Welcome to the Nancy Ray Book Club where every month I read a book and then I share my three biggest

takeaways from that book with you here. This month I read The Psychology of Money by Morgan

Housel, a book came really highly recommended to me by a few trusted friends and it did not disappoint.

So yes, today we are talking all about money and our relationship with it.

You're listening to Work and Play with Nancy Ray, episode 151.

Much of our daily lives can be divided into two categories, work and play.

Simply put, that is where our life and our legacy

take place. This is a podcast all about learning to work and play well, which leads to a healthy

soul and a fulfilling life. Listen in.

Morgan Halsall, the author of Psychology of Money, got my buy-in in the first few pages as he

introduced the premise of his book, which is simply this. Doing well with money isn't necessarily

about what you know or how smart you are. It's about how you behave. Boom. Yes, yes, yes, yes. He goes on to say that money,

investing, personal finance, business decisions, anything that has to do with money,

it's typically taught as a math-based field. It's all about numbers. It's about equations,

formulas, data, how smart you are. And that makes sense, right?

Because money has to do with numbers.

But that's not where financial decisions are made.

They're emotional decisions.

I love this line that says,

real world people don't make financial decisions on a spreadsheet.

They make them at the dinner table or in a meeting room

where personal history and your own unique view of the world, ego, pride, marketing, and

...