The Psychology of Money: Timeless lessons on wealth, greed, and happiness (2020)

With a title like “The Psychology of Money,” you might expect the material within to be dense and heavy. However, the book is extremely approachable and digestible.

If you really care about growing your net worth, investing and making important decisions in your life (why wouldn’t you?), I really recommend this book. It will transform what you think about money and life. Below are a few big ideas from the book. Enjoy!

Go out of your way to find humility when things are going right and forgiveness/compassion when they go wrong. Because it’s never as good or as bad as it looks. The world is big and complex. Luck and risk are both real and hard to identify. Do so when judging both yourself and others.

Less ego, more wealth. Saving money is the gap between your ego and your income, and wealth is what you don’t see. So wealth is created by suppressing what you could buy today in order to have more stuff or more options in the future. No matter how much you earn, you will never build wealth unless you can put a lid on how much fun you can have with your money right now, today.

Excerpt From: Morgan Housel. “The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness.”

The Wealthy Gardener: Life Lessons on Prosperity between Father and Son

In this book, you will find out how those who grasp the experience of financial freedom use their time. Prosperity is an end result that can be achieved by going through certain processes.

The author uses a compelling story with many characters to provide a firm foundation of solid and useful principles on money, wealth, and finance.

The 4 Disciplines of Execution: Achieving Your Wildly Important Goals

This is a book about creating lasting organizational change and one that every leader should read.

The 4 Disciplines—Focus on the Wildly Important; Act on Lead Measures; Keep a Compelling Scoreboard; & Create a Cadence of Accountability.

This book does an excellent job of breaking down the differences between the “whirlwind” of urgent activity required to keep things running day-to-day and all the time/energy you need to invest in executing your strategy for tomorrow.

Talk Like TED: The 9 Public-Speaking Secrets of the World’s Top Minds

Ideas are the currency of the twenty-first century. In order to succeed, you need to be able to sell your ideas persuasively. From what I’ve observed, this ability is the single greatest skill that will help you accomplish your dreams.

At the beginning of 2020, I set new intentions to develop and drastically improve my public speaking skills. Talk Like TED is one of the books I’m reading to better understand what makes outstanding public speakers. I also joined a local Toastmasters group and plan to deliver (10) prepared public speeches. I recommend this book for those also looking to improve their public speaking & leadership skills.

Stillness Is The Key

MIND | SPIRIT | BODY

“Stillness as Ryan Holiday puts it is the river and the railroad junction through which so much depends. It is the key . . .

To thinking clearly. To seeing the whole chessboard. To making tough decisions. To managing our emotions. To identifying the right goals. To handling high-pressure situations. To maintaining relationships. To building good habits. To being productive. To physical excellence. To feeling fulfilled.

I highly recommend reading this book as well as the rest of Ryan Holiday’s work.

Deep Work: Rules For Focused Success In A Distracted World

Deep Work: Professional activities performed in a state of distraction-free concentration that push your cognitive capabilities to their limit. These efforts create new value, improve your skill, and are hard to replicate.

Shallow Work: Non-cognitively demanding, logistical-style tasks, often performed while distracted. These efforts tend not to create much new value in the world and are easy to replicate.

(2) Core Abilities For Thriving in Today’s Economy:

  1. The ability to master hard things quickly
  2. The ability to produce at an elite level, in terms of both quality and speed

“I build my days around a core of carefully chosen deep work, with the shallow activities I absolutely cannot avoid batched into smaller bursts at the peripheries of my schedule. Three to four hours a day, five days a week, of uninterrupted and carefully directed concentration, it turns out, can produce a lot of valuable output.” – Cal Newport

The Dichotomy of Leadership: Balancing the Challenges of Extreme Ownership to Lead and Win

Just as discipline and freedom are opposing forces that must be balanced, leadership requires finding the equilibrium in the dichotomy of many seemingly contradictory qualities between one extreme and another.

  • A leader must lead but also be ready to follow.
  • A leader must be aggressive but not overbearing.
  • A leader must be calm but not robotic.
  • A leader must be confident but never cocky.
  • A leader must be brave but not foolhardy.
  • A leader must be humble but not passive; quiet but not silent.
  • A leader must be attentive to details but not obsessed with them.
  • A leader must be close with subordinates but not too close.