The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness

Title: The Psychology of Money

Author: Morgan Housel

Paperback: 300 pages

Publisher: Harriman House

Publishing date: September 8, 2020

Average customer review:  4.14 out of 5 stars

Who is this book for?

Readers interested in learning the psychology behind life’s financial choices and how to better manage their money.

What’s inside this book?

  • Engaging short stories exploring the strange ways people think about money and teaching readers how to better understand the logic behind personal money management
  • Complex financial concepts broken into easy-to-understand narrative

Lessons you’ll learn from this book: 

  • Why managing money successfully isn’t about what you know; it’s about how you behave
  • How to reframe your perspective for making better money decisions
  • How an individual’s personal history, ego, pride and unique view of the world influences their financial reality
  • Why financial knowledge does not guarantee better financial choices
  • How to build and strengthen tools for improving the way you handle money

What people are saying about this book: 

  • “Morgan Housel is that rare writer who can translate complex concepts into gripping, easy-to-digest narrative. The Psychology of Money is a fast-paced, engaging read that will leave you with both the knowledge to understand why we make bad financial decisions and the tools to make better ones.”— Annie Duke
  • The Psychology of Money is an essential read for anyone who wants to make wiser decisions or live a richer life.”— Daniel H. Pink
  • “Housel’s observations often hit the daily double: they say things that haven’t been said before, and they make sense.”— Howard Marks

Your Turn: What do you think about  Housel’s theory ofmoney decisions being unrelated to knowledge?  Share your opinion in the comments.

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