Money is “made” on psychology. They are made by our head, and not by our hands. In the same way they are lost - because of the “cockroaches” in our head. That is why money has received a well-deserved reputation as a “Great Teacher”. Nothing else has such a strong impact on us as losing or not having money. More on this below. 1) Money is “made” on psychology. Judge for yourself - financial markets move in response to investor sentiment. It is people who buy “assets” or sell them. And not robots and AI algorithms. It is investors who “rock the boat” with their emotions, creating huge “waves” of high volatility. And they themselves drown in these “waves.”2) Or another example - from our everyday life. Each of us knows that we need to “save money.” At least 10% of every salary received. We know this very well, but we do exactly the opposite - we take out loans and pay interest to the bank every month for using their money. Instead of receiving interest on the investments we make.* This is entirely our fault our psychology, and not at all a greedy banker. After all, it was we who took the money from him. He did not force us to do this. 3) Tame your mind. And then your common sense will win/pacify your emotions. This is exactly what the theory says. But in practice, everything happens the other way around. We do not want to listen to the voice of reason and constantly indulge our emotions. Which push us to another financial adventure. Leaving us with empty pockets and debts.4) You will be “seduced” by bad investments. At the same time, it doesn’t matter how smart you are. You will still be seduced by “quick money”, “instant riches”, the opportunity to “make a million” from 1 ruble. Following your emotions, you will invest in a “promising start-up”. Which will soon burn to smithereens. Or buy shares of a company with the potential of the next Tesla. Which turns out to be, not by the night mentioned, Kiwi.5) Another paradox - you will never have “enough money”. Even the largest amount of money will not be enough for you. Exactly until you make a fundamental decision - how much money will you be “enough”?* I hope you know this figure? Additionally: Read my other article “Where NOT to invest your money? TOP 3 most dangerous places for your money." I will be grateful for your likes and reposts of this article. Author of the article - Alexander Evstegneev, personal finance expert, author of 20 books on financial literacy, investor with 25 years of experience, laureate of the Russian Ministry of Finance Prize for the best media project on financial literacy