20 Lessons From The Psychology Of Money book:

Lesson 1: Our Worldview Is Limited What we experience is just a tiny part of what’s happening worldwide. But it shapes how we see things 80% of the time. This is especially true regarding money because our experiences shape our attitudes and beliefs. If we recognize that our experiences are limited, we can be more open to new ideas and perspectives.

Lesson 2: Luck Vs. Risk. Knowing the difference between luck and risk is essential when making financial decisions. Sometimes, bad luck can mess up a good decision, and sometimes, good luck can make a wrong decision look good. Understanding the difference between luck and risk can help you make better decisions and avoid unnecessary risks.

Lesson 3: Knowing When Enough Is Enough. Most of us have enough to live on, but we always want more. We should recognize when we have enough and be content with it.

Lesson 4: Don’t Risk What’s Important. Things like our reputation, freedom, family, friends, and happiness are never worth risking.

Lesson 5: The Magic Of Compound Interest. Compound interest can be a powerful tool when used correctly. You can create wealth by putting money into low-cost index funds over time.

Lesson 6: Plan For The Worst. Having emergency funds and planning for the worst is essential. Setting aside six months to a year’s living expenses can help weather any storm.

Lesson 7: Take Control Of Your Finances Taking control of your finances, you are in charge of your financial destiny. You should do what’s right for you, even if everyone else does something different.

Lesson 8: Freedom Is Key. Building freedom in your life is essential. Even if you love your job, you should focus on building freedom because things can change quickly.

Lesson 9: Nobody Cares About Your Stuff. We often think material things will impress others, but no one cares. It’s liberating to realize that we don’t need to impress anyone.

Lesson 10: Be Wealthy, Not Flashy True wealth is measured by freedom, not how much money you spend. You should focus on building wealth to live life on your terms.

Lesson 11: The Importance Of Time Time is one of the most valuable things we have. The earlier we start saving and investing, the more time we have to grow our wealth.

Lesson 12: Understand Your Biases We all have biases that can affect our financial decisions. Recognizing these biases and working to overcome them can help us make better choices.

Lesson 13: Money Is A Means To An End Money is just a tool to help us achieve our goals. It’s not the end goal in itself. Focus on what you want and use the money to get there.

Lesson 14: It’s Not About Timing The Market Trying to predict the market is a losing game. Instead, focus on profitable long-term investment strategies and avoid getting caught up emotionally in short-term market fluctuations.

Lesson 15: Don’t Follow The Herd Just because everyone else is doing something doesn’t mean it’s right for you. Avoid the herd mentality and make financial decisions based on your goals and values.

Lesson 16: The Value Of Simplicity Simple financial strategies are often the most effective. Avoid overly complicated investments or strategies that are difficult to understand.

Lesson 17: Make Peace With Risk Risk is a natural part of investing. Instead of avoiding it, learn to manage and accept it. Don’t let fear of risk prevent you from achieving your financial goals.

Lesson 18: Invest In Yourself Investing in yourself, whether it’s through education, personal development, or health, is one of the best investments you can make.

Lesson 19: Learn From Mistakes We all make mistakes, but the key is to learn from them. Analyze your financial mistakes and use them as a learning opportunity to make better decisions in the future.

Lesson 20: Stay Humble No matter how successful you become, always stay humble. Be grateful for what you have; remember, there’s always more to learn.

#money #airdrop #Binance #crypto2023 #BTC

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The European Central Bank dismisses #Bitcoin as a "speculative asset" and reaffirms its commitment to the development of a Digital Euro (#CBDC ). ECB Executive Director Isabel Schnabel emphasizes the differences and outlines the cautious approach towards #Cryptoassets

