Learn to manage your emotions around money from "summary" of Summary - Rich Dad Poor Dad by David De Angelis
One of the most important lessons to learn on your journey to financial success is how to control your emotions when it comes to money. Many people let their emotions dictate their financial decisions, which can lead to poor choices and missed opportunities. By learning to manage your emotions around money, you can make more rational decisions that will benefit you in the long run. When you let fear, greed, or impulsiveness drive your financial decisions, you are more likely to make mistakes that could cost you money. For example, if you panic and sell your investments during a market downturn, you may miss out on potential gains when the market recovers. Similarly, if you let greed guide your decisions, you may take unnecessary risks that could result in losses. To avoid falling into these traps, it's important to take a step back and assess your emotions before making any financial decisions. Ask yourself why you are feeling a certain way and whether those feelings ar...
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