Résumé du livre
Jonathan Clements is the author of the book "How to Think About Money" and the editor of HumbleDollar.com. He was born in England, attended Cambridge University, and now resides just outside of New York City. He worked for Euromoney and Forbes before landing a job at The Wall Street Journal, where he stayed for over two decades.
The key to financial happiness lies in the straightforward yet sometimes challenging practice of saving money. This can be achieved by cutting expenses, redirecting funds into a high-yield account regularly, and adopting a frugal lifestyle. Taking steps to reduce fixed costs, such as those related to cars, evaluating insurance policies thoughtfully, and embracing frugality contribute to building wealth. By effectively managing your finances and wisely investing surplus funds in stocks, you can make your money work for you. If done correctly, this approach can provide enough funds for a comfortable life as well as for retirement.
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“We take credit for our winners, while blaming our losers on others. This delusional reaction reduces the chances that we will learn from our mistakes, while further bolstering our self-confidence.”
“We’re too focused on the short-term. Experts keep advising us to save and invest, so we can retire in 20 or 30 years. And yet we remain almost exclusively focused on the here and now."
“As we manage our finances, we might insist our goal is strictly utilitarian, and that all we want to do is make money. But in truth, we often make decisions for expressive or emotional reasons.”
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