‘The Psychology of Money’, ‘Ikigai’ and ‘The Monk who sold his Ferrari’

Well, today I’m in a mood to review three non-fiction books namely ‘The Psychology of Money’ by Morgan Housel, ‘Ikigai’ by Hector Garcia and Francesc Miralles, and ‘The Monk who sold his Ferrari’ by Robin Sharma.

Beginning with the first, ‘The Psychology of Money’,

I must say the book is very well-written. There are many places where a reader feels connected and accepts the truth stated therein. The author has widely covered the subject and tried to explain how it is important to be conservative while being aggressive.

However, I felt the book is more or less talking about the financial markets, and that too equity markets most of the time. Since the writing flow is so good, we miss this point. The book hardly conveys about Money as a whole while the fact is money is not grown or created just in the financial markets.

Secondly, when I say it is more or less concerned about equity markets and that too sometimes for a duration that’s beyond a man’s average life, it loses the practical implications. Take for example, on page 77, it discusses three investors Sue, Jim and Tom who invested from 1900 to 2019 for 119 years. Here the author also fails to make a comparison with the other investment products such as debt and only talks about the stock market.

Overall, the book is a good read.

Next comes ‘Ikigai'.

Ikigai is also written nicely and a lot of live examples are given to explain its concept, which largely can be defined in one word – ‘Purpose’.

The overall motto of the book is: Life needs to have something special and at the same time one needs to keep an easy-to-go approach to live longer and without diseases.

The third book, ‘The Monk who sold his Ferrari’,

This is also a good book that has the capacity to fuel a lot of positivity in an individual. It is a fable as is written on the cover and thus has narration.

A story of transformation of a lawyer who becomes healthy and young after he quits his material life and starts searching for the real meaning of life, the book has a lot to help you control your mind and live in the present moment.

Except that it becomes repetitive at some places (which I think many of the non-fiction books are), the book is overall a very good read.

Lastly, about my book ‘Sack Me If you Wish’ (we authors never forget about our own baby! Laugh-out-loud.), well, I would just say I could have created three books if I had followed the flow of any of the three books that I’ve reviewed above. The titles of those three books then had been ‘Securing your financial future’, ‘Managing a job loss’, and ‘From Failure to Philosopher’.

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