When it comes to money and investing, people have three fundamental reasons or choices for investing-to be:
All three choices are important. The difference in one's life occurs when the choices are prioritised.
Most people dream of becoming rich, but it is not their first choice. Their first choice when it comes to money decisions is security. Second is comfort and third is to be rich. That is why most people make job security, their highest priority. After they have a secure job or profession, then they focus on comfort. The last choice for most people is to be rich.
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The rich don't work for money. They know how to have money work for them.
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Three mediating factors explain why some people earn more.
The burden of choice is also a privilege. So many people in the world would kill to have more options and the freedom of choice, yet those who get it and when they have too many choices, they feel burdened.
The burden also comes from the increased effort re...
When people can make a free choice, they embrace positive or negative outcomes that confirm they were right.
Studies show that this tendency persists in both poor and rich conditions. This means the brain is primed to learn with a bias linked to our freely chosen actions. The brain le...
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