"How important is this tariff situation? It has the potential to be the biggest economic story of our lives. People are losing a lot of money on tariffs and you're probably a matter of weeks away from ..."

"In 2020, my older brother Jason came to me after spending more than a decade working in the finance industry. And he said to me, Stephen, there is one book you need to read to understand money. And th..."

"tariff situation that we find ourselves in? Because we're seeing all over the news everywhere. Tariffs. Trump's done this 10% here. blanket tariff here. Does it matter? And maybe more specifically doe..."

"I'm so glad you said that because I've been waiting for weeks now to ask somebody like yourself who studied economics to explain in a simple way what a tariff is. And feel free to use an analogy. I I ..."

"your view? Because he's given lots of reasons. He said that they're ripping us off. He says lots of countries have been ripping off the United States. How do you unpack what he's saying there? And wha..."

"How did China get in there? And why are they the factory of the world? What are the core components that went into them being able to produce all of the things that we use on a daily basis at a fracti..."

"that clip you're talking about with Tim Cook because I remember seeing it as well and it did. It was a bit of an aha moment for me. For anybody that doesn't know, Tim Cook is the CEO of Apple and he's..."

"the average person listening to this now? And if this trade war continues, if these tariffs continue, what is the impact they're going to see in their life? It's so unpredictable because as I said ear..."

"about the impact it has on trust in the United States? Because yeah, it's huge. I mean, can you explain that to me? Trust is hard because you don't know how valuable it is until you lose it. But once ..."

"recession? Because I I saw some stats earlier on that said the probability of a recession has surged by 45% which is the highest since December 2023 because of the tariffs. That was from Reuters. It's..."

"And for a lot of people, they will experience all of those. And so the idea that life is fragile, the economy is fragile, countries are fragile, is like people don't necessarily want to admit that bec..."

"Independence you value it sounded like freedom to me. Yeah. Can you tell me how to achieve freedom financially and what I should be thinking about in the context of a world that's changing at such inc..."

"what I mean? Right. Right. Because it's just not enough. Like everyone I know what a lot of them do too is when they have all the money in the world, what they want is immortality. And you see these g..."

"associated to money. Like the pain in your belly, the bills on your desk, the threats from the court. I'm thinking of myself here that I was getting the the letters coming through with the red text on..."

"as FU money? Like, is there a number where you think you've hit FU money? I saw some thread on Twitter and it was like, "Comment below what you think FU money is." And it was interesting to see the va..."

"back to this issue of tariffs recession, and everything that's going on at the moment, are there any things practically for those that don't understand the economy and economics generally that we shou..."

"costs, your personal monthly costs or overheads as they call them. How much money do you think it's sensible to have saved? It's so it's so hard for that because everyone's in a I'm sure people watchi..."

"change at the moment is artificial intelligence. And I've spent a lot of lonely quiet hours in my room thinking about the impact it's going to have and trying to develop my own thesis and what it mean..."

"son in the green room watching us right now. Yeah. How old is he? Nine. Nine. Okay. So, he's got some decisions ahead. He's he he's wincing right now, I'm sure, now that we're talking about him. But w..."

"making money when you think about great people through history that have accured a lot of wealth? What principles would you instill in him so that he had a money mindset? It's hard for a parent. Uh, I..."

"order. Men are struggling in a variety of different ways and obviously your son is going to be a man someday. If I think about some of the stats here, men's labor force participation has declined dram..."

"Testosterone plays a role though. Because if when we think about who becomes gambling addicts and who takes the biggest risks with finances through history, it's often men. Women do seem to be general..."

"do you think of crypto? I don't own any. So maybe that that's the summary of how I feel about it. But I also think the only take that I've had on it is like if you don't think that some of it is inspi..."

"Yeah, I have owned Ethereum for a long time and more recently I just changed it all into Bitcoin because I think Bitcoin is the safest bet. So it seems to be where institutional money has gone to and ..."

"question my hypothesis on crypto was Google released this new computer. I don't know if you saw it called Willow the quantum computer. Yeah. That can crack or in theory in the future. I I've talked to..."

"you look at all these people through history that have made money, lost money, etc. generated great wealth. Are there like certain strategies they've deployed? Because when I think of like Warren Buff..."

"That's that's where the big money comes from. If Rockefeller I I wrote this in the book, 99.9% of Warren Buffett's net worth was accumulated after his 60th birthday. So like if when Warren Buffett was..."

"perseverance, why is perseverance so key? Like, if we break it down into what what's actually happening when you persevere? I think it's two things. It's one in any endeavor that's going to pay off, i..."

"real for someone listening who's making you know, $1,000 a month disposable income? So, they've got $1,000 to play with a month potentially. How to like how if they've never heard about this this idea..."

"I was thinking about a a very simple example. So that there's a coffee in my cup today and the coffee might cost $5. Now with the laws of compounding returns, if I don't have that coffee today in 40 y..."

"book called the psychology of money but as you were talking there I was thinking gosh this is all psychology again because at the heart of this we all have our own unique relationship with money and t..."

"question, but it had me thinking as you're speaking about mortality as it relates to money. Because one of the perspectives on money is yolo. Yeah. Do you know what I mean? I'm only going to live once..."

"I could also imagine that one of the great regrets one might have on their deathbed is just not having lived. Because I was thinking about I sometimes ponder if I die now, how would I feel? Like if I ..."

"earlier on I looked at the most googled questions around saving and the most popular question is how to save money. Yeah, how to save money. Now they might be be asking like what to do with my savings..."

"And where is your your capital allocation today? We spoke about this a little bit last time, but in terms of percentages, you have a ton of cash. You said roughly what percentage of your uh uh 20 25% ..."

"doesn't know what a Vanguard index fund is, if you had to explain it to your son, he probably knows, doesn't he? But to someone of your son's age, how would you explain a Vanguard index fund? Because ..."

"time. And if your children come to you and they say, "Dad, I'm 25 years old and I've just got some excess cash here. I've got $20,000, $40,000. I'm thinking of putting a deposit down for a house." My ..."

"retirement, me and my friend Jack over there, we were talking about people who retire and the impact it can have on the individual. And I I think I'd be quite scared to retire because there seems to b..."

"How does your work all dovetail with the subject of happiness Morgan? Because at the very heart of it, clearly everyone who's clicked on this conversation and got this far, although they might be thin..."