This blog post examines the memorable quotes from Morgan Housel’s The Psychology of Money.
The selected excerpts from the book offer valuable advice on money management, financial independence, and the significance of self-employment.
While you read, ensure you absorb in the lessons passed across in these excerpts.
“Money’s greatest intrinsic value—and this can’t be overstated—is its ability to give you control over your time.”
“Independence, to me, doesn’t mean you’ll stop working. It means you only do the work you like with people you like at the times you want for as long as you want.”
“Spending money to show people how much money you have is the fastest way to have less money.”
“Planning is important, but the most important part of every plan is to plan on the plan not going according to plan.”
“Saving is the gap between your ego and your income.”
“Savings can be created by spending less. You can spend less if you desire less. And you will desire less if you care less about what others think of you.”
“Doing something you love on a schedule you can’t control can feel the same as doing something you hate.”