Posted inLife

The Psychology of Money Quote

Things that have never happened before happen all the time - Morgan Housel
At its core, this quote is a powerful reminder that history is not a perfect guide to the future. Just because something is unprecedented doesn't mean it's impossible.
Use money to gain control over your time Meaning Factcheck Usage
Posted inWisdom

Quotes about The Psychology of Money principles

Use money to gain control over your time, because not having control of your time is such a powerful and universal drag on happiness - Morgan Housel
The core message here is that the ultimate luxury money can buy isn't a fancy car, but autonomy. It's the power to decide what you do, when you do it, and who you do it with.
Posted inLife

The Psychology of Money Quote

Some people are born into families that encourage education; others are against it. Some are born into flourishing economies encouraging of entrepreneurship; others are born into war and destitution - Morgan Housel
The core message here is about the massive, often invisible, role of luck and circumstance. It’s the idea that your starting point in life is a lottery ticket, not a personal achievement.
Posted inWisdom

Quotes about The Psychology of Money

Financial success is not a hard science. It’s a soft skill, where how you behave is more important than what you know - Morgan Housel
The core message here is brutally simple: Your financial outcomes are determined more by your psychology, your patience, your ego, your fear, than by your intelligence or the sophistication of your financial models.