Description
The Psychology of Money explores the idea that financial success is more about behavior than knowledge. While managing money and making business decisions are often viewed as mathematical processes, human emotions, biases, and personal experiences play a bigger role in how people handle money. Even highly intelligent people can struggle with money because behavior is difficult to teach.
The book highlights how real-world financial decisions are influenced by personal history, ego, pride, and external factors like marketing and incentives. Unlike a spreadsheet, where data drives decisions, people make money choices in everyday settings like dinner tables or meetings, where emotions and perspectives are mixed together.
Through 19 short stories, the author uncovers the surprising ways people think about money. He provides practical insights into managing wealth, understanding greed, and finding happiness. The book teaches readers how to make better financial decisions by recognizing and managing their emotional and psychological responses to money.
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