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In today's Takeaway Tuesday, we explore Same As Ever by Morgan Housel, a book that's not about predicting the future, but about understanding what never changes.While the world runs after trends, Housel reminds us that the real power lies in recognizing timeless human behaviors fear, greed, risk, trust, and patience.This episode walks you through the wisdom behind making better decisions, building sustainable habits, and navigating uncertainty by focusing on constants, not chaos.Whether you're a business owner, student, or just someone trying to live better this book is your guide to becoming calmly confident in a noisy, changing world.Tune in for 10 powerful insights, simplified for real-life action.And don't forget every Tuesday we bring you the most thought-provoking books to help you think deeper, live wiser, and lead better. Only on the Viral 3 Podcast.If this episode made you reflect or gave you clarity share it with someone who needs it.Because while change is constant, what truly matters stays… Same As Ever.Follow us for weekly insights, one book at a time.#SameAsEver #MorganHousel #TakeawayTuesday #ChachiPidhiPodcast #LifeWisdom #TimelessTruths #DecisionMaking #PodcastIndia #PersonalGrowth #BooksToLiveBy #EmotionalIntelligence #SelfImprovementJourney
Dans cet épisode spécial de podcast, nous découvrons le parcours inspirant de Yohann Aby, un multiple champion du monde de parachutisme en freestyle et freefly. Depuis son enfance, Yohann a toujours été passionné par le sport, débutant par la gymnastique avant de se reconvertir avec succès dans le parachutisme. À travers son récit, il partage les hauts et les bas de sa carrière, notamment ses débuts difficiles en raison de son manque de puissance physique et de talent en gymnastique, jusqu'à ses nombreux titres mondiaux en parachutisme. Yohann souligne également l'importance de la préparation mentale, de l'innovation et de la créativité dans sa discipline, ainsi que le soutien de ses coéquipiers et de la fédération française.Malgré les défis rencontrés, Yohann met en avant l'importance du travail acharné et de la persévérance pour atteindre l'excellence. Il partage ses réflexions sur l'évolution du parachutisme avec l'avènement des souffleries et l'impact de la préparation mentale sur ses performances. Enfin, il prodigue des conseils précieux aux jeunes aspirants champions, insistant sur l'importance de travailler plus que les autres et de chercher la validation par ses pairs. Pour conclure, Yohann recommande la lecture du livre "La psychologie de l'argent" de Housel, reflétant sa passion pour l'indépendance financière.[00:00:00]: Introduction[00:00:13]: Présentation de Yohan et son parcours[00:01:20]: Débuts sportifs de Yohan en gymnastique[00:01:57]: Transition de la gymnastique au parachutisme[00:02:47]: Objectifs et limitations en gymnastique[00:04:48]: Rencontre avec le parachutisme freestyle[00:05:42]: Palmarès impressionnant de Yohan[00:06:14]: Importance des coéquipiers pour Yohan[00:07:43]: Explication du parachutisme freestyle et freefly[00:09:09]: Caractère artistique du parachutisme[00:10:35]: Premiers titres et préparation mentale[00:11:14]: Rôle du bataillon de Joinville[00:12:42]: Impact des souffleries sur l'entraînement[00:14:57]: Première expérience de saut de Yohan[00:16:24]: Progression rapide et entrée en équipe de France[00:17:27]: Système fédéral français et succès international[00:18:39]: Timing et chance dans la carrière de Yohan[00:20:00]: Structure d'une Coupe du monde de parachutisme[00:20:42]: Longévité et succès de Yohan[00:22:09]: Importance de l'hygiène de vie[00:22:53]: Gestion des équipes et intelligence émotionnelle[00:25:02]: Échecs et stratégies de redressement[00:26:39]: Conseils pour les jeunes aspirants champions[00:28:11]: Recommandation de lecture par Yohan[00:28:45]: ConclusionDistribué par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.
Meet Hark Housel, the owner of Housel Fun & Fitness. Mark is the retired NJ PE Teacher of the Year and the author of What Kind of Teacher Do You Want to Be! Mark is an energizing, positive, fit, and funny educator who will join me on the #ELB podcast LIVE on Sunday night, April 13th, 2025, at 7:15 EST. You can learn more about Mark here: https://houselfitness.com/Receive Mark's free monthly motivation here: https://houselfitness.com/teacher-tho...Buy Mark's book here: https://bit.ly/MHKindofTeacherThis podcast is sponsored by IXL Personalized Learning. IXL is used by more than 1 million teachers each day. It is also the most widely used online learning and teaching platform for K-12. Learn more here: https://bit.ly/ELBIXL
Housel is here because I needed backup for Skip. We got into POWER RANKINGS and the 4th and 15 gambling segment, also find out which secret celeb we think we can beat in a fight.
