The Psychology of Money

The Psychology of Money by Morgan Housel is a personal finance book that focuses less on spreadsheets and more on how our emotions, habits, and life experiences shape money decisions. Through short, story-driven chapters, Housel explores topics like risk, luck, ego, and long-term thinking, showing why smart people still make irrational financial choices. Older teens and adults appreciate the conversational tone and memorable anecdotes, which make complex ideas easy to revisit and discuss. It’s a strong choice for families who want to talk about the “why” behind money behavior, not just the “how.”