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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.

Charles Colson

Charles Colson F Scott Fitzgerald once said: "There are no second acts in American lives." Charles Colson might have caused him to reconsider. In 1972, Colson, who has died aged 80, boasted to his colleagues in Richard Nixon's White House that he would "walk over my own grandmother" to get Nixon re-elected. His path led not over his grandmother, but through the Watergate scandal to prison, and then to a remarkable transformation into an evangelical Christian leader, bestselling writer and prison reformer. "Chuck" Colson called himself Nixon's "hatchet man", and it was in this role that he drew up the president's famous "enemies list". High on that list was Daniel Ellsberg, the US military analyst who leaked the Pentagon Papers to the New York Times in 1971. The papers were a series of secret reports commissioned by John F Kennedy's defence secretary Robert McNamara which contradicted the public policy statements of three American administrations over the Vietnam war. Nixon assigned Colson to discredit Ellsberg. Colson, armed with a budget of $250,000 from the Committee for the Re-Election of the President, had already hired his former college classmate E Howard Hunt to create the White House unit known as "the plumbers", as they were intended to stop embarrassing leaks. Hunt's team burgled the offices of Ellsberg's psychiatrist, and made plans to have Ellsberg beaten, while Colson leaked smears to the press. In early 1972, Colson got White House approval for a plan concocted by Hunt and G Gordon Liddy, another of the plumbers, to "gather intelligence" for the upcoming election. Hunt's burglars were caught by a sharp-eyed security guard inside the Democratic party's headquarters at the Watergate complex in Washington. An address book found on one of them led back to the White House, but the scandal failed to have an impact on the election, which Nixon won. Colson joked with Hunt that Watergate would be remembered as a brilliantly conceived escapade to "divert the Democrats' attention from the real issues, and therefore permit us to win a landslide we probably wouldn't have won otherwise". Without realising it, Colson had created the template which now dominates modern politics. But after the election, the Watergate investigations persisted. As Nixon's aides toppled one by one, Colson led the effort to smear those testifying, including another White House lawyer, John Dean, whose evidence against Nixon was particularly damning. Finally, Colson, too, resigned, in March 1973. A year later, he was indicted for his part in the cover-up. Facing an impeachment trial, Nixon resigned on 9 August 1974. Colson's religious conversion began while he was awaiting trial. Thomas Phillips, chairman of the defence contractor Raytheon, gave him a copy of CS Lewis's Mere Christianity, and he joined a congressional prayer group. When the 60 Minutes interviewer Mike Wallace challenged his sincerity, Colson decided to atone. Colson's lawyers negotiated a plea bargain of guilty to one count of obstruction of justice relating to the Ellsberg break-in. Sentenced in 1974 to one to three years, he served seven months in federal prison and was released in January 1975. Ellsberg himself said that he doubted the conversion, noting that Colson continued to deny more serious crimes. Colson was born in Boston. His father, Wendell, worked for the Securities and Exchange Commission. Colson attended Browne & Nichols, an elite school in Cambridge, Massachusetts, and then went to Brown University in Providence, Rhode Island, on a naval reserve programme. After graduation, he served in the marine corps, then became an aide to the Massachusetts senator Leverett Saltonstall. Through Saltonstall, he met Nixon, then US vice-president, and in his own words, instantly became "a Nixon fanatic". After getting his law degree from George Washington University, he worked on Saltonstall's successful 1960 re-election campaign, before founding a law firm which became influential. In 1964 he wrote a memo to Nixon, who had lost the California gubernatorial election, outlining his plan to return Nixon to prominence; and in 1968 he joined Nixon's campaign. Nixon won the presidency in 1969 and appointed Colson his special counsel. In prison, Colson embraced born-again Christianity. In his biography Charles W Colson: A Life Redeemed (2005), the former Tory cabinet minister Jonathan Aitken says that Colson "transferred his huge drive, intellect, and maniacal energy from the service of Richard Nixon to the service of Jesus Christ". After prison, Colson wrote a bestselling memoir, Born Again (1976), which was filmed in 1978. He also founded a series of non-profit organisations, such as Prison Fellowship Ministries, which aimed to convert the convicted. Colson wrote more than 30 books, channelling the royalties into his ministries, to which he also donated the $1.1m Templeton prize, for promoting religion, which he won in 1993. In 2000, the Florida governor Jeb Bush reinstated Colson's voting rights (in that state, a convicted felon may not vote), saying: "I think it's time to move on. I know him, he's a great guy." In 2002 Colson joined fellow evangelicals in signing the Land Letter, urging President George W Bush to pursue a "just war" in Iraq. In 2008 he received the Presidential Citizens medal from Bush. Colson is survived by his second wife, Patricia, and by two sons, Wendell and Christian, and a daughter, Emily, from his first marriage, which ended in divorce. Charles Wendell Colson, political aide and prison reformer, born 16 October 1931; died 21 April 2012

