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The Psychology Of Money (Timeless Lessons On Wealth, Greed And Happiness) The Psychology Of Money (Timeless Lessons On Wealth, Greed And Happiness)

The Psychology Of Money (Timeless Lessons On Wealth, Greed And Happiness) Order Printed Copy

  • Author: Morgan Housel
  • Size: 3.62MB | 255 pages
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About the Book


"The Psychology of Money" explores the complex relationship between money, wealth, greed, and happiness. Author Morgan Housel provides timeless lessons on how individuals can navigate their personal finances and make better decisions based on understanding their own psychology and behaviors. The book delves into the importance of managing emotions, avoiding common pitfalls, and prioritizing long-term financial well-being over short-term gains.

Jane Grey

Jane Grey Lady Jane Grey is one of the most romanticized monarchs of Tudor England. Her nine-day reign was an unsuccessful attempt to maintain Protestant rule. This challenge cost her the throne and her head. Who Was Lady Jane Grey? Lady Jane Grey's life began with promise and high expectations but ended tragically, due in part to the ambitions of her father and the religious strife of the times. The great-granddaughter of Henry VII, Grey was named the successor to Edward VI during a tumultuous competition for the throne. She was deposed as Queen of England by Mary Tudor on July 19, 1553 — nine days after accepting the crown. Grey was beheaded in London on February 12, 1554. Early Life Jane Grey was born in 1537, in Leicester, England, the oldest daughter of Henry Grey and Lady Frances Brandon and the great-granddaughter of Henry VII. Her parents saw to it that she received an excellent education, intended to make her a good match for the son of a well-positioned family. At the age of 10, Jane went to live with the conspiratorial Thomas Seymour, Edward VI’s uncle, who had only recently married Catherine Parr, the widow of Henry VIII. Jane was raised as a devout Protestant and proved to be an intelligent and engaged young woman, remaining close to Thomas Seymour and Catherine Parr until Parr’s death in childbirth in 1548. Seymour was executed for treason in 1549. Arranged Marriage Henry Grey, now Duke of Suffolk, introduced his beautiful and intelligent daughter Jane to the royal court in 1551. In order to consolidate his family’s power, Grey arranged for the marriage of two of his daughters to scions of two other prominent families. In a triple wedding in 1553, Jane married Lord Guildford Dudley, the son of the Duke of Northumberland, alongside the groom’s sister Katherine, who married Henry Hastings, heir to the Earl of Huntingdon. Jane Grey’s sister Catherine married the heir of the Earl of Pembroke in the same ceremony. Background on England's State of Affairs After Henry VIII’s death in 1547, his only male heir, Edward, assumed the throne. Sickly with tuberculosis and only 10 years old at the time of his coronation, Edward VI was easily manipulated by calculating individuals such as the fiercely Protestant John Dudley, Duke of Northumberland, who acted as regent to the young king. By January 1553, it was clear Edward was dying, and Dudley was desperate to prevent the throne from passing to Edward’s half-sister, Mary Tudor, a devout Catholic. As the daughter of Henry VIII and Catherine of Aragon, Mary became a pawn in Henry’s quest for a male heir. Henry had divorced Catherine, declaring his marriage null because she was the former wife of his deceased brother. This also deemed Mary illegitimate in the eyes of the court. Queen for Nine Days In early 1553, John Dudley brought forth the same charge against Mary and convinced Edward to continue to support the Protestant Reformation by declaring Jane his successor. Edward VI died on July 6, 1553, and the 15-year-old Lady Jane Grey, somewhat reluctantly but dutifully, agreed to become Queen of England and was crowned four days later. However, she faced strong opposition from Mary Tudor and Parliament, both citing the 1544 Law of Succession, which clearly stated Mary should be queen. Public support for Jane’s rule evaporated when it was learned that the unpopular Dudley was behind the scheme. With opposition mounting against Jane Grey, many of her supporters quickly abandoned her, including her father, who futilely attempted to save himself by supporting Mary as queen. The council didn't buy it and declared him a traitor. On July 19, 1553, Jane’s nine-day reign ended, and she was imprisoned in the Tower of London. John Dudley was condemned for high treason and executed on August 22. On November 13, Jane and her husband, Guildford Dudley, were likewise found guilty of treason and sentenced to death, but because of their youth and relative innocence, Queen Mary did not carry out the sentences. Execution Alas, Jane’s father, Henry Grey, sealed her fate and that of her husband when he joined Sir Thomas Wyatt’s insurrection against Mary after she announced, in September 1553, that she intended to marry Philip II of Spain. It didn’t help her cause when Jane condemned Mary’s reintroduction of the Catholic Mass to the Church. When Mary’s forces suppressed the revolt, she decided it best to eliminate all political opponents. On the morning of February 12, 1554, Jane watched from her cell window as her husband was sent to the executioner’s block. Two hours later she would meet the same fate. As she stood before the chopping block, she is believed to have stated that she recognized her act had violated the queen’s law, but that she was innocent before God. Legacy Lady Jane Grey has been viewed as a Protestant martyr for centuries, “the traitor-heroine” of the Reformation. Over the centuries, her tale has grown to legendary proportions in popular culture, through romantic biographies, novels, plays, paintings and films. Yet, her reign was so short, she had no impact on the arts, science or culture. No laws or shifts in policy were passed during her brief nine-day rule. Perhaps her youth and willingness to be of service to the ambitions of others for what she believed was the greater good is her most impressive legacy.