What do you think has more impact on your financial decisions, your income or your mindset? Would you believe that how you view and think about money matters more than how much money you make? If you're striving for financial success and want some insight into how your thinking impacts your probability of building wealth, then I have a book for you! Links: The Psychology of Money by Morgan Housel Check out TCU University for financial education tips and resources! Follow us on Facebook, Instagram and Twitter! Learn more about Triangle Credit Union Transcript: Welcome to Money Tip Tuesday from the Making Money Personal podcast. Financial education can come from so many places. Lessons can be learned through experience, observing the actions of others, formal education or exploring resources across the internet. For those who like to learn through reading, one financial book you should read is called The Psychology of Money by Morgan Housel. I really enjoyed this book. I found it really easy to understand and relatable. This book was written to explain away the notion that only highly intelligent people of great means can be successful and to make specific points on how mindset and behavior impact our ability to build and maintain wealth. Originally written in 2018 as a short report, the content was later expanded on and published as a book. It's not a long read as Housel's choice was to make book of smaller, shorter points that someone would finish reading than one long one they wouldn't. The book starts off with lessons from the lives of two men. One who was incredibly wealthy, loved to show it but eventually lost it, and another of a man who didn't appear wealthy but stunned everyone when he left multimillions in inheritance and endowments upon his death. One went broke, the other left a financial legacy. The question these two very different stories raise is “What made the difference in these two people's lives that led to such contrasting outcomes?” Housel attempts to answer this question in his book when he states, “doing well with money has a little to do with how smart you are and a lot to do with how you behave.” The goal for readers is that they'll apply the principles outlined in the book, to cultivate a healthier relationship with money, make more informed decisions, and ultimately achieve greater financial stability and peace of mind. Throughout the book, Housel lists up to 20 points on how our psychology around money affects our behavior, but because I don't have time to go over them all, here are some of the notable points that stood out to me most: In the book, he mentions how important it is to remember how the decisions people make with their money are tied to their individual experiences with the way the world works. Because those experiences vary widely, such as a child growing up in poverty versus another raised in luxury, the financial behaviors of one would seem completely foreign to the other. Housel states, “what looks crazy to you might make sense to me. But no one is crazy – we all make decisions based on our own unique experiences that seem to make sense to us in a given moment.” I felt that this point is serves as a good reminder that there should be no expectation that everyone will have the exact same behavior around money, as they're not all influenced by the same experiences. We should be understanding enough to know that poor financial habits or decisions are not due to lack of intelligence, they are more simply due to someone acting on the way they've grown to understand the world. He addresses what can happen when what you have is never enough. The subtitle to this point is when rich people do crazy things. The whole purpose of this point is to emphasize how important it is to know when you have enough, as greed can drive people to do crazy things, and, as he further illustrates, drive rich people to do crazier things. Housel shares stories of a few wealthy individuals, like Bernie Madoff, whose push to accumulate more wealth led to compromising decisions and ultimately jail sentences. I felt this point was a good reminder of how easy, and dangerous, it can be to fall into this mindset. It's important to recognize the impact and challenges having wealth can have on us like the added pressure from social comparisons, the moving of financial goalposts, and the temptation to take unethical risks in an effort to gain more money. Another point that stood out to me is his assertion that controlling your time is the highest dividend money pays, in other words, seek freedom. For many people, the desire to be wealthy is rooted in the desire to be happy. The book lists some scientific research showing that there's a strong correlation between someone's happiness and their ability to control their own life. He states, “more than your salary. More than the size of your house. More than the prestige of your job. Control over doing what you want, when you want, with the people that you want to, is the broadest variable that makes people happy.” The idea from this point is how important it is to make intentional decisions with your money; decisions that bring you closer to being able to enjoy this freedom. This type of freedom could be anything like having peace during an unexpected job loss, the ability to choose a new job with lower pay but with more flexible hours, or the ability to retire when you want and not when you have to. He shares, “You realize that aligning money towards a life that lets you do what you want, when you want, with who you want, where you want, for as long as you want, has incredible return.” I've chosen to apply this point as a personal ethos in my own life because I believe that investing in financial freedom enables a lifestyle that can sustain new opportunities and the true enjoyment of vocations. As mentioned previously, there are so many more points in the book about building wealth like the importance of compounding yet how it can be confusing to implement, that others are not as impressed with our possessions as we might be and that real wealth is not always obvious and recognizable. If you're interested in checking them out, get the book. It's worth the read. To sum it all up, I'll use a final quote from the book, "Financial success is not a hard science. It's a soft skill, where how you behave is more important than what you know." This perspective underscores the book's relevance, highlighting that our actions with money are often driven by emotions, biases, and personal experiences rather than purely rational calculations. By recognizing and addressing these psychological factors, you can better navigate your financial journey and achieve greater financial well-being. If there are any other tips or topics you would like us to cover, let us know at tcupodcast@trianglecu.org. Like and follow our Making Money Personal FB and IG page and look for our sponsor, Triangle Credit Union on social media to share your thoughts. Thanks for listening to today's Money Tip Tuesday and check out our other tips and episodes on the Making Money Personal podcast. Have a great day!
Aden Wilkins and David Andrew explore the psychology behind financial decision-making, drawing insights from Morgan Housel's award-winning book, The Psychology of Money. They discuss key concepts such as why no one's financial mindset is irrational, the difference between getting wealthy and staying wealthy, and why true wealth is often invisible. They also explore how different people play different financial games, emphasising the importance of understanding your own financial journey rather than comparing it to others. This episode is packed with practical wisdom on smart money habits, avoiding common pitfalls, and making financial decisions that align with your goals.(5:00 - 10:00) No one's crazy – How experiences shape financial behaviour(10:00 - 16:00) Getting wealthy vs. staying wealthy – Different skills required(16:00 - 22:00) Wealth is what you don't see (22:00 - 26:00) Why comparisons can be misleading(26:00 - 32:00) Investment mindsets and risk toleranceResources: The Psychology of Money: Timeless lessons on wealth, greed, and happiness : Housel, Morgan: Amazon.com.au: BooksFor more information on Capital Partners visit capital-partners.com.au. Have a question? Email us ask@capital-partners.com.au. This episode provides general advice only. Always refer to your financial adviser for advice about your personal circumstances. Capital Partners Consulting Pty Ltd AFSL 227148 trading as Capital Partners Private Wealth Advisers ABN 27 086 670 788.
