Life-changing lessons from The Psychology of Money

Nischa so great

Nigella Lawson, the Chef, is now a financial guru?

I think you missunderstood the first point summarized. I think it was more about being content with modest returns and being able to sleep at nigh, rather than chasing highest returns but always living with high levels of stress. It wasn't so much about not being able to repeat the wins, which is probably true as well.

I believe the purpose of reading this book is not to take it as a guide for financial investment but to use the concept of investment to convey wisdom. Understanding oneself, self-improvement, and making oneself deserving of more wealth are the most important aspects.

You should now read his second book - Same as Ever. Really nice.

wow this woman is beautiful

Best review s

Great summary of the book. For me, the most important thing is that being wealthy means doing what I want at any time without harming anyone.

18/10/23

Hello Nischa, any chance you could review The Rees Approach: A Beginner's Guide to Making Money in the Stock Market? Thank you.

nice summary @Nischa

Gates is the most hated man in the world today. Maybe second to Putin but I would quit using him as an example of anything. Look up his TED talk from 2012 to learn what makes him so hated.

you are soo pretty

Thanks for summarising the contents & values of the book. Its good as hv read the book. Its true & good advice to anybody.

Thank you for producing this educational video and introduction to this book. Keep it up. Good work Nischa!

Yet again. Dollars and scents. If your preaching from London why not pounds and pence

great video - Im in my early 50s and due to a divorce and poor health I am only start investing now so this really helps thank you

Real wisdom here, Nischa!

What a great set of rules for a young person setting out on a path of life wealth. I learned these rules the hard way finaly having the correct mind-set in my mid 50s. Another great video of the many you have produced, but where did you get all this knowledge from so early in your life?

Thank you for recommending this book. I read it and couldn't stop reading it. Some chapters were hard to digest but overall, it changed my mind about how I see investment and how to prepare for it. Along with that the story comparison is great to see

I prefer the word use money to buy "autonomy" rather than control.

Hii Nischa,..Amazed by your way of explaining each content and your editing is perfect :)

Thank you for your content. Excellent. In recent years I have gone through many awakenings. Most of these awakening could not be achieved without read books.

I remember when my dad died, I cleared the mortgage. It brought back something he'd said years before. We'd discussed it and he'd said, yes not having to spend the money was great but the fact that nobody could take away the property was infinitely better.

Thanks, Nischa, always interesting. A question - do you think broadly that any of this changes as we get older? I'm 61, have recently changed jobs from 15 years of freelance to being employed in a near-minimum wage job. I feel good about the security it provides and I'm ok with it because my pension pot, which I already have, will provisionally - assuming no gigantic market shift, which I can't control - leave me ok in retirement. Never able to buy 1st class flights, but ok. I don't drive (medical - never have), don't smoke or drink (not evangelical; just don't) and buy little. I have tracked my money for years using AceMoney (no, not affiliated!). Broadly, I reckon I fall into your' (sic) 'good' category. Yet I have reservations, but can't really pin them. The underpin to the question - and you can understand this logically but because of your age can't actually appreciate it (no, not any criticism - I'm old!) - is whether making money, however it might be done, becomes less important the older we get. Do we get to an age - it will vary - where we have what we have and unless we are in dire straits, making or having more becomes irrelevant. I'd welcome your thoughts. x

One of the best parts is when he gives the example of the crash of 29. 1 guy had a bad day, and 1 guy had a great day.

Hi Nischa. Been trying to find the right video to post this under. What should I do with my bonus? Put it all in savings, invest all or some, pay off bills/debt, spend it?? Would love to hear your thoughts on what to do with bonuses or the return of rental deposits. Or if you've already addressed it, if you can tell which video to watch! Ty.

You are great! I messaged yiu on instGrAM! thanks for the videos

I love this book.

Miss World from 2023 till the end of the universe

Just finished reading this book last week. Really life changing and valuable information.

I lean towards a sustainable amount of travel overseas to very difficult cultures on a frugal budget (and better yet, with a remote part time job these days). Sure we have the internet to provide a glimpse of digital travel, but the in-person culturing of the mind and spirit is a powerful investment in the early self curiosity and adventure that can inspire a more bold explorer of future endeavors with the confidence of having traveled young (or at all).

👍👍👍👍👍

One of the best books I’ve read on the subject in recent years. Recommended reading

Thank's a bunch for all your recommendations 🌅

You've earned a subscriber today. Your content is excellent and thought invoking compared to the rubbish out there.

Love your videos , short and concise. Straight to point , 🙏

Been watching your content for some time, love it.great job ❤️from india

You are changing so many people's lives with your videos..... don't stop!!!

I haven't read that one but from your synopsis I would recommend reading The Millionaire Next Door and The Millionaire Mind which I found comprehensive and compelling analysis of the wealthy and their habits and mindsets.

Rich is silent- as in its subtle, poor is loud. i made that up but i think it fits lol. Nice video...definitely sharing this one with my daughter. i can hear now already...dad i know i know lol

i am already 50. do you think it is too late to improve my finance?

The first 2 principals I knew without reading this book. I knew that whatever you obtain in life there is a price to pay for. So for me I like being single because having a family will only take away my time do things on my own. The second principal is you can’t imitate someone that’s fallacy. You learn from someone but you are a unique individual & you need to know this. The fact Bill Gates went to a school at time with a single computer trigging an interest says all you need to know. It’s about timing & chance.

One of the biggest religious and cultural conditioning of mind is ...money is bad and brings evil ..so donate to others ... No for their needs but to bring happiness and pious deeds so you can enjoy life beyond earth...it puts people is conflict inside their mind and they create unhealthy relationship with money ... They know they need it but their values are against it so they can't put proper open minded effort...

I feel like this vid answered my q to your poll nice one🔥

Everything was great except using bill gates as example, can’t take that part seriously

Can I ask you something

I guess I should have written this book. Been doing all this for years. I didn't know people weren't following these ideologies.

I love watching your videos :)