Money isn’t just numbers.
It’s not just about how much you earn or how smart you are.
It’s about how you think and behave with money.
Morgan Housel’s bestselling book, The Psychology of Money, is anything but a boring finance textbook. It’s a collection of 20 short stories that reveal the real secrets of wealth — lessons that apply whether you’re a tricycle driver, an OFW, or a CEO.
Why Filipinos Need This Book Now
Let’s be honest: many Filipinos are good at kita (earning), but not always good at hawak (holding) money.
We hustle. We work overtime. We take side gigs.
Yet so many end up living paycheck-to-paycheck.
Why?
Because no one really teaches us the psychology of money — only the math.
Housel’s book explains why behavior matters more than IQ, why envy kills more wealth than poverty, and why “enough” is the most powerful word in finance.
Key Lessons Every Filipino Should Know
1. Wealth is What You Don’t See
That kapitbahay with the brand-new SUV? They might be drowning in debt. True wealth is hidden — in savings, investments, and time freedom.
2. Luck and Risk Are Cousins
Not all rich people got there by hard work alone. Some had good timing, good health, or just good breaks. And sometimes, bad luck hits even the smart ones.
3. “Enough” Can Save Your Life
Many destroy their future because they always want more. Housel warns: know when to stop chasing and start living.
4. Compounding is Magic — if You’re Patient
It’s not about doubling your money overnight. Small, steady growth over decades beats risky “jackpot” bets.
5. Your Game is Different from Others
Your financial goals are not your neighbor’s goals. Play your own game, not someone else’s Instagram life.
Why This Book Hits Home for Filipinos
Filipinos are natural dreamers — but we’re also natural helpers. Many of us support extended families, send cousins to school, or build houses for parents.
That’s why this book is important: it reminds us that financial independence is not selfish — it’s the foundation for helping others without sinking yourself.
AI Says: This Book is a Mirror
If AI could give you just one money tip from Housel, it’s this:
“The goal is not to be rich. The goal is to be free.”
This book doesn’t just teach you how to get money — it teaches you how to keep it, respect it, and use it to build a life you don’t need a vacation from.
Conclusion
If every Filipino read The Psychology of Money, our streets might have fewer luxury cars on loans and more quiet millionaires with solid savings.
We’d stop chasing every “get rich quick” scheme and start playing the long game.
We’d stop measuring success by what we see, and start building success by what we keep.
Because in the end, money is not about what’s in your wallet.
It’s about what’s in your mind.
🔍 What Is Mastery? Published in 1992, Mastery: The Keys to Success and Long-Term Fulfillment by George Leonard is a Read more
What happens when a 19th-century revolution meets 21st-century algorithms? What if Jose Rizal wrote Noli Me Tangere today, not with Read more
By Melanie Mitchell Ever wondered if machines can ever really think—or are they merely fancy parrots mimicking our messy human Read more
Introduction: Are We Still Surrounded by Idiots? More than a decade after its release, Thomas Erikson’s book, Surrounded by Idiots, Read more
