"10 Quotes from Psychology of Money by @morganhousel"
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1. "It gets dangerous when the taste of having more-more money, more power, more prestige increases ambition faster than satisfaction."
2. "A genius who loses control of their emotions can be a financial disaster."
3. "Getting money is one thing. Keeping it is another."
4. "Rich is the current income. Wealth is income not spent. Wealth is hard because it requires self-control."
5. "Spending money to show people how much money you have is the fastest way to have less money."
6. "Controlling your time is the highest dividend money pays."
7. "Savings can be created by spending less.
You can spend less if you desire less.
And you will desire less if you care less about what others think of you.
Money relies more on psychology than
finance."
8. "Doing something you love on a schedule you can’t control can feel the same as doing something you hate."
9. "Two topics impact everyone, whether you're interested in them or not: health and money."
10. "Be careful who you praise and admire. Be careful who you look down upon and wish to avoid becoming."
Wrap-Up:
1. Identify money mentality 2. Improve money skills 3. Handle with money feelings 4. Track spending habits 5. Provide value to earn more
You don’t see the world as it is. You only see the world as you're. Start reading 100 Mental Models:
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If you’re in the habit of just working whenever you feel like it, you’re setting yourself up for disaster.
A work routine is essential to getting your mind into productive gear.
Doing things only when you feel like it gives too much control to your state of mind.
And let’s be honest, most of the time none of us “feel” like working. Giving control of our productivity to our fickle – and lazy – emotions is a recipe for failure.
"Psychology Tricks To Increase Your Happiness Hormones"
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1. Dopamine.
Also known as the “feel-good” hormone.
Dopamine is a hormone that’s an important part of your brain’s reward system.
To increase dopamine levels:
- finish a task
- practice gratitude
- self-care activities
- daily body movement
- having a creative hobby
- organizing a simple to-do list
- eat more nuts, seeds, legumes, avocado, & bananas
"10 Brilliant Ways To Master Your Self-Discipline "
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1. Know Your Weaknesses, In Order To Change Them.
Knowing your weaknesses is a good thing for building self-discipline muscle.
It will encourage you to be more positive in developing and understanding what you need to change.
2. Self-Monitor & Be A Witness To How You Do The Things You Do.
If you constantly reflect on your daily habits and remember what motivates you, you will then have better results with your self-discipline for the times when you feel that they are low.