Why Smart People Fail at Money: The Psychology of Money
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Why Smart People Fail at Money: The Psychology of Money
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About this listen
"Financial success isn't about what you know; it's about how you behave." This video distills the essential wisdom from Morgan Housel's global bestseller, "The Psychology of Money." We explore why your personal history dictates your financial choices, the critical difference between being "rich" and being "wealthy," and how the most powerful force in finance—compounding—is often the most misunderstood.
This isn't a "get rich quick" video. It's a deep dive into the human behaviors, biases, and mental models that truly govern our financial lives. We'll unpack timeless lessons on patience, humility, room for error, and the true meaning of "enough." By the end, you'll have a new framework for thinking about money—not as a math problem, but as a psychology problem.