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Modern Wisdom

#142 - Morgan Housel - How To Create & Manage Your Personal Wealth

Modern Wisdom

Chris Williamson

Society & Culture, Health & Fitness

4.74.6K Ratings

🗓️ 13 February 2020

⏱️ 56 minutes

🧾️ Download transcript

Summary

Morgan Housel is a writer and investor.

Understanding the basics of money management is something none of us are taught but all of us need. Today we get a fantastic run down by a guy who's spent most of the last decade thinking about what wealth can do for us, how we can attain it, and more importantly how we can keep it.

Expect to learn... What is wealth? Why do rich people go bankrupt? Should I invest in Bitcoin? How can I maximise my wealth? What are the most important rules in trading? And much more.

Extra Stuff:

Follow Morgan on Twitter - https://twitter.com/morganhousel

Check out Morgan's Website - https://www.collaborativefund.com/blog/

Take a break from alcohol and upgrade your life - https://6monthssober.com/podcast

Check out everything I recommend from books to products - https://www.amazon.co.uk/shop/modernwisdom

-

Get in touch. Join the discussion with me and other like minded listeners in the episode comments on the MW YouTube Channel or message me...

Instagram: https://www.instagram.com/chriswillx

Twitter: https://www.twitter.com/chriswillx

YouTube: https://www.youtube.com/ModernWisdomPodcast

Email: https://www.chriswillx.com/contact

Transcript

Click on a timestamp to play from that location

0:00.0

Oh yes, hello friends. Welcome back to Modern Wisdom.

0:03.9

Strap yourself in for today. I'm sitting down with Nono that then Morgan Housel.

0:08.5

X, right, of the Motifull Wall Street Journal.

0:11.8

He's spent more than a decade thinking, reading, writing, and interviewing about how to manage your money.

0:18.8

And I've strapped him to a chair, put a microphone in front of him, and asked him,

0:23.3

how do I create wealth in my life?

0:27.2

The basics of money management is something that none of us at all but all of us need.

0:31.1

And today is, it's just crazy. I'm so impressed with Morgan. I knew that he was going to be great,

0:37.2

but this just blew my head off. It's one of those episodes that I've already gone back and listened to

0:42.8

a number of times, and I'm confident that you will as well. You will have a friend who you know is

0:47.4

absolutely awful with managing their money, and I implore you, I am on my knees begging you to send

0:53.4

them this podcast so that it stops them from spending their money on useless crap that they no longer require.

1:00.4

In other news, this episode is brought to you by six months sober.

1:04.0

One of the easiest ways that you can save money is by no longer wasting it on alcohol and taking a

1:08.5

break for 28 days, 90 days, or six months is the single most powerful lifestyle change that I believe

1:14.6

you can make. Head to the link in the show notes below or go to six months sober dot com slash podcast.

1:21.0

That's the number six months sober dot com slash podcast. And you can check out how you can

1:26.7

upgrade your life by taking a break from alcohol. Finally, there will be a lot of new listeners

1:31.7

tuning in today. Maybe one of your friends is sent it to you. Don't take it as a fence. They don't

1:35.5

mean that you're bad with money. They just mean that you could be better. And if you are new here,

1:39.5

hit the subscribe button. You get one episode every Monday and every Thursday with the most

1:44.4

fascinating humans on the planet delivered directly to your mobile device. But for now,

...

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