Use money to gain control over your time, because not having control of your time is such a powerful and universal drag on happiness. The ability to do what you want, when you want, with who you want, for as long as you want to, pays the highest dividend that exists in finance.

Money’s greatest intrinsic value—and this can’t be overstated—is its ability to give you control over your time.

Things that have never happened before happen all the time.

Planning is important, but the most important part of every plan is to plan on the plan not going according to plan.

doing something you love on a schedule you can’t control can feel the same as doing something you hate.

progress happens too slowly to notice, but setbacks happen too quickly to ignore.

Saving is the gap between your ego and your income.

<img alt=" Goodreads News &amp; Interviews" src="https://images.gr-assets.com/misc/1642616779-1642616779_goodreads_misc.png" width="180" height="113"><div dir="ltr">
 “Luck and risk are both the reality that every outcome in life is guided by forces other than individual effort. They are so similar that you can’t believe in one without equally respecting the other. They both happen because the world is too complex to allow 100% of your actions to dictate 100% of your outcomes. They are driven by the same thing: You are one person in a game with seven billion other people and infinite moving parts. The accidental impact of actions outside of your control can be more consequential than the ones you consciously take.”
 ―
 
 Morgan Housel,
 
 
 <a href="https://www.goodreads.com/work/quotes/65374007" dir="ltr">The Psychology of Money</a>
 
 




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 “At a party given by a billionaire on Shelter Island, Kurt Vonnegut informs his pal, Joseph Heller, that their host, a hedge fund manager, had made more money in a single day than Heller had earned from his wildly popular novel Catch-22 over its whole history. Heller responds, “Yes, but I have something he will never have … enough.” Enough. I was stunned by the simple eloquence of that word—stunned for two reasons: first, because I have been given so much in my own life and, second, because Joseph Heller couldn’t have been more accurate. For a critical element of our society, including many of the wealthiest and most powerful among us, there seems to be no limit today on what enough entails.”
 ―
 
 Morgan Housel,
 
 
 <a href="https://www.goodreads.com/work/quotes/65374007" dir="ltr">The Psychology of Money</a>
 
 




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 “More than 2,000 books are dedicated to how Warren Buffett built his fortune. Many of them are wonderful. But few pay enough attention to the simplest fact: Buffett’s fortune isn’t due to just being a good investor, but being a good investor since he was literally a child. As I write this Warren Buffett’s net worth is $84.5 billion. Of that, $84.2 billion was accumulated after his 50th birthday. $81.5 billion came after he qualified for Social Security, in his mid-60s. Warren Buffett is a phenomenal investor. But you miss a key point if you attach all of his success to investing acumen. The real key to his success is that he’s been a phenomenal investor for three quarters of a century. Had he started investing in his 30s and retired in his 60s, few people would have ever heard of him. Consider a little thought experiment. Buffett began serious investing when he was 10 years old. By the time he was 30 he had a net worth of $1 million, or $9.3 million adjusted for inflation.16 What if he was a more normal person, spending his teens and 20s exploring the world and finding his passion, and by age 30 his net worth was, say, $25,000? And let’s say he still went on to earn the extraordinary annual investment returns he’s been able to generate (22% annually), but quit investing and retired at age 60 to play golf and spend time with his grandkids. What would a rough estimate of his net worth be today? Not $84.5 billion. $11.9 million. 99.9% less than his actual net worth. Effectively all of Warren Buffett’s financial success can be tied to the financial base he built in his pubescent years and the longevity he maintained in his geriatric years. His skill is investing, but his secret is time. That’s how compounding works. Think of this another way. Buffett is the richest investor of all time. But he’s not actually the greatest—at least not when measured by average annual returns.”
 ―
 
 Morgan Housel,
 
 
 <a href="https://www.goodreads.com/work/quotes/65374007" dir="ltr">The Psychology of Money: Timeless lessons on wealth, greed, and happiness</a>
 
 




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Hello Beautiful people I am sharing some quotes from my recent reading i hope you like

399 quotes from The Psychology of Money: ‘Some people are born into families that encourage education; others are against it. Some are born into flourish...

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Money & Investments

The Psychology of Money Quotes by Morgan Housel

MORGAN HOUSEL

MORGAN HOUSEL

MORGAN HOU

MORGAN HOUSEL

MORGAN HOUSEL

MORGAN HOUSEL

MORGAN HOUSEL

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