5 strong learnings from “The Psychology of Money” by Morgan Housel:
1.Wealth is what you don’t see – True wealth is built by saving and investing, not by flashy spending.
2. Compounding is powerful – Small gains, consistently reinvested over time, can create extraordinary results.
3. Control your emotions – Good financial decisions depend more on behavior and patience than on intelligence.
4. Enough is enough – Chasing money endlessly can lead to risk, regret, and unhappiness; know when to stop.
5. Luck and risk matter – Success is not just hard work; circumstances, timing, and risk-taking also play a major role.