18 Lessons About Money - The Psychology Of Money

18 Lessons About Money - The Psychology Of Money
Are you tired of working hard and yet struggling to achieve financial success? Do you feel like no matter how intelligent you are, your bank account just doesn't reflect it? Well, it turns out that financial success has less to do with intelligence and more to do with your money habits.

But don't worry, understanding and changing these habits is easier than you think. In this video,
I will take you through the 18 key lessons about money from Morgan Housel's book, The Psychology of Money. By the end of this video, you'll know how to avoid common money mistakes, measure your financial success, and achieve financial independence. So, subscribe to the channel and let's get started!

Chapter 1 from the book The Psychology of Money says, "No One is Crazy."
Money is one of the most powerful forces in the world, and its impact on our lives is undeniable. The author says people have different views and experiences when it comes to money, and that these differences do not make a person crazy. This means that you have a unique perspective on money, and the way you view it differs from others.On the other hand, we all know that books can teach us a lot about money, but they won't tell us everything. This is because there's a big difference between reading about something and actually doing it.

You need to experience it to really understand it. For example: Imagine you're a lottery winner who has been spending money like crazy for years. You think money can buy you happiness, security, and respect. You have bought expensive cars, houses, clothes, and vacations. You have given money to your friends, family, and charities. You are confident that you are living the dream and everyone else is jealous. But then something unexpected happens. You lose most of your money in a bad investment, a lawsuit, or a divorce. The IRS comes after you for unpaid taxes.

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📖 BY THE BOOK 📖

Road2Wealth is a channel about everything related to money, including smart tactics for investing and achieving financial independence. On our channel, we discuss personal finance, the stock market, the US economy, debt reduction, wealth creation, the housing market, financial planning for savings, business ideas and jobs, tips on how to invest in the stock market from well-known investors, passive income, money management, and inflation. The videos are intended to be educational and should not be considered as financial advice.

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My goal is to provide my audience with the highest quality, most informative, and mind-blowing financial wealth on YouTube. I believe in complete transparency and open communication. I believe that knowledge is power, so I will share my knowledge with you. Change your attitude towards money, and you will change your life. ❤.

🔎Disclaimer🔎
All content in this channel is for entertainment and educational purposes only.
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