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Understand & Apply the Psychology of Money to Gain Greater Happiness
2:15:35

Understand & Apply the Psychology of Money to Gain Greater Happiness

Morgan Housel

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  • Understanding Your Relationship with Money:
    Examine your past experiences to understand your current spending and saving habits. There's no single 'right' way; find what works for you and avoid judging others' choices.
  • The Regret Lens:
    Base financial decisions on what you'll regret in the future. Consider your potential future regrets, acknowledging that this perspective shifts over time.
  • Avoid Financial Extremes:
    Steer clear of extreme saving (FIRE movement) or spending (YOLO investing). These approaches often lead to future regret.
  • Money as a Tool for Independence and Purpose:
    Money buys happiness indirectly by enabling experiences (time with loved ones, pursuing passions) that foster purpose and independence. Prioritize these core values over mere accumulation.

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Mikel Farrell
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Ana Martinez
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Ana Martinez

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Daniela Costa
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Michael Russell
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