Penny · Money & Wealth Mindset
The Psychology of Money
by Morgan Housel
Three key ideas
- Money choices come from experience and circumstances, not just formulas.
- Spending shows what was spent, not what a person still has.
- Define enough for yourself so comparison does not keep moving the target.
The five 2-minute lessons
- 1.Money has a personal context
- 2.Visible richness, hidden wealth
- 3.Time helps only if you survive
- 4.Leave room for error
- 5.A plan you can actually live with
From the comic
I wanted their wheelbarrow. I have no wheelbarrow duties.
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