The Psychology of Money
Morgan Housel
What changed how I think:
“No one is crazy. Everyone makes financial decisions based on their unique experiences that make sense to them in the moment.”
The core idea
Your relationship with money is shaped by when and where you grew up, not by how smart you are. Saving is the gap between your ego and your income. Compounding is the most powerful force, but it requires patience most people don't have.
What stuck with me
Wealth is what you don't see — it's the cars not bought, the watches not worn. The real value of money is the options it gives you. Freedom to do what you want, when you want, with who you want.