The 23 Most Profitable Takeaways from “The Psychology of Money”

Knowing what to do with your money tells you nothing about what happens in your head when you actually try to do it. So, doing well with money has a little to do with how smart you are, but a lot to do with your behavior — with your psychology.

In The Psychology of Money, Morgan Housel covers 20 of the most important logical flaws, biases, and causes of bad behavior that do the most to make the world of money such a circus, but there are way more powerful and profitable insights in here than just 20.

This is a great big giant article, so I’m just gonna launch right into it.

But even these 5,000 or so words here is just half of what’s available on the Stairway to Wisdom, which contains the full breakdown of this book. And it’s free to read.

So if you like these 23 profitable takeaways, I invite you to check out the rest at the Stairway to Wisdom. And there are plenty more book breakdowns over there, so take this 1-month free trial code as my gift to you.

But hey, there’s money to be made and sanity to save, so let’s get into these 23 takeaways…