I summarised the best-selling book "The Psychology of Money" by Morgan Housel. Watch this book review to learn how to have a better relationship with money and make smarter financial decisions.
0:00 Introduction
0:42 Having knowledge does not mean you can make sensible decisions
1:56 Mindset and attitude
2:38 We don't need to be financial experts
3:14 The most valuable thing that money can bring us
5:12 The power of compound interest
5:29 Understanding how compound interest works
7:36 Accepting volatility
8:18 Tail events drive everything
9:00 Best strategy
9:06 3 different scenarios
Getting The Psychology of Money by Morgan Housel here: www.amazon.com/Psychology-Money-Timeless-Lessons-Happiness/dp/B08D9WJ9G8/ref=sr_1_1?crid=1H8AEVTCE75PG&keywords=psychology+of+money&qid=1657869015&sprefix=psychology+of+mone%2Caps%2C326&sr=8-1