The Psychology of Money contains lifelong lessons on the appropriate approach to cash for every person that thrives to end up being economically independent, every person who spends cash saves cash or makes financial forecasts, as Housel said.
In this episode, Weronika breaks down the leading pointers regarding financing planning that the author shared in his publication. Morgan Housel shows that the essential topic of money is influenced by emotions as well as one’s personal experiences, household background, and the times they were raised in.
His insights touch areas such as our approach to cash as a whole as well as costs, investing, and also saving.

IN THIS EPISODE, YOU’LL LEARN:
00:00 – Introduction
00:42 – Introduction to guide
01:46 – Top 10 lessons from Morgan Housel
01:59 – Lesson 1: We evaluate a publication by its cover
03:30 – Lesson 2: We ignore the power of luck and threat
05:18 – Lesson 3: We never ever have enough
07:01 – Lesson 4: Try to get wealthy and also remain well-off
08:16 – Lesson 5: We seek flexibility
09:16 – Lesson 6: Have a margin of security
10:36 – Lesson 7: Don’t listen from people playing a different game than you are
11:55 – Lesson 8: Start conserving money for no factor
13:25 – Lesson 9: The magic of worsening – Time is your ally
14:37 – Lesson 10: We believe what we want to think
15:54 – Summary
16:25 – Who should check out the publication?
16:39 – Wrap up

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BOOK MENTIONED:
– The Psychology of Money – https://amzn.to/3wGogxp

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