The Psychology of Money by Morgan Housel - Non Fiction - PaperbackDefault Title (2024)

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SKU B2D4776 ISBN: 9780857197689

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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.

Money investing, personal finance, and business decisions is typically taught as a math-based field, where data and formulas 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 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.

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The Psychology of Money by Morgan Housel - Non Fiction - PaperbackDefault Title (2024)

FAQs

What is the title of the book psychology of money? ›

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.

Is psychology of money fiction or nonfiction? ›

The Psychology of Money by Morgan Housel - Non Fiction - Paperback.

What is the main theme of The Psychology of Money? ›

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.

Is The Psychology of Money worth buying? ›

Conclusion: "The Psychology of Money" is a must-read for anyone seeking a deeper understanding of the interplay between psychology and finance. While it's not a step-by-step guide to wealth accumulation, it provides invaluable insights into developing a healthier and more productive relationship with money.

Is psychology of money easy to read? ›

It's an easy-to-understand book for anyone interested in money. Real Stories: What makes this book special is how Housel tells stories. He explains complex money ideas using real-life tales.

How many pages is Psychology of Money? ›

Product information
Publisher‎Jaico Publishing House (1 September 2020); Jaico Publishing House, JA-1, Jash Chambers, Off Sir Phirozshah Mehtra Road, Fort, Mumbai, Maharashtra 400023 Phone: 022 4030 6767
Language‎English
Paperback252 pages
ISBN-10‎9390166268
ISBN-13‎978-9390166268
12 more rows

How long does it take to read The Psychology of Money? ›

The average reader, reading at a speed of 300 WPM, would take 3 hours and 4 minutes to read The Psychology of Money by Morgan Housel. As an Amazon Associate, How Long to Read earns from qualifying purchases.

What does the book The Psychology of Money teach you? ›

It teaches us that true wealth and financial security stem not from chasing returns or outdoing others but from understanding ourselves and the psychological forces that drive our financial behaviors, ultimately guiding us toward a more thoughtful, contented, and independent life.

Is non fiction real or non real? ›

In nonfiction, the author strives to be truthful and accurate in representing the facts as they occurred. In fiction, the author can create any story they wish, based on their imagination.

What is the main point of The Psychology of Money book? ›

Brief summary

The Psychology Of Money explores the role of human behavior in personal finance, offering insights on how to make smarter financial decisions and build wealth.

What is the secret of The Psychology of Money? ›

One of the main takeaways from "The Psychology of Money" is the importance of perspective in understanding and managing our relationship with money. Housel argues that our perspective shapes our perception of success and failure, and that a long-term perspective is crucial for making sound financial decisions.

What is the genre of The Psychology of Money? ›

What is the benefit of the book The Psychology of Money? ›

In conclusion, “The Psychology of Money” is an enlightening and thought-provoking book that delves into the human aspects of finance. It offers valuable lessons on understanding and improving one's financial behavior, making it a must-read for anyone seeking to enhance their financial well-being and mindset.

Who is the janitor in psychology of money? ›

Starts off with the story of Ronald Read, who was a car mechanic and janitor, who left $8M to this children and charity at the age of 92. Without formal “financial education”, Ronald did the smart and basic things well. He put his money in large growth-cap stocks and didn't touch them.

What is the meaning of money psychology? ›

Mar 28, 2024. Money psychology studies our relationship with money, influencing how we earn, save, spend, and invest.

What is the meaning of the book psychology of money? ›

The Psychology Of Money explores the role of human behavior in personal finance, offering insights on how to make smarter financial decisions and build wealth.

What is the physiology of money about? ›

That is precisely what Morgan Housel explores in his book The Psychology of Money. He establishes that how you handle your finances is linked to your psychological quirks and experiences. Housel's book isn't just another finance book; it helps you understand why you make certain money decisions.

What is the name of the first chapter of psychology of money? ›

In Chapter 1, “No One's Crazy,” Housel emphasizes how people's different backgrounds and childhood experiences inform their perception of money, risk, and financial management.

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