Welcome to the Season 2 Finale episode of Nitch Radio. It’s fair to say 2020 has been a year like no other for the world. The year brought significant challenges to everyone. But among all the challenges there have also been many things worth celebrating. For me, it was also a time for growth, learning, and restructuring.
With a title like “The Psychology of Money,” you might expect the material within to be dense and heavy. However, the book is extremely approachable and digestible.
If you really care about growing your net worth, investing and making important decisions in your life (why wouldn’t you?), I really recommend this book. It will transform what you think about money and life. Below are a few big ideas from the book. Enjoy!
Go out of your way to find humility when things are going right and forgiveness/compassion when they go wrong. Because it’s never as good or as bad as it looks. The world is big and complex. Luck and risk are both real and hard to identify. Do so when judging both yourself and others.
Less ego, more wealth. Saving money is the gap between your ego and your income, and wealth is what you don’t see. So wealth is created by suppressing what you could buy today in order to have more stuff or more options in the future. No matter how much you earn, you will never build wealth unless you can put a lid on how much fun you can have with your money right now, today.
Excerpt From: Morgan Housel. “The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness.”
This is a book about creating lasting organizational change and one that every leader should read.
The 4 Disciplines—Focus on the Wildly Important; Act on Lead Measures; Keep a Compelling Scoreboard; & Create a Cadence of Accountability.
This book does an excellent job of breaking down the differences between the “whirlwind” of urgent activity required to keep things running day-to-day and all the time/energy you need to invest in executing your strategy for tomorrow.
Ideas are the currency of the twenty-first century. In order to succeed, you need to be able to sell your ideas persuasively. From what I’ve observed, this ability is the single greatest skill that will help you accomplish your dreams.
At the beginning of 2020, I set new intentions to develop and drastically improve my public speaking skills. Talk Like TED is one of the books I’m reading to better understand what makes outstanding public speakers. I also joined a local Toastmasters group and plan to deliver (10) prepared public speeches. I recommend this book for those also looking to improve their public speaking & leadership skills.