Besides sounding intriguing, I had heard about The Psychology of Money from my brother and then seen it a couple of times on YouTube that it's a really good financial book. That was enough for me to pick it up at the bookstore and line it up to read later on. And then it turned out to be an interesting book with relatable insights.
The book starts with anecdotes of people and their behaviour with money. They were amusing enough for me to be curious about what the rest of the book would teach. And throughout the book, there were many examples of the lives of different people, which just made the concepts and insights more relatable.
I'll say the title is apt, as the book touches on various topics and explains in a simple manner why we act the way we do in money matters, being realistic about the decisions we make, and what true freedom is. Something I found funny in the book is how we tend to readily pay attention to pessimistic predictions and also how dire situations could make people believe just about anything.
In many instances, Morgan Housel also shares bits of his life and makes examples from it, like even mentioning his daughter a few times. I thought this was really good, as being personal in apt ways makes such self-help books interesting to read.
I don't consider The Psychology of Money to be a big book at all. It does have a lot of things said within its 240 pages, but seeing that they were split into 20 chapters instantly gave me the feeling that it was going to be a quick read. And it did feel easier to read it in chunks in the middle of a busy month. But at the end of each chapter, the author always made a statement or something that linked to the next chapter, which just had an engaging flow to it.
Prior to taking interest in financial books, I used to think that they were about numbers, charts, and whatnot, but this book has rather taught more on mindset and behaviours for making better financial decisions. Definitely a good read, I recommend.
Images in this post are my own
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I haven't read this one. Have you tried reading Rich Dad Poor Dad?
Or the The Intelligent Investor
Rich Dad Poor Dad got a little too technical for my comfort, so I never finished.
I might check out The Intelligent Investor
The Intelligent Investor is more technical imo haha
This is one of the must read books for a person who wants to take his or her finances serious. I've heard a little about it, it changes the way we approach money and our beliefs about money.