💬 ECB's Stance: Schnabel, speaking through the ECB X account, clarifies that the #centralbank has no plans to purchase $BTC , categorizing it as a speculative asset that lacks the characteristics of money. The ECB remains focused on its exploration of a digital euro
Digital Euro Development: Schnabel underscores the ECB's commitment to the digital euro, aiming for a fast, easy, and secure instrument for daily payments. The ECB sees this digital currency coexisting with physical #money , not replacing it, in efforts to adapt to an evolving financial landscape
🔍 Lack of Intrinsic Value: The ECB cites concerns over crypto-assets, emphasizing their perceived lack of intrinsic economic value, high volatility, and speculative nature. Schnabel notes that Bitcoin's market valuation is driven purely by speculation
🚫 Bitcoin Rejection: Schnabel explicitly states, "The ECB is very unlikely ever to buy BTC reinforcing the central bank's stance on steering clear of the leading cryptocurrency. The ECB's strategic vision aligns with a regulated and controlled digital euro
🚀 Digital Euro Benefits: The ECB aims to launch the digital euro in 2026, under strict regulatory supervision. Schnabel highlights its potential as a widely accepted, secure, and privacy-respecting payment option. The digital euro is positioned to coexist with traditional cash
🤨 Privacy Concerns Addressed: Schnabel dismisses concerns about personal privacy related to the digital euro, asserting that it would offer an additional, ECB-backed payment option while meeting the highest privacy standards, akin to physical cash
In summary, the ECB's cautious approach to Bitcoin aligns with its strategic focus on developing a regulated and controlled digital euro. The central bank aims to address evolving financial needs while maintaining privacy standards and steering clear of speculative assets

In recent years, earning a livelihood online has become both common and profitable. Numerous applications have been created to assist people in earning money online as a result of the development of technology and the internet.

Photo by William Hook on Unsplash

Foap

A well-known program called Foap lets you sell your pictures online. To offer your photos to people and companies who need stock photos for their projects, all you have to do is submit them to the Foap website. If they are accepted, you can then do business with them. If you sell 20 photos a day through the app, you can earn $100+. The program gives you $5–$10 for each photo sold. It is advised that you submit premium photos that are distinctive and appealing to buyers in order to improve your possibilities of making sales.

Photo by Ivan Shimko on Unsplash

Dosh

Dosh is a cashback software that gives you incentives for your regular purchases. Up to 10% cashback is available when you make orders from authorized merchants. Additionally, you can get paid for referring peers to the program. You can earn $100 per day by referring 20 individuals to Dosh, which gives you $5 for each referral.

TaskRabbit

A website called TaskRabbit links people who need assistance with duties with people who can complete those tasks. You can join TaskRabbit and start making money if you have talents in housekeeping, handyman work, or even administrative chores. You get paid by the app for each job you accomplish, and the payment amounts vary. You can earn $100 per day if you finish 4–5 jobs. It is advised that you have a strong profile and favorable evaluations to improve your odds of landing a job.

Photo by Cytonn Photography on Unsplash

Upwork

Upwork is a freelance marketplace that links companies and people with independent contractors who can offer a variety of services, including writing, web design, computing, and more. If you are skilled in any of these fields, you can join up for Upwork and begin submitting bids on tasks. You receive payment from the site for each project you finish; the payment sum changes based on the project. You can earn $100 per day by finishing one or two tasks. It is advised that you have a strong profile, favorable evaluations, and bid on tasks that fit your qualifications in order to increase your earnings. With Upwork, you can develop a portfolio, earn money, and acquire useful expertise in a variety of fields.

Photo by airfocus on Unsplash

Rakuten

A cashback program called Rakuten gives you incentives for your online transactions. You can get up to 40% cashback on your purchases when you use the Rakuten app to buy at affiliated stores. Additionally, you can get paid for referring peers to the program. You can earn $100 per day by referring 4 friends to Rakuten, which gives you $25 for each recommendation. With Rakuten, you can buy online and make money while saving money on your purchases.

Photo by Malvestida on Unsplash

Swagbucks

With the help of the rewards and cashback app Swagbucks, you can gain points for carrying out different activities like finishing surveys, viewing videos, playing games, and doing online purchasing. For purchases made through the Swagbucks app at authorized stores, the app also provides cashback. You can easily make $100 per day if you finish enough tasks and collect enough Swagbucks. With Swagbucks, you can monetize your everyday activities and make money in your spare time.

Photo by Alexander Mils on Unsplash

Thanks For Reading🙂

DO THE HARD WORK!

#dyor #money

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Users must [complete account verification](https://www.binance.com/en/support/faq/360027287111) to successfully participate in the promotions. To access the new Binance Earn promotions released until the upcoming Bitcoin Halving, please click [here](https://www.binance.com/en/events/bitcoin-halving). Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards.Binance reserves the right to disqualify any participants showing signs of fraudulent behavior immediately.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these promotion terms without prior notice, including but not limited to canceling, extending, terminating or suspending these promotions, its eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all users shall be bound by these amendments.Additional promotion terms and conditions can be accessed [here](https://www.binance.com/en/pp-terms).Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
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