The Psychology of Money: Timeless Lessons on Wealth, Greed and Happiness by Morgan Housel

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The Human Side of Money: Psychology Over Math in Financial Success

Dive deep into the psychology of money with us as we explore stories of financial success and failure that challenge conventional wisdom. We dissect the behaviors, habits, and mindsets that often determine our financial outcomes more than intelligence or complex mathematics. Hear about the contrasting journeys of a high-earning executive and a modest janitor, and understand the critical role of behavior, luck, and personal history in shaping our financial lives. Gain insights on why saving, humility, and the pursuit of control over your time might matter more than the pursuit of wealth itself. This episode offers a fresh perspective on managing money—emphasizing human nature over financial engineering.

00:00 Introduction: The Human Side of Money
00:58 Executive vs. Janitor: A Tale of Financial Behavior
03:28 Psychology of Money: Emotions and Biases
07:01 Luck, Risk, and Financial Outcomes
09:11 Defining 'Enough': The Danger of Chasing More
11:20 True Wealth: Control Over Time
20:36 Behavior Over Brains: Key Takeaways
23:56 Conclusion: Building Financial Resilience