The INVESTING Expert: Do This To Get RICH and STAY Rich (It’s SIMPLE!) | Morgan Housel
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- čas přidán 16. 06. 2024
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Best-selling wealth expert and author Morgan Housel is a master in dissecting the intricacies of finance and human behavior. His international bestseller, "The Psychology of Money,"is a game-changer. Morgan talks how our mental patterns can inadvertently keep us financially limited, the hidden reasons why many people never achieve wealth, the number 1 financial mistake people are making in today's economy and much more!
Get Morgan's book "Same as Ever: A Guide to What Never Changes": amzn.to/41pB6yg
Get Morgan's book "The Psychology of Money": amzn.to/46SziyF
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0:00 Intro
1:27 Why people stay broke.
4:11 Top 3 patterns that make people rich.
14:08 Does money make life better?
16:01 How to validate success or failure.
23:21 Biggest revelation in Morgan's book, "Same As Ever"
24:57 Where we should put our energy and money in an unpredictable world.
26:53 Can we trust people when it comes to money?
32:26 Luck = success and money?
36:32 What gets WORSE when you make money.
39:06 How to hold onto identity and values when you make money.
40:41 Being a good father while having so much success.
43:31 The difference between getting rich and staying rich.
49:18 Additional lessons from "Same As Ever".
51:52 How to tell better stories and build confidence.
56:04 How we will evolve over the next decade.
1:02:33 Training yourself to evolve with your success.
1:08:20 Two biggest takeaways from Morgan's books.
For more info about this episode, go to lewishowes.com/1544
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Thanks to Morgan Housel for sharing his knowledge with the Greatness community! Leave a “YES” if you enjoyed this and share the biggest moment for you. Make sure to subscribe to never miss out on inspiring content like this again czcams.com/users/lewishowes
17 years everyday. BS
Yes amazing... I am doing this from the past 40 years, even sometimes thinking was a wrong life style to follow. Made me happy
20:37 😢
Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!
My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldn't have to worry about savings as you do now. Thanks to my FA, my portfolio is doing really great and i'm proud of the decisions i made last year.
Nice. People often underestimate financial advisors' importance. Over 50 years of data reveal that those who work with advisors typically earn more than those who go it alone. I've been fortunate to work with one for 13 years, resulting in a $4 million portfolio, largely from early investments in AI and other growth stocks...
@greekbarrios I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Jennifer Leigh Hickman” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
What’s that constant tapping noise in the background?
It’s awful
His jacket zipper is tapping on itself
I think it’s Lewis taking notes… when he is talking, the noise disappears
Thank u ! I thought I was going nuts for a sec. 😅 I think either the table or the chair is shaking, as he talks with his hands, & moves around, & becomes more animated.
Note taken: don’t put the lav mic on a zipper like that
Lewis, you ask the best questions. You are the greatest interviewer! Morgan is the greatest guest!
Thank you so much 🧡
What is the tapping sound that is constantly heard in the background ???
I can’t not hear it 😭 it was bugging me, I had to come to the comments to make sure I wasn’t losing my mind 😅 thank you for saying something
I think that is anxiety of the guest , by shaking his leg under the tanle
I’m hearing this also. Bugging me.
zipper
I watched 35 minutes without any noises but after reading comments, it is really annoying 😂😂
"Not chasing their success you're chasing their fakeness" hit so hard and made so much sense
I recommend everyone to find the forbidden book titled The Hidden Truths Of Wealth, it goes deep into all of this, and it changed my life
Where did you find that book?
I can confirm that, insane book.
Hey can u pls mention the author, thanks
oliver mercer
Thanks!
It was like watching old friends having a catch up conversation. What a great clean interview. Thank you for highlighting the importance of values and identity.
Amazing share❤Very eloquently narrated.I believe in the power of storytelling.The bottom line about abundance and gaining riches in life is knowing who you want to be. At the end of our life ,the question remain the same, Did I live my life to the fullest? Did I create many intentional and loving memories with my family?Have I love and live well without regrets? Thank you Lewis and Morgan for your message and for inspiring us to be who we truly are.❤Gracias!
You're welcome, thank you for watching🧡
Loved this interview. This man has so much wisdom! He dropped so much wisdom Here.
