This Psychology of Money summary will show you, not only what this personal finance best-seller is all about, but also how to implement these mental models into your life!
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☝️ Smash that LIKE button... if you want improve your finances 👍👍
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When it comes to finances and money in general, we are taught about it a lot more like a hard science (with formulas and rules) and a lot less like psychology - with certain amount of flexibility. And that is a problem because the financial world is not set in stone. While gravity is the same for all of us, how we see money, how we interact with it, base our lives around it and think about it - varies GREATLY from person to person. So let's talk psychology and transform your mindset!
Morgan Housel shares his best personal finance tactics, mental models and advice on success in his best-seller "The Psychology of Money: Timeless lessons on wealth, greed, and happiness". With the help of this video summary, in just a few minutes, you'll be able to understand what this book is about and how to implement these ideas in your finances, today. Not to mention, the video is completely FREE, while you'll have to spend a few bucks to get your own copy of the Psychology of Money book ;)
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The best course of action is the this - watch this Psychology of Money animated summary and learn about how to think about money. Apply these tactics to your life and to your finances. If you are happy with the results (as you most likely will be), head over to Amazon or to your favorite bookstore and get yourself a copy of Housel's actual book. This way you dig deeper into these teachings only once you have proven they can work for YOU. There are no cookie cutter solutions, there is only things that work or don't work FOR YOU!
This Psychology of Money book summary gives you, not only what the book is about, but how to actually apply it. Because, let's be honest, you can read the book, or listen to the Psychology of Money audiobook... BUT unless you start applying what you've learned, nothing will change in your personal and professional life (isn't that always the case?!)
Watch this animated summary, take action, apply the tactics to your life and you'll see dramatic results. I had the intention initially to do a Psychology of Money summary PDF, but honestly, an animated video review is so much more fun to create, and consume. Plus, this summary will give you a more wholesome understanding of the book, instead of breaking it down by Chapter 1, Chapter 2, Chapter 3 and so on. Think of this video as the best Psychology of Money key points, lessons and examples - explained in an an animated format :)
Understanding Housel's advice putting it to work has never been easier - it only takes 8 minutes.
As always, post your comments and questions below. Smash that LIKE button and let me know what book you'd want me to summarize and review next.
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★☆★ TIMESTAMPS ★☆★
0:00 The Millionaire Janitor
1:28 Takeaway 1 - No one's crazy
2:23 Takeaway 2 - Be reasonable, not rational
3:24 Takeaway 3 - Never enough
4:27 Takeaway 4 - Getting Wealthy vs Staying Wealthy
4:49 Be Financially Unbreakable
5:10 Leave Room For Error
5:29 Sensible Optimism
5:51 Takeaway 5 - Tails, you win
6:42 Takeaway 6 - Save money
7:10 Takeaway 7 - You Will Change
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