Insights into Wealth Psychology: 'The Psychology of Money' Review
Explore Key Insights from 'The Psychology of Money' Analysis
Exploring the psychology behind money, 'The Psychology of Money' offers insightful anecdotes, practicaladvice, and valuable lessons on wealth accumulation. It emphasizes understanding biases, embracing simplicity, and navigating personal finance with confidence. While some found the book repetitive or lacking in practicaladvice, others appreciated its thought-provoking nature and focus on mindset. The book encourages readers to rethink financial strategies, avoid pitfalls of greed, impatience, and fear, and seek a common-sense approach to wealth. Overall, it provides solid financial guardrails to happiness through engaging stories and valuable insights.
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In 2019 I accomplished the goal of becoming a millionaire. In 2022 I retired at 60. I recently bought this book and already on a second read. Why? This book is not how to invest but a guide on how to avoid the pitfalls of greed, impatience and fear that come from investing in a most volatile market. I can move forward and continue to invest and retire with confidence. Some amazing stories from big name investors and some not so known highlight the different topics discussed in each chapter (I c...
Sentiment
Positive
Content
Money Mindset and Psychology
Jun 27, 2024
Great book!
"The Psychology of Money" by Morgan Housel is a profound exploration of how our emotions and behaviors influence our financial decisions. Through insightful anecdotes and clear explanations, Housel navigates the complexities of money management with wisdom and humility. He emphasizes the importance of understanding our own biases and embracing simplicity in financial planning, offering practical advice that resonates with both novice investors and seasoned professionals alike. This book goes be...
Sentiment
Positive
Content
Money Mindset and Psychology
Jun 27, 2024
Not up to date with Fed death
Morgan does a decent job but doesn't understand what is occurring in the Fed, death of the dollar. He won't investigate the Fed and its relation to the dollar inside of its eventual death. He doesn't investigate the nature of the creation of the Fed (Revelations of the Red Pill or Creature from Jekyll Island) and its insidious nature to the Constitution fabricational changes that occurred in 1871. He doesn't understand the bankruptcy effect we are living thru since 2020. Wish he would but what ...
Sentiment
None
Content
Criticism of Author's Perspectives on Wealth
Jun 27, 2024
Great Read
Mindset, mindset, mindset!! This book has a lot of great information to get your money mindset right. This isn't about strategies, because they differ from person to person, but we can all use some mindset adjusting. A must read!
Sentiment
Positive
Content
Money Mindset and Psychology
Jun 26, 2024
Helpful advice regardless of where you are on your financial journey!
This book makes you think and helps you see past the motivations we all have ingrained in us since childhood. It also helps you to gain perspective and not judge others so quickly for their "crazy" behaviors. My son recommended this book and I have been recommending it to everyone I know!
Sentiment
Positive
Content
Money Mindset and Psychology
Jun 26, 2024
Great financial book that's grounded on happiness
Insightful, thought provoking and soild financial guardrails to happiness. All the stories in the book are worth keeping in mind as one traverses along his path to happiness.
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