…doing well with money has a little to do with how smart you are and a lot to do with how you behave. And behavior is hard to teach, even to really smart people.
002
The Psychology of Money:
Luck and risk are both the reality that every outcome in life is guided by forces other than individual effort.
028
The Psychology of Money:
There is no reason to risk what you have and need for what you don’t have and don’t need.
041
The Psychology of Money:
…life isn’t any fun without a sense of enough. Happiness, as it’s said, is just results minus expectations.
041
The Psychology of Money:
…there’s only one way to stay wealthy: some combination of frugality and paranoia.
057
The Psychology of Money:
The ability to stick around for a long time, without wiping out or being forced to give up, is what makes the biggest difference.
060
The Psychology of Money:
…few gains are so great that they’re worth wiping yourself out over.
060
The Psychology of Money:
…few plans of any kind survive their first encounter with the real world.
063
The Psychology of Money:
A plan is only useful if it can survive reality. And a future filled with unknowns is everyone’s reality.
063
The Psychology of Money:
Controlling your time is the highest dividend money pays.
