Introvert!ย โขย 9m
If you read this Medial post, you donโt need to buy the book "The Psychology of Money "๐ฐ ๐ก Money isnโt just about numbersโitโs about behavior, mindset, and emotions. Letโs break down some golden lessons from this masterpiece! ๐งต๐ 1/ Saving > Earning Wealth isnโt what you makeโitโs what you keep! A high income means nothing if you spend it all. The real key? Consistent saving & smart investing. 2/ Compounding is King ๐ Even small, consistent investments grow massively over time. Warren Buffett made 99% of his wealth after 50! Stay patient & let compounding work for you. ๐ 3/ Avoid Lifestyle Inflation ๐จ Just because you earn more doesnโt mean you have to spend more! The rich stay rich by saving more than they spend. 4/ Behavior > Skill in Investing Markets are emotional. Control your emotions, and youโre already ahead of most investors. The biggest enemy? Your own panic. Stay calm & play the long game. ๐ข 5/ Prepare for Crashes ๐ Every investor faces bad years. The winners? Those who stay the course. The market rewards patience. 6/ Personal Finance is PERSONAL What works for one person might not work for you. Find a strategy that fits your goals, risk tolerance, and values. ๐ก 7/ Risk & Reward Go Hand in Hand Fear of losing can make you miss opportunities. Embrace volatility and make informed decisions, not emotional ones. ๐ Final Takeaway: Mastering money is more about mastering your mindset than numbers! ๐ง ๐ต
Content Writerย โขย 9m
The Power of Compounding: How Small Investments Create Wealth Compounding is often called the eighth wonder of the world. Itโs the process where your money grows not just on the initial investment but also on the returns generated over time. Imagin
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From Janitor to millionaire The Inspiring Story of Ronald James Ronald James, a janitor, left behind $8 million at his death. How did he do it? Simple habits: saving consistently, living below his means, and letting compound interest work its magic.
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Finance Tip โ Day 4 *๐ฆ โDonโt save what is left after spending; spend what is left after saving.โ โ Warren Buffett Make saving a non-negotiable part of your monthly budget. โ Set up auto-debits to a savings/investment account right after your sala
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"The psychology of money" ๐ (Book summary) Day 01 1. Wealth vs. Richness โขDefinition: Housel distinguishes wealth as the assets you have that generate income, while richness refers to a high income or spending power. โขLiving Below Your Means: True
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Key Lessons from naval ravikant: 1. Time = Money โ Outsource low-value tasks. 2. Think Big โ Set a high hourly rate, even before wealth. 3. Wealth > Status โ Wealth is unlimited; status is competitive. 4. Mindset Matters โ Hating wealth blocks
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Medialย โขย 8m
๐ฃ๐ฎ๐๐น ๐๐ฟ๐ฎ๐ต๐ฎ๐บ ๐ผ๐ป ๐ช๐ต๐ ๐ช๐ฒ๐ฎ๐น๐๐ต ๐๐๐ปโ๐ ๐ช๐ต๐ฎ๐ ๐ฌ๐ผ๐ ๐ง๐ต๐ถ๐ป๐ธ ๐๐ ๐๐ Most people think wealth is like a pie โ if someone gets a bigger slice, there's less left for you. But thatโs a lie. ๐๐๐๐ฅ๐ญ๐ก ๐ข๐ฌ ๐ง๐จ๐ญ ๐ฆ๐จ๐ง๐๐ฒ
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