
25/07/2025
The Psychology of Money by Morgan Housel reminds us that luck and risk are huge factors in financial success.
A great investment might soar because of market trends (luck), or a solid plan can fail due to unexpected events (risk).
The lesson? Stay humble when things go well, and don’t beat yourself up when they don’t.
Build a financial plan that accounts for diversifying, saving for emergencies, and avoiding betting everything on one outcome.
How do you prepare for life’s surprises?