• Psychology of money | Prodcost

  • Nov 4 2024
  • Length: 15 mins
  • Podcast

Psychology of money | Prodcost

Listen for free

View show details

  • Summary

  • The psychology of money is the study of how people think about and behave with money. It's a complex relationship that's influenced by a variety of factors, including personality, past experiences, and biases.

    The book The Psychology of Money by Morgan Housel explores the relationship between money and human behavior. The book's main theme is that how you behave with money is more important than how smart you are. Some of the book's key takeaways include:

    Long-term thinking: The importance of long-term thinking and the compounding effect of investments over time

    Storytelling: How our narratives shape our perception of wealth and success

    Luck and risk: The role of luck in making decisions with a margin of safety

    Optimism and pessimism: The tendency to listen to pessimists more carefully

    Financial success as a soft skill: Financial success is more about how you behave than what you know

    Some other key ideas from the book include:

    Avoiding ruin is often more important than striving for maximum returns

    Wealth is what you don't see

    Having a strong sense of controlling one's life is a more dependable predictor of positive feelings of wellbeing


    Show More Show Less
Show More Show Less
activate_Holiday_promo_in_buybox_DT_T2

What listeners say about Psychology of money | Prodcost

Average customer ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.co.uk reviews

Amazon reviews
No Reviews are Available