
Morgan Housel proposed a new concept of human behavior towards money in his book Psychology of Money. He argues that human perceptions and reactions when dealing with money are strongly influenced by their psychological state rather than logic, such as family and educational background, the global economic situation when growing up, and current economic conditions. Housel also points out that, however, money is directly related to the level of happiness or suffering that its owner may experience because money is able to offer flexibility and freedom. With abundant money we can have more opportunities to not go to work if you don’t want to, get access to the best treatment when needed, or take retirement whenever you want. This book will be easily understood by all readers because it is written in easy language and equipped with the true stories of the great economic actors in history.
