Why The Psychology of Money Says Your Emotions Matter More Than Math
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Why The Psychology of Money Says Your Emotions Matter More Than Math
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Today Phil’s kicking off his new Financial Book Club with The Psychology of Money by Morgan Housel. This book isn’t just about money strategies. It’s about why we make the choices we make, even when they don’t seem to make sense. You might find that your mindset is a bigger advantage than any investment tip. If you’ve ever wondered why it’s so hard to stick to the “smart” plan, this conversation might hit closer to home than you expect.
In this episode, Phil explores four powerful ideas from the book, starting with the bold claim that no one is crazy when it comes to money.
Here’s some of what we discuss in this episode:
💭 Why your money story begins in childhood
🏠 The emotional math behind paying off your house
😬 “Never enough” syndrome in retirement planning
📉 Planning for market volatility and life’s curveballs
🚧 Why your retirement roadmap needs flexibility
The Psychology of Money by Morgan Housel: https://shorturl.at/bjzCl
For more, visit us online: http://philstaxhacks.com
Watch the video podcast on YouTube: https://bit.ly/3WdDG96