The Psychology of Money
Prepared by the Litseller editorial team. Our goal is to share concise, accurate, and valuable book summaries for personal growth and education.
Summary
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.
Date of publication: 5 February 2025
———The Psychology of Money
Author:
Genre: Psychology