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Most people know that money is an emotional topic, but not many of them realize that that is the reason why they frequently end up making bad decisions. In the book The Psychology of Money, Morgan Housel sheds all the light we need to learn how to avoid those emotional traps. In this video I will share the 6 main lessons I learned and hopefully by the end of the video you will be one step ahead of your emotions. Lets get started. Lesson n1 - Wealth is what you dont see Morgan tells a story about a man that arrived in a great car to the hotel he worked in, he drove a Porsche. For his surprise one week later, the same man showed up in an old car. It turns out, that man had a big debt in order to pay for the car and when he ran into financial problems, he had to sell it. This man clearly wanted to look rich instead of wanting to be rich. Lets see the difference. We usually judge peoples wealth by what we see. When we see someone in a great car, like the man in the story, we assume t
