The Book That Changed My Financial Life πŸ€‘

A video by Ali Abdaal

In this video, Ali talks about The Psychology of Money book and shares his main takeaways from the book.

Main takeaways:

  1. Everyone has a different attitude toward money.
  2. Luck is necessary.
  3. Learn to say, "this is enough."
  4. Compounding (getting interested in your revenue).
  5. Save as much as you can.
  6. Avoid screwing up (all money in one bucket).
  7. Use the money to buy freedom.
  8. Getting wealthy is different from staying wealthy.
  9. Don't be flashy.
  10. Make room for error (survival if anything happens).
  11. Avoid future commitments for your self future. (people change, and their mindset changes every ten years).
  12. 12. Be reasonable rather than rational.

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