The Psychology of Money

"The Psychology of Money" explores how our emotions, habits, and mindset influence financial decisions. It emphasizes that building wealth isn't just about knowledge or smart choices, but also about understanding biases, patience, and discipline. People often make emotional mistakes like impulsive spending or fearing market downturns. Successful financial behavior requires humility, long-term thinking, and recognizing that luck and uncertainty play roles. The book highlights that money management is as much about psychology as it is about numbers, encouraging a balanced approach that prioritizes consistency, humility, and emotional awareness to achieve financial well-being.