💵the 20 lessons in The Psychology of Money

chapter titles and my own one-liners, not Housel's words. (not financial advice, obviously)

01
1. No One's Crazy
everyone's money decisions make sense to them, given their own experience with money. even the weird ones
02
2. Luck & Risk
same actions, wildly different outcomes. survivorship bias, but he's not preachy about it
03
3. Never Enough
04
4. Confounding Compounding
small numbers held a long time beat big numbers held briefly. Buffett's net worth timeline is the whole argument
05
5. Getting Wealthy vs. Staying Wealthy
different skills. getting rich needs risk, staying rich needs paranoia
06
6. Tails, You Win
07
7. Freedom
the actual point of money, per Housel: control over your own time
08
8. Man in the Car Paradox
nobody's admiring your car the way you think. they're imagining themselves in it
09
9. Wealth is What You Don't See
10
10. Save Money
11
11. Reasonable > Rational
your money plan should let you sleep at night, not win a spreadsheet argument
12
12. Surprise!
history doesn't repeat the specifics, so the next crash won't look like the last one. do the math on how many 'unprecedented' ones we've had
13
13. Room for Error
plan for the plan being wrong. margin of safety, basically
14
14. You'll Change
15
15. Nothing's Free
risk has a price whether or not you see the receipt. volatility is the entry fee for the returns
16
16. You & Me
17
17. The Seduction of Pessimism
18
18. When You'll Believe Anything
the more you want something to be true, the less scrutiny you give the story that says it is
19
19. All Together Now
20
20. Confessions
his own money habits, including the ones that don't optimize for returns. (not financial advice, just what he does)

Or start a list of your own. Free, it takes a minute.