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  • The Psychology of Money

  • Timeless Lessons on Wealth, Greed, and Happiness
  • Written by: Morgan Housel
  • Narrated by: Chris Hill
  • Length: 5 hrs and 48 mins
  • 4.8 out of 5 stars (1,775 ratings)

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The Psychology of Money

Written by: Morgan Housel
Narrated by: Chris Hill
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Publisher's Summary

Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people.

Money - investing, personal finance, and business decisions - is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don’t make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together.  

In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life’s most important topics.

©2020 Harriman House (P)2020 Harriman House

What listeners say about The Psychology of Money

Average Customer Ratings
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I am very disappointed with the psychology on money

No values on the psychology aspect of making money. The author is basically recounting successful end-tail anecdotes and one makes no mistakes of tracing back the corresponding “right psychology “ or strategies produced the successful results. If You want to get real money making mind, I would recommend “The Almanack of Naval Ravikant “, full of practical values. If you have read real psychology books from Alfred Adler, you will find the author need to get real psychology education himself/herself first.

18 people found this helpful

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Literally changed my financial life!

This book and its wisdom changed my perceptions about finance! Since I am a financial planner, I can safely said that this book changed my life!

11 people found this helpful

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Ummm....

This book will rub off differently based on the type of person you are. I got a lot of negative feels on money, enough to make me not want to care about money. I still can't bash this book, as it is very well put together.

6 people found this helpful

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This is not an instruction manual about finance...

This book does not provide any specific actions to take to increase your financial well-being. If you are looking for how to get rich this book isn't it. If you are looking to grow your perspective on wealth then you will find value here.

4 people found this helpful

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  • LJO
  • 2021-07-24

Incredible story telling

This was very worthwhile. Lots of fantastic lessons for sustainable and practical living. Every chapter was entertaining, relevant and insightful. I'm going to listen to this again at some point.

3 people found this helpful

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This is a gooooood boook

Speechless.

Listen to it if you are fed up about your finances… and are willingly to change your behaviour

2 people found this helpful

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Best book I've listen this year

Yes he talks about finance but this is basically life explained. Maybe I'm partial because his point of views dit with mine but the perspective is well worth it.

2 people found this helpful

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An sober view on the human relationship with money

This is an excellent look on how our view and relationship with money and debt has changed over the decades. Highly recommended.

2 people found this helpful

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Great personal finance book

Great start for beginners who want to learn about personal finance and human psychology. Highly recommended.

1 person found this helpful

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Great story few takeaways.

Author has done exceptional job in telling a convincing story on various aspects of personal finance. However, there are not many specific actionable takeaways.

1 person found this helpful

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  • Alex
  • 2021-05-30

Could be summarized in one sentence

I’ll save you a few hours of your time. The author invests all his money in index funds. The end.

541 people found this helpful

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  • Dan
  • 2020-10-05

The philosophy of money

This book really should be called the philosophy of money. Some good bits of info, more like fun facts than anything else, but overall I didn't feel like I got a lot of value from the book.

99 people found this helpful

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  • Brian Sachetta
  • 2020-09-28

Really interesting and fun take on money

Let’s face it — money is a complex and, at times, bewildering subject. There’s so much contradictory information out there. It can be quite overwhelming to hear all of that info and try to make sense of it, based on our own situations.

Rather than try to provide another set of so-called “can’t lose” strategies for managing money, here, Housel seeks to show readers that success with money is a soft skill filled with lots of nuances. Though that may sound daunting at first, I can assure you he doesn’t just leave readers out to dry. No, instead, he provides countless new ways of thinking about money that allow readers to see their financial situations in new lights.

Sure, that may also sound a bit nebulous on the surface, but trust me — it will all make sense if/when you pick this one up. Some of those new ways of looking at money include ideas such as: different people’s life experiences lead to vastly different views about money; the hardest financial skill to acquire is to learn to stop moving the goalposts and eventually become content with what we have; and protecting the downside is probably the most important thing when it comes to managing money properly.

Housel applies these somewhat abstract concepts through the use of countless stories and examples, which makes the digestion of them so much more straightforward. In the end, we’re left with a core set of principles for managing our money moving forward. And, spoiler alert, so much of that managing boils down to effective financial psychology — the very subject of the title of this book.

