The Psychology of Money
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Morgan Housel

The Psychology of Money

Timeless lessons on wealth, greed, and happiness

Language: English

Votes levels
A1 (Beginner)
178
A2 (Elementary)
16
B1 (Intermediate)
17
B2 (Upper-Intermediate)
17
C1 (Advanced)
2
C2 (Proficiency)
1

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Beginner (A1)
Can understand and use familiar everyday expressions and very basic phrases aimed at the satisfaction of needs of a concrete type. Can introduce him/herself and others and can ask and answer questions about personal details such as where he/she lives, people he/she knows and things he/she has. Can interact in a simple way provided the other person talks slowly and clearly and is prepared to help.
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Words used in the book
Wealth
Investment
Risk
Psychology
Behavior
Greed
Fear
Habits
Happiness
Money
Success
Financial
Markets
Decision
Security
Savings
Spending
Debt
Culture
Opportunity
Inequality
Investment
Lifestyle
Psychology
Income
Mindset
Rationality
Perception

Description

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.

Enjoy reading! If not, change the book, there are thousands ...

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