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Luck plays a significant role in financial success from "summary" of The Psychology of Money by Melody Jefferson,Morgan Housel
Luck, whether we like it or not, is an undeniable factor in achieving financial success. Many successful individuals attribute their accomplishments to hard work, determination, and intelligence - and to some extent, these qualities do play a role. However, it's crucial to acknowledge the role that luck plays in our financial outcomes. Consider the example of two individuals starting their careers at the same time, with similar backgrounds, education, and skills. One might go on to achieve great success while the other struggles to make ends meet. What sets them apart? Luck. It could be landing the right job at the right time, meeting the right mentor, or even being in the right place at the right moment. These are all instances of luck that can significantly impact one's financial trajectory. Moreover, the conce...
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