The Psychology of Money

By reading this koob, you will discover how personal experience shapes the way individuals view and handle their finances.

You will also discover:

• How saving money can make you a happier and more independent person

• How becoming humbler can make you wealthier for longer

• Why a long-term investment strategy can yield the best results

• The pitfalls of choosing the wrong financial role model

• Why being reasonable is better than being rational when making financial decisions

• Why human nature causes us to favor pessimism over optimism and fiction over fact

An individual’s finances have more to do with their experience than with their intelligence level or investing acumen. This may seem counterintuitive, but the reality is that money is an emotional subject, and the way we spend and invest widely differs from person to person. A financial decision that seems reasonable to you may look crazy to another. In The Psychology of Money, behavioral finance expert Morgan Housel inspires you to take a deeper look at your personal spending and investing habits and explains the ways in which human nature influences both broader economic trends and also individual spending and investing behaviors. Are you ready to learn how to gauge your personal needs and achieve long-term financial freedom?