Imagine if everyone liked the same games - that would be boring! It's the same with money. Some people like to save a lot, while others like to spend a bit more.

There's No Right or Wrong Way

Some friends might have different rules at home about money. That's perfectly fine! It's like having different rules for games.

It's OK to Be Different

Some people might think saving a lot of money is best, while others might think spending on fun things is more important. Both ideas are okay!

Big or Small, It's All Good

Just like how we talk about our favorite games, it's good to talk about money with friends and family. We can learn from each other!

Listen and Share

Happiness = Result - Expected Outcome

Just like how everyone has their favorite toys, people have different ways they like to use their money.

Everyone's Money is Different

Don't blame yourself if something goes wrong in life even if you try everything is possible.Outcomes depend on another factor than individual effort.

Luck & Risk 

Success is a lousy teacher. It seduces smart people into thinking they can't lose

Your personal experience with money makes up maybe 0.00000001% of what's happened worldwide. but maybe 80% of how you think the world works.

No One's Crazy

"The Psychology of Money" offers valuable insights into how emotions and behaviors influence financial decisions, providing practical wisdom for lifelong financial success.

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.

Understand yourself and those around you.

psychology

Psychology

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.

MORGON HOUSEL

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