OT Psychology of money

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OT Psychology of money (by Bonanza [NC]) Sep 11, 2025 8:41 AM

OT Psychology of money (by LisaFL [FL]) Sep 11, 2025 1:39 PM

OT Psychology of money (by Heartland [NC]) Sep 11, 2025 2:37 PM

OT Psychology of money (by Ray-N-Pa [PA]) Sep 12, 2025 6:47 AM

OT Psychology of money (by elliot [RI]) Sep 15, 2025 6:22 PM

OT Psychology of money (by Bonanza [NC]) Sep 16, 2025 9:53 AM

OT Psychology of money (by Heartland [NC]) Sep 16, 2025 4:03 PM

OT Psychology of money (by zero [IN]) Sep 16, 2025 5:13 PM

OT Psychology of money (by Bonanza [NC]) Posted on: Sep 11, 2025 8:41 AM
Message:

I am on a roll. 2 good books in the same week.

In a post earlier this week I mentioned enjoying the book "Simple path to Wealth". It was a focused look on what to do to succeed in the stock market. His advice was avoid the noise, buy an indexed total market mutual fund and let it ride. There was other practical advice but the nuts and bolts was keep it simple. I thought it was a great book for a young person.

The Psychology of Money: Timeless lessons on wealth, greed, and happiness Paperback – September 8, 2020 by Morgan Housel is a broad picture book.

Why do we think about money the way we do? He says it has a lot to do with our experiences and our growing up. A depression age person has a different take on life than a millennial and the way the brain works is that you use your experiences to fill in your perception of the world. Lots of questions to ask yourself, what is rich vs wealthy, what are you trying to accomplish? Is it greed or is it freedom? What does money actually do for you - it buys you time to do what you want to do.

It is a short book. You can read it in a day. There are 20 chapters, some as short as 2 pages. This is not a knock on the book. He keeps it short and relevant. I had authors that spend 300 pages telling you something that could have been said in 3.

This is a broader look at money and wealth and I enjoyed it even more that the Simple path to Wealth.

Highly recommend you give it a read.

I have no financial interest in this book, do not know the author, etc etc. --65.188.xxx.xxx

OT Psychology of money (by LisaFL [FL]) Posted on: Sep 11, 2025 1:39 PM
Message:

You are on a roll! That’s another good one too! --75.89.xxx.xxx

OT Psychology of money (by Heartland [NC]) Posted on: Sep 11, 2025 2:37 PM
Message:

Thank you for both suggested books. --45.37.xxx.xxx

OT Psychology of money (by Ray-N-Pa [PA]) Posted on: Sep 12, 2025 6:47 AM
Message:

I disagree about this being OT.

How we view money crosses over on how we invest. Some will view money with an abondance mindset where others will think it is something you hoard. There isn't a right or wrong answer about money as there are times when having that extra money AVAILABLE is a good thing and other times when your money should be working in overdrive.

The key is having money working for you and not working for money.

Thanks for the book recommendation. --98.17.xx.xxx

OT Psychology of money (by elliot [RI]) Posted on: Sep 15, 2025 6:22 PM
Message:

Bonanza, Thank you for your recommendations. I added to my shopping cart.

I have a question, how can you get young people to read any books nowaday? I bought/read a lot therapy/psychology/Christianity related books, really really good stuff.. Wife has warned me again and again, don't recommend any to the kids. (I screwed me at my younger days, My kids are now ranging from 17 - 27)

--173.69.xx.xxx

OT Psychology of money (by Bonanza [NC]) Posted on: Sep 16, 2025 9:53 AM
Message:

Hey Elliot. I don’t know. I love books and can’t imagine not being able to read. I have a grandson who seems interested in learning about real estate and wealth. I give him books but don’t really know if he reads them. I guess all you can do is present the info and it’s up to them to run with it. --65.188.xxx.xxx

OT Psychology of money (by Heartland [NC]) Posted on: Sep 16, 2025 4:03 PM
Message:

Bonanza, maybe he would read them if you offered $100 towards a car when he writes a book report for each book. --45.37.xxx.xxx

OT Psychology of money (by zero [IN]) Posted on: Sep 16, 2025 5:13 PM
Message:

Can I get in on this?

I will write a book report if Bonanza gives me $100. --47.248.xxx.xxx

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OT Psychology of money

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