Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people. Money—investing, personal finance, and business decisions—is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don’t make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life’s most important topics.
This fascinating book examines such diverse and compelling subjects as: money and power, gender differences, morality and tax, the very rich, the poor, lottery and pools winners, how possessions and wealth affect self-image and esteem, why some people become misers and others gamblers, spendthrifts and tycoons, and why some people gain more pleasure from giving away money than from retaining it. Comprehensive and cross-cultural, The Psychology of Money integrates fascinating and scattered literature from many disciplines, and includes the most recent material to date. It will be of interest to psychologists, sociologists, anthropologists and to people interested in business and economics.
The New York Times and Wall Street Journal bestseller! “The Psychology of Wealth is a pertinent and comprehensive overview of the skills and mindset necessary for success. Prosperity can be achieved by anyone, and Dr. Richards shows the way.” —Donald J. Trump “What’s in your head determines what’s in your wallet. Dr. Richards gives you the mental hard-drive upgrade you need to finally achieve the greater prosperity and success you desire.” —Darren Hardy, Publisher, SUCCESS magazine “Dr. Richards shakes up our preconceptions about wealth by examining the psychological aspects of how we relate to money. When you understand the real sources of wealth in your life, you’ll find it much easier to achieve a more prosperous and happy life.” —Jordan E. Goodman, America’s Money Answers Man at MoneyAnswers.com and Author of Master Your Money Type “This might be one of the most important books you’ll ever read. If you feel like your life has been stuck in neutral—or even worse, put in reverse—Dr. Richards will set you on a clear path to success.” —Barnet Bain, Producer, What Dreams May Come About the Book: Why do some people feel a perpetual state of lack and fear about money, while others feel genuinely prosperous, regardless of the size of their bank accounts? Why do some people shudder with dread when it comes to setting financial goals, while others embrace it with enthusiasm and confidence? What makes the difference? Could it be in their relationship with money itself? People who enjoy a healthy relationship with money share common habits and traits. So, how do they think, and what do they do differently? Are these behaviors hardwired in an individual’s psyche, or can they be learned? In this provocative book, psychotherapist Dr. Charles Richards provides unexpected and encouraging answers to these questions. Based on his research and expert interviews, Dr. Richards shows how each of us can develop a thriving relationship with money and create a rich and rewarding life. A t the book’s heart are the stories of people who have faced adversity with courage and created extraordinary lives. Their accounts—along with Dr. Richards’ interviews with finance professors, legislators, entrepreneurs, and mavens of success—pave a path to a brighter future for us all. Today we live in a trying economic environment. Every day, popular financial advisors exhort us to hunker down, play it safe, and protect ourselves from an uncertain future. To the voices who promote fear and doubt, Dr. Richards answers with balance, wisdom, and optimism. The Psychology of Wealth is for anyone interested in succeeding personally or professionally, and in achieving true prosperity. It offers golden steps on the path to a better life.
Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people. Money—investing, personal finance, and business decisions—is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don’t make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life’s most important topics.
This fascinating book examines such diverse and compelling subjects as: money and power, gender differences, morality and tax, the very rich, the poor, lottery and pools winners, how possessions and wealth affect self-image and esteem, why some people become misers and others gamblers, spendthrifts and tycoons, and why some people gain more pleasure from giving away money than from retaining it. Comprehensive and cross-cultural, The Psychology of Money integrates fascinating and scattered literature from many disciplines, and includes the most recent material to date. It will be of interest to psychologists, sociologists, anthropologists and to people interested in business and economics.
This book features the main papers of Günter Schmölders (1903-1991), a pioneer in economic psychology, for the first time in English. Schmölders' research on 'fiscal psychology' is of particular and lasting interest, impacting greatly on continental economics.
EXTENDED SUMMARY: THE PSYCHOLOGY OF MONEY - TIMELESS LESSONS ON WEALTH, GREED, AND HAPPINESS – BASED ON THE BOOK BY MORGAN HOUSEL Are you ready to boost your knowledge about "THE PSYCHOLOGY OF MONEY"? Do you want to quickly and concisely learn the key lessons of this book? Are you ready to process the information of an entire book in just one reading of approximately 20 minutes? Would you like to have a deeper understanding of the techniques and exercises in the original book? Then this book is for you! BOOK CONTENT: Introduction: Understanding the Mindset of Wealth The Role of Luck in Financial Success The High Cost of Financial Misbehavior Time and Compounding: The Most Powerful Forces in Finance The Importance of Saving: A Habit Worth Cultivating Risk and Reward: Navigating the Investment Landscape The Influence of History on Our Financial Choices Scarcity and Fear: Emotional Triggers in Money Management The Power of Stories: How Narratives Shape Financial Decisions The Art of Temperament: Mastering Your Emotional Responses The Difference Between Getting Rich and Staying Rich The Psychology of Debt: A Double-Edged Sword The Role of Generosity: Why Giving Matters Success Beyond the Numbers: Measuring Wealth in Life Satisfaction Conclusion: Practical Insights for a Financially Fulfilling Life
Money. The root of all evil? Arguably. Essential to our lives? Certainly. A main driver of human thought, emotion, and action? Absolutely--and psychology and its related fields are getting closer to understanding its complex role in human behavior and in society. The Psychological Science of Money brings together classic and current findings on the myriad ways money affects brain, mind, and behavior to satisfy not only our needs for material gain, but also for autonomy and self-worth. Leading experts trace the links between early concepts of value and modern symbolic meanings of wealth, in addition to identifying the areas of the human brain that together act as its financial center. This cross-disciplinary analysis helps clarify the neuroscience behind pathological gambling, the critical role of time in financial decisions, and the impact of money on diverse personal activities and interpersonal relationships. Included in the coverage: Materiality, symbol, and complexity in the anthropology of money. The (relative and absolute) subjective value of money. Conscious and unconscious influences of money: two sides of the same coin? A life-course approach to dealing with monetary gains and losses Motivation and cognitive control: beyond monetary incentives. An integrative perspective on the science of getting paid. The psychological science of spending. The unique role of money in society makes The Psychological Science of Money a singularly fascinating resource with a wide audience among social psychologists, industrial and organizational psychologists, economists, sociologists, anthropologists, and public policymakers.
A Brief Synopsis of Morgan Housel's The Psychology of Money: Eternal truths about gain, greed, and contentment. This Concise Overview has been written to assist readers in grasping the fundamentals of the monetary system. Because it doesn't matter how much money you have if you don't act accordingly. This book is for you if you hope to one day retire early without having to work, or if you want to work solely for the sake of it and not worry about money because you have enough. This workbook is for you if you want to learn the ins and outs of the money mind, including why we make poor financial choices and how to avoid them. This book is for you if you wish to gain knowledge in the areas of personal finance, investing, and company management. Morgan Housel, a partner at The Collaborative Fund and two-time winner of the Best in Business Award from the Society of American Business Editors, shares some mind-blowing information you need to develop your financial culture in his book "The Psychology of Money." This information pertains to financial wisdom, greed, wealth creation, financial happiness, and financial peace. Housel believed that financial success could be achieved regardless of academic credentials. What matters is how you act. And it's not easy to instill that kind of conduct in even the most brilliant minds. This Concise for The Psychology of Money distills the most important takeaways from Morgan Housel's The Psychology of Money into bite-sized chunks. We achieved this by include a wide range of learning methods, including concise summaries, lessons, and objectives; detailed bulleted action plans and questions to test knowledge and aid with comprehension; and a wide range of learning styles.
