Cover of The Psychology of Money

Book · 2020 · Business & Economics

The Psychology of Money

Timeless lessons on wealth, greed, and happiness

by Morgan Housel · Recommended by 16 people on 10 podcasts

Why people recommend it

The Psychology of Money by Morgan Housel is a popular personal finance book that explores how human behavior, ego, and worldview shape financial decisions far more than cold mathematical spreadsheets. On the Huberman Lab podcast, Andrew Huberman welcomed the author and praised the bestseller, sharing that he read and thoroughly enjoyed the insights into the psychology surrounding wealth. Huberman further recommended both that title and a later work in the show notes for listeners seeking to improve their financial happiness. Steven Bartlett heavily endorsed the book on The Diary Of A CEO with Steven Bartlett, recounting how a recommendation from his brother years ago changed his entire financial perspective and ultimately made him millions of pounds. Bartlett noted that after reading the strategies, he stopped trying to pick individual stocks and redirected his capital into index funds and starting businesses, making it one of the most transformative books he has ever encountered. The widespread praise from high-profile podcast hosts highlights how the book continues to alter financial strategies and reshape the monetary habits of readers globally by emphasizing patience and behavioral discipline over complex market timing.

Who recommended it

Chris Williamson — 14 mentions
Discussed
“So for instance um the psychology of money book by Morgan Hel my friend for every person that buys the book another 1.2 2 people buy the book.”
Discussed
“Morgan Hustell, The Psychology of Money. I've spoken to each of these guys individually. Mark said to me, he's like, 'The worst thing that I could have done was have a book that went that big'”
Discussed
“speaking to Morgan howel who wrote the psychology of money he was telling me a story both about himself I think but also another friend who first book amazing success”
Recommended
“there's a Morgan housel quote where he says the best way to win the game is to stop moving the goal posts and he's wrote this great book called the psychology of money”
Recommended
“you know it's the reason that if you look at Morgan hausel's the the psychology of money what a book”
Discussed
“and that's morgan housel's psychology of money says having wealth is the ability to do what you want”
Discussed
“or morgan housel in the psychology of money says the number one way to become financially free in the game of finances is to stop moving the goal posts like keep the goal post still”
Discussed
“morgan housel has a quote in the psychology of money where he says the number one thing that you need to do to win the game is to stop moving the goal posts further away from you”
Recommended
“he's got a book called the psychology of money which is an awesome awesome read that you should go and check out”
Recommended
“yes i do morgan households the psychology of money as far as i'm concerned that's really the only book on finance that you need”
Recommended
“everybody should get his book the psychology of the money of money get it i uh i said that that was one of the first comments i made about the book”
Recommended
“um and it's called the psychology of money timeless lessons in wealth greed and happiness and it is awesome only 200 pages real [__] he's a blogger kind of by trade”
Discussed
“so it's called the psychology of money why should we be bothered at all about the psychology of money”
Recommended
“look morgan man psychology money will be linked in the show notes below i implore you to go and check it out”
Steven Bartlett — 12 mentions
Discussed
“Isn't there a story in the Psychology of Money by Morgan Housel where like was it Warren Buffett bet someone?”
Discussed
“I kind of learned that from reading your your book, The Psychology of Money, because I I think like many people thought there was some trick or hack that this book was going to teach me to figure out how to trade coins at the right time or to like do forex trading or whatever.”
Recommended
“the psychology of money, as I told you before, is the book that changed my financial life. the one book my brother who's a very smart person told me to re to read and there's no wonder that it's one of the bestselling books of all time.”
Discussed
“Stephen, there is one book you need to read to understand money. And that was your book, The Psychology of Money. And that's how I came into your world and understood who you were, what you think. And really, this book has shaped how I think about money ever since.”
Discussed
“And he said to me, Stephen, there is one book you need to read to understand money. And that was your book, The Psychology of Money.”
Recommended
“Your book, the one that my brother gave to me all those years ago, has probably made me millions and millions of pounds because I read it when I was young enough”
Recommended
“after reading your book I stopped trying to pick stocks and I invested all of my available Capital into index funds outside of investing it in starting companies”
Discussed
“And I think the psychology of money book talks about that as well.”
Recommended
“so ladies and gentlemen you're about to meet the man whose book changed my entire life as it relates to money and finance about four or five years ago my brother who's a investment banker said Steve there's one book I need you to read about wealth investing and money in finance and he passed me a book called the”
Discussed
“let's start with the psychology of money what is the benefit to my life if I understand the things that are written in the psychology of money”
Recommended
“I mean the psychology of money I think is the best book on money ever written it's pretty much also the only book I've ever read on money”
Recommended
“Have you ever read that book, The Psychology of Money?”
Andrew Huberman — 7 mentions
Recommended
“Morgan Howell, who did a really wonderful episode on the psychology of money. Um, and I I really love his first book”
Recommended
“He is also the author of the spectacularly bestselling book, The Psychology of Money.”
Discussed
“I read Morgan's book the psychology of money and I loved it”
Recommended
“I read Morgan's book, The Psychology of Money, and I loved it.”
Discussed
“I'm excited that you have a new book coming out next year about the art of spending money. Is that right?”
Recommended
“to learn more about Morgan's work and to find links to his two superb books the psychology of money and same as ever please see the links in the show”
Recommended
“To learn more about Morgan's work and to find links to his two superb books, The Psychology of Money and Same as Ever, please see the links in the show note captions.”
Brad Barrett — 3 mentions
Discussed
“So, even somebody as well-meaning as Morgan Housel, who we talk about the psychology of money all the time, this is at its essence, he is a FI guy, but when you hear him on podcasts, he actually talks down about the FIRE movement and it's it's just out of ignorance.”
Recommended
“I recommend books like the simple path to well psychology of money die with zero and many more”
Recommended
“for me I read that book kind of concurrently slash overlapping with the psychology of money by Morgan Hazel and those are two of the best money related books I've read in a while”
Ben Gilbert — 2 mentions
Recommended
“i think a huge one for me is psychology of money there's a recency bias on it and we mentioned morgan howel at the top of the show Good Friend of the show great great human i truly i massively change the way that i personally invest”
Recommended
“called the psychology of money by Morgan housel we get to talk to Morgan recently that was really fun and when we hopped on that call I think it was like I was two-thirds through the book and so it was really fun like getting to talk about some of the concepts with him while I was in real time”
Morgan Housel — 1 mention
Discussed
“One of the things that I didn't really understand at the time when I wrote Psychology of Money. I I I think I probably could have expressed this when I wrote it but I didn't believe it as much as I do now is when I turned in the manuscript for Psychology of Money I had a deep sense of”
Kyle Nolan — 1 mention
Recommended
“the psychology of money by Morgan howel is good also like die with zero retire before Mom and Dad”
Andrew Wilkinson — 1 mention
Discussed
“we did a little prep Doc and in it you mentioned like you read the psychology of money what have you taken from that book”
Shane Parrish — 1 mention
Discussed
“Well, you told me, what was the other piece of advice? The other piece of advice was from Morgan Housel, who said, you know, if you have like 100 units of editing time, spend like 80% of those units on the first 50 or 60 pages of the book. Huh, and I thought that was super interesting.”
Ali Abdaal — 1 mention
Recommended
“I think most recent one has been The Psychology of Money, by Morgan Housel. So what does he do well there? What he does well there is that he's got a lot of chapters, 20 something chapters. 20 chapters actually.”
Daniel Ek — 1 mention
Discussed
“I was listening to I think it's his name is Morgan howold um the author who talks about psychology of money and he kind of talked about it the the the Ferrari syndrome”
Ramit Sethi — 1 mention
Discussed
“There's a friend of mine, Morgan Hel, he wrote this amazing article. I love that book. Yeah. The psychology of money. He wrote this amazing article about Warren Buffett.”
Brian Feroldi — 1 mention
Recommended
“Of course Morgan housel recently wrote a fantastic book called the psychology of money those are two great starting points to really see how people behave with money”
Richard Shotton — 1 mention
Recommended
“you know it's the reason that if you look at uh Morgan hausel's the the psychology of money what a book”
Marcia Kilgore — 1 mention
Discussed
“um yes I've read like the psychology of money which I think is pretty much behavioral economics”
Jim O'Shaughnessy — 1 mention
Recommended
“that's why his book i recommend the psychology of money fantastic book because he understands what wealth really is”
Mentioned on the show without a named speaker — 8
Discussed
“I'm never going to write a book that does more than the psychology of money”
Recommended
“I recommend books like "The Simple Path to Wealth," "Psychology of Money," "Die With Zero," and many more.”
Recommended
“in fact one of the ones I read recently ought to be named it was called the psychology of money by Morgan housel and it is a masterpiece”
Discussed
“It's made me curious how Morgan Housel, the author of 'The Psychology of Money,' thinks about housing costs. He mentioned that he and his wife paid off their mortgage when they had a three percent fixed-rate mortgage. He calls this the worst financial decision they've ever made but also the best money decision they have ever made.”
Discussed
“It's from a book so it says for one thing we usually act too quickly when we're trying to make money and too slowly when we're trying to protect our money If you're pressed to make a decision ask yourself am I doing this to protect my money or to make my money more make more money If the answer”
Recommended
“something like the psychology of money by morgan hausell again like short perhaps more aphoristic stuff”
Recommended
“Now it would have to be something like the almanac of naval ravicant which you could pick up and put down something like the psychology of money by morgan hausell again like short perhaps more aphoristic stuff or just fiction that you're not really that asked about”
Recommended
“um and it's called the psychology of money timeless lessons in wealth greed and happiness”

