The Psychology of money

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Avatar for cygnet3471
2 years ago

Hello guys, I started to read this book 'the psychology of money' and I think that this is one of the best book for personal finance.

Let's see how

This book takes money to another level relating it to our psychology. Writer emphasized that if we wanted to become rich in our life then we should start with our brain, train it to be rich.

Someone said be mindful of your habits and they will mind your attitude.

This book emphasised on this if ur small habits can be changed then it can change your Psychology as a whole .Let's take the example of being brand concious (spending money on brand clothes, items) if this thing is changed then problem of savings can be solved to some extent and everything can be changed completely, slowly and gradually. It depends on the person if he or she can bring change in himself.

Becoming rich is not a big deal but it is culmination of small efforts if we know the right strategy.

There is equal contribution of windfall in becoming rich. Let's take the example of Bill Gates who had interest in computers since childhood . The computer installed in his school was a first incident of installing a computer in schools of entire America. This way Bill gates got early exposure of technology in his school and this arouses his interest in the computer and programming. He was not alone Paul was also his classmate at that time and Bills second friend was also there but he lost him in a tragic incident. But there are certain question which arises from this incident. Had bill not born in this period? Had computers been not installed in his school? Would there be a microsoft?

Answer is certainly no as we all can deduct it from our common sense .

But what we have in our hands are our efforts, strategy and so on.

Be happy

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$ 0.05
$ 0.05 from @Gogo
Avatar for cygnet3471
2 years ago

Comments

yes i entirely agree with your point of view

$ 0.00
2 years ago

I read this book already. Indeed it's a good book.

$ 0.00
2 years ago