Hey, it's Brett. It is Fall Break here in Tulsa, so our family is taking a short trip.

So we're going to do a re-broadcast today. Episode number 659, do you want to be rich or wealthy

and why the difference matters with Morgan Housel? It's one of the most popular episodes in 2020.

I think you'll enjoy it. See you back on Monday with a brand new episode.

Brett McKay here and welcome to another edition of the Art of Manliness podcast.

When we think about finance, we typically think about numbers and math.

My guest today, however, argues that doing well with money is less about what you can put

on a spreadsheet and more about what goes on in your mind. And then if you want to master your

personal finance, you've got to understand how things like your own history, you need view of the

world, and fear, and pride, influence how you think. His name is Morgan Housel,

and he's an investor, financial journalist, and the author of the Psychology of Money.

Timeless lessons on wealth, greed, and happiness. Morgan kicks off for conversation by explaining

how doing well with money is less about what you know and more about how you behave. And it illustrates

this point by comparing the stories of a janitor who saved millions and a prominent Wall Streeter who

went bankrupt. He then explains how the seemingly crazy decisions people make around money actually

make a kind of sense if you look into it a little more deeply. From there, we get into why you need

to know the financial game you're playing and not play someone else's. We then turn to why it's

hard to be satisfied with your position in life when your expectations keep rising and why not

continually moving your goalposts the most important skill in personal finance.

We discuss how getting out the never-ending treadmill of wanting more requires seeing money,

not just the way to buy stuff but to gain greater autonomy, keeping the man in the car paradox in

mind and understanding the distinction between being rich and being wealthy. We then talk about the

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