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Customer reviews

4.6 out of 5 stars
4.6 out of 5
45,161 global ratings
5 star
70%
4 star
21%
3 star
5%
2 star
1%
1 star
2%
The Psychology of Money

The Psychology of Money

byMorgan Housel
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Top positive review

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Raghu
5.0 out of 5 starsAmazing book full of great and novel explanations about money, finances, economy, investing etc.
Reviewed in India ๐Ÿ‡ฎ๐Ÿ‡ณ on 28 January 2023
Awesome book! Rarely do I give 5 star for a book, this book deserves it even more. The Author opens your mind to new ideas, concepts and gives a fresh perspective about Money, Economy, Finances, Investments, Savings etc. Must read for anyone from teens to seniors. I wish I had this kind of book in my youth. Would have helped a lot in shaping my financial life.
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One person found this helpful

Top critical review

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Sanjay Mohanty
3.0 out of 5 starsThe psychology of money
Reviewed in India ๐Ÿ‡ฎ๐Ÿ‡ณ on 21 January 2023
The Psychology of Money" by Morgan Housel is a thought-provoking and insightful book that delves into the complex relationship between money and our emotions, beliefs, and behaviors. The author uses a combination of personal anecdotes, historical examples, and research findings to explore the psychological factors that shape our attitudes towards money and how those attitudes can affect our financial decisions. One of the key themes of the book is the importance of perspective and context in understanding our relationship with money. Housel argues that our perceptions of money are heavily influenced by the experiences and influences of those around us, and that a lack of perspective can lead to poor financial decisions. He also highlights the role of luck and chance in shaping our financial outcomes, and the importance of recognizing that success and failure are often the result of factors outside of our control.

The book also explores the role of emotions in financial decision-making, and how our emotions can lead us to make choices that are not in our best interest. Housel argues that our emotional responses to money are often irrational and that we need to be aware of these emotions in order to make better financial decisions. Having studied behavioural economics in university and the works of Thaler and Kahneman I found this section particularly interesting.

Another theme of the book is the importance of patience and long-term thinking in managing our money. Housel emphasizes the importance of setting financial goals, and the importance of staying the course in order to achieve them. He also stresses the importance of avoiding impulsive decisions and focusing on the long-term effects of financial decisions.

Overall, "The Psychology of Money" is a well-written and engaging book that provides a thoughtful and nuanced perspective on the relationship between money and our emotions, beliefs, and behaviors. The author's use of personal anecdotes and historical examples makes the book highly relatable and accessible to a wide audience. The book is recommended for anyone interested in understanding the psychological factors that shape our attitudes towards money and how those attitudes can affect our financial decisions.
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One person found this helpful

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From India

Raghu
5.0 out of 5 stars Amazing book full of great and novel explanations about money, finances, economy, investing etc.
Reviewed in India ๐Ÿ‡ฎ๐Ÿ‡ณ on 28 January 2023
Verified Purchase
Awesome book! Rarely do I give 5 star for a book, this book deserves it even more. The Author opens your mind to new ideas, concepts and gives a fresh perspective about Money, Economy, Finances, Investments, Savings etc. Must read for anyone from teens to seniors. I wish I had this kind of book in my youth. Would have helped a lot in shaping my financial life.
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Amazon Customer
4.0 out of 5 stars wealth VS rich VS poor, insight in compounding, the importance of staying in the game.
Reviewed in India ๐Ÿ‡ฎ๐Ÿ‡ณ on 28 January 2023
Verified Purchase
This is a good read for everyone. Shows the importance of savings and investment. Points out how money influences the emotions and impatience. I like the illusion of portraying the outlook, wealth VS rich VS poor. Overall good read providing insight in compounding, the importance of staying in the game and the savings. There are few views that one may differ. But, overall good read.
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Suman
4.0 out of 5 stars Ok ok ok
Reviewed in India ๐Ÿ‡ฎ๐Ÿ‡ณ on 1 February 2023
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Ok ok ok ok ok
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sajith
5.0 out of 5 stars plan your financial independence
Reviewed in India ๐Ÿ‡ฎ๐Ÿ‡ณ on 2 February 2023
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This is the beat book on financial management I have ever seen.if your planning your journey of financial independence then its a must read book for 2023.
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Mohd saqib
4.0 out of 5 stars Don't buy the paperback version of this book.
Reviewed in India ๐Ÿ‡ฎ๐Ÿ‡ณ on 21 January 2023
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The cover of the book is good. The page quality is decent, but printing is cheap.
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Ashish
5.0 out of 5 stars Back to basics. Save even if you don't need to.
Reviewed in India ๐Ÿ‡ฎ๐Ÿ‡ณ on 24 January 2023
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Stick to index funds. Well explained the basics of how investing should work. Remove all noise and stick to basic 60:40 formula.
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Kaiwalya Patil
5.0 out of 5 stars Must read for everyone.
Reviewed in India ๐Ÿ‡ฎ๐Ÿ‡ณ on 2 February 2023
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This book mentions the reasons behind the things we do knowingly and unknowingly. Highly recommended read for all the age groups.
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Navi
4.0 out of 5 stars Good book
Reviewed in India ๐Ÿ‡ฎ๐Ÿ‡ณ on 25 January 2023
Verified Purchase
Good book but corner was folded Maybe in shioment other was good
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jerin george
5.0 out of 5 stars Must read book
Reviewed in India ๐Ÿ‡ฎ๐Ÿ‡ณ on 2 February 2023
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How a person would behave with and without money
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Damil asif
5.0 out of 5 stars AWESOME BOOK MUST HAVE
Reviewed in India ๐Ÿ‡ฎ๐Ÿ‡ณ on 16 January 2023
Verified Purchase
this is what we call proper packaging 100% condition with bubble rap love it.. and yeah the psychology of money itโ€™s an amazing book itโ€™s a must have in ur collection i bought the hardcover deluxe edition..
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Damil asif
5.0 out of 5 stars AWESOME BOOK MUST HAVE
Reviewed in India ๐Ÿ‡ฎ๐Ÿ‡ณ on 16 January 2023
this is what we call proper packaging 100% condition with bubble rap love it.. and yeah the psychology of money itโ€™s an amazing book itโ€™s a must have in ur collection i bought the hardcover deluxe edition..
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