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The Psychology of Money

2020

  • money
  • consumption (economics)
  • quality of life
  • attitude change
  • accounting
  • ethics
  • self-help techniques
  • psychology
  • finance
  • personal

The story

Timeless lessons on wealth, greed, and happiness 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. How to manage money, invest it, and make business decisions are typically considered to involve a lot of mathematical calculations, where data and formulae 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 unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. In the psychology of money, the author 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 matters.

What it’s like

Clean, unhurried prose with a conversational register, short self-contained vignettes that each land on one idea before moving to the next, so it reads easily in small sittings. Its vibe is warm, wry, and quietly reassuring: part kitchen-table conversation, part gentle reckoning with ego and luck. It suits a slow Sunday with coffee, a commute where you can dip in and out, or a late-evening wind-down when you want to think without being lectured. The tone is patient and humane rather than alarmist, with anecdotes about families, first jobs, market crashes and inherited habits doing most of the work, and the arc moves from the tangle of personal history and emotion around money toward a calmer, more forgiving sense of what enough looks like. Nothing is graphic or frightening; the only sting is the mild embarrassment of recognising yourself in a story. Written for readers who feel intimidated by spreadsheets and want to understand why they, and the people around them, behave the way they do with cash, and who would rather be nudged toward a steadier mindset than handed a rigid rulebook.

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