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May 15, 2022

The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness by Morgan Housel

The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness by Morgan Housel | Goodreads
  • Wealth is what you don't see.
  • Richness can be seen which could be from high leverage (debt).
  • A high savings rate will leave you quite wealthy over time.
  • The amount you can save is the difference between your income and ego.
  • Invest the way YOU are comfortable and for meeting YOUR goals. Do not copy/envy others blindly.
  • Trying to Keep Up With The Joneses? Think again.
  • The highest return that money provides: the freedom to do what you want, when you want, with whom you want and for however long you want. In other words, TIME is the highest return that money can provide.