1. Focus on Saving, Not Just Earning
While earning more is important, it’s what you keep that truly matters. Many people fall into the trap of increasing spending as their income rises. Building wealth requires prioritizing consistent saving and avoiding unnecessary expenses. Even small savings add up over time.
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The Psychology of Money by Morgan Housel explores the complex relationship people have with money, highlighting how emotions, behaviors, and perspectives significantly influence financial decisions. Rather than focusing solely on technical financial strategies, the book delves into the psychology behind wealth, success, and happiness.
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