‘Psychology of Money’ Author Morgan Housel Doesn’t Believe in One-Size-Fits-All Money Advice

©Morgan Housel

Morgan Housel is a partner at The Collaborative Fund, author of “The Psychology of Money,” and a former columnist at The Motley Fool and The Wall Street Journal. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, winner of The New York Times Sidney Award and a two-time finalist for the Gerald Loeb Award for Distinguished Business and Financial Journalism.

Recognized by GOBankingRates as one of Money’s Most Influential, here he shares why he believes money management is personal.

What’s the one piece of money advice you wish everyone would follow?

Equally smart and informed people can manage their money differently. There is no one-size-fits-all answer. A lot of money problems come from people not knowing what they want out of life, or following advice that fits someone else’s dreams.

Jaime Catmull contributed to the reporting for this article.

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Gabrielle joined GOBankingRates in 2017 and brings with her a decade of experience in the journalism industry. Before joining the team, she was a staff writer-reporter for People Magazine and People.com. Her work has also appeared on E! Online, Us Weekly, Patch, Sweety High and Discover Los Angeles, and she has been featured on “Good Morning America” as a celebrity news expert. 
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