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A good rule of thumb for a lot of things in life is that everything that can break will eventually break
5
57 reads
Arrange your financial life in a way that a bad investment here and a missed financial goal there won’t wipe you out so you can keep playing until the odds fall in your favor
6
50 reads
Warren Buffett’s net worth is $84.5 billion. Of that, $84.2 billion was accumulated after his 50th birthday
7
54 reads
Doing well with money has a little to do with how smart you are and a lot to do with how you behave
4
47 reads
“Savings can be created by spending less.
You can spend less if you desire less.
And you will desire less if you care less about what others think of you.
Money relies more on psychology than
finance
7
46 reads
Modern capitalism is a pro at two things: generating wealth and generating envy
3
45 reads
You can build wealth without a high income, but have no chance of building wealth without a high savings rate
6
43 reads
There's only one way to stay wealthy: some combination of frugality and paranoia. And that's a topic we don't discuss enough.
4
40 reads
Using your money to buy time and options has a lifestyle benefit few luxury goods can compete with
6
34 reads
Spending money to show people how much money you have is the fastest way to have less money
5
34 reads
It gets dangerous when the taste of having more—more money, more power, more prestige— increases ambition faster than satisfaction
You feel as if you’re falling behind, and the only way to catch up is to take greater and greater amounts of risk
4
28 reads
IDEAS CURATED BY
CURATOR'S NOTE
15 Powerful Financial Lessons From the Book "The Psychology of Money"
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Curious about different takes? Check out our The Psychology of Money Summary book page to explore multiple unique summaries written by Deepstash users.
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