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10 Best Quotes From The Book: The Psychology Of Money.
A plan is only useful if it can survive reality.
2 min readDec 21, 2023
- “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.”
- “Progress happens too slowly to notice, but setbacks happen too quickly to ignore.”
- “Saving is the gap between your ego and your income.”
- “Less ego, more wealth. Saving money is the gap between your ego and your income, and wealth is what you don’t see. So wealth is created by suppressing what you could buy today to have more stuff or more options in the future. No matter how much you earn, you will never build wealth unless you can put a lid on how much fun you can have with your money right now, today.”
- “More than your salary. More than the size of your house. More than the prestige of your job. Control over doing what you want, when you want to, with the people you want to, is the broadest lifestyle variable that makes people happy.”
- “Compounding doesn’t rely on earning big returns. Merely good returns sustained uninterrupted for the longest period — especially in times of chaos and havoc — will always win.”
