More Wisdom from the book - Deepstash
More Wisdom from the book

More Wisdom from the book

  • Manage your money in a way that helps you sleep at night.
  • Investing needs a large time horizon.
  • Become OK with a lot of things going wrong.
  • Be nicer & less flashy.
  • Less ego, more wealth.
  • Define your cost of success, be ready to pay for it.
  • There is no single right answer, just the answer that works for you.
  • Have simple, little cost yet good hobbies like walking, reading, podcasts etc.
  • Don't be in social pressure/Keep up with joneses.
  • First rule of compounding is to never interrupt it unnecessarily.
  • True success is exiting the rat race to modulate your activities for peace of mind.

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rdx

Just another homo-sapien

This book from Morgan describes about the process & working of money and people's thinking about money & why they can't retain the wealth even after earning it with their hard-work and daily efforts. This work/book of money doesn't tell us how to earn money but describes how we should behave and KNOW YOUR ENOUGH.

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