Psychology Of Money

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Number of books have been written on personal finance, and many books are still being written. All personal finance books are not the same. While some give you valuable advice on managing your money, others embellish shallow advice of ‘get rich soon’ themes. The Psychology of Money is altogether different book on personal finances. The book begins with a simple premise: earning money, and managing money smartly are two vastly different areas. Expertise in one does not necessitate expertise in another. This point is well discussed and explained in the opening anecdote, a story about a highly successful technocrat. He developed and then patented key components of Wi-Fi routers when he was barely 20 years old. He was exceptionally smart man, but eventually went bankrupt. This forms the basis of this book – doing well with money has little to do with innate smartness or intelligence but to do with our psychology.