Morgan Housel's Wealth Lessons: The Psychology of Money - Pt 2

Welcome back to Episode 112 of The Numbers Game. As we continue our journey in this second part of this episode, we further explore the remaining wealth lessons drawn from Morgan Housel's "The Psychology of Money". We'll dissect and discuss each lesson, sharing our interpretations and key takeaways.On part-two, we discuss:The significance of avoiding debt and long-term investing.Exploring the role of reasonable financial decision-making and having backup plans.Identifying trends and patterns in financial markets to avoid herd mentality.Understanding that past events do not necessarily dictate future outcomes.The illusion of free market returns and the need for continuous learning.Balancing optimism with a realistic understanding of potential risks.The value of emotional management and humility in financial success.Check out the free resources from Inovayt here.Send us an email: hello@thenumbersgamepodcast.com.auThe Numbers Game is brought to you by Future Advisory & Inovayt.Hosts:<br />Nick Reilly<br />Jason Robinson<br />Martin VidakovicThis podcast is produced by VIDPOD.