"The Psychology of Money" is a book by Morgan Housel, published in 2020. It falls under the genre of personal finance and behavioral economics. The book consists of a series of short stories and examples that explore how people think about money, highlighting the psychological biases and emotional influences that affect financial decisions. Rather than focusing on mathematical formulas, it emphasizes the importance of behavior, patience, and long-term perspective in achieving financial success. The book argues that mastering your emotions is more important than being smart when it comes to money.
The central theme revolves around understanding that doing well with money isn't necessarily about what you know, but how you behave. It delves into concepts like the power of compounding, the difference between being rich and being wealthy, and the significance of saving without a specific goal to gain financial flexibility. "The Psychology of Money" effectively links personal finance with psychology, a connection often unexplored in traditional finance books. It contains 256 pages and is published by Harriman House. Morgan Housel is a winner of the New York Times Sidney Award and a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers. As of February 2026, there are no film or TV adaptations of "The Psychology of Money."