📖Book Series – Part 3 : The Psychology of Money by Morgan Housel

Hello All! I'm indeed super excited to welcome you all to another episode! Book Series Part 4: The Psychology of Money by Morgan Housel.

When I picked up The Psychology of Money, I expected a typical finance book filled with numbers, strategies, and business rules. But honestly, it felt more like reading about life than reading about money. The author shares real-life experiences and perspectives of so many people — from individuals living below the poverty line to billionaires. That’s what makes this book stand out. It helps us understand not just the psychology of money, but also where we stand in that wide spectrum.

As I turned each page, I began to realize something powerful: money is not just earned — it is felt. The real wealth lies in the freedom it gives us, the time it returns to us, and the peacefulness it brings when handled wisely.
Money is shaped by our fears, our hopes, our childhood memories, and even the people we grow up around.

There were moments when I paused reading — not because the book was difficult, but because it was so real. It made me reflect on why I make certain financial choices, why I hesitate sometimes, and why I push myself in particular ways. I slowly started seeing money not as a goal to chase, but as a relationship I must handle with clarity and calmness.

This book also made me aware of greed, patience, and self-control. It helped me understand that instead of rushing for “bumper profits,” it’s wiser to stay patient and trust the process. Just like Atomic Habits taught us the magic of 1% improvement, The Psychology of Money shows how small, steady financial decisions compound into something powerful over time.

Slowly, this book helped me shift from:

❌ the pressure of “earning more”

to

✅ the wisdom of “managing wisely” and “thinking clearly.”

And that shift is magical. ✨

It brings confidence. It brings peace. It brings control.

🌟 Key Lessons:

1. Everyone Thinks About Money Differently and That’s completely Okay!!😃

Our decisions are shaped by our own life experiences.
So, what looks like a “bad decision” from the outside may actually be completely logical for the person making it. The same choice might not work for us 😕because every individual has a different perspective, different pressures, and a different situation they are dealing with.

This understanding opened my mind instantly. 😐
It reminded me that we should never judge anyone’s money choices.
What feels right or comfortable for them may not be the same for us  and that is completely okay.

2. Saving Is Not About Amount😌… It’s About Habit

Even saving ₹10 consistently can build discipline.
The book beautifully explains that savings = freedom 💥not the number, not the amount, and definitely not the pride of wealth. The real pride comes from choosing to save instead of trying to show others how much we own.

Saving is like telling ourselves, “I’m freeing my future from money-related tension.”
It gives a quiet confidence to face uncertainty and builds a strong sense of discipline in the choices we make.
It’s not about how much we save 😎it’s about the mindset we grow through it.

3. Getting Wealthy and Staying Wealthy Are Two Different Skills

Many people earn well, but out of greed or carelessness they end up losing everything. Only a few truly learn how to protect what they earn. Taking risks is good 👌 it helps us grow  but crossing our safe limit can be dangerous😨. That balance is crucial.

In this book, the author shares many real-life incidents where people either built wealth wisely or lost it all because of impulsive decisions. These stories make us realize one powerful truth💪:

Staying wealthy requires patience, calmness and long-term thinking.

4. Control Over Your Time = Real Richness

This is my favorite lesson 😍and the most magical truth of all.
I feel that if we truly understand this and hold it close in our lives, we can experience a blessed, tension-free, happy life with our loved ones. The real richness is not in money, but in the control we have over our own life… and that control comes from time.

Being able to choose what you do with your day 🍀
to wake up without fear,
to spend moments with the people you love,
to live life on your own terms 😌 that’s true wealth. 😇💫

5. Small Decisions Compound Into Big Changes

Just like habits, money also grows slowly, silently, and almost magically through consistency. To experience this magic, we need patience and wise decisions. Even if the interest seems low in the beginning, a steady and disciplined investment can create extraordinary results in the long run. That’s the power of compound interest 💟small steps today become big rewards in the future.

💛 My Personal Reflection

After reading this book, I felt lighter  not because I learned financial tricks, but because I learned how to think about money without fear. This book added a new layer of clarity to my life. Just like Master Your Emotions helped me understand myself, The Psychology of Money helped me understand my financial behavior. I wish you feel the same at the moment you read this with your own insights someday😎 but very SOON!!😉

Hope you enjoyed today’s episode of our Book Series! 💫 and I'm really excited to meet  you all in our next book series soon. Until then #stay tuned with GIFTA🕊️SEEDS, if there is any queries feel free to mention them in the comments below.  And yes!! if you feel it's useful don't forget to share it with your friends and families whom you care the most and to people who wish to care for Nature💚

 #Happy Gardening #Let's grow together