Discover and read the best of Twitter Threads about #gratification
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Important lessons from "The Psychology of Money" by Morgan Housel
I have read this book so many times and will post my favorite quotes here … do read the book #thepsychologyofmoney
I have read this book so many times and will post my favorite quotes here … do read the book #thepsychologyofmoney
"The best way to think about money is to think about it as a tool for creating options."
When we have financial security, we have more choices and opportunities in life.
When we have financial security, we have more choices and opportunities in life.
"The most important thing about #money is how you think about it."
Money is just a tool, but it can have a powerful influence on our thoughts and actions.
Money is just a tool, but it can have a powerful influence on our thoughts and actions.
1/5
Some pointers on #PersonalFinance
1) Highly #subjective - depends on earnings,savings & lifestyle. Don't clone approach . Take professional help, if needed.
2)Focus primarily on #skillsets in early years.Automatically #earnings increase. Big salary ,bigger savings.
Some pointers on #PersonalFinance
1) Highly #subjective - depends on earnings,savings & lifestyle. Don't clone approach . Take professional help, if needed.
2)Focus primarily on #skillsets in early years.Automatically #earnings increase. Big salary ,bigger savings.
2/5
3) Start #saving early on .
4) Incremental savings must be more than Incremental earnings.
5) Avoid #debt . But if necessary plan well & repay it early on . Beware of snowball effect.
6) Avoid instant #gratification. A lil' self restraint goes a long way in saving up .
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3) Start #saving early on .
4) Incremental savings must be more than Incremental earnings.
5) Avoid #debt . But if necessary plan well & repay it early on . Beware of snowball effect.
6) Avoid instant #gratification. A lil' self restraint goes a long way in saving up .
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3/5
7) #Leveraging is disastrous . Not advisable .
8) #ConcentratedPortfolio can backfire big time . Makes sense to go in for a diversified one.
9) #AssetAllocation is equally important .
10) #CreditCards if used sensibly are good ,else disastrous. Educate yourself.
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7) #Leveraging is disastrous . Not advisable .
8) #ConcentratedPortfolio can backfire big time . Makes sense to go in for a diversified one.
9) #AssetAllocation is equally important .
10) #CreditCards if used sensibly are good ,else disastrous. Educate yourself.
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