The Psychology of Money Summary & Review (Morgan Housel) - ANIMATED 2021

This Psychology of Money summary will show you, not only what this personal finance best-seller is all about, but also how to implement these mental models into your life!
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☝️ Smash that LIKE button... if you want improve your finances 👍👍
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When it comes to finances and money in general, we are taught about it a lot more like a hard science (with formulas and rules) and a lot less like psychology - with certain amount of flexibility. And that is a problem because the financial world is not set in stone. While gravity is the same for all of us, how we see money, how we interact with it, base our lives around it and think about it - varies GREATLY from person to person. So let's talk psychology and transform your mindset!
Morgan Housel shares his best personal finance tactics, mental models and advice on success in his best-seller "The Psychology of Money: Timeless lessons on wealth, greed, and happiness". With the help of this video summary, in just a few minutes, you'll be able to understand what this book is about and how to implement these ideas in your finances, today. Not to mention, the video is completely FREE, while you'll have to spend a few bucks to get your own copy of the Psychology of Money book ;)
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The best course of action is the this - watch this Psychology of Money animated summary and learn about how to think about money. Apply these tactics to your life and to your finances. If you are happy with the results (as you most likely will be), head over to Amazon or to your favorite bookstore and get yourself a copy of Housel's actual book. This way you dig deeper into these teachings only once you have proven they can work for YOU. There are no cookie cutter solutions, there is only things that work or don't work FOR YOU!
This Psychology of Money book summary gives you, not only what the book is about, but how to actually apply it. Because, let's be honest, you can read the book, or listen to the Psychology of Money audiobook... BUT unless you start applying what you've learned, nothing will change in your personal and professional life (isn't that always the case?!)
Watch this animated summary, take action, apply the tactics to your life and you'll see dramatic results. I had the intention initially to do a Psychology of Money summary PDF, but honestly, an animated video review is so much more fun to create, and consume. Plus, this summary will give you a more wholesome understanding of the book, instead of breaking it down by Chapter 1, Chapter 2, Chapter 3 and so on. Think of this video as the best Psychology of Money key points, lessons and examples - explained in an an animated format :)
Understanding Housel's advice putting it to work has never been easier - it only takes 8 minutes.
As always, post your comments and questions below. Smash that LIKE button and let me know what book you'd want me to summarize and review next.
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★☆★ TIMESTAMPS ★☆★
0:00 The Millionaire Janitor
1:28 Takeaway 1 - No one's crazy
2:23 Takeaway 2 - Be reasonable, not rational
3:24 Takeaway 3 - Never enough
4:27 Takeaway 4 - Getting Wealthy vs Staying Wealthy
4:49 Be Financially Unbreakable
5:10 Leave Room For Error
5:29 Sensible Optimism
5:51 Takeaway 5 - Tails, you win
6:42 Takeaway 6 - Save money
7:10 Takeaway 7 - You Will Change
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• The Psychology of Mone...
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[@abdullahalismaili3757]

Really great video and one of the best summary provided about this book. Thank you for great work. Please keep all the good work up.

[@AchieversWorkshop]

So helpful! We are all so unique, and although we can learn from the ideas and strategies others, we ultimately still need to come up with the strategy that works best for us individually; based on our personal goals, needs, and unique life situations.

[@taurustreasury]

This book had been on my radar for a while now, and your review is the one that convinced me to finally pick it up. Thanks for sharing your thoughts and insights!

[@ShyamPatel-jy9ol]

Much helpful Thank you sir! For incredible work

[@SuccessfulByDesign]

WATCH NEXT - if you liked the Psychology of Money, you are absolutely going to love The Millionaire Next Door - kzbin.info/www/bejne/jZOUinSAq8R_ea8

[@koech-frankline]

I like the way you explain it bro.

[@maxsheng8215]

The sad thing is Ronald never get to enjoy his 8 million dollars.

[@mhifield3435]

Quite the contrary....with that amount even at a 3% return he would be earning well into 6 figures as passive income so likely lived a fulfilled and enjoyable life...That is MONEY PSYCHOLOGY

[@maxsheng8215]

​@@mhifield3435note: he got that amount at or close to the end of his life.

[@nathansmith5726]

@@mhifield3435you have to remember that inflation is a thing... he isn't earning 3% profit his money is simply remaining the same value year after year, that is if he isn't using it

[@kateneri1408]

Exactly!

[@jeannybleier4060]

Do you use certain apps or website for this video? its amazing

[@meddina9]

bueno

[@clarkkent3864]

Omg, hello!

[@SuccessfulByDesign]

Well hello there :)

[@eviewsprotips]

how to make videos like by AI characters

[@user-lz5ff3ju1c]

Hello 🤠 I Save My Passive income Amount and invest in Gold Bullions Stacking physical Strictly 😊