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Understanding your own values and goals is crucial for financial decisionmaking from "summary" of The Psychology of Money by Melody Jefferson,Morgan Housel
To make sound financial decisions, it is imperative to have a clear understanding of one's values and goals. These serve as the foundation upon which all financial choices are made. Without a solid grasp of what is truly important to you and what you aim to achieve, it becomes easy to veer off course and make decisions that may not align with your long-term objectives. When it comes to money, it is not just about numbers and figures. It is about the deeper meaning behind those numbers - the values and goals that drive your financial decisions. By taking the time to reflect on what truly matters to you and what you hope to accomplish in the future, you can gain clarity on the path you need to take to reach your goals. Your values act as a guiding light, helping you stay...
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