Develop good money habits from "summary" of The Psychology of Money - Gujarati Edition by મોર્ગન હાઉઝેલ
Developing good money habits is crucial for financial success in the long run. It is not about making a lot of money or having a high income, but rather about how one manages their money and makes financial decisions. Good money habits involve spending wisely, saving regularly, investing prudently, and avoiding unnecessary debt. Spending wisely means being mindful of where one's money goes and making thoughtful choices about purchases. It involves distinguishing between needs and wants, prioritizing essential expenses, and avoiding impulse buying. By being intentional with spending, one can ensure that money is being used effectively and not wasted on unnecessary items. Saving regularly is another key aspect of developing good money habits. Setting aside a portion of income for savings on a consistent basis helps build a financial cushion for emergencies and future goals. By making saving a priority and aut...
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