The Psychology of Money

by Morgan Housel
The Psychology of Money cover
Good Books rating 4.17
Psychology and Human Behavior
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Waterstones
Paperback • £16.99
Amazon
Format/Price Check
Technical
  • ID: 2653
  • Added: 2025-10-16
  • Updated: 2025-12-30
  • ISBN: 9780857197696
  • Publisher: Harriman House Limited
  • Published: 2020-09-08
  • Formats: 1
  • Reviews: 4

The Psychology of Money by Morgan Housel challenges the conventional wisdom that financial success is purely about knowledge. Instead, it delves into the behavioral aspects that influence our money decisions. Housel shares 19 short stories that illustrate the unique and often irrational ways people think about money, providing a fresh perspective on one of life's most important topics. /n/n The book emphasizes that financial decisions are rarely made in a vacuum but are often influenced by personal history, emotions, and external factors. Housel's engaging narratives make complex financial concepts accessible and relatable, offering valuable insights for anyone looking to improve their financial literacy and decision-making.

Reviews
LinkedIn · Richards MS · 2025-10-16
refreshing 4.20

The book emphasizes mental discipline as key to building wealth. The reviewer finds the book's focus on mental discipline refreshing and practical.

The reviewer is impressed by the book's emphasis on the importance of mental discipline in building wealth. They believe that this focus sets the book apart from others in the genre, which often prioritize technical knowledge over behavioral aspects. The reviewer finds the book's practical advice and relatable anecdotes particularly valuable, making it a compelling read for anyone interested in personal finance. They appreciate how the book challenges conventional wisdom and offers a new perspective on achieving financial success.

Quick quotes

    This book has received such rave reviews.

    It emphasizes that building wealth is more about mental discipline than simply getting the numbers right.

    The book's focus on mental discipline is refreshing and practical.

Arta · 2025-10-16
insightful 4.00

The book argues that financial success is more about behavior than intelligence. The reviewer finds the premise compelling and the book easy to read.

The reviewer appreciates the book's focus on the behavioral aspects of managing money, which they find more relatable and practical than traditional financial advice. They highlight how the book's premise—that doing well with money has more to do with behavior than intelligence—resonates deeply. The reviewer also notes that the book is well-written and easy to understand, making it accessible to a wide audience. They believe it offers valuable lessons that can help readers make better financial decisions.

Quick quotes

    The premise of this book is that doing well with money has a little to do with how smart you are and a lot to do with how you behave.

    And behaviour is hard to teach, even to really smart people.

    The book is well-written and easy to understand.

Teri Hofford's Blog · Teri Hofford · 2025-04-04
enjoyable 4.00

The book is praised for its accessible writing style and practical insights into financial behavior. The reviewer appreciates the author's ability to make complex concepts easy to understand.

The reviewer particularly enjoys the author's writing style, which makes complex financial concepts easy to grasp. They find the book's insights into financial behavior both practical and valuable. The reviewer also notes that the book's narrative approach makes it an engaging read. The practical advice and real-life examples are seen as particularly useful for anyone looking to improve their financial habits. Overall, the book is praised for its ability to make financial education accessible and enjoyable.

Quick quotes

    My favorite part of the book was the way that Morgan writes, actually.

    He made it easy for me to grasp the concepts.

    The book is full of practical insights into financial behavior.

LinkedIn · Peter Opiyo · 2023-05-15
transformative 4.50

The book challenges readers to rethink their relationship with money and question their financial goals and motivations. It offers a fresh perspective on personal finance that goes beyond technical aspects.

Peter Opiyo found the book to be a transformative read that challenged his own relationship with money. He appreciated the way the book encouraged readers to ask deeper questions about their financial goals and motivations. The reviewer noted that the book is not just about making money but also about understanding the emotional and psychological aspects of wealth and happiness. The writing style is engaging and makes complex ideas accessible to a broader audience. The reviewer also appreciated the practical advice and insights that the book offers, making it a valuable read for anyone looking to improve their financial well-being.

Quick quotes

    This book challenged me to rethink my own relationship with money.

    It made me ask: Am I chasing numbers, or am I building freedom?

    Am I saving...

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