Why is personal finance dependent upon your behavior? (4 points explained)

I’ll be explaining why is personal finance dependent upon your behavior?

Why is personal finance dependent upon your behavior?

Most people try to chase the trend of what’s performing well, financially speaking. What should be understood is that you’re the manger of your own financial resources. You’ll be fighting the fear of loss in terms of performing well with your finances. A good rule of thumb is to use the 80/20 principle when trying to understand good financial habits.

80/20 rule

Fear of loss

You’re the manager of your resources

Chasing trends

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