The Psychology of Money

The Psychology of Money

2020 • 256 pages

Ratings209

Average rating4.3

15

>Your personal experiences with money make up maybe 0.00000001% of what's happened in the world, but maybe 80% of how you think the world works.

I've highlighted so many things in this book that in order to convey it I'd probably recreate the whole book. It's not a long one. Go read it. You from the future will thank your current self. But here are some of my other favs to give you an idea:

>People who have control over their time tend to be happier in life.

>There is no reason to risk what you have and need for what you don't have and don't need.

>As I write this Warren Buffett's net worth is $84.5 billion. Of that, $84.2 billion was accumulated after his 50th birthday. $81.5 billion came after he qualified for Social Security, in his mid-60s.

>There's only one way to stay wealthy: some combination of frugality and paranoia.

>Humility, kindness, and empathy will bring you more respect than horsepower ever will.

>Savings can be created by spending less. You can spend less if you desire less. You will desire less if you care less about what others think of you.

>“Does this help me sleep at night?” is the best universal guidepost for all financial decisions.

I mean...right? Add it to your to-read. Seriously.

Merged review:

>Your personal experiences with money make up maybe 0.00000001% of what's happened in the world, but maybe 80% of how you think the world works.

I've highlighted so many things in this book that in order to convey it I'd probably recreate the whole book. It's not a long one. Go read it. You from the future will thank your current self. But here are some of my other favs to give you an idea:

>People who have control over their time tend to be happier in life.

>There is no reason to risk what you have and need for what you don't have and don't need.

>As I write this Warren Buffett's net worth is $84.5 billion. Of that, $84.2 billion was accumulated after his 50th birthday. $81.5 billion came after he qualified for Social Security, in his mid-60s.

>There's only one way to stay wealthy: some combination of frugality and paranoia.

>Humility, kindness, and empathy will bring you more respect than horsepower ever will.

>Savings can be created by spending less. You can spend less if you desire less. You will desire less if you care less about what others think of you.

>“Does this help me sleep at night?” is the best universal guidepost for all financial decisions.

I mean...right? Add it to your to-read. Seriously.

Merged review:

>Your personal experiences with money make up maybe 0.00000001% of what's happened in the world, but maybe 80% of how you think the world works.

I've highlighted so many things in this book that in order to convey it I'd probably recreate the whole book. It's not a long one. Go read it. You from the future will thank your current self. But here are some of my other favs to give you an idea:

>People who have control over their time tend to be happier in life.

>There is no reason to risk what you have and need for what you don't have and don't need.

>As I write this Warren Buffett's net worth is $84.5 billion. Of that, $84.2 billion was accumulated after his 50th birthday. $81.5 billion came after he qualified for Social Security, in his mid-60s.

>There's only one way to stay wealthy: some combination of frugality and paranoia.

>Humility, kindness, and empathy will bring you more respect than horsepower ever will.

>Savings can be created by spending less. You can spend less if you desire less. You will desire less if you care less about what others think of you.

>“Does this help me sleep at night?” is the best universal guidepost for all financial decisions.

I mean...right? Add it to your to-read. Seriously.