Romance After Kids

“Romance is the privilege of the rich, not the profession of the unemployed,” wrote Oscar Wilde. “The poor should be practical and prosaic.” I can partially relate to this sentiment. While I am not, in any estimation, to be numbered among the financially poor, I may be considered more impoverished in the currencies of independence and time. I am a father of five. My wife is currently recovering from COVID-19, and we are rounding out our second extended quarantine of the last two months. And in the last few days, two of our children’s stomachs have decided to expel their contents. Our world orbits around need; and needs call for a more practical and prosaic season of life that all but excludes the possibility of romance, right? Quality time — undistracted and full of energy — seems like the privilege of the bourgeois. But is it? Should we pause romance in this season? Should we simply acknowledge that we are shoulder-to-shoulder, not face-to-face, as we battle for the kindness and cleanliness of our kids? Why Romance Is Worth Pursuing I don’t believe we should pause romance in the demanding and chaotic world of parenting. Consider at least three reasons why. First, delight in beauty is the sustaining substance of life. The battlefield of child-rearing is not for the faint of heart. Without consistent moments to be refueled together by the beauty of God in his creation (I’m thinking Psalm 19-style sunrises and sunsets, rich flavors, unforgettable melodies, and especially the divine image in each other), we will succumb to fatigue and forget why we’re raising the children to begin with. Second, children need their parents’ affection for each other. God created parenting to be a completion of joy, an overflow of it. It is a Trinitarian image, whereby the mutual delight of the parents spills itself into creation. To quote thirteenth-century theologian Meister Eckhart (speaking in human terms and however imprecisely), “God laughed and begot the Son. Together they laughed and begot the Holy Spirit. And from the laughter of the Three, the universe was born.” The nourishing and cherishing of Ephesians 5 doesn’t simply transfer to your children. “No one ever hated his own flesh, but nourishes and cherishes it, just as Christ does the church” (Ephesians 5:29) — I am convicted as I type. Spouses (with a special emphasis on husbands) are called to invest deeply into one another, with the nourishing and cherishing of one’s own body, implying more than mere functional living or co-laboring. “Cherish,” after all, is not a prosaic word. It is infused with deep delight, the kind of word husbands search for to express their affection in a poem or song. Practical Advice for Married Couples So, let’s get practical (but not prosaic). What might romance look like in the season of survival on the Serengeti that is parenting? What follows is a list that mingles my own successes, failures, sin, and idealism, ranging from the mundane to the magical. Okay, mostly mundane. Most of it lives miles from a gondola in Venice, but placed on the battle for the souls of your children, every intentional face-to-face moment really helps. Take what helps. 1. Wake up together. Most husbands need less sleep than their wives, but trying to coordinate either sleep or wake time can be good for your marriage. For us, it’s been wake time most recently. We get up most mornings before the kids are stirring. Yes, it’s dark. It feels like the middle of the night (because it is) and our eyes are bleary. But the world is quiet and we rehearse the mercies of God out loud to one another, and of course to him, as we paraphrase the Psalms. We directly thank him for the undeserved gift of one another — boom, romance. 2. Take a few minutes to connect. This must be intentional, and it usually can’t be during dinner. Dinner is a wonderful opportunity to shepherd your children, but in most larger families, it is likely too chaotic to be a face-to-face moment with a spouse. The moment I’m speaking of is right after the kids are in bed. The reason it must be intentional is that you are likely drifting into a trance of fatigue, and some form of unwinding seeks your attention. But so does your spouse’s soul. And to turn to one another, without the television on or the phone in hand, and simply say, “Tell me about your day,” is fresh wind for your marriage. I might even recommend a few fun questions to pull from a hat in order to engage one another with more intrigue and substance. 