However, most likely your fear of losing the money altogether will keep you from doing so.īut when your greed takes over, you might then spend the extra money on an improved lifestyle. Maybe you find a good fund with a 60% chance to double your money within a year, but a 40% chance of losing it all. Put it into something that builds wealth like stocks or bonds, which has risk, but a lot of potential. We let the two main emotions everyone has around money dominate our decisions: fear and greed. That’s why we still stick to the outdated mantra “Go to school, go to college, get a job, play it safe.” when in reality no job is safe any more.įor example, when you get a raise at your job, a wise choice would be to invest the extra money. The summary on Blinkist starts with the idea that many of us are too afraid of being branded as a weirdo, in order to exit the rat race. While he speaks affectionately of both, they were very different when it came to dealing with finances. His own father and the father of his best friend. Robert Kiyosaki tells the story of his two Dad’s in his childhood. Otherwise, it wouldn’t have sold over 32 million copies. Although the book is controversial and often takes criticism, people still believe it’s worth reading. Rich Dad Poor Dad is a modern classic of personal finance and our favorite finance book of all time.
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