3 Important Lessons From The Psychology Of Money #investing #makemoneyonline #finance #stockmarket

The psychology of money is the most recommended book by most entrepreneurs. This book teaches people how to have a better relationship with money and to make smarter financial decisions. In this video, I am going to share three important lessons that I learned from this book that changed my perspectives towards money.

The first lesson is: Treat your money like a person.

Most of us treat our money like a commodity and that is why we have the worst relationship with money.

The second lesson is: Invest your money for the long term.

We know that investment is the only way to grow our wealth and investment works on the principle of compounding. So start investing as early as possible and keep investing for the long term.

And the third lesson is: Becoming wealthy and staying wealthy are two different things.

Staying wealthy is much more difficult than becoming wealthy. Someone may be rich after winning a lottery ticket but could lose all the money the next week because they are not financially literate.

This book teaches us to understand money in a better way.

I would to know your learnings in the comment section.

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