3. Play. After ten o’clock on most nights, my wife loses much of her filter to weariness and goes into full sass mode. She throws playful jabs my way and laughs until she cries, and I tend to amplify her delight with my over-the-top responses. It would probably look to the outsider like two middle school kids flirting, but it is an ironic display of marital safety and affection that is probably indispensable in this season. I would be hard-pressed to overstate the value of humor as a means of romantic connection. 4. Write to one another. Even if you say you’re not a “words of affirmation” person, you are more than you realize. Your spouse is too. And when the words are written rather than simply spoken, they affect us powerfully. I think it’s because those words reflect deeper thought, deeper consideration, and deeper investment of time than something more spontaneous. That’s why a text message stating affection is good, but a sonnet is better. Or even a limerick if you’re not into iambic pentameter. 5. Get out into creation. The heavens declare the romantic heart of God. The sun exclaims the joy and love of the Bridegroom (Psalm 19:1–5). A breeze whispers his gentleness, and the autumn leaves remind us of the beauty of Christ’s death. It doesn’t take the reservation of an Airbnb in Montana to engage the created world together. We sat on the back porch for a few minutes this week and marveled at the sudden bright yellows of the leaves behind the house. Consistent peeks outside or regular walks around the neighborhood, especially hand in hand, can bring peace to chaos. Speaking of hand in hand . . . 6. Show physical affection. Keep holding hands in public. Or start holding hands in public. Half-mindlessly rub her back while you’re sitting on the couch. Don’t let the heckling of your teenagers keep you from a spontaneous hug in the kitchen. There was a moment, likely when you were dating, when the brush of your now-spouse’s hand was electric. The same desire, albeit without the giddiness, still resides in you. Touch is connection, and connection between two desire-laden, God-imaging souls is at the heart of romance. 7. Recall the wonders of God in your family’s life. This is a clear command and practice in Scripture (see Psalm 136), and it is a poetic moment when practiced well. It ought to be a normative part of your prayer life, but we find it helpful to also formalize the practice. Each year on our anniversary, we pull out a journal and jog our memories about all the big events and sweet moments of the previous year. It is a connecting moment of sentiment, laughter, and gratitude. 8. Get away and dream. This is a privilege that not all parents have the resources to enact. It requires willing babysitters (often family because of the sizable commitment) and sometimes money. We went three years without a night away at one point. And again, it doesn’t have to be in some exotic bungalow in Fiji. But one of our fonder marital memories was a simple switching of houses with my parents for a night so that we could come out of the winds and talk uninterruptedly about what the Lord might have for our future. 9. Play music. I don’t mean that you need to turn your family into the Von Trapps. If anyone in your family can conjure a melody with voice or violin, all the better, but I am here referring to a simple song in the background. Whether it’s a hymn (Indelible Grace gets a lot of air time in our household), a soundtrack, or a beat to dance to, music awakens the soul. It allows easier access to emotion and meaning in the mundane moments. Use the gift of Spotify or a phonograph. 10. Speak the delights of God to your spouse. While this is an admittedly shoulder-to-shoulder activity (since your collective gaze is elsewhere), it is akin to watching a sunset or a play, only with deeper relational weight. After all, you are fostering the romance between your spouse and the true Bridegroom. To speak the wonders of God’s holiness, his fatherly delight, and the wonders of his love, is to kindle the soul. So don’t just memorize Scripture. Memorize it in order to tell her of the dimensions of the love of Christ, and so fill her with the fullness of God (Ephesians 3:19). Life, even the life of a child-chasing parent, is magical. And marriage, even the mostly shoulder-to-shoulder kind that is stretched to its limit by fatigue and chaos, is still a picture of Christ and the church. Ask your heavenly Bridegroom for eyes to see that afresh and the energy to enact a bit of intentional romance. Article by Matt Reagan

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