Power Your Retirement

The Psychology of Money Says Your Emotions Matter More Than Math

Steve Smit

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Today, we’re kicking off our new Financial Book Club with The Psychology of Money by Morgan Housel. This isn’t just a book about financial strategies- it’s about the why behind the decisions we make with money, even when they seem irrational. In this episode, Steve breaks down four key themes from Housel’s bestselling book and explores how they show up in real life.

Here’s some of what we discuss in this episode:

🚨 The danger of moving your financial goalposts

💡 Why “reasonable” often beats being “rational” in finance 

🛟 The power of margin and room for error

🚲 How emotional spending shows up, even with hobbies

Get your copy of The Psychology of Money: https://tinyurl.com/5n83r4h7 

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