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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

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What listeners say about The Psychology of Money

Average Customer Ratings
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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!

1 person found this helpful

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Finally a good book on financials

This is the book that i was waiting for long time, i love the simplicity of ideas and how well structured the chapters are. You will find a simple and universal truth which is the core of this book, we are humans! and that is what make us amazing a something and terrible at other things. I loved every single chapter and all the ideas behind. Many thanks to the author.

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fantastic!

great book that can alter your financial life.

It seems to be oriented at a somewhat financially savvy crowd. I was listening to this with my partner and often had to stop to explain terms and financial instruments discussed.

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    4 out of 5 stars

Money and personal perspective.

Provides a different lens when looking at investments and savings, which is not completely analytical. This book also helped me to see some of my investments choices as being more emotional then practical. Good listen to help round out your perspectives.

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Excellent book and easy reading

Very clear and well written book which gives food for thought to anyone looking at how to manage money

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Excellent way to pause, listen, and learn

I'm so glad I listened to this book, a referral from my brother, it was an excellent way for me to really think about money and what money, spending, saving, and ultimately investing means to me.

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Excellent book

Very easy to understand and well told to the point. very well articulated around the chapters and examples fit the topics

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Worth listening to again and again

Well organized, researched, and thoughtfully integrated to provide clear and concise insights delivering on the title of the book. Verified the rave reviews from many friends upon my own completion, now onto 2nd read through and plan to listen on a quarterly basis. Only bit of feedback which may simply be personal, I’d like a bit more inflection and audible range of emotions by the narrator. Great job as it is, though my brain prefers a bit more fluctuation to enjoy staying engaged more than I already was. Now, onto the hunt for this authors other publications!

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Excellent Listen!

This was succinct, simple but profound! Every chapter was packed with relevant easy to understand narrative and examples. loved the balanced perspective the author presented as well. Loved it and will recommend it to a few people I know.

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Loved it !

This is not a book I would typically think about on my own. My financial advisor recommended I read it. It is easy to listen to and understand. I found the overall message hopeful and relatable as well. Definitely recommend

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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”

13 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.

10 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.

9 people found this helpful

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  • Ryan
  • 2020-10-07

Must listen!

Great book for all investors, especially new investors! Good pace and narrator was easy to follow

6 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!

5 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

5 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.

4 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...

3 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.

3 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.

3 people found this helpful

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  • Maria R.
  • 2020-11-27

Great book

Good book to understand general economic American History and also gives you a perspective of investment in the stock market in an aggressive and passive way which leads to more or less risk

Highly recommended