Ever made a flippant, seemingly minor decision that radically changed the course of your life?Morgan Housel has experienced this. At age 17, he made a quick decision that ended up saving his life. Sadly, two of his friends were less fortunate. He shares that story in today's podcast episode, and sheds light on the lessons he's learned from it. Housel says that his lifesaving choice — and many of our other important decisions — are snap verdicts, ones that we don't spend much time thinking about. If pivotal moments are decided in a flash, how do we navigate risk? How do we evaluate our options? Housel says this comes understanding concepts that remain constant, consistent, and universal. We need to accept that humans aren't rational. We must appreciate the reasons why the best answer doesn't always win. We ought to remember that we overlook many good things happening around us. These constants will most likely impact our futures. Housel was named by MarketWatch as one of the 50 most influential people in the market. He is the New York Times bestselling author of The Psychology of Money. He joins us to discuss the ideas in his book, "Same As Ever". We're sharing this as part of GREATEST HITS WEEK, a 5-day series in which we're sharing 5 episodes, across 5 days, that originally aired at the start of 2024 (January through March). You may have missed it then; enjoy it now. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Ever feel like the world is spinning way too fast and you're just trying to keep up? Tech evolves, trends shift, but human behavior? It's constant! Morgan Housel's "Same as Ever" is a must-read book, and Omar is here to tell you why.Housel's book is a breath of fresh air, reminding us of the timeless principles that govern human behavior, business, and life. The book talks about how our biases, fears, and motivations today are much like those from a century ago. Mastering these can give you an edge in business and life. Every chapter is a gem, packed with wisdom that prompts you to think critically and take notes.If you're navigating a rapidly changing business landscape, "Same as Ever" provides timeless principles to ground yourself. Click play at the top of the page, hear why Omar says this is a must-read and how you can apply key concepts to your business building journey right now!Same as Ever by Morgan HouselDiscover all our must-read book reviews at https://100mba.net/bookreviews.Watch the episodes on YouTube: https://lm.fm/GgRPPHiSUBSCRIBEYouTube | Apple Podcast | Spotify | Podcast Feed
Ever feel like the world is spinning way too fast and you’re just trying to keep up? Tech evolves, trends shift, but human behavior? It's constant! Morgan Housel's “Same as Ever” is a must-read book, and Omar is here to tell you why. Housel's book is a breath of fresh air, reminding us of the […] The post MBA2557 Must Read: Same as Ever by Morgan Housel appeared first on The $100 MBA.
The Wilton Beavers secured an impressive win against MFL Marmac, advancing to the sub-state with a final score of 40-14. Quarterback Drew Keith and running back Owen Housel led the charge with stellar performances, contributing significantly to the team's success. Keith threw two touchdowns, including a 60-yard pass to Cade Serrata, while Housel excelled on the ground, scoring the opening touchdown and racking up impressive yardage. The Beavers' defense was relentless, effectively shutting down MFL Marmac's run game and limiting their passing success. Standout defensive players included Owen Haskell, who played a new role, and Gabe Brisker, who shadowed the opponent's top receiver throughout the game. Despite some minor setbacks with turnovers and missed extra points, the team played a cohesive game, capitalizing on both offensive and defensive strengths. Special teams had a mixed performance, with kicker Gatlin Rogers missing two point-after attempts, which the team aims to improve upon before facing Regina. The game atmosphere was electric, with a supportive home crowd and a vibrant student section theme of "pink out," adding to the excitement. As the Beavers prepare for their next challenge, the community and fans continue to rally behind their journey to the state championship.
In this episode, I talk about maintaining your best work, keeping your agency and autonomy in what you create, leading by example and letting your work do the talking, preserving your talent, your best work vs mediocre, not being forced into mediocrity and more.Follow me on Instagram @mattgottesmanJump on my weekly texts for the soul here 480-530-7352My writing mattgottesman.substack.com → Apparel (The Niche is You™) - Designs by me - thenicheisyou.com→ Recommended Book List - CLICK HEREFREE WORKSHOPS:→ Need MORE clarity? - Here's the FREE… 6 Days to Clarity Workshop - clarity for your time, energy, money, creativity, work & play→ Need MORE focus? - Here's our FREE Goal Planning Workshop 1-page templates for focus, priorities & defining clear, actionable next steps→ Need MORE money? - Here's our FREE Get Paid For Your Genius Workshop - steps to align your value with what you get paidMASTERCLASSES:→ Write, Design, Build: Content Creator Studio & OS - Growing the niche of you, your audience, reach, voice, passion & incomeCOMMUNITIES:→ Need a CREW to run with? - Join our… Build 1 Thing Creator Community (Weekly Live Coaching & Monthly Workshops) - Get unstuck, avoid burnout, hack habits, create & execute fluidly… accountability & growth group for artists, creatives and entrepreneurs.OTHER RELATED EPISODES:If You're Not Embarrassed By The First Version of Your Product, You've Launched Too LateApple: https://apple.co/48nLp9hSpotify: https://spoti.fi/4ffQ4MX
As part of our ritual practices on The Path, we share Housel together, eating and drinking something towards the end of any ritual. This practice serves two wonderful purposes. First, it is a way to celebrate being together and second, it is also a way to continue the process of grounding ourselves back into the mundane from […] The post Harvest Apple Bars appeared first on WebTalkRadio.net.
