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Mridul Das

Introvert!ย โ€ขย 9m

If you read this Medial post, you donโ€™t need to buy the book "The Psychology of Money "๐Ÿ’ฐ ๐Ÿ’ก Money isnโ€™t just about numbersโ€”itโ€™s about behavior, mindset, and emotions. Letโ€™s break down some golden lessons from this masterpiece! ๐Ÿงต๐Ÿ‘‡ 1/ Saving > Earning Wealth isnโ€™t what you makeโ€”itโ€™s what you keep! A high income means nothing if you spend it all. The real key? Consistent saving & smart investing. 2/ Compounding is King ๐Ÿ‘‘ Even small, consistent investments grow massively over time. Warren Buffett made 99% of his wealth after 50! Stay patient & let compounding work for you. ๐Ÿ“ˆ 3/ Avoid Lifestyle Inflation ๐Ÿšจ Just because you earn more doesnโ€™t 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 youโ€™re already ahead of most investors. The biggest enemy? Your own panic. Stay calm & play the long game. ๐ŸŽข 5/ Prepare for Crashes ๐Ÿ“‰ 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. ๐Ÿ’ก 7/ Risk & Reward Go Hand in Hand Fear of losing can make you miss opportunities. Embrace volatility and make informed decisions, not emotional ones. ๐Ÿ”‘ Final Takeaway: Mastering money is more about mastering your mindset than numbers! ๐Ÿง ๐Ÿ’ต

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