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Less Ego, More Wealth
Saving money is the gap between your ego and your income, and wealth is what you don't see. So Wealth is created by suppressing what you could buy today in order to more stuff or more options in the future.
345
3.53K reads
Manage your money in a way that helps you sleep at night.
Some people won't sleep well unless they are earning the highest returns; others will only get a good rest if they're conservatively invested. To each their own.
295
2.95K reads
Increase Your Time Horizon
Time is the most powerful force in investing. It makes little things grow and big mistakes fade away. It can't neutralize luck and risk, but it pushes results closer towards what people deserve.
290
2.5K reads
Become OK with things going wrong.
You can be wrong half the time and still make a fortune, because a small minority of things accounts for the majority of outcomes. It is fine to have a large chunk of poor investments and a few outstanding ones.
295
2.27K reads
Be nicer and less flashy
No one is impressed with your possessions as much as you are. You might think that you want a fancy car or a watch, but what you probably want is respect and admiration. And you're more likely to gain those things through kindness and humility than horsepower or chrome.
330
2.68K reads
IDEAS CURATED BY
Curious about different takes? Check out our The Psychology of Money Summary book page to explore multiple unique summaries written by Deepstash users.
Dhawal Ramdham's ideas are part of this journey:
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