Every stock market valuation is a number from today multiplied by a story about tomorrow. Morgan Housel is the best-selling author of The Psychology of Money and Same as Ever. Robert Brokamp interviewed Housel at our member event FoolFest. This episode is a cut of their conversation. They discuss: - Why professional money managers often underperform the market. - The relationship between success and luck for investors. - Saving like a pessimist and investing like an optimist. - What spreadsheets can't tell you about spending. - The benefit of losing money early in an investing journey. Companies/Tickers Mentioned: TSLA Host: Robert Brokamp Guest: Morgan Housel Producer: Ricky Mulvey Engineer: Tim Sparks Learn more about your ad choices. Visit megaphone.fm/adchoices
Dive into the timeless insights of Morgan Housel's 'Same As Ever' in this enlightening episode. We unpack the most profound lessons from the book, exploring how subtle shifts in perspective can lead to monumental changes in personal finance and decision-making. Sam invites his book review cohost Nicolas Vereecke on the show to discover how Housel's principles can be applied to everyday life, providing clarity and guidance through the complexities of economics and behavioural finance. Lessons and principles include: Risk is what we don't see Balancing drive and satisfaction Investing in things that are permanent winners The role of Cohorts on success Permanent vs. Expiring information Join us as we decode strategies for smarter investing, savvier saving, and overall wiser financial health. Sponsors: ManScaped: Men's grooming at its best. 20% Off + Free Shipping - code 'GROWTH' - ManScaped.com/Growth ShortForm: Summaries of the world's best books. Free trial + 20% off - code 'PSYCHOLOGY' - ShortForm.com/Psychology SleepyClub: Doctor-approved natural sleeping aid that improves sleep quality. 20% discount - code 'GROWTH20' - SleepyClub.co.uk Morgan Housel Links Morgan's Blog - Collab Fund Morgan's Podcast - The Morgan Housel Podcast Psychology of Money Same As Ever Meet Sam Free Call - Schedule Link Growth Mindset Psychology: Sam Webster explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement. Watch - YouTube (Growth Mindset) Website - GrowthMindsetPodcast.com Insta - SamJam.zen Newsletter - Expansive Thinking Chapters: 00:00 Introduction - Things that never change 04:29 Book summary: Same as Ever by Morgan Hause 05:01 Human behaviour the Lindy Principle 05:54 Key Takeaway: Progress is Hard to See 06:56 The Impact of Evolution on Human Perception 10:10 The Risks We Don't See 10:47 The Role of Luck in Success 16:06 Happiness and Expectations 18:39 Balancing Stress and Relaxation 20:42 Balancing drive with Satisfaction - Ad break 23:13 The Influence of Your Social Circle 28:06 The Impact of Age in Professional Hockey 29:02 The Role of Private Tutoring in Education 29:42 The Influence of Cohorts on Success 31:16 Permanent vs. Expiring Information 33:39 Books vs. Podcasts: A Debate 37:46 Getting information from the source - Ad break 2 42:42 The Value of Taste and Enthusiasm 44:34 Book Review and Final Thoughts Learn more about your ad choices. Visit podcastchoices.com/adchoices
Join us for an inspiring episode with Mark Housel, the 2023 Shape America Eastern District Teacher of the Year. Mark shares the experiences and inspirations behind his new book, "What Kind of Teacher Do You Want to Be?" Hear about the challenges he faced in school that ignited his passion for teaching and discover his effective strategies for managing student behavior. Mark also discusses his views on competition and the mixed messages students often receive. Plus, learn about Housel FUN & Fitness, his innovative business that helps students and families connect through engaging fitness programs. Contact Mark at: https://houselfitness.com/
Ryan and Andrew on "Horizon Advisers Unleashed" podcast as they dive deep into the insightful book "The Psychology of Money" by Morgan Housel. In this special book review episode, Ryan and Andrew unpack the key principles and thought-provoking concepts from Housel's exploration of the complex relationship between psychology and finance. Through engaging discussions and real-world examples, they illuminate the behavioral biases that influence financial decisions and share practical strategies for cultivating a healthy mindset towards money. Whether you're a seasoned investor or just beginning your financial journey, this podcast provides valuable insights and actionable advice to help you navigate the intricacies of personal finance with confidence.
Knowledge Project The skills it takes to get rich are drastically different from the skills it takes to stay rich. Few understand this phenomenon more than Morgan Housel. He's identified unique lessons about wealth, happiness, and money by studying the world's richest families and learning what they did to build their wealth and just how quickly they squandered it all.In this conversation, Shane and Housel discuss various aspects of risk-taking, wealth accumulation, and financial independence. Morgan explains the importance of understanding personal financial goals and the dangers of social comparison, lets everyone in on his personal financial “mistake” that instantly made him sleep better at night, and why the poorest people in the world disproportionately play the lottery—and why it makes sense that they do. They also touch on the influence of upbringing on financial behaviors, the difference between being rich and wealthy, and the critical role of compounding in financial success. Of course, we can't have a writer as good as Morgan Housel on the podcast and not ask him about his process, so Housel concludes with insights into storytelling, his writing processes, and the importance of leading by example in teaching financial values to children.Morgan Housel is a partner at Collaborative Fund. Previously, he was an analyst at The Motley Fool. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers and was selected by the Columbia Journalism Review for the Best Business Writing anthology. He's the author of two books: The Psychology of Money and Same as Ever.Watch the episode on YouTube: https://www.youtube.com/c/theknowledgeproject/videos Newsletter - I share timeless insights and ideas you can use at work and home. Join over 600k others every Sunday and subscribe to Brain Food. Try it: https://fs.blog/newsletter/ My Book! Clear Thinking: Turning Ordinary Moments into Extraordinary Results is out now - https://fs.blog/clear/ Follow me: https://beacons.ai/shaneparrish Join our membership: https://fs.blog/membership/ Sponsors Protekt: Simple solutions to support healthy routines. Enter the code "Knowledge" at checkout to receive 30% off your order. https://protekt.com/knowledge (00:00) Intro (04:46) Risk and income (07:40) On luck and skill (10:10) Buffett's secret strategy (12:28) The one trait you need to build wealth (16:20) Housel's capital allocation strategy (16:48) Index funds, explained (20:59) Expectations and moving goalposts (22:17) Your house: asset or liability? (27:39) Money lies we believe (32:12) How to avoid status games (35:04) Money rules from parents (40:15) Rich vs. wealthy (41:46) Housel's influential role models (42:48) Why are rich people miserable? (45:59) How success sows the seeds of average performance (49:50) On risk (50:59) Making money, spending money, saving money (52:50) How the Vanderbilt's squandered their wealth (1:04:11) How to manage your expectations (01:06:26) How to talk to kids about money (01:09:52) The biggest risk to capitalism (01:13:56) The magic of compounding (01:16:18) How Morgan reads (01:22:42) How to tell the best story (01:24:42) How Morgan writes (01:35:42) Parting wisdom and thoughts on success
