The Psychology of Money by Morgan Housel - Book Review & Summary - Key Lessons

In this book review of The Psychology of Money by Morgan Housel I share the key lessons I got from the book and summarize its content.

The psychology of money is a book that takes human psychology into consideration when it comes to money and suggest ways to wealth with human irrationally in mind.

I will also share another book that can have potentially huge impact on your finances and outcomes in life, so stay to the end.

#bookreview #thepsychologyofmoney #booktube

—— Book reviews of mentioned books —-

—- Relevant links —-

—— Chapters —-

00:00 - 01:00 - Introduction
01:00 - 01:35 - Money and Life Experience
01:35 - 03:06 - Reasonable vs. Rational
03:06 - 03:44 - Compound interest = Magic
03:44 - 03:56 - Main Takeaways
03:56 - 04:32 - Book Verdict
04:32 - 06:36 - Further reading
06:36 - 07:16 - Upcoming books and reviews
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[bkahmedbilalprince]

glad to have you to share with the world the psychology of money your knowledge and insight helps the most venerable

[mertxel]

Yes I started to read this book this week. So far so good. I may have to read it another time to let it sink in.

[mehmetkaya]

These book summaries are great, much appreciated.

[ganimeinanc]

Once I changed my feelings about money - money is love and valuable - my life changed: now money is coming to me from different sources every day🤩

[benjeffrey]

You gave me a strong reason to read this book 😊

[vibacar]

Great video Bjorn. It is my next read 😀

[mehdialyouika]

Financial success is not a hard science. It’s a soft skill, where how you behave is more important than what you know.

[berfineceylmaz]

I'm watching stuff like this atm cause idk if I'd choose wisedom over 2mil if I had a choice. With wisdom, you can build wealth over time. With money, I can just have enough money to live life without having to think about how to get food on the table. Only thing is, you can't buy wisdom. I think wisdom is more valuable. It will benefit every aspect of life, but slowly. Money is like a quick fix in a narrow field.

[darksky]

I read this book last night non stop. My mind is blown. Worth the dosing off at my cubicle at work. 😂

[notnagato]

First off, I love what The Swedish Investor does, it's great stuff. Just wanted to chime in and say that if you are looking for a good book on behavioural finance, or finance in general, this is not the book. There was very, very little substance. I think your money could certainly be spent on many other books reviewed on this channel over this one. It wasn't a terrible read or anything, I just found I didn't learn anything. Anyways, just my 2 cents.

[mddilshaan]

Hehe...I Knew That Must Be The Art Of Negotiation (0:35)😁

Thank You Sir For Making a Video On This Book, I Had Received This as a Gift Last Year On My B'day And It's a Really Great Book On Money (Can Be In a Little Hard Language For Reading Beginners) And Rich Dad Poor Dad Was The First Book Of My Life..Thanks To My Older Brother For Ordering That One For Me, Robert Kiyosaki Is My 1st Favourite Author, 2nd One Is Dale Carnegie And 3rd Mark Manson (I Can Say Mark Is Not That Much Favourite But Yeah Liked His The Subtle Art Of Not Giving a F***)

Richest Man In Babylon Was One Of The First 5 Or 10 Book When I Started Reading I Read It Twice In Few Days But Didn't Understand That One😅

I Would Like To Say That You Must Make a Review Video On Both Rich Dad Poor Dad And The Richest Man In Babylon😇

[anadeaconu]

My trading journey was a matriculation of highs and lows, literally just like the market. you up, you down. Now I'm constantly up

[yamancetin]

Do you invest your own money? If so, which of the books you’ve reviewed has given the most benefit? A top five or ten list would be great.

[dariuscincys]

These book summaries are great, much appreciated.