Introvert!Ā ā¢Ā 10m
If you read this Medial post, you donāt need to buy the book "The Psychology of Money "š° š” Money isnāt just about numbersāitās about behavior, mindset, and emotions. Letās break down some golden lessons from this masterpiece! š§µš 1/ Saving > Earning Wealth isnāt what you makeāitās what you keep! A high income means nothing if you spend it all. The real key? Consistent saving & smart investing. 2/ Compounding is King š Even small, consistent investments grow massively over time. Warren Buffett made 99% of his wealth after 50! Stay patient & let compounding work for you. š 3/ Avoid Lifestyle Inflation šØ Just because you earn more doesnāt 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 youāre already ahead of most investors. The biggest enemy? Your own panic. Stay calm & play the long game. š¢ 5/ Prepare for Crashes š 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. š” 7/ Risk & Reward Go Hand in Hand Fear of losing can make you miss opportunities. Embrace volatility and make informed decisions, not emotional ones. š Final Takeaway: Mastering money is more about mastering your mindset than numbers! š§ šµ
Content WriterĀ ā¢Ā 9m
The Power of Compounding: How Small Investments Create Wealth Compounding is often called the eighth wonder of the world. Itās the process where your money grows not just on the initial investment but also on the returns generated over time. Imagin
See MoreTrying to do betterĀ ā¢Ā 1y
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.
See More
Your Bottom Line Our...Ā ā¢Ā 7m
Finance Tip ā Day 4 *š¦ āDonāt save what is left after spending; spend what is left after saving.ā ā Warren Buffett Make saving a non-negotiable part of your monthly budget. ā Set up auto-debits to a savings/investment account right after your sala
See MoreBuilding JalSeva and...Ā ā¢Ā 1y
"The psychology of money" š (Book summary) Day 01 1. Wealth vs. Richness ā¢Definition: Housel distinguishes wealth as the assets you have that generate income, while richness refers to a high income or spending power. ā¢Living Below Your Means: True
See More
Exploring peace of m...Ā ā¢Ā 11m
Key Lessons from naval ravikant: 1. Time = Money ā Outsource low-value tasks. 2. Think Big ā Set a high hourly rate, even before wealth. 3. Wealth > Status ā Wealth is unlimited; status is competitive. 4. Mindset Matters ā Hating wealth blocks
See MoreĀ ā¢Ā
MedialĀ ā¢Ā 8m
š£š®šš¹ ššæš®šµš®šŗ š¼š» šŖšµš šŖš²š®š¹ššµ ššš»āš šŖšµš®š š¬š¼š š§šµš¶š»šø šš šš Most people think wealth is like a pie ā if someone gets a bigger slice, there's less left for you. But thatās a lie. šššš„šš” š¢š¬ š§šØš š¦šØš§šš²
See More
Download the medial app to read full posts, comements and news.