Book Summary
The Psychology of Money
By Morgan Housel
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The book “The Psychology of Money” by Morgan Housel was published in the UK on 2020. She observed the flaws, biases, and causes of bad behaviour affecting people when dealing with money.
This book is about understanding the attitudes towards money in saving, investing and spending. It shows that soft skills is more important than math with money. It teaches me how to behave toward money such as having enough, take time rather in a rush, and compounding. Using money can controls your time and offers options, so we have flexibility and independence. While the definition of Wealthy is Respect and admiration - Kindness, humility and empathy are the value that we have to keep money through wealth. In terms of Compounding, it offers the choice to get money through time by considering give a plan years to grow, don’t screwed up through time and endurance. Compounding is not just for saving, but also for relationship and career. Final words, Don’t attach and expect to something to get happiness.
“The wise old owl lived in an oak, the more he saw the less he spoke. The less he spoke, the more he heard.”
