← Back to books
The Psychology of Money

The Psychology of Money

Morgan Housel

9/10

Finished Aug 3, 2024

My takeaway

Wealth is what you don't spend. Your behavior matters more than your knowledge.

Notes & highlights

  • Wealth is what you don't see. It's the cars not purchased, the jewelry not bought.
  • Getting money and keeping money are two different skills.
  • Your personal experiences make up maybe 0.00000001% of what's happened in the world but 80% of how you think the world works.
  • The highest form of wealth is the ability to wake up every morning and say, 'I can do whatever I want today.'