The Savings Expert: “Do Not Buy A House!” Do THIS Instead! - Morgan Housel

If you enjoy hearing about how to master the world of finance, I recommend you check out my conversation with Ramit Sethi, which you can find here: https://www.youtube.com/watch?v=ORqd9QAC8OY

00:00 Intro
02:23 Why Do You Write Books About Money?
04:14 The Psychology of Money & What Wealth Really Means
10:53 Why Not Having Control in Your Life Is Making You Unhealthy and Unhappy
14:05 Why You Need to Learn to Stop Pushing Your Financial Goals
18:20 The First and Most Important Rule of Happiness
22:16 The Most Valuable Financial Skill Anyone Can Have
25:35 The Most Important Saying for a Relationship or Career
27:48 Why Low Income People Are More Reckless With Money
32:17 How to Learn to Finally Save Your Money
35:55 A Tragic Incident That Taught Me My Most Valuable Lesson About Money
41:33 Investing and the Biggest Mistake Most People Make
45:55 The Best Advice on How to Invest Your Money
51:58 The Janitor That Became a Multimillionaire
54:41 Pensions
56:28 How Do We Know When Enough Is Enough?
59:34 Should We Save Our Money for Our Children?
01:03:19 Why You Should Never Check Up on Your Investments
01:07:34 The Benefits of Not Working for Big Companies
01:08:58 Why Everyone Is Bullshitting Their Way Through Investing
01:11:27 Why You Should Take That Risk
01:17:32 The Best Bit of Advice I Ever Received
01:26:15 The Biggest Factor That Will Ensure You Lose Your Money
01:31:48 The Confidence Rule Around Your Finances You Need to Know
01:41:55 The Power of a Great Story
01:44:42 The Power of Compounding Interest
01:50:15 Bad Times Often Change Us for Good
01:53:03 Wealth Creation Conclusion
01:53:57 The Last Guest’s Question

You can purchase Morgan’s most recent book, ‘Same as Ever: Timeless Lessons on Risk, Opportunity and Living a Good Life’, here: https://amzn.to/467d77x

Follow Morgan:
Instagram: https://bit.ly/3spU4HK
Twitter: https://bit.ly/40mE6uF

Flightfund:
https://flightfund.com/

My new book! 'The 33 Laws Of Business & Life' is out now:
https://smarturl.it/DOACbook

Listen on:
Apple podcast - https://podcasts.apple.com/gb/....podcast/the-diary-of
Spotify - https://open.spotify.com/show/....7iQXmUT7XGuZSzAMjoNW

Join this channel to get access to perks:
https://www.youtube.com/channe....l/UCGq-a57w-aPwyi3pW

FOLLOW ►
Instagram: https://www.instagram.com/steven/
Twitter: https://x.com/StevenBartlett?s=20
Linkedin: https://www.linkedin.com/in/st....even-bartlett-569868

Sponsors:
British Airways: https://www.britishairways.com/en-gb/offers/sale
Huel: https://g2ul0.app.link/G4RjcdKNKsb
Eightsleep: https://www.eightsleep.com/uk/steven/
CODE: STEVEN (save $150 on the Pod Cover)