Why Smart People Stay Broke (The Psychology of Money)

Short guides to these books: https://kinquire.com 10 reasons smart people stay broke, from The Psychology of Money, The Millionaire Next Door and the scientists who study why we're so bad with money. Each one comes with exactly what to do instead, plus a one-line formula that tells you if you're behind. (Not financial advice, just what the books and research say.) 0:00 Intro 0:31 They Look Rich 1:22 Their Goalpost Keeps Moving 2:15 They Start Too Late 3:14 They Fall for Free 3:59 They Pick the Middle Option 4:42 They Chase Bargains 5:18 They Can't Let Go 6:07 They Trust Willpower 6:52 They Panic When Markets Fall 7:41 They Never Check the Score 8:31 Cheat Sheet Sources: The Psychology of Money by Morgan Housel, The Millionaire Next Door by Thomas J. Stanley and William D. Danko, Misbehaving by Richard Thaler, Predictably Irrational by Dan Ariely. #psychology #money #personalfinance