The Psychology of Money - Deepstash

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MORGON HOUSEL

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

44

1.27K reads

Everyone's Money is Different

Just like how everyone has their favorite toys, people have different ways they like to use their money.

38

1.08K 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.

39

970 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.

34

947 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!

35

908 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!

36

927 reads

Luck & Risk

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.

16

362 reads

BILL GATES

Success is a lousy teacher. It seduces smart people into thinking they can't lose

BILL GATES

23

373 reads

MORGAN HOUSEL

Happiness = Result - Expected Outcome

MORGAN HOUSEL

17

389 reads

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.

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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