7 key lessons from ‘The Psychology of Money’ for financial success
1 week, 4 days ago

7 key lessons from ‘The Psychology of Money’ for financial success

Live Mint  

Morgan Housel's book "The Psychology of Money" throws light far and wide on why emotion, behavior, and decision-making all have a role to play in equity investing and financial success. The following are seven lessons from the book that will help you create a healthier relationship with money: Find the role of luck and risk In fact, financial success often does involve a fair share of hard work and luck. Housel describes, "Your personal experiences with money represent perhaps 0.00000001% of what's happened in the world but perhaps 80% of how you think the world works." According to Housel, "Money's greatest intrinsic value—and this can't be overstated—is its ability to give you control over your time.

Investing Life Money Financial Success Your Time Housel Your Expenditure  lessons  investing  money  psychology  means  key  housel  life  luck  control  role  financial  success

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The wealth trap: Why more money doesn’t always mean more happiness
1 week ago

The wealth trap: Why more money doesn’t always mean more happiness

Live Mint  

We’ve all heard it before—"You can become anything in life if you really want to." This obsession with accumulating money, acquiring property, and chasing financial milestones often stems from a belief that wealth defines success and even life’s purpose. A singular focus on wealth accumulation leads individuals to take excessive risks—investing aggressively, leveraging loans to acquire assets, and constantly seeking …

How an 'abundance mindset' can unlock your route to wealth, reveals money psychotherapist VICKY REYNAL
2 weeks ago

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Daily Mail  

Suzanne came to me for financial therapy because, despite having what most people would consider a successful life, she would stay up at night worrying, ‘What if it all disappears? A parent who was emotionally distant, unavailable, or unpredictable can leave a child feeling ‘not enough’ – not loved enough, seen enough or important enough. Clients who grew up in …

The five psychological blocks that make it impossible for some people to save money: VICKY REYNAL
2 months, 2 weeks ago

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Daily Mail  

A client once came to therapy under the insistence of his desperate father. Mental blocks: Vicky Reynal believes there can be deep psychological reasons why some people struggle to save - regardless of the income ‘I bought two sets of headphones,’ James told me when I asked where the allowance had gone last month. Whether it’s unmet emotional needs, childhood …

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8 months, 3 weeks ago

Mastering wealth management: Decision making and financial success

Live Mint  

Meet Jyoti, a successful entrepreneur in her mid-30s who built a thriving business from scratch. Decision making plays a crucial role in wealth management, influencing financial outcomes and long-term success in your investing journey. Decision making in wealth management Implementing decision-making frameworks can help individuals navigate the complexities of wealth management more effectively. Conclusion The psychology of decision-making plays a …

Kimberly Palmer: Managing money starts with your emotions
2 years, 9 months ago

Kimberly Palmer: Managing money starts with your emotions

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Eighty-five or 90% of our money decisions are based …

Key lessons one can learn from ‘The Psychology of Money’
3 years, 3 months ago

Key lessons one can learn from ‘The Psychology of Money’

Live Mint  

Among a barrage of personal finance books, there are only a few that stand out. Written by Morgan Housel, Wall Street Journal columnist and partner at Collaborative Fund, in September 2020; the book gives a message that doing well with money is not necessarily about what you know but about how you behave – a skill hard to teach, even …

Opinion | 5 money mantras that can help you overcome your investment biases
6 years, 3 months ago

Opinion | 5 money mantras that can help you overcome your investment biases

Live Mint  

It’s the year-end and it is also the tax-planning season. In most cases, despite knowing why one should be choosing another investment, one ends up investing in tried and tested products due to investment biases. For example, with mutual funds, investors base their decisions on the current net asset value rather than whether the fund ties in with their risk …

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