3 Lessons About Money | The Psychology Of money By Morgan Housel

3 Lessons About Money | The Psychology Of money By Morgan Housel
You know what? If I were younger, I would start my own business.
Now, I'm too old for that; I couldn't start a successful business, because I'm not as smart as I used to be.I can't get that job since I don't have a diploma. I have always wanted to create a business, but unfortunately, I don't have the time for it. Of course, they chose him instead of me; he was one of the smartest boys in our school.

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Trip2Wealth is a channel about everything related to money, including smart tactics for investing and achieving financial independence. On our channel, we discuss personal finance, the stock market, the US economy, debt reduction, wealth creation, the housing market, financial planning for savings, business ideas and jobs, tips on how to invest in the stock market from well-known investors, passive income, money management, and inflation. The videos are intended to be educational and should not be considered as financial advice.
My goal is to provide my audience with the highest quality, most informative, and mind-blowing financial wealth on YouTube. I believe in complete transparency and open communication. I believe that knowledge is power, so I will share my knowledge with you. Change your attitude towards money, and you will change your life. ❤.

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All content in this channel is for entertainment and educational purposes only.
I am not a professional financial advisor and our statements are not to be taken as instructions or directions. In addition, some of the links above are affiliate links, meaning that at no additional cost to you, we may earn a commission if you click through and make a purchase.

Enjoy and thank you for your support!

⏱️Time Stamps⏱️
0:00 Intro
1:08 Wealth
3:35 When enough is enough
5:02 The psychology of paying the price
7:00 Buffett's Frugal lifestyle
8:58 What getting rich requires
11:29 Other speculative Ventures
12:49 How luck is not a reliable strategy

[brittanynicolette]

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.

[subramanimani]

Basically one should balance between frugality and lavishness in old we cannot enjoy what we can enjoy in youth there having so much money without being able to enjoy it will not help similarly in our days of youth lavishly mindlessly borrowing and spending to show off will take its toll in due course LIVE FOR YOURSELF NOT FOR OTHERS IS THE MESSAGE

[Financial-Education]

Wow, this video was like a crash course in understanding the psychology behind money, luck, and risk! 🤯
I laughed out loud when I heard about Warren Buffett's love for McDonald's breakfast. It's astonishing to see someone with such wealth enjoying the simple things in life. 🍔

The story of AK Batista really struck a chord with me, reminding us all that it's important not just to get rich, but also to stay rich through cautious and realistic decision-making. 💸

Kudos to Morgan Housel for revealing these valuable insights in his book! I'm definitely going to check out the other 17 lessons in the recommended video.
Can't wait to dive deeper into the financial world and, who knows, maybe become the next self-made millionaire! 💰🔥

Oh, and I almost forgot to mention - that witty ending where you clarify you're not a financial advisor or expert, just like the rest of us, had me in stitches! 😂
Keep up the great content, and I'm excited for the next video! 🚀📈

[mr.goodick]

Thank you for your disperse of knowledge. I am very grateful and I appreciate this video to the fullest. I will learn everyone of these lessons. Mwj

[dhlcfpu]

Thank you so much from the depths of my heart. I just wanna say thank you for sharing your knowledge and your contents like this with the world. Thank you I may God continue to bless you and strengthen your organization. Keep up the good work that is continually changing lives just like mine definitely more sincerely yours truly z.d.Anderson a future financial success story at the making.

[awwhistorian]

Thank you for sharing some wisdom there Chief.

[EnohLaurine-lvox]

I really love this psychology behind money I really wish invest but no Capital

[pjmanza]

warren buffet lived frugal and invested well... with 100 billion net worth... to be inherited by those who have no idea how to earn those...

[andrewtee]

Your voice reminds me of Samual F. Jackson

[bradlux]

This patron isn't a patron drinker. Great video though!

[MuhammadIrshad]

Achieving financial success is a multifaceted endeavor that requires a balanced approach. By understanding luck and risk, paying the necessary price for success, and finding a balance between taking calculated risks and being open to opportunities, individuals can improve their chances of long-term financial stability. "The Psychology of Money" provides valuable lessons for making informed financial decisions and building a secure future. Whether it's avoiding excessive debt, investing in a diversified portfolio, or prioritizing long-term goals, the principles outlined in the book can empower individuals to take control of their finances and achieve financial success.

[doomedwojak]

Man i'm terrrible ill in my 20s. I didn't watched the video, but lety guess....is about how to build wealth truu investing, right? Good, because I'll not gonna make it. I don't even think i will life till 50. That's it, i made poor life decissions. Even if i have millions now, i still can't enjoy the life because im so ill. Of course money can help me a lot with health care but whats the point if i have to take treatments the whole life and still don't have energy to do things i like? It sucks to be ill. I only hope my pain will end one day...

[willalm]

if you live a frugal life whats the point of having it, and to eat burgers means that it will end all the sooner, good health is the wealth we all dream of and that will never come from super mac
as death takes it all away, $10000 at 20 is in no way equil to the same amount at 60 more so with ill heatlh, be frugal to save for those health bills from high blood sugar due to big macs

[subramanimani]

DID HE ENJOY HIS YOUTH WILL HE GET BACK HIS YOUTH WITH ALL THE MONEY HE HAS NOW CAN HE DO WITH THE SAME VIGOR WHAT HE COULD HAVE DONE THEN THERE IS A POINT HERE THAT EVEN IF ONE HAS 100 GOLDEN SLIPPERS ONE CAN WEAR ONLY ONE AT A TIME AS YOU EARLIER SAID MENTALITY OF ENOUGH AND SUFFICIENCY IS REAL RICHNESS