Tuesday, 2 April 2024

12 LESSONS FROM PSYCHOLOGY OF MONEY

1. Spending money to show people how much money you have is the fastest way to have less money.
2. Getting money is one thing. Keeping it is another.
3. Be nicer and less flashy. No one is impressed with your possessions as much as you are.
4. You might think you want a fancy car or a nice watch. But what you probably want is respect and admiration.
5. Saving is the gap between your ego and your income.
6. Use money to gain control over your time.
7. The freedom to do what you want, when you want, with whom you want, for as long as yo want, is true freedom.
8. Warren Buffett’s net worth is $84.5 billion. Of that, $84.2 billion was accumulated after his 50th birthday.
9. Independence, to me, doesn’t mean you’ll stop working. It means you only do the work you like with people you like at the times you want for as long as you want.
10. Happiness is just results minus expectations.
11. Doing well with money has a little to do with how smart you are and a lot to do with how you behave
12. A genius who loses control of their emotions can be a financial disaster.

Fellow me Maxwell Derrickson

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