Reading 2022-02-07

Metadata

Notes from reading

This inspirational clip visualize how an average person can achieve a financial freedom, without much efforts, just discipline is enough. This situation can only work if you have belief that future will be better than now.

stages-of-personal-finance

Off topic, two next visuals illustrate the Dunning-Kruger Effect, which explain a cognitive bias, or a situation when

  • unskilled people overestimate their competence and
  • skilled people underestimate their abilities relative to the abilities of others (an overly positive assessment of the skills of others)

dunning-kruger-effect-1

dunning-kruger-effect-2