2. You understand the value of money - Deepstash

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2. You understand the value of money

When you are poor, you have to manage everything with whatever you earn. As you learn to value money; you also learn to work out, with whatever you earn as money don't come to you easily.

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MORE IDEAS FROM THE SAME ARTICLE

Today! We are looking at Top 3 advantages of being born poor. Please don't get us wrong! Being born rich is wonderful, but being born poor and becoming successful later in life by working hard. Your life status becomes the next level.

You know what being poor means. So, you work hard 24 X 7 to make your life better. So, that your kids can get a better life, a better opportunity that you never had when you're young. When you are poor, you value everything because even the basic things are hard to get. It is almost like a luxury...

When you're poor, the more knowledge you have more you learn. That's simple! In order, to earn more you enhanced your existing knowledge or you explore more areas of different fields in order to earn more. Thus, you begin to gain more knowledge along the way and also. You begin to gain re...

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Kelly Criterion: Avoid Ruin

The Kelly criterion is a popularized mathematical formulation of a simple concept: Don’t risk everything. Stay out of jail. Don’t bet everything on one big gamble. Be careful how much you bet each time, so you don’t lose the whole kitty.

The number one way people get ruined in modern busine...

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The Dunning-Kruger Effect

... a type of cognitive bias in which people believe that they are smarter and more capable than they really are.

The combination of poor self-awareness and low cognitive ability leads them to overestimate their own capabilities.

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Dunning-Kruger Effect

  • The Dunning-Kruger effect is a type of cognitive bias in which people believe that they are smarter and more capable than they really are. Essentially, low ability people do not possess the skills needed to recognize their own

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