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💸 Psychology of Money

Sunday Summary
Hi👋, Vyshnav here

This week I published my book notes on the book The Psychology of Money by Morgan Housel. Here are some of my favourite highlights from the book. You can check out the entire book notes using the link below.
More than 2,000 books are dedicated to how Warren Buffett built his fortune. Many of them are wonderful. But few pay enough attention to the simplest fact: Buffett’s fortune isn’t due to just being a good investor, but being a good investor since he was literally a child.
The highest form of wealth is the ability to wake up every morning and say, “I can do whatever I want today.”
Wealth is hidden. It’s income not spent. Wealth is an option not yet taken to buy something later. Its value lies in offering you options, flexibility, and growth to one day purchase more stuff than you could right now.
The problem for many of us is that it is easy to find rich role models. It’s harder to find wealthy ones because by definition their success is more hidden.
Growth is driven by compounding, which always takes time. Destruction is driven by single points of failure, which can happen in seconds, and loss of confidence, which can happen in an instant.
Define the game you’re playing, and make sure your actions are not being influenced by people playing a different game.
Good decisions aren’t always rational. At some point you have to choose between being happy or being “right.”
🎯 Goal Progress
✏️ Things I Created
📗 The Psychology of Money - Book Notes
Brain and Ideas Illustration - Speed Art
Brain and Ideas Illustration - Speed Art
📝 Quote of the Week
Have the confidence to find your niche, define who you are, then declare it again and again and again and again. If you do it persistently enough, you will own that niche. People will not be able to imagine that niche without you.
~ Your Music and People (Book Notes)
♥️ Favourite Things
🔓 15 bad habits holding you back from your potential by Sahil Bloom - Unlock your true potential by letting go of these bad habits.
🖋️ 21 tweet formats that helped me reach 64,000+ followers by Harsh Makadia - Consistency isn’t enough to grow on Twitter. Here are 21 tweet formats that helped Harsh reach 64,000+ followers.
📚 100 Books To Read Before You Die by Library Mindset.
🧶 22 lessons you need for 2022 by Harsh Makadia - 37% of the year 2022 is gone. The year still has 63% left. Here are 22 lessons you need for 2022.
📖 I read 100 self-help books. Here’s what I learned by Matt D'Avella - I read 100 self-help books. From The Power of Now to Deep Work, to Daring Greatly and Awaken the Giant Within. You can say that I have a bit of a problem. But I learned so much from these books, and the lessons might change the way you look at self-help.
Have a great week! 🥳
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Vyshnav Gangadharan
Vyshnav Gangadharan @vyshnav_xyz

Sunday Summary is a weekly newsletter where I write about things I created✏️, enjoyed♥️, and discovered that week. Also, you will receive productivity tips✨, early access to Notion templates, articles, book notes📘, and other interesting things.

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Made with ❤️ by Vyshnav Gangadharan in India