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This Book Changed Me Financially | The Psychology of Money

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My whole worldview of money has changed all thanks to this book ๐Ÿ”ด ๐—ฆ๐˜๐—ฎ๐—ฟ๐˜ ๐—œ๐—ป๐˜ƒ๐—ฒ๐˜€๐˜๐—ถ๐—ป๐—ด ๐˜„๐—ถ๐˜๐—ต ๐—œ๐—•๐—ž๐—ฅ โžก๏ธ https://www.interactivebrokers.com/mkt/?src=zietPY2&url=%2Fen%2Fwhyib%2Foverview.php%3Fnored%3Dt

๐Ÿ”ด ๐—ฆ๐˜๐—ฎ๐—ฟ๐˜ ๐—œ๐—ป๐˜ƒ๐—ฒ๐˜€๐˜๐—ถ๐—ป๐—ด ๐˜„๐—ถ๐˜๐—ต ๐—œ๐—•๐—ž๐—ฅ โžก๏ธ https://www.interactivebrokers.com/mkt/?src=zietPY2&url=%2Fen%2Fwhyib%2Foverview.php%3Fnored%3Dt

๐ŸŸ  ๐—ฆ๐˜๐—ฎ๐—ฟ๐˜ ๐—œ๐—ป๐˜ƒ๐—ฒ๐˜€๐˜๐—ถ๐—ป๐—ด ๐˜„๐—ถ๐˜๐—ต ๐—บ๐—ผ๐—ผ๐—บ๐—ผ๐—ผ โžก๏ธ https://j.moomoo.com/00JRcf

โฌ‡๏ธ Timestamps:
0:00 โ†’ Introduction
0:31 โ†’ Chapter 3: Never Enough
2:15 โ†’ Chapter 4: Compounding
4:15 โ†’ Chapter 6: Tails, You Win
7:44 โ†’ Chapter 11: Reasonable more than Rational
9:38 โ†’ Chapter 15: Nothing is Free
10:42 โ†’ Chapter 16: You and Me
12:27 โ†’ Chapter 17: The Seduction of Pessimism
13:56 โ†’ Conclusion

I came across The Psychology of Money by Morgan Housel and man, it has changed my entire perspective of money. In case you didn't know, Morgan Housel, a former columnist with the โ€œWall Street Journalโ€, and in this book, he discusses the emotional aspects that influence how financial decisions are made, which, once identified, allows one to better understand oneself.

For example, some people may feel a sense of anxiety or shame about money due to past financial struggles, while others may have a more optimistic or carefree attitude towards money based on their upbringing or personality.

Our emotions can also influence our financial decisions, such as whether to save or spend money, how much risk to take when investing, and whether to borrow money or pay off debts. For instance, fear of losing money can lead people to avoid investing or taking risks, while overconfidence can lead people to make risky investments that may not pay off.

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โ—๏ธUSEFUL LINKSโ—๏ธ
โœ…Start Investing in the U.S. market now!๐Ÿ‘‡๐Ÿป
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โœ…Full Interactive Brokers Playlist๐Ÿ‘‡๐Ÿป
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โœ…Moomoo Complete Playlist๐Ÿ‘‡๐Ÿป
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โœ…Beginner's Step-By-Step Playlist to Start Investing ๐Ÿ‘‡๐Ÿป
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โœ…Exchange-Traded Funds (ETFs) Playlist ๐Ÿ‘‡๐Ÿป
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โœ…๐ŸŽฅAll the gears that I use to make my YouTube videos: https://kit.co/Ziet/youtube-gears

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Disclaimer: This content is provided by a paid Influencer of Interactive Brokers. Influencer is not employed by, partnered with, or otherwise affiliated with Interactive Brokers in any additional fashion. This content represents the opinions of Influencer, which are not necessarily shared by Interactive Brokers. The experiences of the Influencer may not be representative of other customers, and nothing within this content is a guarantee of future performance or success.

None of the information contained herein constitutes a recommendation, promotion, offer, or solicitation of an offer by Interactive Brokers to buy, sell or hold any security, financial product or instrument or to engage in any specific investment strategy. Investment involves risks. Investors should obtain their own independent financial advice and understand the risks associated with investment products and services before making investment decisions. Risk disclosure statements can be found on the Interactive Brokers website.

Interactive Brokers is a FINRA registered broker and SIPC member, as well as a National Futures Association registered Futures Commission Merchant. Interactive Brokers provides execution and clearing services to its customers. For more information regarding Interactive Brokers or any Interactive Brokers products or services referred to in this video, please visit www.interactivebrokers.com.

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