The Psychology Of Money Pdf Download-All English Pdf Books
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The Psychology Of Money Pdf Download-All English Pdf Books
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The Psychology Of Money Pdf Download-All English Pdf Books
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The Psychology Of Money Pdf Download-All English Pdf Books
Book Name: The Psychology Of Money
Author: MORGAN HOUSEL
Size: 1.53 MB
Page: 253
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2. Planning is important, but the most important part of every plan is to plan on the plan not going according to plan.
What’s the saying? You plan, God laughs. Financial and investment planning are critical, because they let you know whether your current actions are within the realm of reasonable. But few plans of any kind survive their first encounter with the real world. If you’re projecting your income, savings rate, and market returns over the next 20 years,
think about all the big stuff that’s happened in the last 20 years that no one could have foreseen: September 11th, a housing boom and bust that caused nearly 10 million Americans to lose their homes, a financial crisis that caused almost nine million to lose their jobs,
a record-breaking stock- market rally that ensued, and a coronavirus that shakes the world as I write this.
A plan is only useful if it can survive reality. And a future filled with unknowns is everyone’s reality.
A good plan doesn’t pretend this weren’t true; it embraces it and emphasizes room for error. The more you need