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Publisher's Summary

Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people.

Money - investing, personal finance, and business decisions - is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don’t make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together.  

In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life’s most important topics.

©2020 Harriman House (P)2020 Harriman House

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What listeners say about The Psychology of Money

Average Customer Ratings
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  • Overall
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    5 out of 5 stars

Unmissable !

I only wish I had read this book two decades before...though that would still not guarantee a different outcome for men than they are destined to !! Nonetheless, this book captures the essence of investment , returns, savings ; most of the important things that encapsulates the understanding of money - not how you earn it, but how to value , preserve and grow your money. Excellent narratives to help one learn to strike a balance between getting wealthier and making the most of what life has to offer. Superb read...Extremely relevant in current times and highly recommended for everyone.

16 people found this helpful

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Excellent Book & Excellent Performance

Thank you audible for getting this book here. Great performance by Chris Hill and lovely book by Morgan Housel. The more I read the less I know.

6 people found this helpful

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Fabulous a must read or listen to book

what a fabulous book I have rarely come across any book which has been able to explain complex logics in such a simple manner, a must read or hear it on audible.

4 people found this helpful

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great book

loved it completely, a good book and a must read for all those investing in stocks

4 people found this helpful

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No complicated jargons

This book puts in words the thoughts which you already have and makes you think on it. I appreciate the author for doing a great job. Recommend this book for everyone who is running behind money as it makes you understand as to why we are running.

3 people found this helpful

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nice read

you must read this book. I recommend this book if you are interested in money. this book will be as famous as rich dad poor dad.

2 people found this helpful

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Outstanding book!

By far the best book I read in 2020...packed with insights brought out in such a common-sensical way!

2 people found this helpful

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The Best Book on Finance

I have been following stock markets for last 16 years. This book has summarised all my learning across market cycles. Must read for novice and experienced investors.

2 people found this helpful

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Good read.

Great insights and a practical suggestions, narrated well. Good read for anyone expecting miracles in a rush.

1 person found this helpful

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One of the most wonderful reads

This book gives you altogether a different perspective of looking at your surroundings an 'I am Ok, You are Ok' perspective of economic judgement and peer comparison... Unparallel Thoughts

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  • Brian Sachetta
  • 28-09-20

Really interesting and fun take on money

Let’s face it — money is a complex and, at times, bewildering subject. There’s so much contradictory information out there. It can be quite overwhelming to hear all of that info and try to make sense of it, based on our own situations. Rather than try to provide another set of so-called “can’t lose” strategies for managing money, here, Housel seeks to show readers that success with money is a soft skill filled with lots of nuances. Though that may sound daunting at first, I can assure you he doesn’t just leave readers out to dry. No, instead, he provides countless new ways of thinking about money that allow readers to see their financial situations in new lights. Sure, that may also sound a bit nebulous on the surface, but trust me — it will all make sense if/when you pick this one up. Some of those new ways of looking at money include ideas such as: different people’s life experiences lead to vastly different views about money; the hardest financial skill to acquire is to learn to stop moving the goalposts and eventually become content with what we have; and protecting the downside is probably the most important thing when it comes to managing money properly. Housel applies these somewhat abstract concepts through the use of countless stories and examples, which makes the digestion of them so much more straightforward. In the end, we’re left with a core set of principles for managing our money moving forward. And, spoiler alert, so much of that managing boils down to effective financial psychology — the very subject of the title of this book. I think most readers will enjoy it quite thoroughly, and, as such, I recommend it highly. -Brian Sachetta Author of “Get Out of Your Head”

6 people found this helpful

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  • Dan
  • 05-10-20

The philosophy of money

This book really should be called the philosophy of money. Some good bits of info, more like fun facts than anything else, but overall I didn't feel like I got a lot of value from the book.

5 people found this helpful

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  • jlanewell
  • 05-10-20

Thought provoking book about habits about money.

I got this book on audible and listened to the whole thing in one day. This book is a different approach to money. It really is extremely thought provoking. I particularly enjoyed Never enough chapter. This book is written in such away that you are getting stories to help understand the examples in the book. I really enjoyed the content in this book and recommend reading.

4 people found this helpful

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  • Ryan
  • 07-10-20

Must listen!

Great book for all investors, especially new investors! Good pace and narrator was easy to follow

3 people found this helpful

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  • Randall Bricker
  • 04-10-20

Must read for everyone!

Current, timeless and Insightful! I just happened to stumble across the author on Twitter and I’m very glad I did. I now follow and read many of his articles but this book is a must read for all. I have already shared it with all my family and friends including my son studying financial engineering at Cornell. This is the type of book you should earmark to read over again, anytime you need to make a large financial decision. Bravo!

3 people found this helpful

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  • Tony Weber
  • 07-10-20

Very good read..

If someone wants to understand the psychology of money this book is a very good start... Everyone is different and everyone have different wants and needs.

2 people found this helpful

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  • Jake Cohen
  • 03-10-20

Morgan great book!

Thanks for this well thought out book on money. Interesting to hear a different perspective than the constant save more, spend less and think about the ideas behind it.

2 people found this helpful

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  • Barbara
  • 03-10-20

Absolutely loved it

Great perspectives on money, life, and how to get the most out of both without making unnecessary sacrifices. A book I have already read twice and will read again.