Knowledge Project The skills it takes to get rich are drastically different from the skills it takes to stay rich. Few understand this phenomenon more than Morgan Housel. He's identified unique lessons about wealth, happiness, and money by studying the world's richest families and learning what they did to build their wealth and just how quickly they squandered it all.In this conversation, Shane and Housel discuss various aspects of risk-taking, wealth accumulation, and financial independence. Morgan explains the importance of understanding personal financial goals and the dangers of social comparison, lets everyone in on his personal financial “mistake” that instantly made him sleep better at night, and why the poorest people in the world disproportionately play the lottery—and why it makes sense that they do. They also touch on the influence of upbringing on financial behaviors, the difference between being rich and wealthy, and the critical role of compounding in financial success. Of course, we can't have a writer as good as Morgan Housel on the podcast and not ask him about his process, so Housel concludes with insights into storytelling, his writing processes, and the importance of leading by example in teaching financial values to children.Morgan Housel is a partner at Collaborative Fund. Previously, he was an analyst at The Motley Fool. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers and was selected by the Columbia Journalism Review for the Best Business Writing anthology. He's the author of two books: The Psychology of Money and Same as Ever.Watch the episode on YouTube: https://www.youtube.com/c/theknowledgeproject/videos Newsletter - I share timeless insights and ideas you can use at work and home. Join over 600k others every Sunday and subscribe to Brain Food. Try it: https://fs.blog/newsletter/ My Book! Clear Thinking: Turning Ordinary Moments into Extraordinary Results is out now - https://fs.blog/clear/ Follow me: https://beacons.ai/shaneparrish Join our membership: https://fs.blog/membership/ Sponsors Protekt: Simple solutions to support healthy routines. Enter the code "Knowledge" at checkout to receive 30% off your order. https://protekt.com/knowledge (00:00) Intro (04:46) Risk and income (07:40) On luck and skill (10:10) Buffett's secret strategy (12:28) The one trait you need to build wealth (16:20) Housel's capital allocation strategy (16:48) Index funds, explained (20:59) Expectations and moving goalposts (22:17) Your house: asset or liability? (27:39) Money lies we believe (32:12) How to avoid status games (35:04) Money rules from parents (40:15) Rich vs. wealthy (41:46) Housel's influential role models (42:48) Why are rich people miserable? (45:59) How success sows the seeds of average performance (49:50) On risk (50:59) Making money, spending money, saving money (52:50) How the Vanderbilt's squandered their wealth (1:04:11) How to manage your expectations (01:06:26) How to talk to kids about money (01:09:52) The biggest risk to capitalism (01:13:56) The magic of compounding (01:16:18) How Morgan reads (01:22:42) How to tell the best story (01:24:42) How Morgan writes (01:35:42) Parting wisdom and thoughts on success
The skills it takes to get rich are drastically different from the skills it takes to stay rich. Few understand this phenomenon more than Morgan Housel. He's identified unique lessons about wealth, happiness, and money by studying the world's richest families and learning what they did to build their wealth and just how quickly they squandered it all.In this conversation, Shane and Housel discuss various aspects of risk-taking, wealth accumulation, and financial independence. Morgan explains the importance of understanding personal financial goals and the dangers of social comparison, lets everyone in on his personal financial “mistake” that instantly made him sleep better at night, and why the poorest people in the world disproportionately play the lottery—and why it makes sense that they do. They also touch on the influence of upbringing on financial behaviors, the difference between being rich and wealthy, and the critical role of compounding in financial success. Of course, we can't have a writer as good as Morgan Housel on the podcast and not ask him about his process, so Housel concludes with insights into storytelling, his writing processes, and the importance of leading by example in teaching financial values to children.Morgan Housel is a partner at Collaborative Fund. Previously, he was an analyst at The Motley Fool. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers and was selected by the Columbia Journalism Review for the Best Business Writing anthology. He's the author of two books: The Psychology of Money and Same as Ever.Watch the episode on YouTube: https://www.youtube.com/c/theknowledgeproject/videos Newsletter - I share timeless insights and ideas you can use at work and home. Join over 600k others every Sunday and subscribe to Brain Food. Try it: https://fs.blog/newsletter/ My Book! Clear Thinking: Turning Ordinary Moments into Extraordinary Results is out now - https://fs.blog/clear/ Follow me: https://beacons.ai/shaneparrish Join our membership: https://fs.blog/membership/ Sponsors Protekt: Simple solutions to support healthy routines. Enter the code "Knowledge" at checkout to receive 30% off your order. https://protekt.com/knowledge (00:00) Intro (04:46) Risk and income (07:40) On luck and skill (10:10) Buffett's secret strategy (12:28) The one trait you need to build wealth (16:20) Housel's capital allocation strategy (16:48) Index funds, explained (20:59) Expectations and moving goalposts (22:17) Your house: asset or liability? (27:39) Money lies we believe (32:12) How to avoid status games (35:04) Money rules from parents (40:15) Rich vs. wealthy (41:46) Housel's influential role models (42:48) Why are rich people miserable? (45:59) How success sows the seeds of average performance (49:50) On risk (50:59) Making money, spending money, saving money (52:50) How the Vanderbilt's squandered their wealth (1:04:11) How to manage your expectations (01:06:26) How to talk to kids about money (01:09:52) The biggest risk to capitalism (01:13:56) The magic of compounding (01:16:18) How Morgan reads (01:22:42) How to tell the best story (01:24:42) How Morgan writes (01:35:42) Parting wisdom and thoughts on success
Morgan Housel argues that the tangible, quantitative nature of money often causes people to focus greedily on accumulating it rather than intangibly, yet more importantly, strengthening relationships and social bonds. He notes the blindness fertile ground for social debt, as flashy displays intended to impress can instead foster envy, advising avoiding behaviors that lead to resentment. Housel emphasizes marriages evolving beyond pragmatic partnerships to bonds of love filled with unrealistic expectations of problem-solving and emotional support. Ultimately, he contends sustainable relationships stem from spouses devotionally bettering each other's lives without expectation of reciprocity.LISTEN TO THE FULL EPISODE!Sign up for the Greatness newsletter!
