About the Episode
Everybody wants to get rich. But is the pursuit of wealth really about the money, or are we actually chasing something much deeper?
These are just a couple of the fun ideas I toss around in this episode with Morgan Housel, New York Times Bestselling author of the smash hit, The Psychology of Money, which has sold more than four million copies worldwide.
We’ll dig deep to uncover our relationship with money, answer the timeless question “Will getting rich make me happy?” and share some of Morgan’s best investing tips.
So put away your spreadsheets, step away from the credit card, and for god’s sake stop trading crypto for five seconds, and settle in for this one. We might just make you filthy fucking rich.
Morgan Housel Quotes From the Episode
The wealthiest I ever actually felt in my life is when I had $5,000 in the bank.
I’m not interested in anything that’s not sustainable—not friendships, not investment strategies, not careers. If I can’t do it forever, I’m not interested.
With every dollar of wealth that you gain comes a few pennies of what I would call social debt.
There is no such thing as an objective measure of wealth. Everything is relative to those around you.
Referenced in This Episode
- Morgan on Twitter @morganhousel
- Morgan’s Collab Fund blog
- The Psychology of Money by Morgan Housel
- Same as Ever by Morgan Housel
- The Quest of the Simple Life by William J. Dawson
- The Snowball by Alice Schroeder
- Elon Musk by Walter Isaacson
- WILL by Will Smith and Mark Manson
- 2023 study on money and happiness
- James (Jimmy) Cayne
- Warren Buffett
- Charlie Munger
- George Soros
- Confirmation bias
- Meme stocks
- Index fund investing
- Dollar cost averaging
- Dividend investing
Did you enjoy this episode?
Leave a podcast review on