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Hi everyone, how are you? I hope everyone is well. I am new member here as a new member, it is my 11 book review , Today we will talk about a book review called The Psychology of Money . I hope everyone like it .Let's get started.
Money. What comes to mind when we hear this word? Bank balances, investments, budgets, and thousands of calculations. But have you ever wondered how deeply connected all this is to our psychology? And so Morgan Housel's famous book "The Psychology of Money" seeks to answer this very question. It is not an ordinary economic book, but a mirror that helps us see our own financial behavior and emotions. In this post, we will see why reading this book is so important for you. Let's get started.
In this book, the author shows that when it comes to using money, we are often driven not by reason, but by habit, fear, greed, and hope. Success does not just mean earning a lot of money; rather, how to use, save, and invest money correctly is the real knowledge. The book is divided into a total of 19 small chapters, where each chapter discusses a specific topic. For example, the compounding effect, which can bring huge changes not only in investments, but also in other areas of life. Again, when to stop, and how greed can ruin us. And how much luck plays a big role in the success or failure of our financial lives. He explains this in detail.
This book is not just for investors or economists, it is for everyone. This book is a guidebook for those who want to understand their financial lives better. The book will teach you how we make mistakes because our emotions influence our decisions. In addition, each chapter of the book is arranged with some historical event or real-life example, which makes reading more interesting. It will teach you that money or wealth is not just a number, but it can give you peace of mind and freedom.
You may know how to invest well, but you cannot use that knowledge because of emotions. Housel says that behavior is much more important than knowledge for financial success. The author shows that how much you save is more important than how much you earn. You don't have to be rich to save, you just need discipline. And so successful investing does not mean getting rich overnight. Rather, it is about being patient and making small, good decisions over the years.
The Psychology of Money teaches us that our perception of money is wrong. It is not just accounting, but it is a philosophy of life. If you want to take a fresh look at your financial life and achieve long-term financial peace, then this book is a must-have in your collection. And so I am ending my writing about the book here, but I have a question for you. Have you read the book? How did you like it? Let me know in the comments. Thank you all.
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My name is Md. Abdus Samad. I am a Bangladeshi. My district name is Meherpur and Thana Gangni. Union sixteen taka. My village name is Jugirgofa. Currently there are four people in my family. Especially we are two brothers of parents. I am the eldest son of the family. My educational qualification is I am an honors 4th year student of Bengali department.
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