The Psychology of Money - Deepstash
The Psychology of Money

JAGADEESH M M's Key Ideas from The Psychology of Money
by Morgan Housel

Ideas, facts & insights covering these topics:

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Have The Right Mindset To Attract Money

1. Go out of your way to find humility when things are going right and forgiveness/compassion when they go wrong.

2. Less ego, more wealth.

3. Manage your money in a way that helps you sleep at night.

4. If you want to do better as an investor, the single most powerful thing you can do is increase your time horizon.

5. Become OK with a lot of things going wrong. You can be wrong half the time and still make a fortune.

6. Use money to gain control over time.

7. Be nicer and less flashy.

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44 reads

Define the cost of success

8. Save. Just save. You don't need a specific reason to save.

9. Define the cost of success and be ready to pay it.

10. Worship room for error.

11. Avoid the extreme ends of financial decisions.

12. You should like risk because it pays off over time.

13. Define the game you're playing.

14. Respect the mess.

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IDEAS CURATED BY

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CURATOR'S NOTE

Key pointers to have the right mindset towards money.

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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