Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Summary of Morgan Housel's The Psychology of Money
    Summary of Morgan Housel's The Psychology of Money
    Summary of Morgan Housel's The Psychology of Money
    Ebook31 pages17 minutes

    Summary of Morgan Housel's The Psychology of Money

    By IRB Media

    5/5

    ()

    Read preview

    About this ebook

    Get the Summary of Morgan Housel's The Psychology of Money in 20 minutes. Please note: This is a summary & not the original book. Original book introduction: Summary of Morgan Housel's "The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness". Chapter Zoom provides a detailed look at Morgan Housel's popular book "The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness", so you can appreciate the book even more. It contains many tantalizing sections such as 1.) Book Summary Overview 2.) Chapter by Chapter Summaries 3.) Trivia Questions - and much more! Order the paperback and start reading immediately! *Please note: This is an unofficial companion book to Morgan Housel's powerful book "The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness" - it is meant to improve your reading experience and is not the original book. It has not been approved or is affiliated by the original author or publisher of the book.

    LanguageEnglish
    PublisherIRB Media
    Release dateJan 25, 2021
    ISBN9781638150169
    Summary of Morgan Housel's The Psychology of Money
    Author

    IRB Media

    With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

    Read more from Irb Media

    Related to Summary of Morgan Housel's The Psychology of Money

    Related ebooks

    Business For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      It’s Not Always About How Much You Make

      Mar 20, 2021

      EVERYONE has their own money rule that they swear by. My one: “It’s not about how much you make; it’s about how much you keep and where you keep it.” Back in my corporate days, I was highly paid. It was probably a bribe to keep me in the job, as I ha

      3 min read

    • Article

      Think RICH To Get RICH

      Apr 16, 2021

      Think RICH To Get RICH
      4 min read

    • Article

      How To Be An Investment Boss

      Apr 14, 2021

      For me, the fear of losing $50 is far greater than the joy of winning $50. It probably explains why I don’t gamble. Why am I so afraid of losing money? Well, it all comes down to what behavioural economists call loss aversion, when losses loom larger

      4 min read

    • Article

      Investing As A Zillennial: Unleashing The Financial Power Of A Tech-Savvy Generation

      Sep 29, 2023

      I overheard this statement once and I think it’s one of the strangest myths around Zillennials (apart from us needing coffee to cope) – the myth is that we think we’re too young to be investing. Now, if that sounds very familiar and it resonates with

      2 min read

    • Article

      Sow The Seeds Of Wealth

      Jul 31, 2019

      Sow The Seeds Of Wealth
      8 min read

    • Article

      Figure Out Your Investor DNA to Make the Best Financial Decisions for Retirement

      Oct 28, 2020

      A lot of life advice recommends people “play to their strengths.” Well, the same is true when it comes to investing for retirement. Some people are “do-it-yourself” investors, some are “delegators” and others are somewhere in between. I like to call

      3 min read

    • Article

      3 Common Money Myths You Probably Believe

      Apr 3, 2018

      If you want to build your wealth, it's never been easier to learn how to do that, thanks to the Internet. Anyone with an Internet connection can find the answers to just about any question in a matter of seconds. You can teach yourself almost anythin

      4 min read

    • Article

      Take The Personality Test

      Sep 29, 2022

      Take The Personality Test
      4 min read

    • Article

      Getting Women A Fair Share

      Sep 11, 2023

      The latest data from the Retirement Commission shows that women’s KiwiSaver balances (by age 40) are on average 30% less than men’s, so this should be motivation for younger women to take control of their financial futures. Why? For starters, women a

      2 min read

    • Article

      10 Tips For Financially Independent Women

      Aug 5, 2023

      This month, we celebrate Women’s Day in South Africa as well as women increasingly taking charge of their financial futures. For some women, asking about their finances or approaching a financial adviser can still be a daunting task. I like to use th

      3 min read

    • Article

      10 Tips For Financially Independent Women

      Aug 5, 2023

      This month, we celebrate Women’s Day in South Africa as well as women increasingly taking charge of their financial futures. For some women, asking about their finances or approaching a financial adviser can still be a daunting task. I like to use th

      3 min read

    • Article

      10 Tips For Financially Independent Women

      Aug 5, 2023

      This month, we celebrate Women’s Day in South Africa as well as women increasingly taking charge of their financial futures. For some women, asking about their finances or approaching a financial adviser can still be a daunting task. I like to use th

      3 min read

    • Article

      Wealthy & wise

      Apr 30, 2023

      Wealthy & wise
      7 min read

    • Article

      Financial Wellbeing

      Jan 20, 2022

      Financial Wellbeing
      2 min read

    • Article

      Myths That Hold Us Back

      Mar 31, 2021

      I have two teenage sons, both of whom have their driver’s licence and new jobs, which are launching them into a new phase of independence and curiosity about the world. It is an exciting time. As part of this transition, they are learning what it is

      3 min read

    • Article

      Is Your Retirement Plan Completely Backward?

      Jun 26, 2018

      When you are younger and it comes to investing and saving for retirement, what's happening with your investments today or next week isn't as critical as when you are nearing or reach retirement; it's the long-range outcome that counts. Unfortunately,

      2 min read

    Related categories

    Reviews for Summary of Morgan Housel's The Psychology of Money

    5/5

    1 rating0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      Summary of Morgan Housel's The Psychology of Money - IRB Media

      Insights from Chapter 1

      #1

      People’s experiences, their upbringing, their status, and other factors shape their view of the world and how it functions. All experiences and views are different.

      #2

      Some lessons have to be experienced before they can be understood. You can try to understand others’ situations, but you cannot really get it unless you go through it yourself.

      #3

      People should make investment decisions based on their goals and the characteristics of the investment options available to them at the time. However, economists have found that people’s investment decisions are heavily anchored to their experiences in their own generation.

      #4

      People from different backgrounds have different experiences. They see the world differently. They have different ideas about what money is and how it should be used. Opinions on lottery tickets and sweatshops are prime examples of differing views.

      #5

      People who don’t have a lot of money are more likely to buy a lottery ticket than

      Enjoying the preview?
      Page 1 of 1