The Behavior Gap
Simple Ways to Stop Doing Dumb Things with Money
by:
Carl Richards
in:
Personal Finance
Summary:
The book explores the psychological traps and emotional responses that lead to poor financial decisions, offering practical advice on how to avoid common mistakes and align money habits with personal values. It emphasizes the importance of simple, focused financial planning and the discipline to stick to a strategy over time.
Key points:
1. Behavior Gap: The book discusses the "behavior gap" - the difference between ideal and actual financial actions, which often leads to poor decisions.
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