Spending money to show people how much money you have is the fastest way to have less money.

﻿Happiness is just results minus expectations.

You can build wealth without a high income, but have no chance of building wealth without a high savings rate.

Be nicer and less flashy. No one is impressed with your possessions as much as you are.

Saving is the gap between your ego and your income.

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.

moneyandinvestments

Money & Investments

books

Books

Morgan Housel is a partner at The Collaborative Fund. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, winner of the New York Times Sidney Award, and a two-time finalist for the Gerald Loeb Award for Distinguished Business and Financial Journalism. He lives in Seattle with his wife and two kids.

The Psychology of Money

THE PSYCHOLOGY OF MONEY

THE PSYCHOLOGY OF MONEY

THE PSYCHOLOGY OF MONEY

THE PSYCHOLOGY OF MONEY

THE PSYCHOLOGY OF MONEY

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