Psychology of Money my Morgan Housel is probably one of the BEST books ever written on finance and even that may be an understatement. There was not a single page in this book where I wasn’t excited to read what comes next!
And the book is not about specific investing or trading strategies but instead it really teaches us how to LIVE our LIVES when MONEY is this one CENTRAL thing that everyone desires so badly.
Everyone wants MORE money, MORE Power, MORE Prestige, MORE Freedom, MORE Time and so this book is what I consider to be a work of art that really encapsulate the essence of money in our daily lives.
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The book is FULL of insightful stories, statistics, and even anecdotes the will just open your mind to a whole new perspective on life and money.
So here the 10 lessons I learned form THIS books!
Intro: 0:00
Lesson #1, Everyone is Different: 0:40
Lesson #2, Luck & Risk: 4:50
Lesson #3, Learn to be Content: 6:44
Lesson #4, Compounding Can Work Wonders: 8:45
Lesson #5, Survive!: 10:47
Lesson #6, Save and Buy Freedom: 12:26
Lesson #7, Real Wealth is Hidden: 14:28
Lesson #8, Life is Unpredictable & You’ll Change: 16:19
Lesson #9, Be Reasonable: 17:54
Lesson #10, Everything has a Price & Everyone has Different Goals: 19:25