The Psychology of Money: Why You Earn More and Still Feel Broke

You earn more than you did five years ago. So why does your bank account look exactly the same? Morgan Housel's The Psychology of Money says the answer isn't math. It's behaviour. In under 8 minutes, here are the three lessons from the book that change how you think about money: 1. The janitor who beat Wall Street: how Ronald Read quietly left $8 million while a Harvard-educated executive went bankrupt. 2. The rich you never notice: why the expensive car is the opposite of wealth. 3. Knowing what "enough" is: why people who already have everything risk it all for more. CHAPTERS 0:00 You earn more, so why are you still broke? 0:20 The big idea behind the book 0:44 Lesson 1: The janitor who beat Wall Street 2:56 Lesson 2: The rich you never notice 5:12 Lesson 3: Know what enough is 7:04 The three lessons together 📖 The book: The Psychology of Money by Morgan Housel What's your "enough"? Tell me in the comments. Underlined Book: the lines worth keeping from the books worth reading. Subscribe for the next one. This video is a summary and commentary for educational purposes. It is not financial advice. #ThePsychologyOfMoney #BookSummary #MorganHousel