Everything has a price, but not all prices appear on labels.
The price of investing success is not immediately obvious. It’s not a price tag you can see, so when the bill comes due, it doesn’t feel like a fee for getting something good. It feels like a fee for doing something wrong.
Most things are harder in practice than they are in theory. This is often because we are not good at identifying what the price of success is, which prevents us from being able to pay it. The price of successful investing is volatility, fear, doubt, uncertainty, and regret.
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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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When you hear something, ask:
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Now is the time to take risks. Do something bold. You won't regret it.
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