The Psychology of Money

Timeless Lessons on Wealth, Greed, and Happiness

By: Morgan Housel

Narrated by: Chris Hill

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.

©2020 Harriman House (P)2020 Harriman House

Thought provoking book about habits about money.

I got this book on audible and listened to the whole thing in one day. This book is a different approach to money. It really is extremely thought provoking. I particularly enjoyed Never enough chapter. This book is written in such away that you are getting stories to help understand the examples in the book.

I really enjoyed the content in this book and recommend reading.

Must read for everyone!

Current, timeless and Insightful! I just happened to stumble across the author on Twitter and I’m very glad I did. I now follow and read many of his articles but this book is a must read for all. I have already shared it with all my family and friends including my son studying financial engineering at Cornell. This is the type of book you should earmark to read over again, anytime you need to make a large financial decision. Bravo!

Got really political in the end.

At the very end of the book he got really political with his views. Definitely extremely liberal.

Could have done without the cursing.

The information was good, but the author cheapens it but throwing unnecessary cursing. In fact I was going to purchase copies to give my newer clients, but now will not because of that fact.

good book

I really enjoyed this book the main takeaways are that
* We don't need a reason to save because life is unpredictable
* You should always have a plan untop of a plan because there is no guarantees in life
*A good financial plan is one that is realistic and leaves room for error, as error is inevitable
If you have 90 percent of success the next 10 percent will happen atleast onces or twice in your decision making.
*Some situations that happen to us we are unable to see ever happening which is why it's good to save for no reason because you can't plan for something that has never happened let along happened to you.
*Find out what you want and what's best for you because it is impossible to adapt someone else's strategies to the t and expect it to work just the same.
*Keep your cost of living lower that what you earn and save the remaining.
* Greed is more costly than the price we pay for the things we need.