Decisions In Finances Are Not Free

Everything has a price, the thing is that it’s not obvious until you have to pay

• In investments there a multitude of tariffs
  • The fee isn't immediately obvious, so when it arrives it feels like a fine
  • Thinking of the entry fee as a fine stops you from accessing the profits that come with it

When people seek to avoid paying the price for success of an investment, it will have to be paid in the future

• You cannot cheat the game
  • Eg: Accounting manipulation only solves issues on paper, reality will hit hard later

LOK: 4. Management
RL: Psychology of money
IDEAS: Personal finance