The Psychology of Money

Brief Overview

The book «The Psychology of Money» by Morgan Housel explores how human emotions and behavior influence financial decisions. The author emphasizes that success in managing money depends not only on knowledge and skills but also on understanding psychology. Housel shares stories and examples to illustrate how personal beliefs, experiences, and cultural factors shape our attitudes toward money. He explains why it's important to control emotions and avoid impulsive decisions, and how patience and long-term planning can lead to financial well-being. The book encourages readers to rethink their financial habits and strive for a more mindful approach to money.