Live below your means
Wealthy people often live modestly, prioritizing financial security over appearances. By resisting the urge to spend extravagantly, you can grow your financial reserves and handle emergencies or opportunities without stress.
29
128 reads
CURATED FROM
IDEAS CURATED BY
The Psychology of Money by Morgan Housel explores the complex relationship people have with money, highlighting how emotions, behaviors, and perspectives significantly influence financial decisions. Rather than focusing solely on technical financial strategies, the book delves into the psychology behind wealth, success, and happiness.
“
Similar ideas to Live below your means
Never Live Beyond Your Means
- Make a list of all your outgoing expenses.
- Think very carefully about what’s strictly necessary and what’s just a luxury.
- Cut back on things you can live without.
- Be very wary of developing expensive habits.
Decisions with long-term payoffs
- When choosing a place to live, people who live near water, whether a lake, river, or ocean, are 10 percent more likely to be happy than people who don't.
- People who live in medium-sized cities are more likely to be happy than in a big city or a tin...
Month 6 – Work on your independence. (1)
Independence is a broad word, and it can include many things. But for me, it means career, personal finance, money, and stability.
What will happen if you lose your job tomo...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates