Quote by -MORGAN HOUSEL, THE PSYCHOLOGY OF MONEY - Deepstash
-MORGAN HOUSEL, THE PSYCHOLOGY OF MONEY

"Planning is important, but the most important part of every plan is to plan on the plan not going according to plan.

-MORGAN HOUSEL, THE PSYCHOLOGY OF MONEY

39

386 reads

CURATED FROM

IDEAS CURATED BY

gyaanmojo

Reading Books And Sharing Knowledge

Key Lesson from "Psychology of money" written by Morgan Housel

The idea is part of this collection:

Deep Dive Into The Fashion Industry

Learn more about moneyandinvestments with this collection

The history of fashion

The impact of fashion on society

The future of the fashion industry

Related collections

Similar ideas

Investment Related

Investment Related

  • Have a six month emergency fund and save 10% of your salary.
  • The ability to stick around for a long time, without wiping or being forced to give up is what makes the biggest difference.
  • Your success as an investor will be determined by how you respond to punctuated moments of...

Leave Room for Error

Leave Room for Error

The most important part of every plan is planning on your plan, not going according to plan.

Have room for error when estimating your future returns. For his own investments, Housel assumes the future returns he’ll earn in his lifetime will be ⅓ lower than the historic aver...

Snowball Effect

The most important thing in accomplishing something is to start. Failing is part of it, but in starting, just like the snowball going down a mountain, you get bigger due to the experiences you gain.

So, stop planning. Just do it.

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates