Book Breakdown Part 2 The Psychology of Money

Keep it Simple

In part two of our conversation about The Psychology of Money, by Morgan Housel, the Asset Builder team is getting into a good money mindset, sitting in discomfort, being less flashy, and more. True freedom isn’t being able to spend as much money as you want when you want to; instead, it’s the ability to control your life. Focusing on your own journey to financial freedom doesn’t mean getting a flashy car to impress people.

Since there’s no financial literacy classes in the high schools we went to (and most likely not where you went either), we hope you’ll tune in to learn more about shifting your mindset on wealth as we breakdown this gem of a book. Remember: true wealth isn’t what you see because most of the “wealth” you see is actually a depreciating asset.

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[00:00] Show intro

[00:28] Welcome to part two of the book breakdown!

[01:55] Ch. 6: Success doesn’t come 100% of the time

[08:40] Ch. 7: You can become a slave to stuff

[12:45] Ch. 8: The man in the car paradox

[16:39] Ch. 9: Wealth is what you don’t see

[19:35] Ch. 10: Save your money

[24:05] The importance of financial literacy

[24:55] Free books!

[25:24] Wrapping it up

[25:52] Outro