Isah Adamu

@FinPlanKaluAja1 True !

A version of this happens to everyone

@asemota The book has 23 chapters or so and no dull moments throughout. The idea is that if you want to invest or go into business, there are things that will never change ('same as ever'). The book serves as a guide.

There are two sides to this. 1. It could have been pure dumb luck that isn't easily repeatable, or... 2. You may have stumbled on a new process by accident. The key is to identify which parts led to the outcome and which of them will not change on repetition. The biggest problem we face as Africans is entropy rather than equilibrium. Equilibrium states are rare because the energy to sustain things is usually dissipated after a short while. You can't depend on markets that are in constant survival mode unless you are running an extraction or extortion racket. Most African markets do not grow because they are not designed to do so sustainably. This is why my brother @EfosaOjomo's work on prosperity is so valuable. I am currently reading the book below, and it offers valuable insights into developing sustainable models and achieving higher levels of equilibrium. It has also made me realize that I can also write my own book on many short stories and insights based on the African experience. Thanks again @morganhousel

@AllenMRI7 @asemota @morganhousel Listened to the audiobook on audible, compelled to buy the hardcopy. currently I am reading it for the 3rd time. The book teaches you on how to live a purposeful life

@asemota @morganhousel Going to read this this week. You have recommended a few times now and I enjoyed the psychology of money too. Thank you

I implore everyone to read “The Art of Spending Money” by @morganhousel. There are things about myself I didn't realize until I read it. The gap between what makes you happy and what you have is important. The happiest people don't need more than they already have to be happier.

@olumidecapital I preordered on Audible months before it was released, listened to it, and was compelled to buy the hardcopy and I am reading the hardcopy for the 3rd time

The Art of Spending Money, by Housel, is a personal finance book that challenges the core assumptions we have about wealth and provides psychological tools to help you use money

The true test of character is whether you manage to stand by your values when the deck is stacked against you. If personality is how you respond on a typical day, character is how you show up on a hard day.

Growth requires much more than a mindset, it begins with character skills. Character is often confused with personality, but they are not the same .

The reason to win a game is to be free of it🤔

The real currency of life is attention. Money can't buy time, & time's wasted if you're not present. Focus is key 💡

@morganhousel The most valuable financial asset is not needing to impress anyone. This is an asset on your personal balance sheet that can be more valuable than anything else.

When ur expectations grow faster than your income, u will never be happy with ur money. When u have a complete absence of expectations that things would have or could have been better than they are now. Then u get to enjoy what u have, what you are doing #Theartofspendingmoney

Never focus on what money can do for you without a clear understanding of the cost of acquiring more of it. It’s so much easier to fantasize about achievements while ignoring the stress of the process - rejection, long hours, uncertainty, time. #theartofspendingmoney

If you're feeling unhappy, throwing more money at the problem probably won't fix it. Happiness is complex, and money's just one tiny piece of the puzzle. You can't buy the things that truly make life worth living – like meaningful relationships, good health, a sense of purpose.

You can be financially poor but psychologically rich , this means that when the gap between what you have and what you want is small. Once you see someone master this equation, you will never think about wealth the same and this is the best measure wealth.

All happiness in life is just the gap between expectations and circumstances. The person who has everything but wants even more feels poorer than the person who has little but wants nothing else. @morganhousel

@morganhousel : The more you were snubbed while poor, the more you enjoy displaying your wealth… Robert Quillen

I think true test of intelligence is if you get what you want out of life, and there are two part to that , one is getting what you want so you know how to get it , and the second is wanting the right things, knowing what to want in the first place.

You'd be richer if you were less distracted. A distracted mind is a weak mind.🤔

If you were not conscious of how you build what you are building, how would you explain what you didn’t understand?

Any result you can not repeat, the first one was a mistake

“Read books because you will never be able to meet and spend uninterrupted time with the thoughts of so many brilliant and unique people.” ― Mark Manson