Morgan Housel comes back for his second episode and Infinite Loops’ 100th episode! Morgan is a financial writer and author of the bestselling book “Psychology of Money” — having sold more than a million copies worldwide! You can follow Morgan on Twitter at https://twitter.com/morganhousel, and read his blog at https://www.collaborativefund.com/blog/ Show Notes: - Morgan’s role at Collaborative Fund - Marketing that isn’t “forced” - Good product is good marketing - When perception becomes reality - Feedback to Morgan’s book - The power of stories - Understanding finance vs. Experiencing it - Writing is thinking - Not a great age for middlemen - Promises of crypto - Should volatility be considered as risk? - Morgan’s next book - Disconnect between the ideal and the practical - Change in Morgan’s life after his book’s success - Happiness is not about money - Raising children into great adults - Interviews should be conversations, not interrogations - On luck and humility Books Mentioned: - Psychology of Money; by Morgan Housel
Sign Up for "Writing Examples" and Learn From The Best Writing of All Time: https://www.writingexamples.com In this episode, you’ll learn how Morgan Housel captivates millions of readers with his writing. We cover topics like selfish writing; ruthless self-editing; writing with brevity; and making dry ideas come alive on the page. TIMESTAMPS: 00:00:00 Intro 00:00:50 How Morgan's writing has changed 00:03:00 Career 00:05:30 Storytelling 00:09:00 Reading 00:11:40 Admiration 00:18:45 Tools 00:20:45 Writing good history 00:23:00 Mantras 00:28:00 Second book 00:29:00 Writing environment 00:32:00 Walking 00:35:00 Business Model 00:36:00 Business of Speaking and Writing Books 00:42:00 Experimenting 00:43:45 Audiobooks 00:45:30 End Notes 00:47:30 Reading interviews 00:48:00 Selfish writing 00:54:00 "Same As Ever" 00:56:50 Ken Burns 01:00:00 Steve Jobs, Jeff Bezos, Warren Buffet 01:04:00 Quitting and criticism 01:06:00 Improving 01:09:30 Chapter titles 01:20:00 Editing process 01:26:30 Epiphanies 01:31:00 Love of sentences 01:32:30 Aphorisms 01:39:50 Writing conclusions 01:45:00 Brevity 01:54:30 Feedback 01:59:11 What moves the needle WRITE OF PASSAGE: Want to learn more about the next class for Write of Passage? Click here: https://writeofpassage.school PODCAST LINKS: Website: https://writeofpassage.school/how-i-write/ Apple: https://podcasts.apple.com/us/podcast/how-i-write/id1700171470 https://open.spotify.com/show/2DjMSboniFAeGA8v9NpoPv ABOUT THE HOST: I’m David Perell and I’m a writer, teacher, and podcaster. I believe writing online is one of the biggest opportunities in the world today. For the first time in human history, everybody can freely share their ideas with a global audience. I seek to help as many people publish their writing online as possible. How I Write is a podcast by Write of Passage // Production by Adam Soccolich
If you enjoy hearing about how to master the world of finance, I recommend you check out my conversation with Ramit Sethi, which you can find here: https://www.youtube.com/watch?v=ORqd9QAC8OY 00:00 Intro 02:23 Why Do You Write Books About Money? 04:14 The Psychology of Money & What Wealth Really Means 10:53 Why Not Having Control in Your Life Is Making You Unhealthy and Unhappy 14:05 Why You Need to Learn to Stop Pushing Your Financial Goals 18:20 The First and Most Important Rule of Happiness 22:16 The Most Valuable Financial Skill Anyone Can Have 25:35 The Most Important Saying for a Relationship or Career 27:48 Why Low Income People Are More Reckless With Money 32:17 How to Learn to Finally Save Your Money 35:55 A Tragic Incident That Taught Me My Most Valuable Lesson About Money 41:33 Investing and the Biggest Mistake Most People Make 45:55 The Best Advice on How to Invest Your Money 51:58 The Janitor That Became a Multimillionaire 54:41 Pensions 56:28 How Do We Know When Enough Is Enough? 59:34 Should We Save Our Money for Our Children? 