This week Michelle and I discuss our insights after reading Same As Ever by Morgan Housel. In Same As Ever, Housel talks about how many things- patterns, behaviors, economic cycles- never change and how these constants can be more interesting than things that evolve. He quotes Naval Ravikant “In 1,000 parallel universes, you want to be wealthy in 999 of them. You don't want to be wealthy in the fifty of them where you got lucky, so we want to factor luck out of it … I want to live in a way that if my life played out 1,000 times, Naval is successful 999 times”. Michelle and I took the premise of this book and thought about how this affects us as individuals. What would be true about us if we were born into a thousand different realities where everything is different about us except our character traits? What similar struggles or triumphs would we endure in each lifetime because of these character traits? We discuss our thoughts during today's episode. What about you would be the same in multiple realities? Is it positive or negative or both? Is there anything you could do to change it if you wanted to? Let us know your thoughts below!Show Notes:Same as Ever by Morgan Housel Community TimeCongratulations Areeb from EPISODE 13 for his partnership with Amazon! Areeb started a recycling company called Glacier, check out his episode with us. Janice CK Takeaway thread from Paul Millards interview Thank you Abby for your oatmeal recipeHYPRfocus saw FI numbers at a real estate conference she attended! Find more show notes and interact with the Build A Wealthy Spirit community at buildawealthyspirit.com!
The Dentist Money™ Show | Financial Planning & Wealth Management
On this episode of the Dentist Money Show, Ryan, Matt, and Victoria examine how Morgan Housel guides investors past uncertainty by revealing what remains constant. “Want to understand the changing world? Start with what stays the same.” So counsels Housel, a name you've heard many times on our podcast. And now he gets a show devoted specifically to his advice as we review Same As Ever, his new book. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.
As I was reading "The Psychology of Money" by Morgan Housel, a striking piece of wisdom from Seneca sprang to mind, beautifully resonating with the book's themes, especially the chapter titled "Wealth Is What You Don't See." Seneca's words, "Let us get used to dining out without the crowds, to being a slave to fewer slaves, to getting clothes only for their real purpose, and to living in more modest quarters," encapsulate a profound approach to life and wealth that's deeply relevant today. This episode of Stoic Flow Thursdays explores how Seneca's ancient advice intersects with the modern understanding of frugality and true wealth, offering insights into living a richer, more content life by valuing what's truly important, often what's not immediately visible. Key Takeaways: ✅ Seneca's ancient wisdom parallels modern insights into the essence of true wealth. ✅ The chapter "Wealth Is What You Don't See" from Housel's book underscores the value of unseen assets over visible consumption. ✅ True richness lies in the quality and intentionality of our lives, not the accumulation of possessions. ✅ Simplifying our lifestyle can lead to greater peace, contentment, and an authentic sense of wealth.
Los fondos de búsqueda permiten que un joven emprendedor se ponga a la cabeza de una pequeña empresa en crecimiento, con el objetivo de convertirla en grande. Al mismo tiempo, los inversores del fondo ofrecen su conocimiento para que el joven directivo saque el proyecto adelante. Jan Simon es profesor en el departamento de Iniciativa Emprendedora del IESE y desarrolló su carrera profesional en el sector bancario. Ahora busca oportunidades de inversión en unos mercados imperfectos. Kapital es posible gracias a sus colaboradores: Para obtener un préstamo y comprar una propiedad de 150.000 euros, necesitas una entrada de 30.000. No solo esto. Para pagar los impuestos y las pequeñas reformas, necesitarás 25.000 más. ¿Tienes 55.000 euros? Si es así, bien. Si no, Equito App. Equito te permite invertir en inmuebles desde 100 euros, recibiendo dividendos por tus alquileres cada mes. La plataforma pronto llegará a los 100.000 usuarios activos. ¿Te unes? Invierte de manera sencilla y sin complicaciones con Equito App. Patrocina Kapital. Toda la información en este link. Índice: 1:12 Entrenamiento para eliminar el ego. 11:56 Comunicación eficiente en el campo de batalla. 20:16 Lecciones de carrera en las fuerzas especiales belgas. 31:42 Los abuelos que no hablaban de la guerra. 35:32 Waterpolo en las piscinas Picornell. 37:14 Tu ventaja competitiva no vendrá de decisiones calculadas. 48:48 El día a día en Goldman Sachs. 1:00:22 Huye de los mercados en competencia perfecta. 1:12:16 Xavi no predica con el extreme ownership. 1:16:49 Las decisiones que no tomaste. 1:24:37 Es más fácil invertir desde Omaha. 1:29:29 Housel comprendió el riesgo escondido de forma trágica. 1:34:45 La bomba de relojería de los tipos de interés. 1:40:30 ¿Cómo funciona un search fund? 1:51:15 El perfil de 0 a 1 y el perfil de 1 a 100. 2:02:30 Generar las ideas escribiendo. 2:08:17 Agradecimiento por la asignación eficiente del capital. Apuntes: Search funds & entrepreneurial acquisitions. Jan Simon. University of Texas. William McRaven. Hermanos de sangre. Stephen Ambrose. Competition is for losers. Peter Thiel. Leadership strategy and tactics. Jocko Willink. Poor Charlie's almanack. Charlie Munger.
