Alok Saini

View Original

Money Matters - a short review of The Psychology of Money

If someone had told me that my first finished and so far favourite book of 2023 would be about finances and money, and it would not be boring at all, I would have scoffed at them for not knowing me! I am creative, and I’ve often been heard in discussions proudly proclaiming myself as financially illiterate. Can’t go into the details of my ignorance in a public blog post, but I really am.

As the book’s author Morgan Housel says, health and money are the two things that impact everybody, whether they are interested in them or not. This book went a step ahead; it got me interested in the health of my finances. Morgan uses jargon-free storytelling to convey the most essential aspects of personal finance and approach towards making sense of money matters.

The Psychology of Money is not a how-to guide; Morgan doesn’t share investment tips and tricks but instead provides a sensible thought structure to change your outlook towards money. It may not be a book for experienced investors and those who are experts at managing their wealth, but then, it may be, so universal are the ideas it describes.

My suggestion? Go grab a copy right now. If a person totally uninterested in his financial health can finish it in two days, you know you have something good at hand.