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More Biases
It was quite interesting reading about these cognitive biases, this book has mentioned 13 biases. These are very thought-provoking, I researched and found a book that has given some more details about 100 such Biases with daily life examples, and how to overcome them just by thinking critically named
THE BIASED LENS (100 Cognitive Biases with their daily life examples and ways to overcome them)
I recommend you go and understand around 100 biases in that book, and I assure you that you will not be the same as you are now.
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488 reads
MORE IDEAS ON THIS
Don't Spend Less, Spend Right
Try this 50:30:20 rule.
Break down your income after tax -
- 50% on basic needs,
- 30% on wants/desires/things you love,
- 20% ...
79
615 reads
They mislead us all
We are told since childhood that the proven process for achieving financial security is-
- Study hard
- Get a job
- Work hard
- Get promoted ...
63
843 reads
Insurance is like a parachute; if you don't have it the first time you need it, you won't need it again.
RDX KAUSHIK.
67
670 reads
True Financial Independence
- When income from your investments, pays for your needs and expenses. For life!
- When you work because you want to, not because you have to.
- When you have money to live well, even without the 9 to 5 grin...
69
625 reads
Singer Rihanna nearly went bankrupt after overspending. She then sued her financial adviser.
Adviser: Was it really necessary to tell her that if you spend money on things, you will end up with the things and not the money.
MORGAN HOUSEL.
67
827 reads
Set up multiple income streams
- Use the skills you have to start an agency and hire folks to manage that.
- If you are a content creator, build your audience on a platform and run ads, affiliates & sponsorships.
- If you've got expertise...
81
693 reads
Understanding of Asset Classes
- Low Risk- FDs, PF and NPS, and Gold.
- Medium Risk- Corporate Bonds, Real Estate, Mutual Funds.
- High Risk- Stock Market Trading, Cryptocurrency, etc.
70
632 reads
Our Biases decide for us Unconsciously
Numbers don't drive money decisions, Our biases do, and our emotions do.
Our emotions make us do some very stupid things. I know that we are all prone to biases that we don't even know we have. Sellers capitalize on this, so no choice is pre...
68
498 reads
Can Money Buy HAPPINESS?
--not directly but it can buy you some other things that can lead you to the path to happiness-
- Peace of mind as your bills, fee, & EMIs are taken care of.
- Quality food,...
73
705 reads
The System wants you to make MISTAKES
Learn from the mistakes of others-
- Risk can't be eliminated. It can only be understood and managed.
- Live well, today. Also, live responsibly. Make Budget.
- Don't ignore in...
72
547 reads
CURATED FROM
IDEAS CURATED BY
This book is by an Indian Author "Ankur Warikoo". He has been terrible with his money management nearly all his life. This was because he was never taught anything about money. All that he was taught was how to earn a living. So he set out to write this book for his younger self, sharing everything he had been taught while adulting. It is practical, has no technical jargon, and teaches how to earn, spend, and put money to work.
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