Module Units
- 1. Introduction
- 2. Book Summary of The Psychology of Money
- 3. The Greatest Show On Earth
- 4. No One’s Crazy
- 5. Luck And Risk
- 6. Never Enough
- 7. Confounding Compounding
- 8. Getting Wealthy Vs. Staying Wealthy
- 9. Tails, You win
- 10. Freedom
- 11. Man In The Car Paradox
- 12. Wealth Is What You Don’t See
- 13. Save Money
- 14. Reasonable > Rational
- 15. Surprise!
- 16. Room For Error
- 17. You’ll Change
- 18. Nothing’s Free
- 19. You And Me
- 20. The Seduction Of Pessimism
- 21. When You’ll Believe Anything
- 22. All Together Now
- 23. Confessions
Man In The Car Paradox
(Chapter 8)
“When you see someone driving a nice car, you rarely think, ‘Wow, the guy driving that car is cool.’ Instead, you think, ‘Wow, if I had that car people would think I’m cool.’ Subconscious or not, this is how people think.”
In other words, when we signal that we’re wealthy and that people should like and admire us, what really happens is people ignore the person in possession of the object of envy and just focus on the possession.
Michael George Knight
This book summary has been contributed by Michael George Knight, who is the founder of Bestbookbits.com Bestbookbits is the world's largest free book summary website in video, written and audio format educating people around the world with the best book bits in the shortest amount of time. They are a nonprofit organization with the mission to create an educated world. You can read many other book summaries on various genres by clicking on the following link: Bestbookbits.com
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