01:03:19 Why You Should Never Check Up on Your Investments 01:07:34 The Benefits of Not Working for Big Companies 01:08:58 Why Everyone Is Bullshitting Their Way Through Investing 01:11:27 Why You Should Take That Risk 01:17:32 The Best Bit of Advice I Ever Received 01:26:15 The Biggest Factor That Will Ensure You Lose Your Money 01:31:48 The Confidence Rule Around Your Finances You Need to Know 01:41:55 The Power of a Great Story 01:44:42 The Power of Compounding Interest 01:50:15 Bad Times Often Change Us for Good 01:53:03 Wealth Creation Conclusion 01:53:57 The Last Guest’s Question You can purchase Morgan’s most recent book, ‘Same as Ever: Timeless Lessons on Risk, Opportunity and Living a Good Life’, here: https://amzn.to/467d77x Follow Morgan: Instagram: https://bit.ly/3spU4HK Twitter: https://bit.ly/40mE6uF Flightfund: https://flightfund.com/ My new book! 'The 33 Laws Of Business & Life' is out now: https://smarturl.it/DOACbook Listen on: Apple podcast - https://podcasts.apple.com/gb/podcast/the-diary-of-a-ceo-by-steven-bartlett/id1291423644 Spotify - https://open.spotify.com/show/7iQXmUT7XGuZSzAMjoNWlX Join this channel to get access to perks: https://www.youtube.com/channel/UCGq-a57w-aPwyi3pW7XLiHw/join FOLLOW ► Instagram: https://www.instagram.com/steven/ Twitter: https://x.com/StevenBartlett?s=20 Linkedin: https://www.linkedin.com/in/steven-bartlett-56986834/ Sponsors: British Airways: https://www.britishairways.com/en-gb/offers/sale Huel: https://g2ul0.app.link/G4RjcdKNKsb Eightsleep: https://www.eightsleep.com/uk/steven/ CODE: STEVEN (save $150 on the Pod Cover)
Morgan Housel, global expert on personal finance, shares powerful lessons on Warren Buffett’s hidden struggles, Elon Musk’s sacrifices, money trauma and financial habits, how to invest wisely, and the psychology behind saving, spending, and success. Morgan Housel is a partner at Collaborative Fund, former columnist for The Wall Street Journal, and a speaker on investing, saving, spending, and financial independence. He is also the bestselling author of books, such as: ‘The Psychology of Money’ and ‘The Art of Spending Money’. He explains: ◼️ Why more money rarely solves unhappiness ◼️ How envy and social comparison drive overspending ◼️ Why extreme wealth often comes at the cost of health and relationships ◼️ How inflated definitions of “wealth” fuel endless consumerism ◼️ Why true happiness comes from family, friends, and health - not luxury 00:00 Intro 02:21 The Importance of Spending Money 04:31 Why Will This Podcast Make My Life Better? 07:42 Is There Something Wrong With Chasing Status? 10:14 What’s the Evolutionary Basis for This Stuff? 15:31 There's Always a Trade-Off 17:43 Saving Addiction 19:29 Can Money Make You Happy? 24:56 Are We All Stuck in a Status Game? 29:02 Is the "Freedom" Culture Actually Making People Unhappy? 31:00 Your Favorite Form of Saving Is Spending 33:05 Jealousy of Other People’s Wealth 35:04 The Spectrum of Financial Independence 38:45 How Do People Achieve Financial Independence? 41:20 How Does Dopamine Factor Into All of This? 48:55 We're Wired to Want More 54:39 People Retiring Early Tend to Wish They Hadn't 55:40 Passive Income Myths 57:54 Ads 58:55 Do I Need to Know Economics for This? 1:04:49 What’s Going On in the World? 1:08:43 How Wealth Inequality Is Dividing People 1:10:38 The Charlie Kirk Shooting 1:18:52 Is There a Way Back From This Divide? 1:23:27 What Should We Be Doing to Help? 1:25:16 Are You Optimistic About the Western Economy? 1:27:11 Favorite Chapter From the Book 1:32:22 Ads 1:34:30 Why You Should Try New Things 1:37:17 Are You Chasing a Lifestyle That's Not Right for You? 1:40:35 Does Jack Think Steven Is Happy? 1:49:25 Should We Feel Guilty About Lacking Contentment? 1:52:37 The Relationship Between Money and Kids 1:55:30 The Exact Formula for Spending 2:01:53 Humble Bubble 2:03:55 Do You Have Major Regrets in Life? Follow Morgan: Instagram - https://bit.ly/3KllnvJ X - https://bit.ly/4pJf4lT You can purchase Morgan’s book, ‘The Art of Spending Money’, here: https://amzn.to/4jhBXKh The Diary Of A CEO: ◼️Join DOAC circle here - https://doaccircle.com/ ◼️Buy The Diary Of A CEO book here - https://smarturl.it/DOACbook ◼️The 1% Diary is back - limited time only: https://bit.ly/3YFbJbt ◼️The Diary Of A CEO Conversation Cards (Second Edition): https://g2ul0.app.link/f31dsUttKKb ◼️Get email updates - https://bit.ly/diary-of-a-ceo-yt ◼️Follow Steven - https://g2ul0.app.link/gnGqL4IsKKb Sponsors: Linkedin Jobs - https://www.linkedin.com/doac Vanta - https://vanta.com/steven Replit - http://replit.com with code STEVEN
