<\/span>The Psychology of Money Main Ideas<\/span><\/h2>\nThe book has many ideas going for it, but I will highlight the three most important main ideas that come from the book.<\/p>\n
<\/span>1 . Why Saving Money Earlier is Important<\/span><\/h3>\nThis is probably the most important part of the book. Of all the 19 stories in the book, each of them highlights the stupid and wasteful things we do with money instead of putting at least some of it away for our future selves. This is a very important lesson to learn, especially at a younger age.<\/p>\n
This will teach you that investing in yourself and your future is single-handedly the most important thing one person can do to ensure success. This is fairly obvious too, because of how much prices have risen over the years, saving money is more important for the long-term compared to the short-term. This is because of many other things out of your control, and only something we can fix over time.<\/p>\n
And the author highlights this in a way that will make you think, while also being funny about it. This will definitely make you think about where you can save money and that being frugal is the more important thing, especially at a younger age,<\/p>\n
<\/span>2. Everyone does stupid things with money<\/span><\/h3>\nThis is a lesser-known point in the book, but it is there throughout the book. As you read it you’ll start to understand it as well” everyone does stupid things with money. This is pretty apparent, especially with having 19 different stories that highlight the different ways we are all wasteful when it comes to spending.<\/p>\n
The book also not only says this, but it also tells you not to feel bad about how we waste our money. Since everyone does it in one way or another, why should we feel bad about how we waste our money? No, You or I shouldn’t feel bad about it.<\/p>\n
Since everyone does it, especially the younger generations, the book is being sold to teach these lessons to everyone. Everyone may have some type of money issues, be it with buying dumb stuff, shopping addiction, or many other things.<\/p>\n
<\/span>3. Not only saving is important<\/span><\/h3>\nThe book teaches us that yes- saving is important, but other things are just as important outside of saving. One thing it teaches is that investing is very important. Most importantly- getting annual returns is very important.<\/p>\n
The book highlights great ways to invest money without being worried about losing money. Sure, the market goes down, but it isn’t anything you should worry about. The idea here is to invest in stocks and bonds, and both can give a good amount of returns on your initial investment.<\/p>\n