Book Review: The Psychology of Wealth

May 23, 2021


The New York Times and Wall Street Journal bestseller 2012




GENRE  Financial guide

AUTHOR Charles Richards 



The psychology of wealth is forwarded by Donald Trump
 "It is the most comprehensive overview of the skills and mindset necessary for success. Prosperity can be achieved by anyone, the author showed the way".




The intention of the author is to help people develop a new way of thinking about prosperity and thereby improve their lives, even in the midst of uncertain economy. In the process the author learned more than he could ever have anticipated. 
The book hasn't focused on to add another financial strategy strategy, but instead to share answers to the question of what it takes to create an inner sense of abundance and meaning in our financial life. These answers provides tremendous optimism about our prospects .

The Psychology of Wealth discuss is the practices and the culture that should be adopted to make your life fulfilled not only in the case of financial freedom but relationships mental, physical health and creating a life full of abundance.  
 It talks about the  definition of wealth and how it is created it talks about how to find what is your inner self and how you can express yourself in the best manner that can be converted into get desired result you want. Author  used many real life examples in support of his arguments. In further chapters ,author discuss how giving back will bring you more. How to create value and how to understand which phase you are in your life .
The wealth psychology is not a particular financial strategy or method. More is it an inner determination to obtain riches or fulfill ones monitory dreams or desire. Prosperity is not defined by how much money we have accumulated or how little that we have restored Peter psychology of wealth is a simple and pragmatic call to nurture the qualities and attitude within ourselves that will create a prosperous life. This suggests a commitment to bring more consciousness to all our decisions, large and small.





One of the most beautiful statements that I discovered in the book was defining your relation with money. Often, we consider relationship as just being with a partner or with family or friends But we never think about how is our relationship with money - is it good, bad getting worse, getting better?


Further, the book also cleared my perspective towards creating value.How to develop a culture within you and your surroundings that will eventually benefit you. When author was discussing about his family history, what his great grandparents did  in order to create a strong foundation for the wealth,I was comparing my family. I could clearly see the difference on the points where we are lacking to create a perennial wealth.

 Another book that gained my attention was Psychology of Money. It seems both are on similar lines. But I thought psychology of wealth should be given the preference because because wealth is a bigger concept than money I think I made the right decision but I will give my review on psychology of money as well in following weeks. 




  • Don't ask yourself what world needs; ask yourself what makes you come alive. And then go and do that. Because what world needs is people who have come alive. 
  • If we all did the things we are capable of doing, we would literally astound ourselves.
  • What lies behind us and what lies before us all tiny matters compared to what lies within us.
  • In the confrontation between steam and the rock, the steam always wins, not through strength but by perseverance .
  • Price is what you pay. Value is what you get .
  • Living in the moment means letting go of the past and not waiting for the future. It means living your life consciously, aware that each moment you breathe is a gift.
  • We make living by what we get. We make a life by what we gave.
  • We are given one life and the decision is hours whether to wait for circumstances to make up our mind on whether to add, and inactive, to live.
  • There are no accidents where is only some purpose that haven't yet understood.
  • We cannot solve our problems with the same thinking with used when we created them.










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