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

The Diary Of A CEO

5.0M Views . 2023-11-06

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-a-ceo-by-steven-bartlett/id1291423644 Spotify - https://open.spotify.com/show/7iQXmUT7XGuZSzAMjoNWlX Join this channel to get access to perks: https://www.youtube.com/channel/UCGq-a57w-aPwyi3pW7XLiHw/join FOLLOW ► Instagram: https://www.instagram.com/steven/ Twitter: https://x.com/StevenBartlett?s=20 Linkedin: https://www.linkedin.com/in/steven-bartlett-56986834/ 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)