10 things I have learned from the Psychology of Money.
It's important to know when enough is enough. Tamaa iliua fisi.
2. Luck vs Risk
There's an element of luck in most success stories. Risk can either pay off or cause ruin.
This is the magic pill for sustained growth and development. Compounding for several decades can have unimaginable results.
True definition of success is the ability to do what you want whenever you want.
Whatever works for another guy doesn't mean it'll work for you too.
Our relationship with money is almost always shaped by your early experiences while growing up.
Save more than what is required.
Don't spend money to keep up with the Joneses.
Constatly buying and selling during a bull or bear market will have lower returns compared to buying and holding. Power of compounding.
10. Isht happens
Life is hella unpredictable.