The psychology of money | Morgan Housel x Grab

Episode 1: Psychology

You don’t need to be a genius to do well financially.

What then, is the secret? It all boils down to your mindset – the way you think and act.

In this premiere episode, award-winning author, Morgan Housel tells you why being financially successful has 90% to do with what you do, rather than what you know.

Key takeaways

  • Growing your money is determined by your thinking and behavior, not by what you know
  • Doing well financially comes down to two things; investing your money and giving it time to grow
  • A mindset that primes you for financial success embraces patience, humility, discipline, and a low ego

About the series

What is money to you?

This exciting 7-part mini-series explores the way we think about our money.Because our relationship with our money affects every financial decision, big or small. 

This includes how we save and spend – whether we pay in full or in instalments, chart our money growth, or even get that cup of bubble tea. 

Interestingly, most of our decisions are driven not only by what we know, our intricate plans and calculations, but are keenly motivated by how we think and act – our moods, past experiences, interaction with external incentives, and a whole lot of other factors.

That’s why it’s so important to build the right money mindset to set you up for financial success.

About the speaker

Morgan Housel, an award-winning author of the book “The psychology of money”, is a financial writer, investor, and former columnist at The Motley Fool and The Wall Street Journal. He is currently a partner at Collaborative Fund, a venture capital company.

What’s next?

The highest form of wealth. It’s not as elusive as you think. 

What is it and how does one attain it? 

Stay tuned for the next episode to find out.

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Komsan Chiyadis

GrabFood delivery-partner, Thailand

Komsan Chiyadis

GrabFood delivery-partner, Thailand

COVID-19 has dealt an unprecedented blow to the tourism industry, affecting the livelihoods of millions of workers. One of them was Komsan, an assistant chef in a luxury hotel based in the Srinakarin area.

As the number of tourists at the hotel plunged, he decided to sign up as a GrabFood delivery-partner to earn an alternative income. Soon after, the hotel ceased operations.

Komsan has viewed this change through an optimistic lens, calling it the perfect opportunity for him to embark on a fresh journey after his previous job. Aside from GrabFood deliveries, he now also picks up GrabExpress jobs. It can get tiring, having to shuttle between different locations, but Komsan finds it exciting. And mostly, he’s glad to get his income back on track.