The Psychology of Money

Morgan Housel's book "The Psychology of Money" changed how many think about wealth. Key lessons:

1. Enough is never enough � greed is a trap. Know your number. 2. Wealth is what you don't see � the cars in driveways (consumption) vs. the investments in accounts (wealth). 3. Luck and risk are twins � Bill Gates was lucky; his friend Kent Evans was unlucky. 4. Save money just for the sake of saving (freedom). 5. Time is the most powerful force � compounding requires decades, not years.

Financial success is less about IQ and more about behavior. Control your greed, save consistently, and be patient. That's 90% of the game.