Morgan Housel, is a tariff expert, investor and bestselling author of ‘The Psychology of Money’ and ‘Same As Ever’, is one of the world’s top experts on financial psychology, economic collapse warnings, and building true financial freedom. His life-changing insights have transformed how millions approach money, investing, and wealth-building. 00:00 Intro 02:00 Timeless Lessons of Greed, Wealth, and Happiness 04:40 The Current Tariff Situation in 2025 06:54 What Are Tariffs? 11:41 Trump's True Reason for the Tariffs 18:13 Why Is China the Factory of the World? 20:25 China Stopped Being a Cheap Labour Country 22:54 What's the Impact of the Tariffs? 24:57 America's Trust 26:32 Are We Heading for a Recession? 29:20 The Importance of Backups During a Recession 30:38 How to Be Financially Free in 2025 35:49 The Evolutionary Desire to Show Off — Status 40:32 Salary Differences 42:58 We Have a Distorted View of Financial Wealth 44:18 Advice for the Economic Crisis 45:44 How Much Money Do You Need Saved? 46:45 The Impact of AI in Our Wealth Building 56:11 The Skills You'll Need in the AI Era 57:45 How to Have a Money Mindset 01:00:35 Why People Get Stuck in Crypto Scams 01:03:13 Women vs. Men: Who's Better at Saving and Taking Risks? 01:05:54 Crypto 01:07:02 What History Tells Us About New Technologies, Wealth, and Failure 01:08:30 Could the Crypto Security System Be Broken? 01:10:00 The Strategies Wealthy People Use 01:11:34 Intelligence vs. Endurance 01:13:07 Why Is Perseverance Key? 01:14:51 The Best Way to Have a Big Investment Return 01:16:40 The Power of Compounding in Your Savings 01:21:46 How Money and Psychology Are Linked 01:26:42 You Need to Change Your View on Savings 01:30:50 Biggest Regrets of People on Their Deathbeds 01:37:00 The Most Asked Questions About Finances 01:40:56 Where Are Your Investments Allocated? 01:41:43 Vanguard Index Fund 01:49:33 Where to Invest Spare Cash? 01:56:04 The Dangers of Retiring 02:03:10 How to Live a Happy Life Ready to think like a CEO? Gain access to the 100 CEOs newsletter here: https://bit.ly/100-ceos-newsletter The 1% Diary is back - limited time only: https://rebrand.ly/r0ogao4 You can purchase the The Diary Of A CEO Conversation Cards: Second Edition, here: https://g2ul0.app.link/f31dsUttKKb Get email updates about Diary Of A CEO here: https://bit.ly/diary-of-a-ceo-yt You can follow Morgan, here: Twitter - https://bit.ly/3RzBBSc Website - https://bit.ly/42LM4PD Instagram - https://bit.ly/449vnQp You can pre-order Morgan’s books, The Art of Spending Money: Simple Choices for a Richer Life, here: https://amzn.to/3GmHRu4 (US) / https://amzn.to/3EEy5mE (UK) You can find out more about the books mentioned, here: ‘The Intelligent Investor’, Benjamin Graham: https://amzn.to/4iwqHHW Follow Steven: https://g2ul0.app.link/gnGqL4IsKKb Sponsors: Perfect Ted - https://www.perfectted.com with code STEVEN40 for 40% off
David and Sahil Bloom discuss the important of writing in simple terms that anyone can engage with. Forcing constraints and using simple language are both useful ways. Learn these from great writers like Morgan Housel, James Clear, and Tim Ferriss. Watch the full episode: https://www.youtube.com/watch?v=f-s22uCixMw WRITE OF PASSAGE: Want to learn more about the next class Write of Passage? https://take.writeofpassage.school/writing-sprints PODCAST LINKS: Website: https://writeofpassage.school/how-i-write/ Apple: https://podcasts.apple.com/us/podcast/how-i-write/id1700171470 Spotify: https://open.spotify.com/show/2DjMSboniFAeGA8v9NpoPv #business #writing #shorts