The theme this week on the Retirement Quick Tips Podcast is mid-year commentary & outlook. 

I’m currently reading a book called The Psychology of Money: Timeless Lessons on Wealth, Greed and Happiness by Morgan Housel.  It’s an excellent book, and even though I haven’t finished it yet, I would easily put this in my top 5 books on money that I’ve ever read, and I highly recommend it. At some point, I’ll probably devote an entire weekly theme on the podcast to the lessons in the book, but while preparing to record this week’s podcast, I happened to be reading chapter 15, titled: Nothing’s Free, which was quite timely in light of this week’s theme. 

In this chapter, Housel describes the price of investing, which is volatility, and how important it is to accept this cost to be successful over the long-term. 

Here’s what Housel has to say: [excerpt from book]

That’s it for today. Thanks for listening! My name is Ashley Micciche and this is the Retirement Quick Tips podcast. 

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance