The Psychology of Money - Morgan Housel

The Psychology of Money

By Morgan Housel

  • Release Date: 2020-09-08
  • Genre: Personal Finance
Score: 4.5
4.5
From 1,773 Ratings

Description

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.

Reviews

  • The perfect book to start the year off with.

    5
    By trey.codes
    Going into 2024, I’ve been focusing more on setting effective financial goals, which include ridding myself of unnecessary debt, living below my means, and saving for the rainiest of days. This book did an amazing job of explaining how someone can take this mindset and amplify it 10 fold. It feels like I’m talking to a financial advisor as I read this book. I highly recommend it!
  • Amazing Book

    5
    By Sompati
    Highly recommend
  • A must read!!!

    5
    By timothyp107
    Great book ! If you are on the path of wealth this one here will keep you going and not feel desperate when one doesn’t see results.
  • Alright

    3
    By 2/2021
    It was ok read.
  • Great Book, Mind Opener.

    5
    By hdgahahajabshavja
    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.
  • One of my favorites!

    4
    By minas3
    Easy to understand plus a great lesson on behavioral finance.
  • Amazing

    5
    By Shawn Samuel
    Greattt read. Woww I’ve learned so much
  • Insightful

    4
    By usjsjdbd
    Great read lots of useful tips and information.
  • Reread several times to cement concepts

    4
    By Don Quilates
    Great book worth the money IMO.
  • Eye opening

    5
    By Lieutenant J
    Every investor should read this book.