The Psychology of Money by Morgan Housel is an essential book for several reasons. First, it highlights the importance of understanding our own biases and behaviours when it comes to money. The book provides numerous examples of how our psychology can impact our financial decisions and offers insights into recognizing and overcoming these biases.

It challenges conventional wisdom about investing and wealth accumulation. The book argues that simple and consistent strategies, such as saving regularly and avoiding high fees, are often more effective than trying to time the market or pick individual stocks.

It emphasizes the role of patience and long-term thinking in building wealth. The book stresses that successful investing is a marathon, not a sprint, and that time is the most critical factor in achieving financial success.

It offers practical advice on how to manage money and invest wisely. The book has real-world examples and anecdotes that make complex financial concepts accessible to readers.

Overall, The Psychology of Money is essential because it helps readers understand the psychological and emotional factors that can influence financial decisions and offers practical guidance on making sound financial choices.

INTRO
Morgan Housel kicks us off with what makes a good investor
Behaviour vs Intelligence (3m40)

RETHINKING MONEY
Swedish Investor, with the help of Warren Buffett, breaks down why we need to shift our mindset around money
Never enough (3m01)

ESSENTIAL RULES
Morgan breaks down his rules for his finance
Have guidelines, not rules (2m17)

Productivity Game brings to life an idea about money that many of us fail to grasp: stop putting off your management of wealth
Compounding starts now (3m47)

OUTRO
Morgan closes the show with an insight into how focus can bring independence.
What is your goal (3m53)

Thanks to our monthly supporters

Dick
Edward Rehfeldt III
孤鸿月影
Fabian
Jasper Verkaart
Margy
Diana Bastianelli
Andy Pilara
ola
Fred Fox
Austin Hammatt
Zachary Phillips
Antonio Candia
Mike Leigh Cooper
Daniela Wedemeier
Corey LaMonica
Smitty
Laura KE
Denise findlay
Krzysztof
Diana Bastianelli
Roar Nikolay Ytre-Eide
Stef
Roger von Holdt
Jette Haswell
Marco Silva
venkata reddy
Dirk Breitsameter
Ingram Casey
Nicoara Talpes
rahul grover
Evert van de Plassche
Ravi Govender
Craig Lindsay
Steve Woollard
Lasse Brurok
Deborah Spahr
Barbara
Samoela
Christian
Jo Hatchard
Kalman Cseh
Berg De Bleecker
Paul Acquaah
MrBonjour
Sid
Liza Goetz
Konnor Ah kuoi
Dietmar Baur
Nils Weigelt
Bob Nolley

★ Support this podcast on Patreon ★

Timeless Lessons on Wealth, Greed, and Happiness with Morgan Housel

Moonshots Podcast: Superstar mindsets and success habits