The psychology of money
THE PSYCHOLOGY OF MONEY ● Doing well with money has a little to do with how smart you are & alot to to do with HOW YOU BEHAVE. ● A genius who loses control of their emotions can be a financial disaster. ● Finance is a soft skill, where HOW YOU BEHAVE is more important than what you know. ● Save 10% of your Salary & have Six months emergency fund. ● The two Topics that impact everyone: HEALTH & MONEY . ● We think & taught about money in ways that are too much like physics (with rules & laws) & not enough like Psychology . (with emotion & nuance) ● Finance is guided by people's behaviors & how I behave might make sense to me but look crazy to you. ● You could understand finance crisis better through the lenses of psychology & history, not finance. CH:1 NO ONE'S CRAZY ● Your Personal experience with money makes up maybe 0.00000001 % of what's happened in the world, but maybe 80%. of how you think the world works. So ...