Episode 74 – The Mindset Behind Money: Insights from ‘The Psychology of Money’

In this episode, we explore the deep connection between mindset and money through the lens of Morgan Housel’s best-selling book The Psychology of Money. This conversation unpacks the emotional and psychological forces that drive financial behavior and long-term wealth building.

We discuss why wealth isn’t always visible, how compounding works best with time and patience, and why understanding your personal definition of “enough” can be the key to lasting financial freedom. Whether you’re an investor, financial professional, or someone seeking more intentionality with your money, this episode offers timeless principles and practical mindset shifts.

💡 Key Takeaways:

• Understanding the psychology behind money is essential for smart investing
• True wealth is what you don’t see—it’s savings, not spending
• Compounding requires patience and a long-term view
• Clarity around what “enough” means is a shortcut to financial independence
• Your financial mindset is shaped by your background and experiences
• Scarcity thinking limits potential; an abundance mindset fuels growth
• Investing should align with your personal values and long-term purpose
• Contentment and ambition can (and should) coexist in your financial life

📚 Resources Mentioned:
The Psychology of Money by Morgan Housel