Erika Taught Me What Financial Experts Won't Tell You About Money With Morgan Housel
34 snips
Nov 1, 2022 
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No One Right Answer
- There's no single right answer in finance; what works for one person might not work for another.
- Embrace this to become less judgmental and find a money management approach that suits your goals and happiness.
Lottery and Hope
- Poorer Americans buy most lottery tickets, seemingly irrational.
- However, it represents hope for a life change when other options are limited.
Simple Financial Formula
- Live below your means, save the difference, and invest long-term.
- Diversify and be wary of certainty or overly confident financial forecasts.