THE PSYCHOLOGY OF MONEY explains the side of human nature that goes into financial decisions. From personal history to personal goals, the author gives a holistic look into the processes behind an individuals money decisions.

MORGAN HOUSEL emphasizes the roles that luck and risk play on everyone’s fortune, and how no one can escape economic downturns so it’s better to prepare for them. 

He also explains the important difference between rich individuals and wealthy individuals where the latter is far more important to strive for. This book doesn’t directly detail money strategy but rather the various reasoning that is the foundation for money decisions. 

hindsight: worth the read 

The Psychology of Money
Previous
Previous

The Problem of Pain

Next
Next

The Women