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Why Every Software Engineer Should Read "The Psychology of Money"

Elmar Chavez on June 27, 2026

Habit stacking is one of my goals this year. I've been so focused on improving my software engineering skills, staying fit, and networking. But I r...
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FrancisTRᴅᴇᴠ (っ◔◡◔)っ The DEVengers

I have been waiting for this post for a while lol. Great first post!

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Elmar Chavez The DEVengers

@francistrdev thank you for your support! I still got a lot to learn from your witty banners and clever hooks.

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itsugo profile image
Aryan Choudhary The DEVengers

Really enjoyed this Elmar. One thing that stood out to me is that software engineers already believe in compounding, we just call it learning.

We spend years investing in skills that don't pay off immediately because we trust that they'll compound into better opportunities later. It's interesting how many of us struggle to apply that exact same mindset to money.

The point about freedom also resonated with me. I used to think the goal was simply earning more, but over time I've started realizing that the real value of money is the freedom to choose how you spend your time.

Definitely adding this book to my reading list.

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Elmar Chavez The DEVengers

@itsugo you will not regret reading it. The knowledge will be forever ingrained in you. If you read it yourself., you'll find that some of your experiences are similar to many examples in the book.

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Gamya

This is such a great reminder that building a career isn't just about technical skills! I've read this book too and it genuinely changed how I think about money — it's one of those rare reads that makes you realize how much of financial success is behavioral rather than mathematical.
The Git branch analogy really landed for me — comparing your own progress to someone else's timeline is genuinely just a distraction from growing your own.
The compounding parallel between skills and money is something I hadn't thought about quite so directly before, but it makes complete sense. We're already wired to think in terms of consistent daily improvement in our craft — applying that same patience to finances is really just the same mindset in a different domain.
And writing this at 2 AM for your first solo post? That energy is going to compound too. 🌸

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Elmar Chavez The DEVengers

Thank you for your kind words @gamya_m! Sometimes a reminder is all we need to keep our actions on track with our goals. Glad my perspective makes perfect sense to you!

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Gamya

Absolutely! 😊 Sometimes the simplest reminders hit the hardest. Really enjoyed the post — looking forward to more from you! 🌸

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Elmar Chavez The DEVengers

Thank you, I will!

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technogamerz profile image
𝑻𝒉𝒆 𝑳𝒂𝒛𝒚 𝑮𝒊𝒓𝒍

This really resonated with me. We spend so much time learning new programming languages, frameworks, and system design, but very few of us invest the same effort into understanding how we think about money.

One lesson that has stayed with me is that financial success isn't always about earning the highest salary—it's often about patience, good habits, and making consistent decisions over time. That's a mindset every software engineer can benefit from, whether they're just starting out or have years of experience.

Thanks for sharing this perspective. It's a refreshing reminder that building a successful career isn't only about writing better code, but also about making wiser life decisions.

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Elmar Chavez The DEVengers

Thank you for pointing out one of my main points. It's always about keeping good habits for financial success. I'm glad the message resonated with you well.

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nen02 profile image
Renen Rivera

This is a great article. The Psychology of Money was the book that pushed me to finally start investing in the stock market. It changed the way I think about money by teaching me that investing isn't just about numbers, it's also about understanding the roles of risk and luck.

After making my first investment, I couldn't stop learning. I became curious about how the market works and how I could make the most of what I have. My goal isn't to get rich overnight, but to build a future where I have the freedom to enjoy life without constantly worrying about money or whether I can afford the things that matter most.

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Elmar Chavez The DEVengers

@nen02 Rightly so! I'm glad you liked the article. I also had a little bit of experience with the stock market but now I'm currently focused on other investment endeavors. Great goals!

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Anna | Freedom in Tech

Such a good article, Elmar! Simple, yet packed with incredibly valuable insights. People often underestimate the power of compounding and what consistent small actions can achieve over time.

And this quote is priceless:

"Controlling your time is the highest dividend money pays."

So many people focus on money itself, but the real value lies in what it enables — freedom, flexibility, and the ability to choose how you spend your days.

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Elmar Chavez The DEVengers

@anna-freedom-in-tech I didn't know you had a DEV profile account! I will follow you back after this. Thanks for dropping by and sharing your thoughts on my little blog 💙

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faisal

A good blog to start finance

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Elmar Chavez The DEVengers

faisal definitely!