15 Lesson From The Psychology of Money That Changed How I See Money

Peter Cook April 5, 2025
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Peter Cook

@iampetercook

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Hi! 👋 I'm Peter, an ex-lawyer striving to live a calm(er) life. I make videos about minimalism, frugal living, and simplicity.

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Sign up for my newsletter: https://subscribepage.io/petercooknewsletter There’s a lot more to money than you may think. In The Psychology of Money, Morgan Housel writes that the key to getting better with money is understanding our behavior: why do we do what we do? Reading it was like wiping foggy glasses clean—suddenly, everything about money became sharp and clear. So here are 15 lessons I learned from The Psychology of Money. Check out the book here → The Psychology of Money - Morgan Housel: https://a.co/d/54rpHU2 CHAPTERS: 00:00 Intro 00:40 1. People like your Lambo, not you 01:17 2. Use money to gain freedom 02:14 3. Know when you have enough 03:49 4. Less ego, more wealth 05:05 5. Time is the most powerful force in investing 05:50 6. Wealth is what you don’t see 06:39 7. You don’t need a reason to save 07:39 8. Plan for the plan to go not according to plan 08:25 9. Luck vs hard work 09:28 10. Nobody is crazy 11:01 11. What gets you wealthy doesn’t keep you wealthy 12:24 12. To invest, you need to pay a price 13:23 13. You don’t need be right all the time, just right enough 14:39 14. Allow yourself to change 16:15 15. It’s important to sleep at night – WHAT TO WATCH NEXT – Why I'm So Frugal: https://youtu.be/d0n1e2jq2wQ – LINKS – ☕️ Buy me a coffee: https://ko-fi.com/petercook 💻 Try Skillshare for free for 1 month: https://skl.sh/petercook04251 📚 Interesting books to read: • Stoicism For Beginners: https://a.co/d/hPU8GTX • Minimalism 101: https://a.co/d/bJkA6Lt • Declutter Your Life: https://a.co/d/carqttB DISCLAIMER: Some of the links are affiliate links. If you click and make a purchase, I may earn a commission, at no cost to you.

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