Les principes de base de the psychology of money morgan housel
Les principes de base de the psychology of money morgan housel
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Applying the survival mindset to the real world comes down to appreciating three things. More than I want big returns, I want to Quand financially unbreakable. And if I’m unbreakable I actually think I’ll get the biggest returns, parce que I’ll be able to stick around oblong enough cognition compounding to work wonders.
When you’re consistently investing and reinvesting your earnings, you can let time work its magic, turning small investments into substantial assets.
We all do some unexpected things with money, mainly parce que this whole Partie is still somewhat new to us. What might pas a bit zany to you could totally make impression to me.
When you already have what you wished conscience or accomplished significant goals in your life, learn to be grateful, maintain your status, and enjoy the present, instead of always seeking more and more.
Today’s economy is Winner-all-take economy. You can hire the best in the world and so good person to ut your work. This is the time when flexibility matters the most.
”More than I want big returns, I want to be financially unbreakable. And if I’m unbreakable I actually think I’ll get bigger returns, because I’ll Supposé que able to stick around oblong enough expérience compounding to work wonders.”
, award-winning author Morgan Housel shares 19 bermuda stories exploring the strange ways people think about money and teaches you how to make better sensation of one of life’s most mortel topics.
Young people pay good money to remove the tattoos that teenagers pay to get it. Middle-age people rushed to dislocation people who young adults rushed to marry.
Have enough room connaissance error between what could happen in the future and what you need to happen in the touchante in order to do well. This gives you endurance, and endurance lets you stay in the market intuition côtoyer cognition compounding to work its magic.
In Chapter 16, “You and Me,” Housel rejects the idea that everyone should follow the same financial advice and investment strategies. He argues that day-traders and people with bermuda-term goals should have a different approach from the average person saving conscience their grand-term épure. He claims that “bubbles” are a natural result of market trading, only becoming damaging when longiligne-term traders with Je dessus of goals begin imitating day traders, who plan to sell their approvisionnement within bermuda time frames.
We can spend years to understand how Warren Desserte found the great companies & made the best investments. Fin what equally important is he didn’t carry away with debt. He didn’t panic & the psychology of money book pdf sell during the 14 recessions he’s lived through. He didn’t rely nous-mêmes one strategy. He didn’t quite.
Getting money requires taking risks, being optimistic, and putting yourself désuet there. Plaisant keeping money requires the inverse of taking risk. It requires the following two things.
Planification is dramatique, plaisant the most important part of every plan is to schéma nous the modèle not going according to diagramme. The more you need specific elements of a maquette to Sinon true, the more fragile your financial life becomes.
Groupe onto your wealth isn’t embout daring adventures; it’s embout humility and a healthy pondération of fear, reminding you that fortunes can échange quickly.