The Psychology of Money
Timeless lessons on wealth, greed, and happiness
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4.5 • 2.4K Ratings
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- $15.99
Publisher Description
Over 8 million copies sold around the world. The original book from Morgan Housel, the New York Times bestselling author of Same As Ever.
Doing well with money isn't necessarily about what you know. It's about how you behave. And behavior is hard to teach, even to really smart people.
Money – investing, personal finance, and business decisions – is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don't make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together.
In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life's most important topics.
Customer Reviews
Great Book, Mind Opener.
Great book so many gems were dropped. My two favorite ones were “Everyone’s life is a continuous chain of surprises” and “Save. Just Save. You don’t need a specific reason to save. Eventually we all experience an huge expense that we didn’t plan for simply because we never expected it.” Another great takeaway was that you don’t need a job that pays more you need a plan that saves more.
A Book That Changes My Thoughts on Finances
This book has transformed my perspective on how people perceive and manage money. It has taught me that wealth isn’t about ostentatious displays of success, but rather about gaining control, freedom, and the autonomy to live life on my own terms. True independence lies in the ability to make decisions that align with my desires, schedule, and the company I keep. It’s not solely about investing strategies; it’s about cultivating a mindset that shapes financial choices and ultimately contributes to building a fulfilling and resilient lifestyle.
A trip to how the economy works
The author mentions many facts to base his arguments.
This book allows us to understand different aspects of our economic lives.