Psychology of Money
₹99.00
There Psychology of Money by Morgan Housel (2020) examines personal finance through the lens of human behavior. It’s a fresh take on a well-trod subject; many personal finance books focus on exogenous considerations: e.g. how the stock market works, how to select stocks or build a portfolio, how to time the market, etc.
The most important emotions in relation to money are fear, guilt, shame and envy. It’s worth spending some effort to become aware of the emotions that are especially tied to money for you because, without awareness, they will tend to override rational thinking and drive your actions.
Price of investment: Everything comes for a price. Even social media platforms are not free. They might appear free but you have to pay for them in time and data. Similarly, when you make an investment, the real price is not money but overcoming fear, doubt, uncertainty, greed and regret.
‘The Psychology of Money’ is an essential read for anyone interested in being better with money. Fast-paced and engaging, this book will help you refine your thoughts towards money. You can finish this book in a week, unlike other books that are too lengthy.
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