The Psychology of Money
The Psychology of Money
Lessons learned
Everyone's money decisions make sense from inside their own experience. The guy who hoards cash lived through a crash I didn't. That changed how I talk to clients and family about money.
Outcomes are driven by forces outside anyone's control more than we admit. Be careful who I copy and careful who I judge.
The hardest financial skill is getting the goalpost to stop moving. Hormozi says it one way, Housel says it quieter, and I needed both.
Buffett's net worth came mostly after 65. The whole game is staying in it long enough for the math to work.
Savings that aren't earmarked for anything are what buy flexibility, and flexibility is worth more than returns.
Who should read it
Anyone with a paycheck. It's short, it has no formulas, and it fixed more of my money behavior than anything with charts.