2 people found this helpful

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  • Matt Lasher
  • 26-09-20

Outstanding! I’ll be reading again

I’ve read dozens of personal finance books and this is second only to @The simple path to wealth” by JL Collins. Highly recommended

2 people found this helpful

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  • Bianca Alison
  • 25-09-20

Nothing new for an Uber hyped book.

If you have read 21 lessons for the 21 century, Warren Buffet or even Dave Ramsey this book has nothing to offer. The title is magnificent. Except it is. It about the psychology of money at all. It is a book on economics, investing and social behavior but to call it the “psychology” of money is a huge presumption of the material you are abut to read.

2 people found this helpful

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  • Lakshan
  • 31-12-20

Quite disappointing

Nothing new here and not worth the time spent listening. Very US based and does not give insights to other markets.

1 person found this helpful

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  • Marc
  • 06-12-20

Great down to earth lessons

If only this book could be taught in schools today, maybe we would be able to avoid the catastrophic future we now surely face....

1 person found this helpful

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  • Anonymous User
  • 21-01-21

The black swan simplified.

simple, comprehensive and informative book. I will definitely listen to it again and again as it has a lot of wisdom nuggets.

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  • TheNoughtyGraduate
  • 19-01-21

Well worth the listen

I am not sure I would have bought this if it weren’t me hearing that Chris Hall narrates it. Besides that though, Morgan Housel has put together a great book of stories about the psychology of money.

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  • Amazon Customer
  • 17-01-21

Interesting

A great easy listen, I don't know the first thing about investing but it was definitely worth the credit. I liked the story a lot.

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  • fred h
  • 09-01-21

An essential for all

“The Psychology of Money” will change how you perceive money. It’s true quality stems from its ability to be easily understood whatever your knowledge of money. This is a book that is a must for everyone and it provides valuable lessons that should be taught to children at school.

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  • Smith
  • 02-01-21

Nice reality check

Its been interesting to listen to an honest book, that doesn't make the average person feel like they're taking the wrong paths. The answer is simply, choose the right path that suits you and your needs.

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  • michael
  • 18-12-20

thinking outside of the box

enjoyed the journey of this book. it will make you want to change the way you handle your money

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  • paul bridges
  • 11-12-20

mindblown

changed my view on money, how i spend it, save it and invest it.

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    5 out of 5 stars
  • Enrique M
  • 04-12-20

loved it

Full of little gems throughout and thought provoking. this i definitely well worth the money.

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  • Anonymous User
  • 19-09-20

Good Balanced Book

Enjoyed listening the psychology of money. plenty of tips to take away and reinforcement of value of time when investing and living within your means . loved it

2 people found this helpful

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  • Luisa
  • 19-09-20

Best finance book I have ever read

A succinct explanation of the financial and investing world that I can relate to. Thank you. I am going to make my kids listen to this hopefully to learn what I wish I knew in my youth.

2 people found this helpful

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  • Anonymous User
  • 30-09-20

WOW! What a book!

Thoroughly enjoyable and imminently quotable. I found myself wishing to pass Morgan’s advice to my daughters along the way. Wisdom in spades throughout. Very highly recommended this.

1 person found this helpful

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  • Anna Le Merle
  • 01-01-21

Helps you to understand one’s money behaviours

I thoroughly enjoyed this book. The storyline and the narrator were excellent. For a topic that may be dry to many people, this one was quite enjoyable and thought provoking. I purchased this book as it was recommended in a subscription I used to be part of (Barefoot Blueprint which is no longer available). This book talks about why certain individuals will buy lotto even though it costs a lot and the success factor of winning is extremely slim. It also talks about how others who have made a lot of money (celebrity singers without naming anyone in particular), spend it all and then blame their business manager for sending them virtually bankrupt. The book highlights the fact that some individuals just don’t have an awareness of how to maximise their money or to save for a rainy day; they lack knowledge. What I most liked in this book is the fact that the author talks about choices being made which allow one to best sleep at night as well as give one some degree of freedom. I particularly liked the chapter on expensive cars and the historic references too. Overall, this book was a great read and I highly recommend it.

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  • Anonymous User
  • 17-12-20

Such a great insight

Loved it. Breaks a subject as complex as money down into simple to understand themes. made me rethink a lot of my own approach to money.

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  • Anonymous User
  • 09-11-20

issues with the audio book

I really like the information in the book about the psychology of money, and I would give a higher rating (4-5 stars). But every time I try to listen to the book now it's not playing for whatever reason. All other audio books run smoothly in my library. Please help in fixing this issue and I will edit my review. Thank you.

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  • Lena
  • 02-11-20

Add to my list of favourite money books

This book is informative, entertaining and very much in line with how people really think about money.

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    5 out of 5 stars
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  • len B
  • 07-10-20

Best investors overview ever.

If you don't understand the parameters of investing this is the book for you.

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  • Anonymous User
  • 07-10-20

For Everyone

I found this book particularly useful in understanding people's views on money and investment strategy from different perspectives that are based on personal experience as well as individual financial goals. It has made me reconsider my own future needs.

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  • saman
  • 06-10-20

Fantastic book

Shares a new perspective and analyses in summary how the world got to the financial position it is in at present