Psychology of Money Part 1

"The Psychology of Money" by Morgan Housel explores how emotions, biases, and personal experiences shape financial decisions more than intelligence or technical expertise. The book emphasizes that wealth is less about how much you earn and more about how you manage, save, and invest over time. Housel highlights that luck and risk play a significant role in financial success, and people should focus on **long-term thinking** rather than chasing high returns. He stresses the importance of knowing when you have "enough" to avoid greed-driven mistakes. The ability to save consistently and plan for uncertainties is more valuable than seeking the best investments. Money, at its core, provides the greatest freedom—control over one's time and choices. The book argues that financial success is heavily influenced by psychological factors, and understanding one's behavior with money is crucial for long-term stability. #money #psychology #knowledge