It's been a long time since I wrote a book review. During that time, I still read books normally, but I just forgot the habit of reviewing books ^^
I read this book during Hanoi's social distancing period. In times of economic recession, investment channels are on fire like now, many of you will probably encounter difficulties, stress, and even negativity. Stop for a moment, relax and read this book, I believe it will help you a lot.
The book is written by Morgan Housel. He is a partner of The Collaborative fund, a financial expert, and a former financial columnist for The Motley Fool and The Wall Street Journal.
What I like about this book is that it is quite thin and concise so it is easy to read instead of thick financial books that make readers bored after just reading a few pages.
The beauty of the book is that the author's shares will be combined with different stories, not the dry formulas and words of the financial industry. This makes it suitable for everyone.
I entered the financial market probably about 6 or 7 years ago. Participating in many different markets, there are also struggling, difficult, stressful times like many of you are experiencing in the second half of 2022 when all the markets are red, losing money to the market, depressed. , blame yourself,…
Along with listening to a lot of stories shared by people from comments on YouTube and emails to me, I think what causes all of us to have financial and investment problems is due to our financial management skills. It is the individual who is weak, this will lead to difficulty in controlling psychology, FOMO, impatience,... but factors such as technical analysis, fundamental analysis, this bet, that bet,... are actually not equally important.
I compare personal financial management and understanding the true nature of money to the foundation and frame of a house. If the frame is weak, no matter how shiny and beautiful the house you build to outsiders, it can collapse at any time. That is internal strength, if you have it you can build and decorate the house any way you want.
To improve this skill we need to look honestly at ourselves, don't think that you graduated in finance, have a high education, or work in a bank or financial institution because this is not taught. at school. So no matter what job you do, how much you earn per month, or what your education level is, read this book with an open mind to learn, I think it will be very effective.
When reading the book, it will help you understand the true nature of money, understand why the concept of money in each generation and each family is different and affects you so that we can change. change.
This is a personal finance book that I especially recommend to everyone, because it is practical, easy to read, and necessary if you want a better financial future.
I always see people complaining about financial difficulties, about making money, about their boss, about their day-to-day work but don't do anything to change, just to see them again 2 or 3 years later are still the same words. lament that.
A few years of a person's life is not too long, but if you do nothing to improve those few years, life will remain the same. Take a small step forward by reading this book, whether you want to invest or not.
Finally, after reading the book, how do you feel? Remember to come back and comment to share with me and everyone! See you in the next books…