What Nobody Tells You About Getting Rich (ft. Morgan Housel)

Everybody wants to get rich. But is the pursuit of wealth really about the money, or are we actually chasing something much deeper?

These are just a couple of the fun ideas I toss around in this episode with Morgan Housel, New York Times Bestselling author of the smash hit, The Psychology of Money, which has sold more than four million copies worldwide.

We’ll dig deep to uncover our relationship with money, answer the timeless question “Will getting rich make me happy?” and share some of Morgan’s best investing tips.

So put away your spreadsheets, step away from the credit card, and for god’s sake stop trading crypto for five seconds, and settle in for this one. We might just make you filthy fucking rich.

CHAPTERS

Chapters

• 00:00:00 Introduction: Morgan Housel and The Psychology of Money
• 00:01:34 Why We Attach Moral Value to Wealth
• 00:02:58 The Relative Nature of Wealth and the Never-Ending Treadmill
• 00:03:55 Social Media and the Quantification of Status
• 00:06:49 Sustainability Over Short-Term Wins
• 00:09:14 Does Money Change You or Expose Who You Already Are?
• 00:12:11 The Hedonic Treadmill and the Pain of Losing Wealth
• 00:15:16 Learning to Handle Market Volatility and Panic Selling
• 00:18:11 Social Media, Meme Stocks, and the Death of Historical Evidence
• 00:19:57 The Velocity of Modern Markets and Why Individual Trading Fails
• 00:25:03 The Hidden Costs and Complications of Wealth
• 00:27:21 Money Doesn't Buy Happiness, It Buys Away Unhappiness
• 00:29:14 Social Debt: The Hidden Tax on Every Dollar of Wealth
• 00:30:38 The Quest for the Simple Life and Why Billionaires Divorce
• 00:36:00 Does Wealth Change Your Politics?
• 00:36:47 Raising Kids and Money: The Allowance System and Avoiding Spoiled Children
• 00:41:25 Nature vs. Nurture: Do Some People Just Have the Money Mind?
• 00:44:14 The Power of a Single Compliment and Finding Your Path
• 00:49:03 Same as Ever: What Never Changes in Human Behavior
• 00:52:53 Why Human Connection Will Always Trump AI
• 00:55:12 The Best and Worst Thing About You Are the Same Thing
• 00:57:54 Fuck, Marry, Kill: Investment Edition
• 01:02:02 Closing Thoughts and Where to Find Morgan

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