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The Psychology Of Money

Erika Taught Me

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The Biggest Mistakes in Personal Finance

This chapter discusses the biggest mistakes people make when it comes to their money, highlighting the presence of bad advice in the money business and the lack of regulation in the finance world. It emphasizes the challenges of discerning trustworthy advisors and warns about excessive certainty in financial forecasts. The chapter also explores the impact of social media on personal finance information accessibility and discusses the influence of social media and the COVID-19 lockdowns on young investors.

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