Nothing is Ever Enough
Rich people do crazy things. Bernie Madoff had everything only to lose everything because he had no sense of enough. The lesson? There is no need to risk what you have and need for what you don’t have and don’t need.
- The hardest financial skill is getting the goalpost to stop moving.
- If expectations rise with results there is no logic in striving for more because you’ll feel the same after putting in the extra effort.
- Happiness equals results minus expectations.
- Social comparison is the problem.
- Accept that you might have enough, even if it is less than those around you.
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The Psychology of Money is a collection of short stories exploring the strange ways people think about money and teaches you how to make better sense of it.
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The idea is part of this collection:
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
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