Why Smart People Fail | The Psychology of Money Summary | Audiobook

Описание: Doing well with money has a little to do with how smart you are and a lot to do with how you behave. In this video, we analyze why a Vermont janitor can outperform a Harvard executive using the timeless lessons from The Psychology of Money by *Morgan Housel*.

In this Video:
We dive deep into The Psychology of Money by Morgan Housel to uncover the 18 distinct mental models of a wealthy mindset. You will learn how to distinguish between being rich and being wealthy, stop making decisions based on ego, and finally build the "unbreakable" financial foundation you need for true freedom.

Key Takeaways:
*The Man in the Car Paradox:* Why spending money to show people how much money you have is the fastest way to have less money.
*The Volatility Fee:* Why market drops are not a fine for doing something wrong, but the admission fee for high returns.
*Getting vs. Staying Wealthy:* The counter-intuitive truth that the skills needed to get rich are the exact opposite of the skills needed to stay rich.

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