To grasp why people bury themselves in debt, you don’t need… - Morgan Housel

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To grasp why people bury themselves in debt, you don’t need to study interest rate: you need to sturdy the history of greed , insecurity and optimism.

Morgan Housel

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debt

English

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Tony Robbins Robert Kiyosaki Tim Ferriss Naval Ravikant Charlie Munger

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Spending money to show people how much money you have is the fastest way to have less money.

It’s not that any of these things are bad or wrong. It’s that knowing what to do tells you nothing about what happens in your head when you try to do it.

John Stuart Mill wrote in the 1840s: “I have observed that not the man who hopes when others despair, but the man who despairs when others hope, is admired by a large class of persons as a sage.

To grasp why people bury themselves in debt, you don’t need to study interest rate: you need to sturdy the history of greed , insecurity and optimism. - Morgan Housel

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