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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.

There Is a Name

In a world of tolerance and pluralism, few truth claims taste as sour as this one: Jesus is the only way to God. Or as the apostle Peter so boldly says, There is salvation in no one else, for there is no other name given under heaven by which we must be saved. (Acts 4:12) Just one name for eight billion people? Just one Savior for almost seven thousand people groups? Just one heavenward path for men and women, young and old, urban and rural, Asian and American and African and European? Peter, apparently, felt unashamed of the claim. “Let it be known to all of you,” he began (Acts 4:10). But what Peter proclaimed, many of us whisper, especially among those who take offense. “No other name” may sound fine in small group, but our voices can crack at a neighbor’s kitchen table. Embarrassment, not boldness, might mark even the lovers of Jesus’s name. “Into this world of curse and sin, where half our house hangs over the cliff edge of judgment, God has given a name.” Perhaps, then, we need help feeling the wonder that there is any name at all. Into this world of curse and sin, where half our house hangs over the cliff edge of judgment, God has given a name. World with No Name By all just reckonings, we ought to live in a world with no name. We ought to walk east of Eden, with no promise of a coming son. We ought to toil under Pharaoh, with no outstretched arm to rescue. We ought to tremble before Goliath, with no David to sling his stones. We ought to hang our harps in Babylon, with no hope of a future song. On our own, of course, we struggle to consent to such dismal oughts. We feel, even if we do not speak, not that we ought to perish, but that God ought to save. We sense that heaven, not hell, is humanity’s default destination. We talk of a hundred paths up the mountain because we assume, deep down, that most (if not all) deserve to reach the top. Yet we feel, sense, and assume like this only when we feel, sense, and assume that our sin is smaller than God says. To those with slight views of sin, little could be more offensive than there being only one name. But for those who, like Job (Job 42:6), or Isaiah (Isaiah 6:5), or Peter (Luke 5:8), or John (Revelation 1:17), have found themselves thrust into the presence of the Holy One, little could be more wonderfully surprising. Why should God send a sunrise to pierce our chosen darkness? Why should the Father rise and race to meet his wayward son? Why should Christ become our Hosea to redeem us from the brothel? Why should heaven’s blood be shed to win back heaven’s haters? Why should Jesus give his name to rescue crucifiers? Only because the reckonings of heaven reach beyond mere justice. There Is a Name Now, hear again the words that so often offend or embarrass: There is salvation in no one else, for there is no other name under heaven given among men by which we must be saved. (Acts 4:12) The exclusivity of Jesus Christ does indeed sit at the center of Peter’s words, like a stone of stumbling or a rock of offense (Acts 4:11; Romans 9:33). Yet strewn around that stone are jewels so beautiful that Peter’s claim, so far from offending or embarrassing, ought to break the hearts of sinners and unloose the tongues of saints. NAME GIVEN There is . . . [a] name . . . given. When the Son of God was born in Bethlehem, he was born into a world without a saving name. No name among Greece’s wise philosophers could save. No name in Rome’s expansive pantheon could save. Israel, of course, had long taken refuge in the name of Yahweh (Exodus 34:6–7). Yet even Yahweh waited for the day when he would give his name in a new way — and through it, a salvation far beyond the Jews’ imagination (Jeremiah 23:5–6; Joel 2:32). Then on that lonely night, the God of heaven gave a name to lost and dying sinners. Unto us was born that day in the city of David a Savior, named Jesus Christ the Lord (Luke 2:11). Take heart, exiles of Eden. Have courage, slaves of Pharaoh. Lift up your heads, soldiers of Israel. Play your harps, prisoners of Babylon. Your God has come, and he has given you a name. UNDER HEAVEN There is . . . [a] name under heaven given among men. God could have given this name to the Caesars and Herods of the world. He could have handed it to the wise and powerful. Or most likely of all, he could have entrusted it to the Jews alone. Instead, he gave a name under (all) heaven, among (all) men. “Jesus’s name will meet the eastern sunrise. Jesus’s name will watch the western sunset.” Wherever men and women live under heaven, however far the image of God has wandered, there this name must go. It must run beyond Jerusalem; it must reach past Judea; it must fly outside Samaria to find the ends of the earth (Acts 1:8). As the psalmist sings, “From the rising of the sun to its setting, the name of the Lord is to be praised!” (Psalm 113:3). So it is and will be in Jesus. His name will meet the eastern sunrise. His name will watch the western sunset. And everywhere in between, all people “will be blessed in him, all nations call him blessed” (Psalm 72:17). FOR SALVATION There is . . . [a] name under heaven given among men by which we must be saved. God has given a name. This name is for everyone under heaven. And here is God’s purpose, God’s desire, in giving that universal name: my people must be saved (Acts 2:21). God saw fit to wrap salvation in the syllables of this name. “You shall call his name Jesus,” the angel told Mary, “for he will save his people from their sins” (Matthew 1:21). “God sees,” “God sympathizes,” “God strengthens” — any of these names would have been wonderful. But Jesus, “God saves” — or more literally, “Yahweh saves”? No wonder Mary marveled (Luke 1:46–55). God did not send this name into the world to condemn the world, but in order that the world might be saved through it (John 3:17). What a Glorious Name So then, in Jesus, we hear the only name that saves. We can, if we want, nurture offense or embarrassment about God’s giving only one name. Or we can thank God for that name, treasure that name, and join God himself in spreading that name wherever it is not sung. If we do, we join a mission that cannot fail. Hear God Almighty take up the longing of Psalm 113:3 and turn it into a prophetic promise, sealed twice over: From the rising of the sun to its setting my name will be great among the nations, and in every place incense will be offered to my name, and a pure offering. For my name will be great among the nations, says the Lord of hosts. (Malachi 1:11) His name will be great: in Zambia and New Zealand, in India and Iceland, in China and Colombia, and in the darkened streets of our own cities. And to that end, God has made us stewards of his sacred name. In Christ, we can shine the light that splits the darkness (Luke 1:78–79), lower the hand that lifts the fallen (Psalm 40:2), raise the snake that heals the bitten (John 3:14–15), and say the name that saves the sinner. There is no other name given among men by which we must be saved. And oh what a glorious name it is. Article by Scott Hubbard

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