit squeezed between deadlines. For what? For a cubicle in a crowded city, A rented flat that never feels like home, Weekends that vanish in chores,...

Bye-bye strict timetables...! - The Bloggers League 2022

Author: Rama Subrahmanyam (ramasubrahmanyam.m@gmail.com) When we are planning for multi-tasking, we divide our time and allocate it for each task. That is a great thing, as it gives a chance for incremental growth, eventually getting compounded... Scheduling makes us punctual; sometimes forces us to be punctual if someone is counting on us, say an examination, office meeting, so on... Besides strict things, some activities should happen at planned times, like sports, gym, etc. But, we still have things, that can be done in our free time - say reading books, solving puzzles, or learning something of our passion. Should we also maintain the timetable in those cases...? Well, may not be that necessary... We get used to a task at the same time if we have a strict timetable; In a way, can also affect our peace... Suppose due to urgent work, we missed a task - We may develop a bad feeling, ...

The Eternal Thing

Search This Blog