This man is incredible and very honest ❤ thanks for the great interview.
Great episode!. But what was the constant tapping noise in the background?
Really enjoyed viewing and listening to this conversation. I am a fan of Morgan Housel's work.
Listening to your words of wisdom and honest inner search make us listeners to love you.Thank you for sharing with us.
You're welcome, thank you for watching🧡
This is the best interview I have ever heard! I can listen to Morgan all day-so wise.
As an author I appreciate the talk about writing. I have persistently written just about every day for the last three years with no sign of giving up. 😊 Not very many people have read my books, but part of my drive to keep going is the joy I get from writing. ✍️ 📚
May you get lots of success
Share your book link. This is one of mine, The Unfolding: A Journey of Involution
Bro let me tell you something you Will pick tour flowers One day because the universe doesnt work for you if you are not a doer.
Happy holidays Next year you Will get a best seller
This is so nice of you. I wish you the best!
Share your books for us to see.
What was that tapping sound?
Morgan’s zipper on his sweater swinging back and forth. It is right near where his microphone is clipped.
So hard to sit through with that sound.
Best interview ever! Watched it 5 times in 2 days then made my husband listen while we played cards. Wonderful wisdom very clearly communicated. Great nuggets on money, mindset and life. Definitely will be having my high schoolers listen to this.
Read the richest man in Babylon. The laws of wealth are real.
You can find it free as an audio book on youtube for free also.
@@brewdog8568Great book!
@@brewdog8568the best financial book ever
I really appreciate the clarity of thoughts discussed...does make a lot of sense ❤
🙌
Yet another great interview, the insights are deep that Morgan Housel shares. Thank you Lewis for putting these together. Your podcasts have moved up a many notches lately!
Big thanks for watching! I appreciate your support! 🙏🙌
I want 3 seasons of this episode. Possibly the best interview yet imo. ❤ Thank you, Lewis.
1:00:00 "my identity is father, husband, friend" 👏
Love this! Very content and lots of wisdom. Thank you!
Beyond land boundaries we are able to connect and learn wisdom through amazing people like Morgan and Lewis! Great questions from Lewis and thought proving replies from Morgan!
"the smallest detail can make the biggest difference"
that zipper really messed up this interview's audio lol!
yea I thought that immediately. Glad someone else noticed too.
So that's what it was 😂
Amazing that no matter how distracting that tapping sound was throughout, this is probably one of the best conversations I've heard ever!! Priceless life, and money lessons ❤❤❤
Thank you for pinpointing the sound, it was driving me nuts 😭 had to come to the comment section to make sure I wasn’t losing my mind clown 🤡
His mic isn't touching the zipper, it must be the mic wire moving against the zipper..
Thanks guys!!
Brilliant discussion
YES! Behavior, finances and values to sum it up. Powerful interview.
Thank you for taking the time out of your day to check out the interview! So glad you enjoyed it🧡
@41:28 ❤❤❤ billionaire’s kid great attitude
Lewis has a great way of drawing out the guest. I enjoy just listening to how the conversation flows, never knowing the exact direction that it is going. But his own authentic curiosity keeps me interested. Thanks
Morgan's wisdom unlocks wealth. Insightful revelations on finance and behavior. 🌟
🙌
@@lewishoweshis vegas scenario is spot on.
Anything free has no value to the receiver.
I have a friend who signed over their old home to the step daughter. She just had to pay the taxes. She didn't and lost the house.
Another friend renovated her bf apartment for $20,000.00 so he could get on his feet and put it on Airbnb and get income. The guy never said "Thank You". Instead he told her the furniture was not placed properly. She bought all the furniture. She got no acknowledgement from him.
Is there an issue with the audio? Sounds like someone is typing text on a phone. Tried on multiple devices.
Thank you thought it was just me
Did a deep dive into comments because it drove me mad 🤡
Zipper clacking against mic
💯
"Father, Husband, Friend." From hearing this quote about identity - I think I've finally found my new purpose. 🤯😊
We normally say that which is done repeatedly becomes established in the spiritual. that's some habits catch up with us in our businesses or relations.
Out of everyone out there, Lewis seems the most wholesome. Thanks for the content!
