Money Blind
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  • The Book
    • Introduction
      • Revolutionising your relationship with money
      • Better money decisions, step by step
      • The slow suicide of monetary self-deception
    • 1: Towards Financial Enlightenment
      • 1.1: Becoming Wiser with Money
        • 1.1.1: Becoming a better investor
        • 1.1.2: Financial philosophy: what is it and why is it necessary?
        • 1.1.3: The two types of financial errors
        • 1.1.4: What unites every money decision?
      • 1.2: The Root of All Deception
        • 1.2.1: Where does the path to good investing begin?
        • 1.2.2: Why focus on money?
        • 1.2.3: What other investment books miss
        • 1.2.4: Money Blind
      • 1.3: Money and the Good Life
        • 1.3.1: You are a brain surgeon
        • 1.3.2: The four types of knowing
        • 1.3.3: Putting knowledge to use: becoming practically wise
        • 1.3.4: What is the Good Life?
      • 1.4: Is the Good Life for Sale?
        • 1.4.1: Money. Huh. What is it good for?
        • 1.4.2: Is success for sale?
        • 1.4.3: Editing your life story
        • 1.4.4: From having a mind full of money to being mindful with money
      • 1.5: Money Maxims
        • 1.5.1: Resetting your relationship with money
        • 1.5.2: Principles
        • 1.5.3: Rules
        • 1.5.4: Triggers
      • Storytime: The most valuable knowledge in the world
    • 2: How to Have a Healthy Relationship with Money
      • 2.1: The Inner Game of Investing
        • Storytime: It. Never. Works.
        • 2.1.1: First per cent problems
        • 2.1.2: The only way to solve money problems
        • 2.1.3: Does financial advice help or hinder?
        • 2.1.4: How to stop financial rumination
      • 2.2: Misunderstandings and Lethargy
        • Storytime: Doubling down
        • 2.2.1: Expenditure is more important than income
          • 2.2.1.1: Universal basic instincts
          • 2.2.1.2: How to spend it, and not spend it
          • 2.2.1.3: The unexamined dollar is not worth a dime
          • 2.2.1.4: Adviser or enabler?
          • 2.2.1.5: The game of life is not a numbers game
        • 2.2.2: Enough is more important than more
          • 2.2.2.1 Give, give, give, me more, more, more
          • 2.2.2.2 If less is more, then more is also less
          • 2.2.2.3 Enough is enough
          • 2.2.2.4 Right place, wrong mime
          • 2.2.2.5 Enough is more than enough
        • 2.2.3: Value is more important than price
          • 2.2.3.1: Is it better to look rich, or be rich?
          • 2.2.3.2: Is it better to own or to rent?
          • 2.2.3.3: There is always an underlying emotional reward
          • 2.2.3.4: Selling style over substance
          • 2.2.3.5: Putting a price on real value
        • ↓ Coming Soon ↓
        • 2.2.4: All purchases are investments
      • 2.3: How You Do Anything Is How You Do Everything
        • Storytime: What do Blackheath people do?
        • 2.3.1: Beware the Arrival Fallacy
        • 2.3.2: Beyond needs and wants
        • 2.3.3: Denunciation is still attachment
        • 2.3.4: Take control
      • 2.4: All Success Is Subjective
        • Storytime: Hollywood Hero
        • 2.4.1: No human is an island
        • 2.4.2: What are you worth?
        • 2.4.3: Write your own success story
        • 2.4.4: Be your own hero
      • 2.5: Inspired by Love and Guided by Knowledge
    • 3: How to Invest Like a Non-idiot
      • 3.1: All Investments are Gambles
      • 3.2: Your Life in Your Money and Your Money in Your Life
      • 3.3: The Investment Universe in a Grain of Sand
      • 3.4: There Is No Best Investment
      • 3.5: No Investment is an Island
    • 4: How to Get Help That's Actually Helpful
      • 4.1: Help!
      • 4.2: (Almost) All Financial Advisers are Crooks or Idiots
      • 4.3: Know your Enemy, and Your Friends
      • 4.4: Should You Hire Help or Go It Alone?
      • 4.5: The Future of Financial Advice
    • 5: How to Buy a Better Life
      • 5.1: Be a Financial Philosopher
      • 5.2: The At-Least-I-Know-I'm-Doing-Something-Right Investing Checklist
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    • What this book is about
    • What this book isn't about
    • This book's logical flow
    • If... Then...
    • Stories
    • Maxims
    • Contact and comments
    • Editing guidance
    • Endnotes
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  1. The Book

1: Towards Financial Enlightenment

What you need to know about money – and how to know it

Become such as you are, having learnt what that is. – Pindar, Pythian Odes

I feel it is the duty of one who goes his own way to inform society of what he finds on his voyage of discovery. – Carl Jung, Two Essays on Analytical Psychology

Investing is not the study of finance. It’s the study of how people behave with money. – Morgan Housel, The Psychology of Money

What this part is about

Making space for good ideas by ridding yourself of deceptive ones – Self-deceit repels any advice that doesn’t double-down on the deception. And it’s incredibly hard to overcome. But it’s especially important to do so with money. Because money deceives us more, and has more wide-ranging (and expensive) consequences, than anything else.

Trusting your own truth so you don’t get waylaid by someone else’s – Finance demands a philosophy. A way of understanding yourself, and how you live with money. Without one, you waste money, time, and energy chasing other people’s dreams, and flick from one siren-call of investment advice to the next, never sure if what you’re doing is right for you.

Cultivating wisdom and putting it to use – Your financial philosophy is tied to your life, not a textbook. But what makes it robust is an understanding of knowing what you know, how you know it, and how to use it in insightful and practically wise ways.

What this part isn’t about

Abstract theory – Tempting as it is to jump to the investing checklist, and dismiss the cultivation of wisdom that actually makes it useful, doing so simply doesn’t work. Becoming wiser should not be dismissed as a theoretical add on. It is by definition a practical endeavour.

Tired clichés – Thinking more mindfully about money does not mean spouting fortune-cookie claptrap about ‘abundance mindsets’ and spending your money on crystals rather than Cristal.

Pretending that the philosophy can wait – Philosophy isn’t a nice to have, or something to sort out when the finances are sorted. Finances without a grounding philosophy cannot be sorted.

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Last updated 4 years ago

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