5 favorite quotes from The Psychology of Money:
Recognize the element of luck
"Realized that not all success is due to hard work and not all poverty is due to laziness.
Keep this in mind when judging people, including yourself."
"Realized that not all success is due to hard work and not all poverty is due to laziness.
Keep this in mind when judging people, including yourself."
Our judgements are often shaped by our experience.
Whether we realize it or not.
"Every decision people make with money is justified by taking the information they have at the moment and plugging it into their unique mental model of how the world works."
Whether we realize it or not.
"Every decision people make with money is justified by taking the information they have at the moment and plugging it into their unique mental model of how the world works."
What true independence means.
"Independence, to me, doesn’t mean you’ll stop working. It means you only do the work you like with people you like at the times you want for as long as you want."
"Independence, to me, doesn’t mean you’ll stop working. It means you only do the work you like with people you like at the times you want for as long as you want."
Focus and improve on the process.
Do not fixate on the outcome alone.
"The more extreme the outcome, the less likely you can apply its lessons to your own life, because the more likely the outcome was influenced by extreme and scope of luck or risk."
Do not fixate on the outcome alone.
"The more extreme the outcome, the less likely you can apply its lessons to your own life, because the more likely the outcome was influenced by extreme and scope of luck or risk."
When man plans, God laughs.
"Planning is important, but the most important part of every plan is to plan on the plan not going according to plan."
"Planning is important, but the most important part of every plan is to plan on the plan not going according to plan."
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