The Psychology of Money by Morgan Housel
“When you see someone driving a nice car, you rarely think, “Wow, the guy driving that car is cool.” Instead, you think, “Wow, if I had that car people would think I’m cool.” Subconscious or not, this is how people think.” Morgan Housel summarizes it so well in this one sentence. Our financial decisions many time are based on our expectations of societal approval. It is important to weigh our wants with the actual need. Continue reading© 2025 Sindhuja Cheema Enzinger. All Rights Reserved.