1489: Building Wealth With the Right Behavior; Morgan Housel, Author of The Psychology of Money
So Money with Farnoosh Torabi
Farnoosh Torabi
4.7 • 2K Ratings
🗓️ 20 March 2023
⏱️ 29 minutes
🧾️ Download transcript
Summary
Mastering money has little to do with math. Instead, behavior is the most important side of investing, says today’s guest Morgan Housel, author of one of the highest-selling financial book The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness. We discuss many of his insights including the underestimated power of luck and risk, how the only way to stay wealthy is being both frugal and paranoid, and the fallacy of ‘earned success’ and ‘deserved failure.’
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Transcript
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| 0:00.0 | This episode is brought to you by Shopify. |
| 0:03.0 | That's what I hear when I make another sale on Shopify. |
| 0:07.0 | The all-in-one commerce platform that allows you to start, |
| 0:10.0 | run and grow your business. |
| 0:12.0 | Shopify is revolutionising millions of businesses worldwide. |
| 0:17.0 | So sign up for a £1 per month trial period at Shopify.co.uk |
| 0:22.0 | slash podcast23 all lowercase |
| 0:25.0 | and take your business to the next level today. |
| 0:29.0 | So money episode 1489 |
| 0:32.0 | Morgan Housel, author of The Psychology of Money. |
| 0:37.0 | You're listening to So Money, |
| 0:39.0 | with award-winning money guru Farnoosh Narapi. |
| 0:42.0 | Each day in a 30-minute dose of financial inspiration |
| 0:45.0 | from the world's top business minds, |
| 0:47.0 | authors, influencers and from Farnoosh ourselves. |
| 0:51.0 | Looking for ways to save on gas or double your double coupons? |
| 0:55.0 | Sorry, you're in the wrong place. |
| 0:57.0 | Sinking profound ways to live a richer, happier life. |
| 1:00.0 | Welcome to So Money. |
| 1:03.0 | Doing well at investing, doing well with money |
| 1:05.0 | is not necessarily about what you know, |
| 1:07.0 | or how smart you are, or how sophisticated you are. |
... |
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