The Psychology of Money by Morgan HouselDefault Title (2024)

The Psychology of Money by Morgan HouselDefault Title (1)

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SKU 9780857197689 ISBN: 9780857197689

by Harriman House Publishing

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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.; 256 pages; Published: 08/09/2020

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The Psychology of Money by Morgan HouselDefault Title (2024)

FAQs

What is the title of The Psychology of Money? ›

The Psychology of Money: Timeless lessons on wealth, greed, and happiness: Housel, Morgan: 9780857197689: Amazon.com: Books.

What is the main point of The Psychology of Money? ›

It provides valuable insights into the psychology of long-term investments and the very real human factors influencing investment decisions and money management approaches. The book reveals the connection between money, emotions, biases, and uncertain long-term strategies.

What is the conclusion of The Psychology of Money book? ›

In conclusion, “The Psychology of Money” is an enlightening and thought-provoking book that delves into the human aspects of finance. It offers valuable lessons on understanding and improving one's financial behavior, making it a must-read for anyone seeking to enhance their financial well-being and mindset.

Is psychology of money easy to read? ›

It's an easy-to-understand book for anyone interested in money. Real Stories: What makes this book special is how Housel tells stories. He explains complex money ideas using real-life tales.

What is the introduction of The Psychology of Money by Morgan Housel? ›

Morgan Housel's 'The Psychology of Money' forces you to take another look at personal finance, investing, and business success through the lens of psychology and behaviour. Generally, all these fields of study have their roots in math, data, and calculations.

What is the name of the first chapter of psychology of money? ›

1 - No One's Crazy

“We all think we know how the world works, but we've all experienced only a tiny fraction of it.”

What is the philosophy of money by Morgan Housel? ›

Getting money requires taking risks, being optimistic, and putting yourself out there. But keeping money requires the opposite of taking risk. It requires humility, and fear that what you've made can be taken away from you just as fast.

What is The Psychology of Money Morgan Russell? ›

"The Psychology of Money" by Morgan Housel is a profound exploration of how our perceptions and behaviors around money shape our financial decisions and outcomes. The book emphasizes that understanding the psychology of money is more crucial than understanding the technicalities of finance.

Why should I read psychology of money? ›

The Psychology of Money by Morgan Housel is a fascinating book that delves into the complex relationship between people and money. Housel explores various aspects of money, including its history, how it affects our lives, and how we can develop a healthier relationship with it.

Who is the janitor in The Psychology of Money? ›

Ronald Read – janitor and philanthropist

Without formal “financial education”, Ronald did the smart and basic things well. He put his money in large growth-cap stocks and didn't touch them. This is better than what most of us do.

What happened in chapter 17 of The Psychology of Money? ›

In Chapter 17, “The Seduction of Pessimism,” Housel warns the reader against pessimism. He notes that in spite of various financial depressions and recessions, the stock market has increased 17,000-fold in the last century.

What happens in Chapter 4 of The Psychology of Money? ›

In Chapter 4, Housel explains that the longer you invest, the more money you make because returns compound—that is, they build on previous returns to make ever-increasing returns. Housel recommends that you take advantage of compounding by finding investments that return solid, consistent results over time.

How many pages are in The Psychology of Money? ›

Product Details
ISBN-13:9781804090114
Publisher:Harriman House
Publication date:09/13/2022
Edition description:B&N Exclusive Edition
Pages:256
2 more rows

Do millionaires read a lot? ›

Becoming rich isn't about luck, it's a lot of hard work and there's one thing these millionaires all have in common - they're avid readers. On average, a millionaire reads 4 books a month which totals to an average of 52 books a year, helping them grow and build their empire.

What is a money psychologist? ›

Wealth psychologists are also called money psychologists or wealth counselors. Wealth psychologists help their ultra-rich clients deal with issues such as the guilt they feel about being wealthy, or advise on inheritance issues and counsel parents on how to raise children who are not spoiled by money.

What is the genre of The Psychology of Money? ›

What is wealth in psychology? ›

Published May 23, 2023. Wealth psychology refers to how individuals think, feel, and behave regarding wealth and financial success. It includes the psychological factors influencing our attitudes towards money.

What is the psychological attachment to money? ›

Other people may have emotional attachments to their money due to growing up in poverty, a previous job loss, or something else. Dr. Thomas says the best way to combat emotional attachments is to address them head on. We can do it with a professional but a friend willing to listen can also help.

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