A high income does not guarantee financial security from "summary" of The Psychology of Money by Melody Jefferson,Morgan Housel
It's a common belief that a high income automatically leads to financial security. After all, more money means more resources, right? In reality, this assumption doesn't always hold true. Financial security isn't just about how much money you make; it's about how you manage and grow that money over time. A high income can create a false sense of security, leading people to overspend and accumulate debt. Without proper financial habits and planning, even the highest earners can find themselves in precarious financial situations.
Moreover, a high income can sometimes come wi...
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