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Introduction and table of contents

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In this Blog I am writing down my knowledge which I am constantly expanding about finances, personal development and psychology. I will share with you various techniques of money saving, money earning and investing. Also the habits that will make your life objectively better, not only financial wise. Consequently using this knowledge in your life will for sure serve you good. I treat this blog also as my private vault of knowledge that I gathered and I am constantky expanding. Please keep in my mind that I am not native English speaker, I am from Poland and the reason why I decided to also translate my original polish blog to English was to reach a wider audience. I hope you can forgive me any language mistake/flaws and that despite them you can focus on the content. Below table of contents: 1) Recommendations Books I recommend that match the Blog theme Polish version of this blog. 2) Personal Finances Financial myths that you should stop believe in. Financial safety pillow - What is i
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Psychology trivia - How our brain works.

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  Here are 10 facts about human psychology that may help you understand a few phenomena: Picture Superiority Effect – People remember information presented in the form of images better than words. Our brain processes images faster and more accurately than text, which is why visual presentations are more effective for memory retention. Dark Triad of Personality – This is a psychological term describing three specific, undesirable personality traits: narcissism, Machiavellianism, and psychopathy. People exhibiting the traits of the dark triad are often manipulative, selfish, and lacking empathy, which can lead to difficult social interactions. Pluralistic Ignorance – This phenomenon occurs when people in a group wrongly assume that others think or feel differently than they do, leading to a lack of action. For example, in emergency situations, people may not intervene because they assume that since no one else is acting, it must not be necessary. Psychogenic Amnesia – This is a form
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Financial Pyramid - What is it and how to avoid it?

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  A financial pyramid, also known as a Ponzi scheme, is a structure of fraud designed to deceive participants by promising high returns on investments. The pyramid operates on the principle that profits for earlier participants are paid from the funds contributed by new recruits rather than actual profits generated by investments. This system is doomed to collapse in the long run because it requires a constant influx of new members to function. How does a financial pyramid work? In a financial pyramid, the main source of income is the money contributed by new participants. The system functions well only as long as the number of new recruits keeps growing. Earlier participants receive payouts from the contributions of new members. When new recruits stop coming, the structure collapses because there are no funds to pay the promised returns. As a result, most people, especially those who join later, lose their investments. Examples of financial pyramids Bernard Madoff and his Ponzi scheme
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Stoicism: A Path to Inner Peace, Resilience, and Living in Harmony

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  In today’s world, where life seems to be moving faster than ever and daily challenges often feel overwhelming, many of us seek ways to find inner peace and balance. One philosophy that can help us achieve this is Stoicism—a school of thought that has stood the test of time and is experiencing a resurgence in modern life. Stoicism, developed in the 3rd century BCE by Zeno of Citium and later continued by thinkers like Seneca, Epictetus, and Marcus Aurelius, offers practical tools that can guide us through everyday life. 1. Inner Peace and Acceptance of Reality One of the central ideas of Stoicism is the acceptance of reality as it is. Stoics believe that our suffering does not stem from the world itself but from our judgments about it. Therefore, it is crucial to learn to distinguish between things we can control and those we cannot. For example, we may not have control over what others think of us, but we can control our reactions to their opinions. This philosophy teaches us not to
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Books I recommend that match the Blog theme

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  Below you will find a list of several books that I have read and consider very valuable. Some open your eyes, others motivate, and still others contain priceless, timeless knowledge. I highly encourage you to get familiar with them. Robert Kiyosaki - Rich Dad, Poor Dad One of the most popular books on finance. Eye-opening and completely changing the way you think about many issues. Among other things, it introduces one of the key principles of wealth-building, which is paying yourself first. It also thoroughly explains the differences between assets and liabilities. In summary, this book should guide your thinking onto the right tracks that lead to wealth. Many successful entrepreneurs declare that this very book pushed them to take action. George S. Clason - The Richest Man in Babylon A classic in financial education, this is a great, easy-to-read book that wraps basic principles of personal finance in the form of a story set in Babylon. Each principle is timeless and truly useful.
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The Seven Levels of Wealth: The Path to Financial Freedom

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  When we hear the word "wealth," we often associate it with vast financial resources, a luxurious lifestyle, and a lack of limitations. However, wealth has many facets, and the journey to achieving it is filled with challenges and stages. We can identify seven levels of wealth that reflect the gradual evolution from financial dependence to complete financial freedom. Let's take a closer look at these levels. 1. Financial Dependence The first level is financial dependence. This is a state where your financial life relies on the support of others or institutions—family, government, loans, or debts. At this stage, you depend on external sources of income because your own financial resources are insufficient to cover basic needs. It's the lowest level of wealth but also a starting point that can serve as motivation for change. 2. Financial Security At this level, you begin to earn stable income that allows you to meet your basic life needs such as housing, food, and tran
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The Benefits of Minimalism: Why Simplifying Your Life is Worth It

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  In today's world, filled with consumerism and constant hustle, minimalism is becoming an increasingly popular lifestyle. Contrary to popular belief, minimalism is not just about getting rid of things, but also a way to achieve greater mental clarity, emotional balance, and freedom. In this article, we present some key benefits of minimalism that might encourage you to consider adopting this life philosophy. 1. More Space and Less Clutter Minimalism teaches us that owning fewer things leads to more order in our environment. Getting rid of excess items allows us to create a space that is cleaner, more organized, and aesthetically pleasing. This, in turn, makes it easier for us to focus on what truly matters. 2. Less Stress and More Peace The fewer possessions we have, the less we have to worry about. Fewer things to clean, repair, or maintain means fewer daily concerns. Minimalism helps reduce stress by giving us a sense of control over our surroundings and time. 3. More Savings an
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Pareto Principle - The 80/20 rule

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  The Pareto Principle, also known as the 80/20 rule, is one of the simplest yet most powerful tools in time and resource management. Developed by Italian economist Vilfredo Pareto at the end of the 19th century, this principle has applications in various aspects of life – from business and economics to personal management and interpersonal relationships. In this blog post, we will explore what the Pareto Principle is, how it can be applied in different areas of life, and the benefits that result from it. The History of the Pareto Principle Vilfredo Pareto observed that 80% of the wealth in Italy was owned by 20% of the population. This observation led to the broader principle that 80% of effects come from 20% of causes. Although initially discovered in the context of economics, it quickly became evident that the 80/20 rule is universal and applicable in many other fields. What is the Pareto Principle? The Pareto Principle states that in many cases, 80% of results come from 20% of effo
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