Psychology of money

I picked up the psychology of money by Morgan housel; last week. The summary of the book happens to be two things: 

  1. Own your time or independence 
  2. Live your life instead of chasing someone else’s or, consumerism should not lead life. 

I could relate to the book because most parts made me realize I am reading recycled philosophy books of Seneca and Epictetus. 

The author cites many books and many short stories iterating his observation. I particularly liked the example of the guy who lived a frugal life but donated 6-8 million USD to the hospital and library. He died wealthy not rich. He believed in compounding his wealth. 

I would especially recommend this book to people in their early 20’s just starting their career. They are the ones most easily fooled by the glamorous, Instagram life and consumerism.