The Crazy Stuff We Do With Money—Explained

I’ve got some good news. You’re not crazy.

That’s the message of one of my favorite books of 2020, “The Psychology of Money,” written by Morgan Housel and inspired by a popular blog post he wrote in 2018. It’s a compelling read and the book offers many great lessons, but I thought this particular encouragement was worthy of the fresh slate afforded us all by the start of a new year:

“We all do crazy stuff with money, because we’re all relatively new to this game and what looks like crazy to you might make sense to me. But no one is crazy—we all make decisions based on our own unique experiences that seem to make sense to use in a given moment.”