5 Years ago, I opened the first page of The Psychology of Money 5 Years later, I've overhauled my finances: • Paid off £153K of debt • Grown my net worth by >£900K These are the 10 key takeaways from the book that will change your life

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“if you risk something that is important to you for something that is unimportant to you, it does just not make any sense" - Warren Buffet Greed is silent, but very real Most people only realize they were greedy after the damage has been done Have a sense of 'enough'

10. Have a sense of enough The trick with financial success is to not move the goalposts too much The taste of having “more” (money or power) can be dangerous when ambition increases faster than satisfaction One step forward can push the goalpost two steps ahead...

Whether that's being ready for life-changing investment opportunities that may arise Or, being ready for economic downturns Savings will save you from having to sell your valued investments Savings are the one aspect of finance you have 100% control over So, save!

9. Save Money First, you need an emergency fund to survive life's ability to scare the hell out of you at the worst possible moment. The more you have, the more independent you become, the more control you gain over your future. Savings means you're always ready...

This is why my planning & budgeting tools promote monthly set-ups and weekly check-ins To provide an accurate reflection of your current circumstances and finances Financial planning needs to be as fluid as your life is

Both are decisions that may lead to regret You need to find balance. Don’t make your future self a prisoner to your past decisions Avoid the extreme ends of the financial spectrum

8. You’ll Change We change, and so do our desires This makes financial planning challenging Some may work tirelessly for money to ensure a comfortable and early retirement whilst others enjoy each day and take it easy at the expense of not having comfort in retirement

Now I'm helping others do the same And on average, they're: • Saving an extra £20K+ per year • Cutting $23k of interest off their debts • Set to retire 15+ years early on their passive income

It's about having the freedom to do: What you want When you want With whom you want For as long as you want to do it Using the principles and tools I provide in The Financial Freedom Academy, I've escaped my 9-5 at the age of 32...

7. Controlling your time is the highest dividend money pays Financial freedom doesn’t mean you need $Millions It also doesn’t mean you’ll never work again It means your financial status now affords you the flexibility to spend your time working on the things you love...

I put these principles front & center in The Financial Freedom Academy I work 1-on-1 with my students to produce a financial plan that helps them save & invest more, and achieve financial freedom in a way that fits their personal psychology & circumstances DM me 'IN' to apply

That's where our personal psychology steps in Both the rational & irrational You need to find the balance There's no one-size-fits-all There’s only what works for you & your family You have to find what works for you in a way that helps you sleep well at night

6. There’s no universal truth with finance, you have to find what works for YOU That's why it's called 'Personal' Finance It's easy to look purely at the maths in a spreadsheet telling you to save more and spend less Actually doing it is a different thing altogether...

Many attribute Warren Buffett's wealth to his stock-picking capabilities But his real secret is Time Patience is the silent millionaire-maker. Increasing your time horizon could be the most powerful decision you make if you want to do better as an investor

5. You don’t need tremendous force to create tremendous results Compounding is the 8th wonder of the world for a reason. A little growth can serve as the fuel for future, bigger growth that leads to super extraordinary results

4. Getting wealthy is one thing, staying wealthy is the hard part - To get money, you have to take risks, be optimistic & put yourself out there. There are a million ways to do it - To keep money you need to be ready to put up with a combination of frugality and paranoia

It's not about whether you were right or wrong with your financial decision or investment What's far more important is how much money you made when you got it right vs how much you lost when you got it wrong Your losses will only define your journey if that's where you quit

3. Tails are the ultimate drivers We underestimate how normal it is for a lot of things to fail Particularly as investors No matter how rough the markets can get, you should be comfortable with things not always working out as you'd hoped...

The world is filled with people who look modest but are actually millionaires And people who look rich but are on the brink of bankruptcy No matter how much you earn, you will not build wealth unless your income is significantly more than your outgoings