"10 Quotes from Psychology of Money by @morganhousel"

Thread
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:

gumroad.com/a/1036448883/A…
Thanks for reading. If you find this thread valuable follow me (@wise_chimp) for more content like this. And retweet the first tweet to share with others:

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