Two Economic Stories You're Not Hearing About
Stay Wealthy Retirement Podcast
Taylor Schulte, CFP®
4.7 • 678 Ratings
🗓️ 19 January 2021
⏱️ 15 minutes
🧾️ Download transcript
Summary
Today - with help from Morgan Housel - I'm highlighting two economic stories that are flying under the radar.
The first story is that Americans might be in the best financial shape they've ever been in.
And the second is that a large percentage of Americans don't agree with the first story.
Why?
Because they're in the worst financial shape they've ever been in.
Tune in to learn more.
Transcript
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| 0:00.0 | Welcome to the Stay Wealthy Podcast. I'm your host Taylor Schulte and today with the help of friend and guest of the podcast Morgan Housel, I'm highlighting two economic stories that have flown under the radar. The first story is that Americans might be in the best financial shape they've ever been in. |
| 0:22.5 | And the second is that a large percentage of Americans don't agree with the first story |
| 0:27.8 | because they're in the worst financial shape that they've ever been in. |
| 0:31.8 | For all the links and resources mentioned today, head over to you staywealthy.com forward slash 93. |
| 0:47.2 | Okay, first things first, if you don't know who Morgan Housel is, please, please, make an effort to change that. I might argue that he's one of the best, if not the best financial |
| 0:53.3 | writers and thinkers of my generation. |
| 0:56.3 | To learn more about Morgan, I would suggest doing three things after you're done listening |
| 1:00.3 | today. Number one, go back to episode number 81 of this show and listen to or even |
| 1:06.2 | re-listen to the interview that I did with him. Number two, go check out and consider buying his book, |
| 1:12.9 | Psychology of Money, which I think by far was the best finance book of 2020. It was really, |
| 1:19.5 | really good. Number three, go and visit collaborative fund.com, check out Morgan's blog and sign up |
| 1:26.8 | for his email list so that you don't miss any of the |
| 1:29.0 | content that he's publishing. Morgan didn't ask me to say any of this. In fact, he doesn't even |
| 1:34.0 | know that I'm publishing this episode today. I just think that highly of him, and I know that this |
| 1:39.8 | audience, that all of you will only benefit from his work and his writing. So with that out of the way, |
| 1:45.8 | I wanted to highlight a topic, actually two stories that Morgan recently tackled that are just |
| 1:51.3 | too good not to share. Like many of you, I enjoy listening to podcasts. I consume most of my |
| 1:57.3 | content via podcast. However, I realize that there's a lot of great written content |
| 2:02.2 | out there that doesn't always make it into the podcast world. So I'm making an effort to do more |
| 2:07.6 | reading. And when I come across something like this, that I think is really interesting and may |
| 2:12.1 | not have made its way into the podcast world or this podcast, I'm going to share it. And so that's what I'm doing today. |
| 2:19.5 | If you like this format, let me know. |
... |
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