It’s not about intelligence. It’s about behaviour.
In The Psychology of Money, Morgan Housel reveals that financial success has less to do with knowledge and more to do with how we think, feel, and act with money.
Here are 3 powerful lessons from the book:
1️⃣ Getting rich vs. staying rich are two different skills.
• Luck can make you rich, but avoiding greed and reckless risks keeps you rich.
• The key? Be bold enough to grow and cautious enough to protect.
2️⃣ Wealth is invisible.
• Fancy cars and big houses signal spending, not wealth.
• Real wealth is what you don’t see; the money saved and invested for freedom, security, and opportunities.
3️⃣ Time is the most powerful force in investing.
• Warren Buffett’s biggest advantage? Not just good investing but 80+ years of investing.
• The longer you let money compound, the bigger the rewards.
💡 Biggest takeaway? Money is emotional, not logical. Master your mindset, and you master your wealth.
What’s the best financial lesson you’ve ever learned? – Ali Aydan
Ali Aydan: Why do some people build wealth while others struggle with the same income?
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