Also mentioned in the same episodes

Other mentions (16: passing, ad reads, own books)
Passing
“It's not a single thrust. It's not the psychology of money. It's not atomic habits. It's not high agency.”
Passing
“He is The Psychology of Money, which is now sold more than 8 million copies.”
Passing
“he is also the author of The spectacularly bestselling book the psychology of money”
Own book
“My I I did not want to write Psychology Money. I put it off for years and years and years.”
Own book
“Yes, my- I did not want to write Psychology of Money, and I put it off for years and years and years.”
Own book
“This was one of the lessons for when I started writing Psychology of Money. I wanted to like reinvent myself.”
Own book
“I tried it with Psychology of Money. When I set out to write Psychology of Money, I said I'm going to write a new book from scratch.”
Own book
“The audiobook version of Psychology of Money outsells the physical version two to one.”
Passing
“Mr Morgan H he's the author of the psychology of money one of the bestselling business books of this decade”
Own book
“Like, obviously, you're in The Psychology of Money, mostly at the end, where you kind of talk about your habits and your parents a bit too, which is an interesting story.”
Own book
“I would say that the summation of The Psychology of Money is that turning down money is one of the hardest things to do in the world.”
Own book
“so before we get started you got a new book out psychology of money”
Own book
“who said anyone who's gone and paid 20 grand for an mba doesn't need to just read my book”
Own book
“PS if you enjoyed this episode with Morgan you will love his new book the psychology of money and it is available for pre-order now by following the link in the show notes below”
Own book
“if you enjoyed this episode with Morgan you will love his new book the psychology of money and it is available for pre-order now by following the link in the show notes below”
Own book
“I'm reading a book on psychology and money right now that starts with a story about someone who made a tremendous amount of money on an annual basis and blew it all and went bankrupt”