18 Lessons About Money - The Psychology Of Money

18 Lessons About Money - The Psychology Of Money - Trip2Wealth!
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.