The Psychology of Money

Good investing is not necessarily about making good decisions. It's about consistently not screwing up.

Getting money requires taking risks, being optimistic, and putting yourself out there. But keeping money requires the opposite of taking risk. It requires humility, and fear that what you've made can be taken away from you just as fast. 

If I had to summarize money success in a single world it would be "survival".

Controlling your time is the highest dividend money pays.

The highest form of wealth is the ability to wake up every morning and say, "I can do whatever I want today.'

People want to become wealthier to make them happier. Happiness is a complicated subject because everyone's different. But if there's a common denominator in happiness a universal fuel of joy it's that people want to control their lives.

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

There is no faster way to feel rich than to spend lots of money on really nice things. But the way to be rich is to spend money you have, and not to spend money you don't have, It's really that simple.

It's hard and requires self-control. But it creates a gap between what you could do and what you choose to do that accrues to you over time.