A quote from The Psychology of Money (2024)

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What is the best quote from The Psychology of Money? ›

The less you need, the wealthier you are. The quote by The Psychology Of Money, "The less you need, the wealthier you are," encapsulates the essence of true wealth and financial well-being. It goes beyond the traditional understanding of wealth as simply accumulating material possessions or vast amounts of money.

Less ego, more wealth. Saving money is the gap between your ego and your income, and wealth is what you don't see.

1. “Money is a terrible master but an excellent servant.” Phineas Taylor Barnum—American author, publisher, philanthropist, politician, and co-founder of Barnum & Bailey Circus—was renowned for being a showman who knew how to make a buck, which is how he became one of America's first millionaires.

Money and Emotions

Some feel a positive connection to money, where it's a tool to help them build a satisfying and secure life. Others associate negative emotions like stress with money – either from not having enough or being uninformed about how to make the best use of it.

“If you deliberately plan on being less than you are capable of being, then I warn you that you'll be unhappy for the rest of your life.” –Abraham Maslow. “Everything can be taken from a man, but the last of the human freedoms: to choose one's attitudes in any given set of circ*mstances.” –Viktor Frankl.

"Follow the money" is a catchphrase popularized by the 1976 docudrama film All the President's Men, which suggests political corruption can be brought to light by examining money transfers between parties.

Go as far as you can see; when you get there, you'll be able to see farther. No problem can be solved until it is reduced to some simple form.

From then on, Eastman taught Morgan how all life is precious as well as teaching him Aikido to allow him to defend himself without resorting to lethal force. The episode shows how Eastman died from a walker bite, but Morgan carries his peaceful ways on with a promise to never kill again.

According to Einstein, “Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn't … pays it.” At first this quote might seem like a bit of an exaggeration but the math behind it shows that it is not.

What is a quick quote about money? ›

A wise man should have money in his head, but not in his heart. Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.

What Is the Psychology of Money? The psychology of money is the study of our behavior with money. Success with money isn't about knowledge, IQ or how good you are at math. It's about behavior, and everyone is prone to certain behaviors over others.

Freud cast his characteristically suspicious eye over our financial taboos, remarking, 'Money will be treated by cultured people in the same manner as sexual matters, with the same inconsistency, prudishness and hypocrisy.

In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life's most important topics.

One of the most crucial lessons from the book is that risk tolerance varies from person to person. What's risky for one individual may not be the same for another. Housel encourages readers to assess their risk appetite and tailor their financial strategies accordingly.

The Psychology of Money is a collection of short stories exploring the strange ways people think about money. The author presents related biases, flaws, behaviors, and attitudes that affect one's financial outcomes and shows how one's psychology can work for and against them.

Any person ... will reflect, that money is only valuable while in circulation, [and] any device which will keep the government revenues, in constant circulation, instead of being locked up in idleness, is no inconsiderable advantage.