meta_pixel
Tapesearch Logo
Log in
Modern Wisdom

#222 - Morgan Housel - How To Become Wealthy, Stay Wealthy & Be Happy

Modern Wisdom

Chris Williamson

Society & Culture, Health & Fitness

4.74.6K Ratings

🗓️ 21 September 2020

⏱️ 76 minutes

🧾️ Download transcript

Summary

Morgan Housel is a writer and investor.

It doesn't matter if you earn £10m a year, if you spend £11m then you're not creating any wealth. How can people who are so rich be so stupid with money? Cue Morgan, the no-BS finance guy.

Expect to learn Morgan's golden rule of becoming wealthy, why luck & risk are the same thing, why buying a Ferrari is often a terrible idea, what the stock market was thinking in 2020, whether we'll have a mud wrestling match and much more...

Sponsor:

Get 20% discount on Reebok’s entire range including the amazing Nano X at https://www.reebok.co.uk (use code MW20)

Extra Stuff:

Buy The Psychology Of Money - https://amzn.to/2xAHWXD

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

Get my free Ultimate Life Hacks List to 10x your daily productivity → https://chriswillx.com/lifehacks/

To support me on Patreon (thank you): https://www.patreon.com/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, hello friends, welcome back.

0:03.0

My guest today is Morgan Howesle.

0:04.8

You should be familiar with him,

0:06.2

considering he's been on twice already in 2020,

0:09.5

but it's a year of financial instability to say the least.

0:14.3

And Morgan's new book, The Psychology of Money,

0:16.5

is everything you need to know about how to become wealthy,

0:19.4

stay wealthy and be happy.

0:21.4

It doesn't matter if you earn 10 million pounds a year,

0:23.6

if you spend 11, and you're not creating any wealth,

0:26.6

it's a little bit weird that people can be so rich

0:29.0

and yet so stupid at the same time.

0:31.4

But thankfully Morgan is here to help us through

0:33.8

with his no BS finance advice.

0:36.1

So today, expect to learn Morgan's golden rule

0:38.4

of becoming wealthy.

0:39.5

I look and risk the same thing.

0:41.4

I'm buying a Ferrari is often a terrible idea.

0:44.2

What the hell, the stock market was thinking in 2020,

0:47.5

whether he'll mud wrestle me,

0:49.6

and much more, I love having Morgan on the show.

0:52.7

Hopefully there won't be any more global crises

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Chris Williamson, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Chris Williamson and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.