// Book comparison

7 Habits of Highly Effective People vs The Psychology of Money

Which should you read? A side-by-side comparison of 7 Habits of Highly Effective People by Stephen Covey and The Psychology of Money by Morgan Housel.

At a glance

7 Habits of Highly Effective People The Psychology of Money
Rating ★ 4.9/5 ★ 4.9/5
Pages 381 256
Reading time ~9.5 h ~6.4 h
Published 1989 2020
Author Stephen Covey Morgan Housel
Category Strategy & Management Personal Effectiveness
Publisher Free Press Harriman House

Choose 7 Habits of Highly Effective People if…

  • You're interested in strategy & management.
  • You want the higher-rated book (4.9/5).

Choose The Psychology of Money if…

  • You're interested in personal effectiveness.
  • You prefer a shorter read (~6.4 hours).
  • You want the more recent perspective (2020).

Key takeaways — 7 Habits of Highly Effective People

  • Magtuon ng iyong enerhiya sa iyong Circle of Influence—ang mga bagay na tunay mong makokontrol—upang mapataas ang iyong personal na epektibidad at kakayahan sa pagiging proactive na lider.
  • Isabuhay ang prinsipyo ng Begin with the End in Mind sa pamamagitan ng pagtukoy ng pangunahing misyon ng iyong organisasyon bago gumawa ng mga taktikal na hakbang, upang ang lahat ng gawain ay nakatutok sa pangmatagalang layunin.
  • Isabuhay ang Synergy sa pagpapahalaga sa pagkakaiba-iba ng iyong mga kasamahan, gamit ang kanilang mga natatanging lakas upang makabuo ng mga solusyong mas mahusay kaysa sa magagawa ng isang indibidwal mag-isa.
Read full 7 Habits of Highly Effective People summary →

Key takeaways — The Psychology of Money

  • Bigyang-diin ang Financial Flexibility kaysa sa mataas na kita, na kinikilala na ang kakayahang makaligtas sa pag-urong ng pamilihan ay pangunahing hakbang upang mapakinabangan ang pangmatagalang compounding.
  • Unawain ang Role of Luck and Risk sa bawat kwento ng tagumpay, upang manatiling mapagpakumbaba sa panahon ng tagumpay at matatag sa panahon ng kabiguan upang mapanatili ang malinaw na estratehiya.
  • Isapuso ang Wealth Mindset sa pamamagitan ng pagtutok sa mga ari-arian na nagbibigay kontrol sa iyong oras, na siyang pangunahing sukatan ng propesyonal at personal na epektibidad.
Read full The Psychology of Money summary →

The verdict

If you want the higher-rated, more acclaimed read, start with 7 Habits of Highly Effective People. If you specifically need personal effectiveness, The Psychology of Money is the better fit. Both summaries are free — no signup required.

❓ FAQ

Is 7 Habits of Highly Effective People or The Psychology of Money better? +

7 Habits of Highly Effective People has the higher reader rating (4.9/5 vs 4.9/5), but "better" depends on your goal. 7 Habits of Highly Effective People focuses on strategy & management, while The Psychology of Money focuses on personal effectiveness. See the verdict below.

Which is shorter, 7 Habits of Highly Effective People or The Psychology of Money? +

The Psychology of Money is shorter (256 pages, ~6.4 hours) compared to 7 Habits of Highly Effective People (381 pages, ~9.5 hours).

Should I read 7 Habits of Highly Effective People or The Psychology of Money first? +

If you want the quicker, higher-rated read, start with 7 Habits of Highly Effective People. Otherwise read whichever matches your current goal — both summaries are free on BookHubs.