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Saving is the gap between your ego and your income.
THE PSYCHOLOGY OF MONEY
54
1.06K reads
MORE IDEAS ON THIS
Spending money to show people how much money you have is the fastest way to have less money.
THE PSYCHOLOGY OF MONEY
60
1.18K reads
You can build wealth without a high income, but have no chance of building wealth without a high savings rate.
THE PSYCHOLOGY OF MONEY
50
1.08K reads
Be nicer and less flashy. No one is impressed with your possessions as much as you are.
THE PSYCHOLOGY OF MONEY
45
1.03K reads
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The goal
The aim of "Sesame Street" was to build school preparedness and narrow the educational gap between lower- and upper-income children.
They used pedagogy advice from a Harvard professor. Research also showed children were more receptive when they watched with caregivers, so celebrities were ...
Focus on percentage of income saved, not the dollar amount
Over the long term, it's not as much about the dollar amount you save, but the percentage of your income that you dedicate to saving and investing. By focusing on percentages, you can ensure you're always saving more as you earn more.
Financial wellbeing
Financial wellbeing can't be measured by only focusing on how much you earn. The gap between what you earn and what you spend is an important figure.
Household savings fell by 30% during a period when median real income rose 40%. Even though Americans earn more than ever before, ...
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