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Episode 2591:
Andrew of DollarAfterDollar.com outlines seven key traits of mentally strong individuals in the context of financial success. He emphasizes the importance of understanding the long-term impact of financial decisions, removing emotion from financial choices, persistently sticking to a financial plan, overcoming fear and failure, adapting to setbacks, being willing to work hard, and continuously learning. Andrew highlights how these traits contribute to building wealth and achieving financial goals. He cites examples such as investing consistently, learning from mistakes, and gaining financial knowledge to become self-reliant in managing finances.
Read along with the original article(s) here: https://www.dollarafterdollar.com/7-mentally-strong-financial-traits/
Quotes to ponder:
"Money is a mental game."
"If you invest $20 a week with the market average of 8% interest, you would have $51,310.30 in 20 years."
"The greatest money mind of all time, Warren Buffet, is known to read 80% of his work day."
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Optimal Finance Daily - Financial Independence and Money Advice