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18 ideas
·55.5K reads
150
8
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“Some people are born into families that encourage education; others are against it. Some are born into flourishing economies encouraging of entrepreneurship; others are born into war and destitution. I want you to be successful, and I want you to earn it. But realize that not all success is due to hard work, and not all poverty is due to laziness. Keep this in mind when judging people, including yourself.”
313
4.28K reads
“Money’s greatest intrinsic value—and this can’t be overstated—is its ability to give you control over your time.”
293
4.15K reads
“Spending money to show people how much money you have is the fastest way to have less money.”
299
3.92K reads
“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.”
353
3.44K reads
“Planning is important, but the most important part of every plan is to plan on the plan not going according to plan.”
290
3.51K reads
“Independence, to me, doesn’t mean you’ll stop working. It means you only do the work you like with people you like at the times you want for as long as you want.”
282
3.13K reads
“Be nicer and less flashy. No one is impressed with your possessions as much as you are. You might think you want a fancy car or a nice 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 and chrome.”
309
3.66K reads
289
2.95K reads
“Growth is driven by compounding, which always takes time. Destruction is driven by single points of failure, which can happen in seconds, and loss of confidence, which can happen in an instant.”
263
2.68K 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.”
298
2.6K reads
“Using your money to buy time and options has a lifestyle benefit few luxury goods can compete with.”
230
2.55K reads
“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.”
226
2.5K reads
234
2.64K reads
IDEAS CURATED BY
"In fact, the confidence of the people is worth more than money." ~ Carter G. Woodson
CURATOR'S NOTE
A selection of quotes from the book The Psychology of Money by Morgan Housel
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Learn more about books with this collection
How to develop a healthy relationship with money
How to create a budget
The impact of emotions on financial decisions
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