The Psychology of Money - Deepstash
The Psychology of Money

Ashish R's Key Ideas from The Psychology of Money
by Morgan Housel

Ideas, facts & insights covering these topics:

15 ideas

·

696 reads

2

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THE PSYCHOLOGY OF MONEY

Saving is the gap between your ego and your income

THE PSYCHOLOGY OF MONEY

5

76 reads

THE PSYCHOLOGY OF MONEY

More than I want big returns, I want to be financially unbreakable

THE PSYCHOLOGY OF MONEY

4

65 reads

THE PSYCHOLOGY OF MONEY

A good rule of thumb for a lot of things in life is that everything that can break will eventually break

THE PSYCHOLOGY OF MONEY

5

57 reads

THE PSYCHOLOGY OF MONEY

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

THE PSYCHOLOGY OF MONEY

6

50 reads

THE PSYCHOLOGY OF MONEY

Warren Buffett’s net worth is $84.5 billion. Of that, $84.2 billion was accumulated after his 50th birthday

THE PSYCHOLOGY OF MONEY

7

54 reads

THE PSYCHOLOGY OF MONEY

Doing well with money has a little to do with how smart you are and a lot to do with how you behave

THE PSYCHOLOGY OF MONEY

4

47 reads

THE PSYCHOLOGY OF MONEY

“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

THE PSYCHOLOGY OF MONEY

7

46 reads

THE PSYCHOLOGY OF MONEY

Happiness is just results minus expectations

THE PSYCHOLOGY OF MONEY

6

48 reads

THE PSYCHOLOGY OF MONEY

Modern capitalism is a pro at two things: generating wealth and generating envy

THE PSYCHOLOGY OF MONEY

3

45 reads

THE PSYCHOLOGY OF MONEY

You can build wealth without a high income, but have no chance of building wealth without a high savings rate

THE PSYCHOLOGY OF MONEY

6

43 reads

THE PSYCHOLOGY OF MONEY

There's only one way to stay wealthy: some combination of frugality and paranoia. And that's a topic we don't discuss enough.

THE PSYCHOLOGY OF MONEY

4

40 reads

THE PSYCHOLOGY OF MONEY

Using your money to buy time and options has a lifestyle benefit few luxury goods can compete with

THE PSYCHOLOGY OF MONEY

6

34 reads

THE PSYCHOLOGY OF MONEY

Everything has a price, but not all prices appear on labels

THE PSYCHOLOGY OF MONEY

5

29 reads

THE PSYCHOLOGY OF MONEY

Spending money to show people how much money you have is the fastest way to have less money

THE PSYCHOLOGY OF MONEY

5

34 reads

THE PSYCHOLOGY OF MONEY

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

THE PSYCHOLOGY OF MONEY

4

28 reads

IDEAS CURATED BY

ashish7

Dreamer ☀️

CURATOR'S NOTE

15 Powerful Financial Lessons From the Book "The Psychology of Money"

Curious about different takes? Check out our The Psychology of Money Summary book page to explore multiple unique summaries written by Deepstash users.

Ashish R's ideas are part of this journey:

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