By: Melissa Ballard
We are on a mission to help our clients live more fulfilling lives, not just by helping them build wealth through time, but also by giving them room to reflect on their financial behaviors, to think about how they view their money, and to help them shepherd their children to do the same.
Recently, Roch Monnig, Jr., an Associate Advisor on the PYAW team, shared a book he found impactful, and was certain would help our team and our clients on our mission.
The book, The Psychology of Money by Morgan Housel, shares short stories to explore the (often) strange ways we think about money and identifies lessons worthy of pondering. Below are a few snippets to give you the flavor of the book:
- "Wealth is what you don't see. Spending money to show people how much money you have is the fastest way to have less money."
- "...Saving does not require a goal of purchasing something specific. ... Savings without a spending goal gives you options and flexibility, the ability to wait and the opportunity to pounce. It gives you time to think. It lets you change course on your own terms."
As April is Financial Literacy Month, we’d like to offer you, your children, grandchildren, or anyone else important to you, a copy of The Psychology of Money. Stop by any time this month for a cup of coffee and grab a copy of the book. Or give us a call and we’ll gladly have one shipped to you or your loved one.
It is a privilege to walk alongside you and your family. We see the passion you have for your families as well as the joy and pain that come with both great and poor financial behaviors. We hope you’ll take us up on this offer, as we believe this book will offer a positive takeaway for everyone.