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The Psychology of Money

රු 2,090.00

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“The Psychology of Money” by Morgan Housel explores the complex relationship people have with money and how emotional and psychological factors influence financial decisions. It emphasizes that financial success is less about knowledge and more about behavior, mindset, and emotional control.

Key themes include:

  1. Individual Experiences: Everyone has a unique perspective on money shaped by personal experiences, culture, and socioeconomic background.
  2. Long-Term Thinking: Financial success often requires patience and a long-term mindset, as compounding plays a significant role.
  3. Risk and Uncertainty: Understanding that risk is inherent in investing and that not all financial decisions can lead to clear outcomes.
  4. Wealth vs. Richness: Being wealthy is often about what you don’t see; it’s about savings and long-term financial planning rather than flashy spending.
  5. Behavior over Knowledge: The book underscores the importance of behavior, highlighting that poor decisions often stem from emotions rather than logical thinking.

Overall, Housel encourages readers to understand their own money biases and to cultivate a healthy relationship with finance that aligns with their values and goals.

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Description

The Psychology of Money-Timeless Lessons on Wealth, Greed, and Happiness

By Morgan Housel

**OVER 7 MILLION COPIES SOLD AROUND THE WORLD… The Psychology of Money is the original bestselling classic from the author of the new book, Same as Ever.**

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 different ways people think about money and teaches you how to make better sense of one of life’s most important topics.

The Psychology of Money
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