Understand the psychology of money from "summary" of The Psychology of Money - Gujarati Edition by મોર્ગન હાઉઝેલ
Understanding the psychology of money is not just about numbers and calculations. It goes beyond the surface level of financial decisions and delves into the underlying emotions and behaviors that drive our relationship with money. This concept emphasizes the importance of recognizing that our attitudes, beliefs, and past experiences shape how we think about and interact with money. One key aspect of understanding the psychology of money is acknowledging that financial decisions are not always rational. In many cases, our emotions and biases play a significant role in how we manage our finances. For example, we may make impulsive purchases due to the thrill of instant gratification or hold onto investments out of fear of loss. By being aware of these psychological factors, we can make more informed decisions and avoid co...
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