The Psychology of Money

I recommend following up this book withe Ascent of Money by Niall Ferguson, as it will add more perspective and build on core topics discussed by Morgan Housel.

I love this book mainly because it delves into some of the simplest reasons people invest. Strategies vary due to different factors most of which are surprisingly emotional and may even appear irrational. I like books that challenges established beliefs and forces the reader to consider a new way of thinking. Above all, the goal of investment is freedom to do whatever you like, whenever. Too many people are tethered to crushing debt which makes this simple goal almost impossible. Most readers will identify with at least one character in the book and this makes it very relatable. I highly recommend this book at anytime in an investment journey because it will compel the reader to ask themselves critical questions. The answers will put them on a path to making decisions that allows them to sleep well at night, whiles making decent returns of course.

In many ways, I wish my son will turn out like Morgan Housel, but he misses one very important point in the book, that of immigrants. A brilliant and intellectually stimulating thinker, Morgan uses history and practical book smarts to more than compensate for his omission. But he thinks of America from his perspective, as he would quickly admit. He encourages everyone to put their own perspective in front of their financial goals and question the rationalization of the markets, and for that I admire his thinking. This book is a masterpiece in finance and history, which I guess is a subtle way of writing psychology. Overall, I highly recommend it for anyone, especially younger people.

Timeless lessons on money and how we all view it.I agree with this definition of financial independence in here.I don't need to be rich, I just need enough to be the master of my own time.Do what I want, when I want, with whom I want for however long I want to.That place is coming for me in another decade (50), God willing.Thoroughly enjoyed this book.

Plenty of immediately applicable information. Insightful perspective on motivations. If you would like to better understand your relationship with money, highly recommend!

I hope to never be interested in anything he narrates again. Between hearing every breath in-between sentences and the wetting of his lips constantly it was all I could do to finish the book.

Goes into the emotional reasons why people do what they do with money. One example being the explanation of bubbles through the change in investors from primarily long term to primarily short term. Great read, highly recommend!

The name of the book was great caught my attention. I understand the author wanted to keep it short, but for this title youneeded more info. There where good bread crumbs throughout the book , but the best chapter was the last to me . Talking about the financial economy after world war 2 , and the invention of credit to the working class .

If you're a psychologist and want to understand psychological concepts then read this book but if you are a person wanting to overcome psychological money problems and become better equipped to handle your money don't waste your money (or time) here!

Having bought this book by accident, and feeling bummed for wasting a credit, I gave it a listen. The book totally blew me away at chapter one. It's packed with such valuable information that I demanded that my son reads it. It's also an easy listen. What a great present I gave myself. And well done author!