Money can be a source of stress or freedom depending on how we manage it from "summary" of The Concise Psychology of Money by Morgan Housel
Money is a peculiar thing. It’s a tool that can provide us with security, comfort, and opportunities, but it can also be a source of anxiety, tension, and worry. How we manage our money plays a significant role in determining whether it brings us stress or freedom. When we handle our finances poorly, constantly living beyond our means, accumulating debt, and failing to save for the future, money can quickly become a burden. The weight of financial obligations can feel suffocating, leading to sleepless nights, strained relationships, and a pervasive sense of unease. The stress that comes from mismanaging money can have far-reaching consequences, impacting our mental and physical well-being. Conversely, when we approach money with discipline, foresight, and intention, it can become a source of liberation. By creating a budget, setting financial goa...
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