The Psychology of Money | Power of Compounding | Investing Strategy

The Psychology of Money is a famous book written by Morgan Housel.
In this video, Deepika will elaborate on 5 life lessons from this book which will help you change your relationship, your psyche with money.
To start with, Deepika gives an example of a janitor from USA who's net worth at the time of his death was $8 million. He prioritized savings rate over his standard of living throughout the life. And that is why he could create such a huge wealth ...by simply changing his psychology about money.
Going further, Deepika explains the concept of Margin of Safety.
She highlights that one must carry a dynamic financial plan for uncertainties and different requirements at different times.
She also mentions that for money to grow, you must stay invested for a longer duration. Compounding has the capability of generating massive returns over a longer duration.
To end with, Deepika explains that a long-term investor and a day trader carry different mindsets. Thus, one should not just copy the other's decision.

We're certain that this video will change your psychology towards your wealth.
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About the Speaker:
Deepika Khude is a Certified Financial Planner (CFP) with 5 years’ experience in Investment Advisory and Financial Planning. Her strength lies in simplifying complex financial concepts with real life stories and analogies. Her goal is to make common retail investors financially smart and independent.
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[@rocksmasti]

Thanks a lot.... 🙏🙏🙏

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[@rohitkataria5276]

Nice 👍👍👍 . well explained .

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[@shishirpitre2623]

Thank you for the quick and simple summary.

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[@shalinpatel446]

Good morning, good learning gain in watching this video.

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[@consciousoptionstrading]

🙏🙏

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[@joharfianance5752]

Samco portfolio model bhout helpful hai

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