BOOK REVIEW : -PSYCHOLOGY OF MONEY ""Money isn’t just about numbers—it’s about mindset!"

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"Discover how our thoughts and feelings about money affect the way we make financial choices in The Psychology of Money by Morgan Housel."



The Psychology of Money was written by Morgan Housel, a well-known financial writer and partner at The Collaborative Fund. The book, published in 2020, explores the emotional and psychological factors that influence people's relationship with money and how they make financial decisions. Housel combines storytelling with research to explain why people often act irrationally with money and how understanding these tendencies can lead to better financial outcomes. It has been widely praised for its accessible writing and insightful analysis of personal finance and behavioral economics.




Summary of the Book:

The Psychology of Money is divided into several chapters, each focusing on a different aspect of money and decision-making. Housel explains concepts such as risk, wealth, happiness, and the biases that influence our choices. He emphasizes the importance of long-term thinking, the role of luck and skill in wealth accumulation, and the impact of personal experiences on financial decisions. The book also explores the differences between getting rich and staying rich, and how small decisions over time can have a significant impact on one’s financial future.


It emphasizes the importance of self-awareness and emotional intelligence in improving mental well-being and personal growth.

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