The Psychology of Money From an industry that talks too much about what to do, and not enough about what happens in your head when you try to do it. By Morgan Housel, The Collaborative Fund Collaborative Fund is a leading source of capital for entrepreneurs pushing the world forward. More at www.collaborativefund.com. The Psychology of Money. Doing well with money isn't necessarily about what you know. It's about how you behave. And behavior is hard to teach, even to really smart people. Money—investing, personal finance, and business decisions—is typically taught as a math-based field, where data and formulas tell us exactly what to do.

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The Psychology of Money Taking a Rational Approach to Managing Your Wealth Wealth is a complex concept, and your perceptions, biases and emotions about money can affect the financial decisions you make. Understanding this dynamic and developing strategies for making objective decisions about money can help you manage your wealth more wisely.. About This Book. Doing well with money isn't necessarily about what you know. It's about how you behave. And behavior is hard to teach, even to really smart people.Money—investing, personal finance, and business decisions—is typically taught as a math-based field, where data and formulas tell us exactly what to do.