Learn more about moneyandinvestments with this collection
How to develop a healthy relationship with money
How to create a budget
The impact of emotions on financial decisions
People like to feel like they’re in control—in the drivers’ seat. When we try to get them to do something, they feel disempowered. Rather than feeling like they made the choice, they feel like we made it for them. So they say no or do something else, even when they might have originally been happy to go along.
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Beating the market should be hard; the odds of success should be low. If they weren’t, everyone would do it, and if everyone did it there would be no opportunity. So no one should be surprised that the majority of those trying to beat the market fail to do so. (The statistics show 85% of large-ca...
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Studying a specific person can be dangerous because we tend to study extreme examples—the billionaires, the CEOs, or the massive failures that dominate the news—and extreme examples are often the least applicable to other situations, given their complexity. The more extreme the outcome, the less ...
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Welcome, I post what i read Everything I post is in the book, I'll quote it if it's my own opinion
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It occurs when we feel that we don't deserve our successes and the rewards that come along with them.
We believe they’re caused by luck, timing, or other factors outside of our control, instead of embracing the fact that we’re actually responsible for having made them hap...
When someone comes to you for help, they’re trusting you to hear them out without being judgmental or condescending.
Focus on what they can do or change right now. Try something like, “It might help to consider….”
There’s a big part of us that doesn’t like chaos: we want order and simplicity.
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