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The Psychology of Money by Morgan Housel

Finance

The Psychology of Money

Timeless Lessons on Wealth, Greed, and Happiness

by Morgan Housel

Housel harps on the importance of money behavior and how making more money doesn’t just solve your problems. Housel explains the long-term impact that comes with being smart with your money now and the importance of working smarter, not harder. Throughout the book, Housel dives into individual life stories of the money decisions people made along the way and the short and long-term effects that accompanied those decisions. This book can also be a great mirror to your own financial decisions and the behaviors you have yourself.

Favorite Quotes

“Money’s greatest intrinsic value is its ability to give you control over your time.”
“Nothing is as good or as bad as it seems.”
“Risk is what’s left over when you think you’ve thought of everything.”
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