The Psychology of Money - Morgan Housel

The Psychology of Money

By Morgan Housel

  • Release Date: 2020-09-08
  • Genre: Personal Finance
4.5 Score: 4.5 (From 808 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

  • Such an easy read

    5
    By Michaeltheboss1
    I was looking for a financial guidance book when I stumbled upon this gem. I am a business major who studies finance quite a bit. The author takes complicated topics to understand and the importance behind them in your life and explains it in such an easy to comprehend story style. Every principle learned in this book is taught through stories and personal testimonies of some of the most successful financial role models in the world. I found myself unable to put the book down because I was so excited to hear how the author would explain the next topic. The author makes the next chapter so enticing like a tv show where you just can’t wait for the next episode to come out so you can watch it. So many people ask the questions, “why why why?” About everything. This books explains the why to every single topic so there is no question left over. Amazing book. Highly recommend you take the time to read it, you won’t regret it!
  • Great book

    5
    By Bhupendrasinh Thakre
    Morgan has said a lot of things and all seems true. At least for now. And for foreseeable future.
  • Pochi

    5
    By jayufs578
    What a great book teaching about the different perspectives we all have when it comes to making decision about finances.
  • MSK

    5
    By فرج يارب وافرحها من عندك
    ابي وانت رابي خلقتني وانت اعلم بحالي فيسر امري وارح بالي ولاتجعلني في الدنيا بلا حياة وانت ادرا بحالي من كان يحميني ومن كان يوفقني ومن كان يبعدني عن الضرر اللهم امين يارب العالمين اللهم احفظ لي امي من كل سوء يا ربي اللهم امين يارب يارب العالمين و ارحم الراحمين من الذي لم ولن يكون في قلبي يارب
  • Fantastic

    5
    By chasincars
    Unlike every other get rich quick book, I absolutely loved understanding the psychological aspect behind saving and growing your money! Highly recommend this book to everyone regardless of stage in life.
  • Great read

    4
    By MoneyMikeyy
    An easy read very well explained and kept me motivated thru most of it
  • Financial Health Tips

    4
    By Dr. Strangelove!
    The Psychology of Money offers common insights on how to manage and conceptualize money. There is value here, as it positively altered my perspective on personal monetary policies. To be concise: this is a light, ease read but worthwhile nonetheless. Think of it as a collection of pithy financial health tips. If you’re looking for theory or algorithms, this is not that book.
  • This book was amazing

    5
    By Blink1965
    I absolutely love his deep and comprehensive view of economics as it would relate to our behavior and psychology
  • Great read

    5
    By gham25
    I really enjoyed this book. Definitely gave me a new perspective on how myself and others think about money.
  • Great breakdown on Money

    5
    By Acelucky
    Love the stories that explain the meaning by some of the financial issues that goes on in our society.

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