05-26-2024, 05:43 PM
The psychology of money refers understanding your financial behaviors and using them to your advantage. For example, automate savings and investments to build wealth consistently without emotional spending decisions. You need to create multiple income streams, such as investing in stocks or rental properties, to diversify and grow your earnings. Set clear financial goals, like a down payment for a house, to stay motivated and disciplined, ensuring your money works for you effectively.