Cover of The Psychology of Money by Morgan Housel

Cover via Open Library

Matt's pick · not sponsored

The Psychology of Money

  • personal finance
  • investing
  • wealth
  • behavior
  • saving
  • compound interest
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Why I'd hand it to you

This is the money book I would hand to anyone starting out, and to plenty of people who aren't. Housel's case is simple: how you behave with money matters more than how smart you are about it. He works through luck, risk, patience and the idea of having enough in short chapters you can read in one sitting. It is calm and sensible, never preachy. What it is not is a how-to. You won't get a budget, an asset mix or a list of funds, so if you want a step-by-step plan, pair it with something more practical. As a way to rethink your relationship with money, though, it does the job well.

— Matt Jordan

Quick summary

Book
The Psychology of Money by Morgan Housel
Who it's for
People starting out with money, or anyone rethinking their habits, who want perspective rather than a detailed plan.
Key topics
  • Behavior and money
  • Luck and risk
  • Patience and compounding
  • Knowing when you have enough
Shelves
Economics, Psychology, Business

Details

Author
Morgan Housel
ASIN
0857197681
On these shelves
Economics Psychology Business
Short link
mattsbooks.org/r/pmon