The Psychology of Money
Timeless lessons on wealth, greed, and happiness
by:
Morgan Housel
in:
Personal Finance
Summary:
The book explores how individual behavior and psychology influence financial decisions and the pursuit of wealth, offering insights into how to make smarter choices about money. It presents a series of short stories and anecdotes that illustrate the complexities of personal finance, emphasizing the importance of humility, patience, and a long-term perspective.
Key points:
1. Luck and Risk: Housel states that luck and risk are crucial in financial success, often overlooked by wealthy individuals.
Books similar to "The Psychology of Money":
![](/books/04/04a3c557f1.jpg)
The Wealthy Gardener
John Soforic
![](/books/a6/a618ef31a9.jpg)
The One-Page Financial Plan
Carl Richards
![](/books/7a/7aae155953.jpg)
The Simple Path to Wealth
JL Collins
![](/books/11/114ca0330c.jpg)
Money Honey
Rachel Richards
![](/books/ad/ad3ef27cfa.jpg)
The Path
Tony Robbins|Tony Robbins
![](/books/6d/6dede6e9d5.jpg)
The Next Millionaire Next Door
Thomas J Stanley PhD
![](/books/30/305afa29cb.jpg)
The Index Card
Helaine Olen|Harold Pollack
![](/books/56/56ef327dde.jpg)
The Behavior Gap
Carl Richards
![](/books/27/27d2a76c08.jpg)
The Only Investment Guide You'll Ever Need
Andrew Tobias
![](/books/f9/f9781dc5d4.jpg)
Everyday Millionaires
Chris Hogan