Kiran Patel's Key Ideas from The Psychology of Money
by Morgan Housel
Ideas, facts & insights covering these topics:
9 ideas
·8.29K reads
26
1
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Your personal experience with money makes up maybe 0.00000001% of what's happened worldwide. but maybe 80% of how you think the world works.
MORGON HOUSEL
46
1.54K reads
Everyone's Money is Different
Just like how everyone has their favorite toys, people have different ways they like to use their money.
40
1.2K reads
There's No Right or Wrong Way
Imagine if everyone liked the same games - that would be boring! It's the same with money. Some people like to save a lot, while others like to spend a bit more.
41
1.07K reads
It's OK to Be Different
Some friends might have different rules at home about money. That's perfectly fine! It's like having different rules for games.
36
1.04K reads
Big or Small, It's All Good
Some people might think saving a lot of money is best, while others might think spending on fun things is more important. Both ideas are okay!
37
1K reads
Listen and Share
Just like how we talk about our favorite games, it's good to talk about money with friends and family. We can learn from each other!
38
1.01K reads
Luck & Risk
Don't blame yourself if something goes wrong in life even if you try everything is possible.
Outcomes depend on another factor than individual effort.
19
456 reads
26
471 reads
IDEAS CURATED BY
CURATOR'S NOTE
"The Psychology of Money" offers valuable insights into how emotions and behaviors influence financial decisions, providing practical wisdom for lifelong financial success.
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Curious about different takes? Check out our The Psychology of Money Summary book page to explore multiple unique summaries written by Deepstash users.
Different Perspectives Curated by Others from The Psychology of Money
Curious about different takes? Check out our book page to explore multiple unique summaries written by Deepstash curators:
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