WHY I CHOSE PSYCHOLOGY OF MONEY BOOK?

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

Author:  Morgan Housel

Publisher:  Harriman House

It is one of the books of psychology more than investing that introduces the fundamental required for investment and saving money without pushing and punishing with a lot of terminology and technical terms. The book starts in a clear approach; each chapter has deep knowledge with crisp information in a language which is descriptive with a lot of understanding of psychology of common investors who wants to secure his finance.

The reader will understand timeless lessons of money, greed, happiness, freedom and many more aspects involved in investing and investors psychology. As we all know that money cannot buy everything. So, in this book author provides research data about how rich people make themselves happy with intangible things and how can everyone be happy while managing his wealth.

After reading this book you will get the answers of some below questions…

How greed can make someone wealthy and how can it make someone bankrupt?

How much powerful time and compounding is in investing?

How consistency plays a role rather than making good decisions in investing?

How some people get satisfied with what they have and stop their journey by ending with the word “enough?”

How saving money move oneself faster than an inconsistent investor?

How can one take advantage of this book even one does not have much background knowledge of investing, trading or finance management in general outlook?

The reader will get to know about the skills of Warren Buffett, Bernie Madoff, Rajat Gupta in investing and how he manages his time in investing?

How someone’s financial plan works and how this plan may not work for others?

Why investing in stock market is not for everyone? And author suggests if investing in stock market makes someone uncomfortable then one should refrain from it. One should invest in some other safer products which at least guarantees one a good night’s sleep.

It’s one of the chapters is based on luck and risk, how luck plays a vital role in generating someone wealth? How much risk can an investor bear? In which fields an investor can't take risk? While talking about money author emphasised on the risk involved in family matters, friendship, career, health etc.

The reader will understand the difference between being rich and being wealthy. For this author writes, unfortunately we often underestimate the power of frugality and savings but we put more faith in investing.

This is one of the books that helped me in saving as well as investing money, as a habit to be followed to be partner with money. Does one wish to get good returns because one may have desire to buy things like, car, house and travel trips etc. or one wish to earn money to be financially independent, make a stable future to handle odd conditions of life? Does one wish to be rich or wealthy? It is some of the questions which will be answered after reading this book. This book will guide one further above questions in forming atomic habits towards saving and investing.

CLICK ON BUY NOW TO BUY THIS (OR ANY) BOOK...