Looking for Morgan Housel quotes from Psychology of Money, you’re on the right page as we’ve pulled up the best collection of Psychology of Money Quotes to learn basic principles about personal finance, investments, and money.
The Psychology of Money is one of those books that lay the fundamentals required for financing and saving your bucks without pushing with a lot of technical terms. It is a simple book that will help you to understand Money―investing, personal finance, and business decisions.
Read more: 5 Must-Read Books To Understand Human Psychology
In this book, Morgan Housel beautifully communicates the idea of saving money that every youngster should know.
To grasp why people bury themselves in debt you don’t need to study interest rates; you need to study the history of greed, insecurity, and optimism.
There are many things never worth risking, no matter the potential gain.
Spending money to show people how much money you have is the fastest way to have less money.
Everyone plays the game of investment differently. You need to define your game.
Doing well with money has little to do with how smart you are and a lot to do with how you behave.
Independence, to me, doesn’t mean you’ll stop working. It means you only do the work you like with people you like at the times you want for as long as you want.
Saving is the gap between your ego and your income.
We all think we know how the world works. But we’ve all only experienced a tiny sliver of it.
Getting money is one thing. Keeping it is another.
Things that have never happened before happen all the time.
Using your money to buy time and options has a lifestyle benefit few luxury goods can compete with.
Money’s greatest intrinsic value—and this can’t be overstated—is its ability to give you control over your time.
Be nicer and less flashy. No one is impressed with your possessions as much as you are. You might think you want a fancy car or a nice watch. But what you probably want is respect and admiration. And you’re more likely to gain those things through kindness and humility than horsepower and chrome.
You can be wrong half the time and still make a fortune.
Luck and risk are siblings. They are both the reality that every outcome in life is guided by forces other than individual effort.
If you give luck and risk their proper respect, you realize that when judging people’s financial success—both your own and others’—it’s never as good or as bad as it seems.
Controlling your time is the highest dividend money pays.
Planning is important, but the most important part of every plan is to plan on the plan not going according to plan.
Good investing is not necessarily about making good decisions. It’s about consistently not screwing up.
Progress happens too slowly to notice, but setbacks happen too quickly to ignore.
There are a million ways to get wealthy and plenty of books on how to do so. But there’s only one way to stay wealthy: some combination of frugality and paranoia.
