The-Psychology-Of-Money-by-Morgan-Housel

Description

Unlock the Secret to Financial Success: It’s Not Math, It’s Mindset.

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.

In The Psychology of Money, award-winning author Morgan Housel challenges the traditional view of personal finance. We are taught that money is a science—that formulas, spreadsheets, and market data will 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 this accessible and engaging eBook, Housel shares 19 short, powerful stories exploring the strange ways people think about money. He provides a masterclass in behavioral finance, teaching you how to unlock the “soft skills” that are more important than the technical side of money.

Whether you are a beginner investor, a retiree, or simply someone looking to improve their relationship with their finances, this book provides the psychological tools needed to build wealth and—more importantly—stay wealthy.

Key Takeaways & Features

• Behavior Over Intelligence: Learn why a genius who loses control of their emotions can be a financial disaster, while ordinary people with no financial education can build wealth simply by mastering their behavior.

• The Difference Between Getting Rich and Staying Rich: Discover the survival mindset required to keep money once you have it.

• The Power of Compounding: Understand how small, consistent actions over time lead to massive results, often in counter-intuitive ways.

• The Seduction of Pessimism: Learn why optimism sounds like a sales pitch, while pessimism sounds like someone trying to help you—and how this bias affects your wallet.

• Freedom is the Ultimate Wealth: Housel argues that the highest form of wealth is the ability to wake up every morning and say, “I can do whatever I want today.”

About the Author

Morgan Housel is a partner at The Collaborative Fund and a former columnist at The Motley Fool and The Wall Street Journal. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers. His insights on financial psychology have helped millions of readers change their perspective on wealth.

Product Details

• Format: eBook (Instant Download)

• Author: Morgan Housel

• Category: Personal Finance / Psychology / Investing

• Language: English