This Book Will Change Everything You Think You Know About Money
What if everything you thought you knew about money was wrong?
Chances are, it is.
Your relationship with money is shaped by a number of factors that you have very little control over. Your ability to save money, for example, has as much to do with your habits as it does the subconscious beliefs you picked up from your parents as a kid.
The type of economy you were born into also shapes your overall outlook. Baby Boomers who benefited from the post-war economic boom have a much more optimistic financial outlook than their children and grandchildren.
In his 2020 book The Psychology of Money, Morgan Housel offers an alternative approach to how we think about our finances. He focuses on the frameworks we use to make financial decisions and how those decisions are often made with incomplete information.
This essay will review the key themes from the book. It will offer a new perspective for how you should think about money. Instead of playing a game you’re not designed to win you’d be better off learning to play an entirely new game — your own game.
