The psychology of money and things

I read an article about pandemic purchases people had made, contrasting those that gave lasting value with those that are now gathering dust. Exercise bikes featured in both camps, highlighting that there isn’t a universal perfect product fit.

Improvements to the home, sometimes the very same improvements, were rated differently according to their financial impact. I was reminded of one of my favourite reads, ‘The Psychology of Money’ by Morgan Housel which highlights how different circumstances and background preclude universal agreement on the best spending and saving habits.

We’re all different, which isn’t a surprising statement. And yet we regularly compare ourselves to others without consciously considering those differences.

Your life is unique – treat it as such.

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