Thank you so much for your kind words 🧡
The definition of success is when the people who you want to love you, do love you ❤❤❤❤
👍
Truth. Thank you for the reminder. ❤
You're welcome, thank you for watching🧡
Always Valuable Content 💰
25:25 WOW! Wished i would have had that metric earlier
Personally I consider myself to be very rich in life experiences .
No one can take away this wealth
from me .
It's a treasure I've worked my
whole life for and I've earned it honestly ( in honest way ) .
I owe my life wisdom to myself and to my work .
🙌
I clearly have a giant portion of cave lady brain surviving.😀
Thankyou both for this shared conversation.
Truly sanity restoring, as always.
💜
You're welcome, thank you for watching🧡
What an amazing episode. Love the questions from Lewis. ❤
Glad you enjoyed it! Thanks for watching!
😀Always delivers as usual - MORGAN HOUSEL
@29:59 👍🏽 🔥
Es un excelente episodio, tanto que compraré sus libros. ¡Muchas gracias!
Thanks for being here!
No man can serve two masters
I challenge you to see what happens when you lose your house, lose your car, and see how the ones you love treat and look at you differently.
This is truer than true.
If they look at you differently, probably you were with the wrong ppl in the first place.
true
Wow, what a great insightful conversation. Thank you both 🍀
So glad you enjoyed it! Appreciate you for watching.
I taught an entire class on budgeting because of his book. The audience was welfare recipients in my job a couple years ago. They LOVED it!! I still love listening to his audio book in the car once in a while. But hey, off topic, did anyone else hear a tapping throughout this video? I listened to the entire thing and it was a fabulous interview, but who was texting the whole time? 😂
I think the noise was his jacket zipper tapping near the microphone when he spoke. 😀
Excellent interview! thank you so much
Just a thought, because I love these podcasts, can you get someone on to talk about feminine energy?
A high end Toyota is better than an entry level BMW.
That's my new mantra when asked why I don't get a new car. I love my 2008 high end beat up Toyota. It is reliable, it's low maintenance and keeps thieves away. I bought it new. My only regret is not taking care of the outside as I did with the annual maintenance. People put fliers "we buy junk cars" on my car.😁😁😁😁 I love it. It's a keeper. The dents are like wrinkles on humans.
Same here
By far one of the best podcasts I have ever watched/heard.
Great interview! So much wisdom packed in here. Thank you so much!
🧡
Simply GREAT 🎉
Thanks for being here!
@43:46 this guy is full of great points
🧡
Another great interview. I’m binge watching them today 💪🏾
Glad you enjoyed it! What stood out to you as a lesson to move forward with?
I really enjoyed this topic ur quest has been amazing 👏 very insight full
Someone's tapping on the table with a pen, makes a rhythm to the podcast. 😂
Loved the podcast though. 🙌🏻🌸
I thought I was losing my mind, I’m listening audio mostly and I was wondering if anyone else heard it or I was hallucinating. I had to come to the comments. Thank you for saying something
It’s the guest speaker’s jacket zipper lol
Amazing episode. Great topic for all atheletes especially for footballers, how they should behave with good income and when the income becames less !!!
Thanks for being here!
Love the interview and thank you very much. But his zipper constantly tapping the microphone is driving me f****** crazy!
#same 💯
Amazing how Tony Robbins has stayed relevant through multiple generations and at the top of his game, since 1989 when his infomercials started.
The most outstanding thing about Lewis for me is his wisdom to lead a conservation without leading it.
And going back to ask the same question 30 minutes later, that he felt was not sufficiently answered without sounding repetitive or making his guest feel inadequate.
That's a some great Art. Kuddos... 💪
So glad you enjoyed it! Appreciate you for watching.
Once upon a time....there was a brilliant interview.....and I lived happily ever after ❤
Plz do podcast about memory ,brain & how can we top our exam... study related .. really need it
Quick tips - start saying to yourself “I have an awesome memory”, words and thought are powerful - use this to your advantage instead of the opposite! And memorise with pictures or other associations, that’s what the memory experts do.
