5 Key Points from The Psychology of Money (Morgan Housel)

1. The power of compounding; “His (Warren Buffet) skill is investing, but his secret is time.
2. Price of investment; Everything comes at a price. When you make an investment, the real price is not money but overcoming fear, doubt, uncertainty, greed, and regret.
3. Stop being greedy; “The hardest financial skill is getting the goalpost to stop moving”
4. Use the money to buy time; Money is useful when you can use it to buy time and do what you want to do if you are rich in the real sense.
5. Freedom; “Controlling your time is the highest Dividend money pays”

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اللهم صل على محمد وآل محمد
(Allahumma salli ‘ala Muhammad wa ali Muhammad)
سُبْحَانَ اللّهِ وَ بِحَمْدِهِ ، سُبْحَانَ اللّهِ الْعَظِيمِ
(SubhanAllahi wa biHamdihi, SubhanAllahil adzim)
سبحانك اللهم وبحمدك أشهد ان لا إله إلا أنت أستغفرك وآتوب إليك
(Subhanakallahumma wabihamdika asyhadu allaailaaha illa anta astaghfiruka wa atuubu ilaika)