Understanding your values can guide financial choices from "summary" of PSYCHOLOGY OF MONEY. by MORGAN. HOUSEL
Understanding your values is crucial in making sound financial decisions. Your values serve as a compass that guides you towards making choices that align with what is truly important to you. When you have a clear understanding of your values, you are less likely to be swayed by external influences or societal pressures that may lead you astray. Financial decisions can be complex and overwhelming, but when you have a strong sense of your values, you can use them as a filter to evaluate your options. For example, if one of your core values is family, you may prioritize spending money on experiences that strengthen your relationships with your loved ones rather than on material possessions that provide temporary satisfaction. By aligning your financial choic...
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