2. One can be wealthy without superior intelligence of financial education. You just need right behavioral skills.
20 Timeless Financial Lessons from the book:
"THE PSYCHOLOGY OF MONEY"
– Thread –
2. One can be wealthy without superior intelligence of financial education. You just need right behavioral skills.
You can make good decisions that lead to poor financial outcomes vice-versa.
4. Saying “enough” is realizing that an appetite for more will push you to the point of regret.
6. Buying impressive items to gain admiration & respect from others is a fool’s pursuit~ These things can not be bought.
Once you have more money & power. It's easy to get lost in ambition so stick to your goal.
8. There are certain things which are never worth taking a risk like Character, Family, Friends & Freedom, Happiness.
That's when compounding turns wild.
10. Earning good money & keeping that money are two different areas of expertise.
Most people fail in one or the two skills.
No one makes good decisions all the time.
You should always leave room for error when estimating your future returns.
You should market volatility as a fee rather than a fine.
If you can do this, you are more likely to stay in the game long enough for investment gains to work for you.
14. Rich is the current income. Wealth is income not spent. Wealth is hard because it requires self-control.
16. The highest form of wealth is the ability to wake up every morning and say, ‘I can do whatever I want today.
There will always be unprecedented events, for which we will never be prepared, and therefore, will have a massive impact on how the world operates.
Humility, kindness & empathy will bring you more respect than horsepower ever will.
19. Having more control over your time & options is one of the most valuable currencies in the world.
More from Gurleen
#TATAELXSI Update
Previous High holding up as support; Till the time it is held, It's poised for more into the uncharted territory.
#StockMarket #stockstowatch https://t.co/1czL1114bm
Previous High holding up as support; Till the time it is held, It's poised for more into the uncharted territory.
#StockMarket #stockstowatch https://t.co/1czL1114bm
#TATAELXSI Update
— Gurleen (@GurleenKaur_19) August 17, 2021
250+ points running \U0001f4cd#StockMarket https://t.co/gj4lH7FNmH pic.twitter.com/EHwK4C1Ohr
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THREAD: 12 Things Everyone Should Know About IQ
1. IQ is one of the most heritable psychological traits – that is, individual differences in IQ are strongly associated with individual differences in genes (at least in fairly typical modern environments). https://t.co/3XxzW9bxLE
2. The heritability of IQ *increases* from childhood to adulthood. Meanwhile, the effect of the shared environment largely fades away. In other words, when it comes to IQ, nature becomes more important as we get older, nurture less. https://t.co/UqtS1lpw3n
3. IQ scores have been increasing for the last century or so, a phenomenon known as the Flynn effect. https://t.co/sCZvCst3hw (N ≈ 4 million)
(Note that the Flynn effect shows that IQ isn't 100% genetic; it doesn't show that it's 100% environmental.)
4. IQ predicts many important real world outcomes.
For example, though far from perfect, IQ is the single-best predictor of job performance we have – much better than Emotional Intelligence, the Big Five, Grit, etc. https://t.co/rKUgKDAAVx https://t.co/DWbVI8QSU3
5. Higher IQ is associated with a lower risk of death from most causes, including cardiovascular disease, respiratory disease, most forms of cancer, homicide, suicide, and accident. https://t.co/PJjGNyeQRA (N = 728,160)
1. IQ is one of the most heritable psychological traits – that is, individual differences in IQ are strongly associated with individual differences in genes (at least in fairly typical modern environments). https://t.co/3XxzW9bxLE
2. The heritability of IQ *increases* from childhood to adulthood. Meanwhile, the effect of the shared environment largely fades away. In other words, when it comes to IQ, nature becomes more important as we get older, nurture less. https://t.co/UqtS1lpw3n
3. IQ scores have been increasing for the last century or so, a phenomenon known as the Flynn effect. https://t.co/sCZvCst3hw (N ≈ 4 million)
(Note that the Flynn effect shows that IQ isn't 100% genetic; it doesn't show that it's 100% environmental.)
4. IQ predicts many important real world outcomes.
For example, though far from perfect, IQ is the single-best predictor of job performance we have – much better than Emotional Intelligence, the Big Five, Grit, etc. https://t.co/rKUgKDAAVx https://t.co/DWbVI8QSU3
5. Higher IQ is associated with a lower risk of death from most causes, including cardiovascular disease, respiratory disease, most forms of cancer, homicide, suicide, and accident. https://t.co/PJjGNyeQRA (N = 728,160)