The Psychology of Money

by Morgan Housel
The Psychology of Money cover
Good Books rating 4.05
Psychology and Human Behavior
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Waterstones
Paperback • £16.99
Amazon
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  • ID: 2653
  • Added: 2025-10-16
  • Updated: 2025-10-21
  • 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 what you know. Instead, it delves into the behavioral aspects that often dictate our money decisions. The book shares 19 engaging stories that highlight the unique and sometimes irrational ways people think about money, offering valuable lessons on how to make better financial choices in the real world. /n/n Housel emphasizes that money decisions are rarely made on spreadsheets but are influenced by personal history, emotions, and external factors. By understanding these psychological nuances, readers can gain a deeper appreciation of money's role in life and improve their financial decision-making processes.

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.

Noah Kagan · Noah Kagan · 2022-11-11
insightful 4.50

The book offers timeless lessons on wealth and happiness, making it a must-read. The key takeaways are insightful and applicable to everyday life.

Noah Kagan highly recommends this book, stating that it should be required reading for everyone. The lessons shared by Morgan Housel are timeless and provide a unique perspective on wealth and happiness. Kagan finds the book's insights to be incredibly valuable, offering practical advice that can be applied to personal finance and life in general. The stories and anecdotes make the book engaging and thought-provoking, leaving a lasting impact on the reader.

Quick quotes

    Some books should be required reading, and The Psychology of Money by Morgan Housel is one of them.

    These are my key takeaways from the book.

    The lessons shared by Morgan Housel are timeless and provide a unique perspective on wealth and happiness.

Reddit · 2021-12-15
good 3.50

The book emphasizes the importance of luck in financial success and advises against judging others based on their spending habits. The reviewer found it to be a good read with valuable lessons.

This Reddit user found 'The Psychology of Money' to be a good book that highlights the often-overlooked role of luck in financial success. They particularly appreciated the advice not to judge people based on how they spend their money, finding it a refreshing perspective. The reviewer enjoyed the book's practical insights and thought it was a valuable read for anyone interested in personal finance.

Quick quotes

    This is really a good book.

    It also says there never ever underestimate the power of luck.

    Try not to judge people based on how they spend.

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