the deadly deceit in material desires

Bible study often exposes us. As I sat in a Bible study recently, the leader asked our group how we heard Jesus’s voice and how we follow, like he says in John 10:27: “My sheep hear my voice, and I know them, and they follow me.” One woman sitting next to me measured the voice of God in the many blessings of her life — a new house purchased without difficulty, an old house sold without stress. She was now enjoying life in her dream home in the warm, dry climate of her dreams. And all thanks to a painless move. She gave evidence for how smoothly her life was moving along, like dominoes falling perfectly in order. As I sat there listening, I couldn’t help but feel troubled. I knew that not a few women around us were following Christ through troubled marriages, battles with cancer, or the grief of lost babies. Some faced the drone of unceasing financial hardships — the exact opposite of how some of us define God’s blessing on our lives. And yet we who are struggling can listen for Jesus’s voice with desperation and longing. We can desire to follow him as much — perhaps more — than the materially blessed. Blessing’s Bluff A smile and an open Bible can press down so hard on raw hurt when we measure God’s blessing with material prosperity. The effect is something I’ve heard expressed by many and have seen dramatized in “Christian” movies. You can know you’re blessed by God when everything goes well for you. Just trust God while you do  A + B  and, as long as you have enough faith, you should get  C  every time: the life you’ve always wanted. It’s a simple formula for the “blessed” life, with Jesus on top! But owning a nice house with a spacious kitchen, or driving a shiny car with no dents, or basking in financial abundance and easygoing circumstances are not reliable evidences of God’s blessing in this age. The formula might look attractive in a movie, but it contradicts both the Bible and the real-life experience of many struggling saints who are faithful in the challenges, insecurities, and pains of everyday life. Deadly Equation As I thought about what that nice lady had said about how blessed she was, Jesus spoke to me though his word: “He makes his sun rise on the evil and on the good, and sends rain on the just and on the unjust.” (Matthew 5:45) What the lady next to me said is true in a sense — she is blessed by God. But so is the greedy miser who sits in his penthouse with wealth he earned through a harsh abuse of power. Both the good lady next to me and the oppressive evil tyrant are blessed with comforts and provisions, sun and rain, houses and air conditioning every single day. God is sovereign, and he radiates goodness and pours out unearned blessings of all kinds every day. He blesses all with his common kindness. The formula  God’s blessing = life comfort  is a deadly one. And it’s not an isolated issue either. Unfortunately, the equation seems to be ingrained into so much American Christianity, and it’s part and parcel of the prosperity gospel that false teachers in our nation export to the world. And when I’m not careful, the plank that is the prosperity gospel protrudes  from my own eye . Bruised and Blessed God’s common kindness reaches us all, but it takes  saving grace  to turn to Jesus when marriage is hard, when a woman — my friend — loses three babies, or when a young missionary is told he has end-stage cancer. The Bible doesn’t offer a formula, but points us to a Savior—a battered, crushed, beaten, bruised, bloodied Savior. And the special blessing of God’s presence is with those who are walking in suffering, the same road Jesus himself walked. He is present  in  the path of pain and trial and heartache. God was present in Joseph’s pain: Joseph’s master took him and put him into the prison, the place where the king’s prisoners were confined, and he was there in prison. But the Lord was with Joseph and showed him steadfast love and gave him favor in the sight of the keeper of the prison. (Genesis 39:20–21) God was present in David’s darkness: Even though I walk through the valley of the shadow of death, I will fear no evil, for you are with me; your rod and your staff, they comfort me. You prepare a table before me in the presence of my enemies; you anoint my head with oil; my cup overflows. (Psalm 23:4–5) God is present with us in today’s suffering: Beloved, do not be surprised at the fiery trial when it comes upon you to test you, as though something strange were happening to you. But rejoice insofar as you share Christ’s sufferings, that you may also rejoice and be glad when his glory is revealed. If you are insulted for the name of Christ, you are blessed, because the Spirit of glory and of God rests upon you. (1 Peter 4:12–14) So with God’s help, I remove my self-centered, American-dream plank and its sinful impulse to want a god who makes me the center and not him. My plank must come out first. And with God’s help, I toss aside the lie that we find God’s blessing in easy circumstances, or in health, or in financial prosperity. And with God’s help, I’ll keep the path, holding firmly to the hand of my Good Shepherd.

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