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The psychology of money can greatly affect our spending habits. It influences how we perceive value and risk, which in turn affects our decisions about where, when, and how much to spend. For example, some people may be more inclined to spend money on experiences rather than material goods because they value the memories and emotions associated with those experiences. Others may be more risk-averse and choose to save or invest their money rather than spend it. These decisions are often driven by our personal beliefs and emotions about money, which are shaped by our individual experiences and societal influences.
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How should investors manage the inevitabilities of risk? What are the most powerful wealth-building tools that require little technical skill? How do...
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In , investor and finance journalist Morgan Housel answers these questions and shares how human thought, habits, and emotions are intertwined with investment. He shares insights and strategies for how investors can leverage these connections for personal gain — not only financial but personal and emotional as well.
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