The Psychology of Money


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(10 customer reviews)

10 in stock

The Psychology of Money $200.00

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Additional information

Dimensions 25.4 × 4.7 cm
Publisher ‏

‎ Jaico Publishing House (1 September 2020); Jaico Publishing House, JA-1, Jash Chambers, Off Sir Phirozshah Mehtra Road, Fort, Mumbai, Maharashtra 400023 Phone

Language ‏

‎ English

Paperback ‏

‎ 252 pages

ISBN-10 ‏

‎ 9390166268

ISBN-13 ‏

‎ 978-9390166268

Reading age ‏

‎ Customer suggested age

Item Weight ‏

‎ 229 g

Dimensions ‏

‎ 20.3 x 25.4 x 4.7 cm

Country of Origin ‏

‎ India

Importer ‏

‎ Jaico Publishing House, JA-1, Jash Chambers, Off Sir Phirozshah Mehtra Road, Fort, Mumbai, Maharashtra 400023 Phone

Packer ‏

‎ Jaico Publishing House, JA-1, Jash Chambers, Off Sir Phirozshah Mehtra Road, Fort, Mumbai, Maharashtra 400023 Phone

Generic Name ‏

‎ Paperback Book

10 reviews for The Psychology of Money

  1. Aritra Sarkar

    A good read on how to manage money4.5 Stars. A curveball by Morgan Housel. With a twist in the middle, this book opened certain viewpoints that changed my financial conceptions.Being from a third world country, My views regarding money were very much different.Still,money is a subject which every person in this world sees as an object of wealth, greed & happiness. Hard work & dedication is one of the main principles to it.What you get is how you think of it.Here are some aspects I searched out to be useful and actionable :> It’s never as good or bad as it seems in finance. Going out of your way to find Humility when things seem right and Forgiveness/Compassion when things go wrong is the way to find peace with money.Respecting the power of money mixed with luck and risk will help you focus on the things that you can control.To be honest -> I am still to find it, I take calculated steps to find peace with my money. I am a bit whimsical when it comes to money. Need to control my urges> Saving money is the gap b/w your ego and your income. Wealth is something created by suppressing the urge to buy now; so as to have more stuff in future.‘No matter how much you earn today, it won’t create wealth unless you discard the thought of how much fun you can have with your money today.’Save, just save. You don’t need to a specific reason.> Manage your money in a way that helps you sleep at night. It is different for different people. Some won’t sleep until they see higher returns on their money; for others it may be investing conservatively. To each their own.> For every investor, the single most powerful thing is to increase the time horizon. It pushes results closer to what people deserve. We can be wrong half the time, and yet make a fortune. It’s OK to be have lots of things wrong, you’re human. Chillax.> Using money to gain control over your time & the ability to do that gives you independence. What you want, when you want, how you want, with who you want, for as long as you want to, pays the highest dividend in money matters.> Being nicer & less flashy with money helps infinitely. No one else’s as much impressed of your possessions as you are. What you most Want is Respect & Admiration, which can ONLY be achieved by Kindness & Humility, not horsepower and chrome.> Defining the cost of success & paying it is obvious coz nothing worthwhile comes free. Uncertainty, doubt & regret are common costs of money world. We must view costs as fees, not fines. Getting one thing for another is a way of life in finance.> Worship room for error is a conservative hedge that gives us endurance. It happens by the gap b/w what could happen in future versus what you think that should happen in future. Incentives are huge motivators in life. So, try to get more out of life.> Avoid extreme ends of financial decisions at all costs helps us get over a feeling of regret as we evolve. All our goals & desires change over time.In our childhood & youth, we crave to consume.In our adulthood, we crave to consume and provide.In our retirement zone, we try to consume again.Consumption and Creation are parts of life.Minimize the wastage of money.> Conservative risks taking help us, it pays off in time. Being reasonable, not overly rational, helps the most in our financial decisions. They are mostly taken, not in boardrooms or on spreadsheets, but at the dining table, with family.> Define the game you are playing & make sure your actions are not being influenced by others who’re playing a different game. Keeping the ball in your court is crucial.Respect the mess coz smart & reasonable people can disagree on your decisions, as they vary in their thought process.

  2. Coeus

    Hmm…A really good book but it’s a little boring half way through.

  3. Neelam

    The Best book to readThis book is a good option for the users who want to read a book about the money . This book’s packaging was quite good . This book was safely delivered to my house . I’m so satisfied with the delivery

  4. Rohit Tiwari

    Good modern financial readGreat explanation about finance in terms of the mental and emotional model, without technical jargon. It’s keep it simple the financial things book

  5. Rahul Dangi

    Good paper qualityPaper quality was very good and cover was also decent in this price.

  6. Espi

    Must read for young guys who want to make it big in lifeI like the presentation of overall idea of investing with examples In the past and detail analysis with examples of what causes failure.I wish to give this book to my young children and young people to understand the necessity of the concept of frugality.Though I like the book very much it didn’t any clear strategies for success in this book which I was looking for. But all thinks said are well said. One must decide for themselves and for their own circumstances.

  7. IDK, just a reviewer

    “The Psychology of Money” – An Insightful and Fascinating ReadIf you’re looking to gain a better understanding of how money works and the psychology behind financial decision-making, then “The Psychology of Money” by Morgan Housel is a must-read. Here’s a breakdown of what you can expect from this book:Real-world stories: The book is filled with interesting and relatable stories that help illustrate the concepts and lessons being discussed. Housel uses examples from everyday life to help readers better understand how our emotions and beliefs influence our financial decisions.A focus on behavior: The book is less about the technical aspects of money and more about the behavioral aspects. Housel explains how our biases, fears, and desires impact the way we handle money, and he provides actionable advice for how to navigate these challenges.Practical advice: While the book is full of fascinating insights and stories, it’s also highly practical. Housel provides concrete advice for how to build wealth over the long-term, how to create a financial plan that works for you, and how to avoid common pitfalls.Overall, “The Psychology of Money” is an insightful and engaging book that will help you gain a deeper understanding of how money works and how you can use this knowledge to improve your financial well-being.

  8. Amazon1


  9. Ayachi

    I wish if I have read this book 20 years ago!!In less than 200 pages Morgan Housel succeeded through several short stories about money and business management to provide learned lessons.The book uses plain English, easy to read and to understand.He exposed many myths and fake assumptions in the business world, especially the dilemma of luck vs. talent.It is fascinating to know for example that Bill Gates studied in the only high-school in the US that by luck had a computer in 1968, one in a million chance.The chapter 19 is like a summary of major ideas but there are some interesting ideas to think about and we may agree or disagree with it:1. “You are one person in a game with 7 billion other people and infinite moving part”, so we underestimate significantly the role of luck and world complexity.2. “Saving is income minus ego” so be careful with your ego spending!3 “Happiness is results minus expectations”, so be careful with your expectations!3. “Individual wealth is what you don’t see, hidden” so big house, fancy car or Instagram photos are spends or debts of Individual, the visible part you see, not their wealth.4. “Customer is always right” and “customers don’t know what they want”, both accepted business wisdom.5. Napoleon’s definition of a military genius was, “The man who can do the average thing when all those around him are going crazy.”

  10. Amazon Customer

    Short and sweetShort and sweet and to the point.Some points I would argue with, such as the medical and pharma model being great. Simply I would say, not a single disease has ever been cured ever and cancer rates have gone from 1 in 4 to 1 in 2.The book is ironically quite pertinent to the Covid plandemic and Housel highlights how the world is often run by a few psychotic individuals such as Hitler. Today we have Gates and co.Chapters are short and concise which stops you losing interest.

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