I think most readers will enjoy it quite thoroughly, and, as such, I recommend it highly.

-Brian Sachetta
Author of “Get Out of Your Head”

71 people found this helpful

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  • Bianca Alison
  • 2020-09-25

Nothing new for an Uber hyped book.

If you have read 21 lessons for the 21 century, Warren Buffet or even Dave Ramsey this book has nothing to offer. The title is magnificent. Except it is. It about the psychology of money at all. It is a book on economics, investing and social behavior but to call it the “psychology” of money is a huge presumption of the material you are abut to read.

50 people found this helpful

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  • Dr Jonny
  • 2021-01-30

Interesting, but little substance

spends most of the book saying no one really knows anything about money, then gives a few recommendations at the end, most of them common sense. them finishes with another small story about the economy since the great depression, but with limited biased analysis.
you can skip it...

32 people found this helpful

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  • jlanewell
  • 2020-10-05

Thought provoking book about habits about money.

I got this book on audible and listened to the whole thing in one day. This book is a different approach to money. It really is extremely thought provoking. I particularly enjoyed Never enough chapter. This book is written in such away that you are getting stories to help understand the examples in the book.

I really enjoyed the content in this book and recommend reading.

29 people found this helpful

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  • Randall Bricker
  • 2020-10-04

Must read for everyone!

Current, timeless and Insightful! I just happened to stumble across the author on Twitter and I’m very glad I did. I now follow and read many of his articles but this book is a must read for all. I have already shared it with all my family and friends including my son studying financial engineering at Cornell. This is the type of book you should earmark to read over again, anytime you need to make a large financial decision. Bravo!

19 people found this helpful

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  • Matt Lasher
  • 2020-09-26

Outstanding! I’ll be reading again

I’ve read dozens of personal finance books and this is second only to @The simple path to wealth” by JL Collins.

Highly recommended

14 people found this helpful

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  • Tony Weber
  • 2020-10-07

Very good read..

If someone wants to understand the psychology of money this book is a very good start...
Everyone is different and everyone have different wants and needs.

11 people found this helpful

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  • Jake Cohen
  • 2020-10-03

Morgan great book!

Thanks for this well thought out book on money. Interesting to hear a different perspective than the constant save more, spend less and think about the ideas behind it.

7 people found this helpful

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  • Henry Pascal
  • 2022-09-20

Not a bad book

Not a bad book with interesting stories and illustrations. Expected a little bit more practical tips.

1 person found this helpful

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  • Anonymous User
  • 2022-05-05

Straight to the point

This book doesn't waste your time, it is quite effective and go straight to the point.

the author has a scientific approach and give convincing arguments to each of his ideas.

I would definitely recommend this book to anyone seeking to understand the dynamics of money

1 person found this helpful

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  • SASANK
  • 2022-07-18

Very Nice References are used

I loved the book, It explains economoy in an emotiinal perspective which people are not caring in the modern days.

The book defines success is as per individuals and I recommend the book to everyone.

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  • Anonymous User
  • 2022-06-22

Short but insightful

Very well written and delivered with nice anecdotes and insights on how we consider money ans deal with it.

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  • Anonymous User
  • 2022-06-14

Beautiful script on money

I love how it’s more than investment advice. The book transcends beyond any financial advice I have ever received.

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    3 out of 5 stars
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  • abc
  • 2022-04-25

Good story, bad performance.

bad performance. The voice is robotic. It maje hard to focus on the story. And it lacks actionable points.

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    3 out of 5 stars
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  • Anonymous User
  • 2022-03-07

Can hear reader breathing

The book is alright, I got a few interesting elements.
Not satisfied with the performance.

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  • Anonymous User
  • 2022-01-18

Interesting but somewhat basic

The financial notions discussed in the book are sometimes a bit basic and obvious. Especially if you come from a financing background.

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  • Anonymous User
  • 2021-11-29

timeless wisdom for investing, career and life

Show me a better book in it's genre but I liked the approach in this book. Only wish I had read it 10 years ago.

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  • Fatima K
  • 2021-07-04

A must listen !

loved it! so good to understand our relationship with money. a quick read and insightful.