Honest review of “The psychology of money” by MORGAN HOUSEL

THE PSYCHOLOGY OF MONEY BY SURENDAR THAKUR

1.         Luck and risk is both the reality that every outcome in life is guided by forces other than individual effort. They are so similar that you can’t believe in one without equality respecting the other.

2.         Discipline is the most important for any goals and makes talent. To reiterate good habit must need my self-discipline. If I not control my basic desire so will have little difficult. “If you do not conquer self you will be conquered by self”. Just imagine which could make it for extra efforts.

3.         Procrastination is very touch and not confined to long time happiness. Give signal to your dedicative work and get attached with your sub-consciousness mind. All the Great person and successor had their Great discipline. So only good discipline may make them ordinary to extra ordinary.
4.         The thing which need discipline so make distraction to itself where it can make resistance where could be develop the best of all. Self-discipline is the one where is the one best policy to recall it in our daily life.
5.         Lack of discipline means making more risk to my self-discipline. Which could make more in our life? The Great thinker means instant reaction impulsive which creates more regrets.
6.         First make calms and choose the way of discipline where it found the secret of my happiness. Reaction and response where brain reaction first trigger and activated where stress comes again and again.

7.         Success need to achieve best and motivate channelize things. Emotional feelings creates a respected and successful person where practices life begun. Deep breathing practices which parasympathetic.  
8.         Critical requirement of success and emotion and how all units become success on self-discipline calmly. If may cannot control the thought so cannot control our emotion. A soldier first analyses first and then react in our daily life which could must be develop the one things where emotion will be the best by good discipline.
10.       The first step in the process of self-creation is self-consciousness being aware of you as an actor and taking control of your appearance and emotions. Good actor controls themselves better.
11.       Change is slow and gradual. It requires hard work, a bit of luck, a fair amount of self-sacrifice, and a lot of patience. But a sudden transformation will bring a total change in one’s fortunes, bypassing work, luck, self-sacrifice, and time in one fantastic stroke.
12.       “The first principle is that you must not fool yourself and you are the easiest person to fool.” Now this not a book about ego in the Freudian sense. The ego we see most commonly goes by a more casual definition and an unhealthy belief in our won importance. Arrogance and self-centered ambition. That’s the definition this.
13.       If ego is the voice that tells us we’are better than we really are we can say ego inhibits true success by preventing a direct and honest connection to the world around us. One of the early members of Alcoholic Anonymous defined ego is a conscious separation form.

14.       We can’t work with other people i.e we have put walls. We can’t improve the world if we don’t understand it ourselves. We can’t take or receive feedback if we are incapable of or uninterested in hearing from outside source.

15.       At any given time in life, people find themselves at one of the three states. We are aspiring. We can seek to rationalize the worst behavior by pointing to outliers. But no one is truly successful because they are delusional, self-absorbed, or disconnected. Even, if these traits. Even if these traits are correlated or associated with certain well-known individuals, so are a few others, addiction, abuse of themselves and other) depression, mania.

16.       Infact, what we see when we study these people is that they did their best work in the moments when they fought back against these impulses, disorders, and flows. Only when free of ego and baggage can anyone perform to their outmost.

17.       When we remove ego, we are left with what is real. What replace ego is humility, yes, but rock hard humility and confidence? Whereas ego is artificial, this type of confidence can hold weight. Ego is stolen. Confidence is earned. Ego is self-anointed, its swagger is artifice.

18.       Complete disconnect from the world by which can give more time for your dedicated work. Weekened for my desire work which may devote more value in desire work. Make a habit how to switch itself to go in deep. To make deep work mind set I need to read 20 page and to write 3 pages each day. Deep work is like meditation. While doing any work think deep work skilled to solve anything. Start the journey with deep work. Before keep mind silence.

19.       They must need patience on itself. Unless I do deep work, I not get much satisfaction which not produced high value and will take more time. Awareness of consciousness choice.