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

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