If you have something in your life you’ve trying hard to forget this could affect your memory, because your mind is just trying to protect you and keep you alive..
lastly - are you interested in what your studying? If you are and want what you’re doing but are just stressed out and push yourself - be kind and have empathy and give yourself little rewards like a nice cup of tea or something you like every time you get something done, small goals. Think bigger about the motivation and get inspired instead of pushed. Good luck 🤞🏽❤
I’m a hypnotherapist and know a lot about the mind and subconscious, always happy to share ❤
Google "Learing how to learn" Barbara Okaley and her colleagues have done a great job in this area.
Good luck
Check out Jim Kwik
This interview was absolutely outstanding!
Thank you!
Excellent tips
🙌
Such an incredible episode!
Thank you so much for watching!
Question for all viewers..
If you had the choice, Would you rather be apart of the *1%* or apart of the *144,000* ??
Think very carefully on your answer..
The part of 1% is not easy yet this is the reason why one is different from another.It’s 99% believing in yourself and 101 percent of getting better everyday.Keep going even nobody notice and serving and helping without expectations at all.Thank you for your question.
Great interview!!! I really enjoyed his perspective and insights.
So glad you enjoyed it! Appreciate you for watching.
What a great episode!
Thank you so much for watching!
Love this topic, it is so helpful and great to share it with the world! Especially those who haven't got off the ground yet. I just bought your book, bro!!
Wow. This has a lots of insights ❤.
🧡
giving episode. loved it. thank you Morgan & Lewis.
You're welcome, thank you for watching🧡
What should we worry about? That's interesting question Why worry. Why need to worry.
One of the best interviews. Thank you
You're welcome, thank you for watching🧡
I enjoyed watching this video. This video is just amazing, it's so informative.
So glad you enjoyed it! Appreciate you for watching.
@59:23 I think of Dave Chapelle 🤔
This is one of those episodes where you have to watch the entire thing again!❤
Glad you enjoyed it! What stood out to you as a lesson to move forward with?
The audio on this is riddled with a tapping noise or something rubbing the mic. Making it hard to pay attention especially with such a high pace dialogue.
#same 💯
amazing interview. i have learned a lot from this conversation. thank you.
So glad you enjoyed it! Appreciate you for watching.
Thanks! Very Enlightening 👏👏
You're welcome, thank you for watching🧡
Providence.
Great conversation.
Such a great show. This guest was so inspiring and to his credit, Lewis knows how to bring out the best in his hosts with such meaningful and prepared thought-provoking questions!
Thank you so much for being here.
I love this discussion!
Appreciate you for watching.
GREAT EPISODE!!!
Thank you!
@1:05:51 So good
YES. I enjoyed every minute of it. Thanks!
Morgan knows what matters most in life. And Lewis… you’re a good listener, you simply know the questions to ask.
👍
Great conversation…I’m taking notes
So glad you enjoyed it! Appreciate you for watching.
I am reading the book The School of Greatness for the 2nd time this year and it is still as fascinating as the first time.
Yes 🙌 A big moment for me was knowing I could walk away. Whatever you’re unable to walk away from controls you.
This!! 💯 💯 it's all abt sovereign choice for me
Awesome
Thanks for being here!
Housel amazingly intelligent who shares knowledge which very practical. Love his approach towards life and materialistic things. Gives an insight on how to become productive in life.❤
Great content
Thank you so much 🧡
Great interview
i really admire Morgan Housel, i think he just make Nassim Taleb ideas "easier" for commun understanding
Thank you, for sharing your knowledge and insight 🕊️🤍
🧡
Contentment is peace of mind
Thank you Morgan and Lewis for sharing this valuable knowledge , I feel lucky to have found your channel every video, podcast post on instagram I always learn something new that changes my perspective ❤️🙏🏻
Fantastic interview! Very interesting and smart guest! Just a little comment: it seems to me that the person who handled Microsoft is Steve Balmer and not Bill Gates. I don't believe you can be an Entrepreneur (with the vision, the drive and so on) and handle daily basis operations properly... Keep the great job Lewis!!
What’s is the noise at the background? Sounds like somebody is chopping onions
The zipper clacking against the mic of the guest (I believe), had to check the comments to make sure I wasn’t losing my mind 😭 🤡 someone else pointed out what it was