E' possibile rivoluzionare la propria vita finanziaria - e non solo - con appena 15 minuti al giorno? Con 4Books, l'app che permette di ascoltare in 15 minuti i riassunti di tutti i più importanti libri mai scritti su tematiche di Business, Imprenditorialità, Marketing, ma anche Scienza, Salute, Nutrizione e ovviamente Finanza. Nell'episodio di oggi vediamo un percorso in 5 mosse che in una settimana, in 15 minuti al giorno, può fornire tutti gli strumenti fondamentali per iniziare a impostare il proprio percorso di crescita finanziaria. M. Housel, The Psychology of Money J. Clear, Atomic Habits R. Sethi, I will teach you to be rich C. Voss, Never split the Difference B. Malkiel, A Random Walk down Wall Street N. Maggiulli, Just Keep Buying Seguiteci anche su Instagram! https://instagram.com/thebull_finance?igshid=OGQ5ZDc2ODk2ZA =============================================== #ad #4books 4books.com/thebull Il link è sponsorizzato da 4Books e l'autore potrebbe percepire una commissione se viene attivato un abbonamento attraverso questo link. =============================================== ATTENZIONE: nessun contenuto di questo podcast deve essere inteso come una raccomandazione di investimento. La citazione di determinati ETF è a mero scopo esemplificativo e non deve essere intesa in alcun modo come una sollecitazione all'acquisto di specifici prodotti finanziari. L'autore non è un consulente finanziario e non intende presentarsi come tale. Affidatevi sempre a dei professionsti e/o assicuratevi sempre di aver compreso pienamente il funzionamento, le implicazioni e i rischi di ciascun prodotto finanziario prima di investirvi del denaro. L'autore non è inoltre collegato ad alcuna società emittente di prodotti di investimento.
We usually talk about stress as something you need to reduce, or recover from. But there are different types of stress -- good stressors and bad stressors -- and sometimes stress drives us to accomplish things and innovate when we otherwise wouldn't. To that end, Mark and Jesse discuss Morgan Housel's book Same As Ever: A Guide to What Never Changes, in which Housel outlines the way stressors and risk taking drives us to grow achieve new things. Mark also shares a recent story about how the stress of a bookkeeping sprint at work provided the spark for him to write new software to automate a key process in his business, and save a lot of time as a result. Other books mentioned in this episode: Endurance by Alfred Lansing The Psychology of Money by Morgan Housel Mark Butler, Virtual CFO The Money School: https://moneyschool.works https://markbutler.com https://letsdothebooks.com YNAB https://www.youneedabudget.com
#488: Ever made a flippant, seemingly minor decision that radically changed the course of your life? Morgan Housel has experienced this. At age 17, he made a quick decision that ended up saving his life. Sadly, two of his friends were less fortunate. He shares that story in today's podcast episode, and sheds light on the lessons he's learned from it. Housel says that his lifesaving choice -- and many of our other important decisions -- are snap verdicts, ones that we don't spend much time thinking about. If pivotal moments are decided in a flash, how do we navigate risk? How do we evaluate our options? Housel says this comes understanding concepts that remain constant, consistent, and universal. We need to accept that humans aren't rational. We must appreciate the reasons why the best answer doesn't always win. We ought to remember that we overlook many good things happening around us. These constants will most likely impact our futures. Housel was named by MarketWatch as one of the 50 most influential people in the market. He is the New York Times bestselling author of The Psychology of Money. His new book is titled Same As Ever. He joins us to discuss the ideas in his latest book. For more information, visit the show notes at https://affordanything.com/episode488 Learn more about your ad choices. Visit podcastchoices.com/adchoices
The Michael Yardney Podcast | Property Investment, Success & Money
Have you set big goals for yourself in investing or business in 2024? Is financial freedom part of your plan? Today's show is a continuation of a two-part series where Mark Creedon and I explore 18 Wealth Lessons from Morgan Housel's great book The Psychology of Money. Housel tells us about the principles of behavioral finance rather than property strategy or finance tips. The psychology of investor behaviors can help you understand why some make successful moves while others don't, and help you create the right wealth habits and mindset for yourself. In the last show, we discussed 9 wealth lessons in the first 9 chapters of the book. Mark and I continue on today with the rest of the chapters. No matter where you are on your financial journey, today's show will help you on the way to financial freedom and property, investment, and business success. Links and Resources: Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Why not join Metropole's Mastermind Business Accelerator Learn more about Mark Creedon – Business Coach to some of Australia's leading entrepreneurs Get a copy of Mark's new book here – Have a Business, not a Job Subscribe to Mark's Mastermind for Business Podcast here Get a bundle of eBooks and reports – www.PodcastBonus.com.au Join us at Wealth Retreat 2024 – find out more and register your interest – www.WealthRetreat.com.au Shownotes plus more here: Pocketing Prosperity: Exploring Morgan Housel's Wealth Wisdom Part 2
The Michael Yardney Podcast | Property Investment, Success & Money
