The Psychology of Money Book Quotes

The Psychology of Money book summary in Hindi

Read Book summary in Hindi:- The Psychology of Money

The Psychology of Money Book Quotes

“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. I want you to be successful, and I want you to earn it. But realize 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.”

Morgan Housel, The Psychology of Money

“Money’s greatest intrinsic value—and this can’t be overstated—is its ability to give you control over your time.”

Morgan Housel, The Psychology of Money

“doing something you love on a schedule you can’t control can feel the same as doing something you hate.”

Morgan Housel, The Psychology of Money

“Growth is driven by compounding, which always takes time. Destruction is driven by single points of failure, which can happen in seconds, and loss of confidence, which can happen in an instant.”

Morgan Housel, The Psychology of Money

“I love Voltaire’s observation that “History never repeats itself; man always does.”

Morgan Housel, The Psychology of Money

“Spending money to show people how much money you have is the fastest way to have less money.”

Morgan Housel, The Psychology of Money

“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.”

Morgan Housel, The Psychology of Money

“Someone driving a $100,000 car might be wealthy. But the only data point you have about their wealth is that they have $100,000 less than they did before they bought the car (or $100,000 more in debt). That’s all you know about them. We tend to judge wealth by what we see because that’s the (self-edit: only) information we have in front of us.”

Morgan Housel, The Psychology of Money

“Planning is important, but the most important part of every plan is to plan on the plan not going according to plan.”

Morgan Housel, The Psychology of Money

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