The Mindset of Broke People

It's not just what you know about money that makes you successful; it's also how you think about it. It's not easy to break those habits, not even for the smartest people.

Numbers and plans are often used to teach people how to make financial choices, like whether to trade, save, or spend. But in fact, these choices are made in a setting that is shaped by people's pasts, feelings, and the way things are in society.

Alan Murphy Jr.'s book The Mindset of Broke People talks about nine big mistakes that people make that keep them from being financially successful. There are helpful case studies in the book that show these mistakes and help readers understand how to avoid them and change their financial future.