When it comes to managing money, most people assume that knowledge, math, and logic are the keys to success. But as The Psychology of Money by Morgan Housel reveals, the truth is far more human and far more complicated.

This bestselling book explores how emotions, behavior, and personal experiences shape the way we think about money. It is not a guide filled with formulas or investment strategies. Instead, it is a reflection on why we make the decisions we do, often in ways that defy reason or traditional financial advice. And that is exactly why we have been diving into it on our Retirement: Redefined podcast.

At Fiat Wealth Management, we believe understanding your financial behavior is just as important as understanding your financial plan. That is why we have taken a deep dive into The Psychology of Money, discussing it chapter by chapter on the podcast. Whether you have read the book or are just curious about its insights, our conversations offer a practical and relatable way to absorb Housel’s biggest takeaways.

One of the recurring themes in the book is that doing well with money has less to do with intelligence and more to do with how you behave. From how we define "enough" to the role of luck and risk in our financial outcomes, Housel challenges readers to rethink what it means to be good with money.

On Monday, June 30th, we will be releasing our recap of Chapter 16, which tackles the idea of "You and Me" — how people with different life experiences can come to completely different financial conclusions and why that is not only expected but completely normal.

If you have ever wondered why money decisions feel so personal, emotional, or inconsistent from one person to the next, this book and our podcast discussion are for you.

Be sure to subscribe to Retirement: Redefined wherever you get your podcasts or check out the latest episode on our YouTube channel. Let us rethink money together, one chapter at a time.

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