The problem was that his success made him want even a bigger slice of the cake, although he already had more than anyone could wish for. The lesson here is: Don’t be greedy, and learn to be humble. 

When you already have what you wished for or accomplished significant goals in your life, learn to be grateful, maintain your status, and enjoy the present, instead of always seeking more and more. When you’re scared of losing everything you have, you won’t be happy to risk it all for poten...

Are you a greedy person? Of course not! Or at least, that’s what you tell yourself. We all like to think highly of ourselves and blame our misfortune on bad odds. This is the case of Jesse Livermore, a stock market ...

Instead of enjoying his riches for life, however, the winning trade made Livermore feel invincible. Naturally, it wasn’t long until he lost everything he had earned by placing all the wrong trades. The sudden downfall pushed him to the edge, and he eventually, sadly, ended his life one nigh...

It is of utmost importance that we acknowledge our hidden biases, so as to be able to diminish them and make better choices. In general, any financial decision should always be backed up by sound analysis, reliable facts, and a mind open to new perspectives and constructive criticism. 

Managing your emotions is one of the most important things you can work on if you want to become financially independent. Always remember that your journey will be different from any other person you know, so there’s no need to compare yourself to them or be jealous of anyone’s great...

In other words, he let envy get the best out of him and paid for it a thousandfold. Was it worth it? Definitely not. However, his misfortune serves as a valuable lesson for anyone looking to make better financial decisions. Be rational, and think twice when it comes to money. Always filter ...

Seeking status, envy, and other emotions controlling you all play a significant role when it comes to your financial decisions. The Psychology of Money by

We may think that we have no hidden biases, but a study conducted by Ulrike Malmendier and Stefan Nagel proves that people invest according to how the economy looked like when they were young adults. As such, someone who’s experienced high inflation may not see bon...

If you feel like you’ve made all the wrong financial decisions, or that wealth is just not one of the things you’ll ever be able to achieve, The Psychology of Money is the b...

Our finances play a huge role in our lives. Yet, people rarely discuss them or educate themselves on this topic. For this reason, many presumptions and false ideas about money have emerged over the years. People think having money is a result of luck, or that rich people are all inheritors,...

We all grow up differently. Was your childhood similar to someone born in 1800? 1900? Of course not!

Some people grow up in times of financial crisis. Others know nothing but bull markets until t...

1. Being greedy can turn out to be the biggest financial mistake you’ll ever make.
2. Envy has no place in the money market, as it can blur your thinking. 
3. Our early experiences with money determine our financial decisions later on.
...

All of this is wrong. Money is a universal asset circulating in the world. And you too can become financially independent, if you change your current mindset and choose to adopt a few wealth-growing practices. At first, you’ll have to acknowledge your financial situation. Biased

Most people know that investing takes time. They even want to stick to their investments through good and bad, but then the fear of missing out or envy get in the way — sometimes both at the same time!

Moreover, you should work on your ability to adapt to trends and destroy your phobia of new ones, even if it contradicts your inner beliefs. The money market leaves no room for subjectivity, biases, or impulsive decisions. Rushed investments can wipe off years of savings, while valua...