School

Psychology of Wealth

Summary: Money is your servant

UNIT 1: Core Beliefs About Money

Money Is Emotional, Not Logical

  • People don’t make financial decisions based on spreadsheets, they use fear, status, insecurity, or desire.
  • What seems irrational to one person may make perfect sense in another’s world.

Wealth is What You Don’t See

  • Rich is flashy. Wealth is invisible. It’s the money you don’t spend.
  • True financial success is quiet, built on restraint.

Behavior > Intelligence

  • You don’t need genius. You need patience, humility, and control over impulses.
  • Saving consistently beats timing the market.

UNIT 2: Habits of the Wealthy

Clarity is Power

  • Wealthy people have a clear why for their goals.
  • They write things down, review them, and take small consistent action daily.

Focus Beats Hustle

  • Millionaires don’t chase a thousand things—they zero in on what moves the needle.
  • Say no often. Ruthlessly cut distractions.

Habits > Hacks

  • Morning routines, goal setting, tracking progress—boring but effective.
  • Identity drives behavior. Think like a wealthy person, act accordingly.

UNIT 3: Timeless Rules

Start Thy Purse to Fattening

  • Save at least 10% of all you earn. Always pay yourself first.

Control Thy Expenditures

  • Expenses grow to match income unless you’re deliberate. Distinguish wants from needs.

Make Thy Gold Multiply

  • Invest savings in things that grow. Don’t let money sit idle.

Guard Thy Treasures from Loss

  • Seek safety over high return. Don’t gamble on “too good to be true.”

Make of Thyself a Profitable Investment

  • Invest in your skills, character, and knowledge, can’t be stolen.

UNIT 4:Mental Money Traps

Lifestyle Inflation

  • More income ≠ more happiness. The more you spend, the more you need.
  • Rich people stay rich by acting broke.

Comparison Kills Satisfaction

  • You’ll always lose if you measure yourself against others.
  • Define your version of enough—and stick to it.

The Illusion of Control

  • Markets, economies, and luck play roles. Control your reaction, not the outcome.
  • Build margin of safety: save like a pessimist, invest like an optimist.

UNIT 5: Practical Wealth Psychology

Think Long-Term

  • Most financial success is the result of patience.
  • Time + consistency > intensity + noise.

Money is a Tool, Not a Goal

  • Use it to buy time, freedom, and peace of mind, not status or validation.
  • If money isn’t serving you, you’re serving it.

Small Wins Compound

  • Saving $5 daily sounds weak—until it becomes a down payment, then passive income.
  • Compound interest works on money, habits, and confidence.

UNIT 6: What Really Builds Wealth

Earn More, Then Scale Back

  • Get income up. Then keep your lifestyle flat to increase the gap.
  • Invest the gap into skills, assets, and ideas—not liabilities.

Avoid Stupid

  • The #1 rule is don’t blow it. Avoid debt traps, financial schemes, and ego-driven risk.
  • Boring is profitable. Flashy is fragile.

Play Your Game

  • Personal finance is personal. What works for someone else may wreck you.
  • Stay in your lane. Define success on your own terms.