The psychology of money

How I came to be "reading" Morgan Housel’s The Psychology of Money

This book first entered my orbit on my road trip with Pini. It started when a friend DM’d me for book recommendations about personal development. Knowing I could provide titles about spirituality and the healing power of trees, I asked Pini. The most well-versed entrepreneur, I ever did meet. And she happened to be right next to me.

She listed a few great titles which I will include below - but, the one she kept returning to was The Psychology of Money. With wise words, she said, “Justine you don’t need to change your relationship with the corporate world, you need to change your relationship with capitalism and money.”

I felt she might be right but I parked it.

Then last Thursday, I attended Women In Wealth: A Financial Feminism Opportunity, and the last question to the panel was: what books, mentors, podcasts, or influencers would you recommend? Out of four panelists only one had put forward a suggestion. And coincidentally it was The Psychology of Money.

I rolled my eyes and thought to myself: okay I get it! I should read it.

So I looked into independent or ethical audiobook platforms and just kept hitting walls. I liked the idea of Libro.fm who donates to your favourite local library but some technical hiccups kept getting in the way.

So I idled it (nearly parked but at least the engine was still running).

So then Saturday comes around and I’m enjoying a coffee in Canmore after hiking and Gail Hataitham says “I tried listening to an audiobook from the library. It was really good but over 200 people were waiting for it, so I didn’t finish it.”

To which, I said “Was it The Psychology of Money?”
And she said “Yes! How did you know?!”
So I told her.

Then today I took action. The idea is no longer parked or idling — but a-go 🏎️💨

Have you read it? Did you like it? What’s in your orbit?
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Also on Pini’s list:
The Almanack of Naval Ravikant by Eric Jorgensen
The Personal MBA: Master the Art of Business by Josh Kaufman
The Laws of Human Nature by Robert Greene
Corruptible: Who Gets Power and How It Changes Us by Brian Klaas

On my list:
Aleph by Paulo Coelho
Healing Trees by Ben Page
Everyone's a Aliebn When Ur a Aliebn Too by Jomny Sun
Sex for One: The Joy of Selfloving by Betty Dodson

Article FAQs
1. Why is financial literacy and understanding our individual psychology of money so important at this time?
Financial literacy and understanding our individual psychology of money are crucial in today's world due to the complexities of the modern economy and the heightened economic uncertainty. With technological advancements and globalization, individuals face a myriad of financial choices and challenges, making it essential to have a solid grasp of financial concepts to navigate effectively. Moreover, understanding our psychological tendencies and biases related to money empowers us to make informed decisions, avoid common pitfalls, and build resilience in the face of economic fluctuations.

2. How does financial feminism intersect with the themes of "The Psychology of Money" and could you provide a deeper understanding of both subjects and their practical applications in personal finance?
Financial feminism intersects with "The Psychology of Money" by highlighting gender disparities in finance and advocating for economic equality. By considering how societal norms and expectations affect financial behaviors, individuals can challenge traditional gender roles and empower themselves to take control of their finances. Integrating principles of financial feminism with insights from psychology can lead to more inclusive and equitable financial practices, benefiting individuals of all genders.

3. What do repeated "signs" and "synchronicities" mean and how do they work within the context of quantum physics?
Repeated signs and synchronicities, often interpreted as meaningful coincidences, can be viewed through the lens of quantum physics, which suggests interconnectedness at the subatomic level. Quantum entanglement implies correlations between distant particles, possibly leading to seemingly unrelated events occurring simultaneously or in patterns. While the precise connection between these phenomena and quantum physics remains speculative, exploring them within this framework offers insights into the interconnected nature of reality and the potential influence of observation on outcomes.