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!

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.

Basic - plain vanilla but interesting for every day folk

Nothing revolutionary here for anyone that is remotely familiar with finance but good for those who want an understanding of why so many people make poor money decisions

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.

Some good ideas

I had a few aha moments. Explains the real reason to save, which is NOT so that you can buy something. I enjoyed the chronology of how we got to where we are as a country.

One of the most important books you could read.

It is just deep enough to get you thinking and broad enough to make you curious. This will make you self reflect.

Loved it!

This book contains brilliant stories, useful advice, and lessons about how to have a reasonable and healthy relationship with money. It is excellent. 5 stars!

A True Outlook on the Psycology of Money

Money shapes our lives, and this book wisely and methodically deconstructs the latter using the former

Excellent

Listening to this book made me think a little differently about money and its value. Some reviews state they don't see the psychology aspect to it but it is all about the psychology- how we think about it, the value we assign to it, and societal forces that influence all of the above. This is a bit more academic than a basic "how-to" manual. The history lessons throughout resonated with me, as someone that is interested in history and how it shapes our views and behaviors. In the current economic climate, we all have to reflect on what we value more than ever. Recommended reading! *Loved the postscript chapter, possibly my favorite section.