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August 13, 2018

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Fascinating subject. You should read Dan Ariely's "Predictably Irrational: The Hidden Forces That Shape Our Decisions".

In it, he covers subjects such as the curse of relativity. As human beings, we naturally make decisions by comparing to something or someone else. Also very interesting is the psychology around how we decide whether something is expensive or not. And what role money plays in our relationships with others.

Great post, man.

A well written post. The compound interest point is key. There are too many people out there who don't fully appreciate the power of compound interest. People look at reasonable historic returns in the stock market over decades, see that it's 7%-9% and think: wow, that feel low for the risk and the patience required....I'm just going to buy another latte instead. What a mistake - even at 7% you'd double your money in 10 years -> keep investing throughout that period and you'll be sat on a hefty amount

By investing the money in a right plan with the right guidance, one can boost the financial values of own life and can become financially independent

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