Today's show is aimed at helping you become a better investor, entrepreneur, or business person with the help of the wealth lessons in Morgan Housel's book, The Psychology of Money. Rather than property or finance strategies, Housel's book is about the principles of behavioral finance. Understanding the effects of psychology on investors and financial markets can give you important insights and help you overcome the biases that are holding you back. Listen in as Mark Creedon and I explore quotes from Housel's book and explain why investors sometimes seem to make bad decisions or work against themselves, and how you can avoid falling into these pitfalls. We'll cover each chapter over two episodes of the Michael Yardney Podcast Links and Resources: Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Why not join Metropole's Mastermind Business Accelerator Learn more about Mark Creedon – Business Coach to some of Australia's leading entrepreneurs Get a copy of Mark's new book here – Have a Business not a Job Subscribe to Mark's Mastermind for Business Podcast here Get a bundle of eBooks and reports – www.PodcastBonus.com.au Join us at Wealth Retreat 2024 – find out more and register your interest – www.WealthRetreat.com.au Shownotes plus more here: 18 Wealth Lessons from “The Psychology of Money” by Morgan Housel with Mark Creedon
Let's say you have a big goal for 2024, financially or personally. What happens after you reach it? Morgan Housel is the best-selling author of “Same As Ever” and “The Psychology of Money”. Dylan Lewis caught up with Housel for a discussion about: - Setting up processes, not resolutions for the new year. - The biggest significant economic story (that's already known). - What early criticisms of cars, airplanes, and AI have in common. Host: Dylan Lewis Guest: Morgan Housel Producer: Ricky Mulvey Engineer: Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices
In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life's most important topics.
Can money buy happiness? Finance writer Morgan Housel made waves in 2020 with the publication of his runaway hit The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness. Housel's new book, Same as Ever: A Guide to What Never Changes, is an instant bestseller. Housel joins Preet to talk about the psychology of money and the motivations that can help and hurt investors – and all of us. Plus, the problem with referring to federal judges by the presidents who appointed them and the question of damages in the Rudy Giuliani defamation trial. Don't miss the Insider bonus, where Preet and Housel discuss the podcast industry and further explore Housel's life story. To listen, become a member of CAFE Insider for $1 for the first month. Head to cafe.com/insider. For show notes and a transcript of the episode head to: cafe.com/stay-tuned/money-and-happiness-with-morgan-housel/ Have a question for Preet? Ask @PreetBharara on Threads, or Twitter with the hashtag #AskPreet. Email us at staytuned@cafe.com, or call 669-247-7338 to leave a voicemail. Stay Tuned with Preet is brought to you by CAFE and the Vox Media Podcast Network. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Ever thought about the countless variables that influence your investment decisions and how mastering the art of simplicity could be a game-changer? Join us, Jared and Adam, as we dissect Morgan Housel's enlightening book, "Same as Ever". Filled with bite-sized wisdom, this book reveals the power of long-term thinking, the beauty of focusing on constants over variables, and the potential traps of emotional investing. With Jeff Bezos' business strategy as a case study, you'll understand how these concepts work in the real world. Life, just like history, is unpredictable - small moments can drastically alter its course. From the Revolutionary War to the sinking of the Lusitania, we illustrate how seemingly insignificant factors can have enormous impacts. Drawing from these historical events, we delve into the importance of humility when predicting future trends, particularly for investing. After all, acknowledging our inability to foresee every detail could be the key to avoiding costly financial mistakes. In our final segment, we invite you to step back and look at the bigger picture, both in terms of your investments and life in general. We draw parallels between the roller coaster rides of the market and life, discussing the significance of managing expectations and practicing gratitude in cultivating happiness. Furthermore, we delve into the backstory of Housel's other book "The Psychology of Money," sharing how personal experiences, including a near-death experience, shaped his views on finance. As we wrap up, we leave you with a powerful story from the book that underscores the impact our financial decisions can have. Join us in this insightful journey as we navigate the often unpredictable, yet rewarding world of investing. (00:00) - Morgan Household's Book on Behavioral Finance Lessons (12:13) - Unpredictable History and Future (25:20) - The Importance of Perspective and Mindfulness (37:16) - Spread Knowledge and Share Personal Story
CNBC's Bob Pisani sat down with Dave Nadig, Financial Futurist at VettaFi, and Morgan Housel, partner at The Collaborative Fund and author of “Same as Ever: A Guide to What Never Changes.” Arguably one of the most popular writers on the subject of investor behavior, Housel is the author of “The Psychology of Money” – now out with a new book offering timeless lessons on what never changes in an ever-changing world.In the “Markets 102” portion, Bob continued the conversation with Dave Nadig from VettaFi.
Caught in the seemingly endless cycle of the rat race? Feel like your financial future is on shaky ground? If so, part one of our two-part series with Morgan Housel is an absolute must-listen. We kick off our conversation by diving into the depths of the wealth creation process. It's not about outsmarting others; it's about avoiding common financial pitfalls. I'm excited to have Morgan Housel, a renowned author and financial behaviorist, join us for this insightful discussion. Known for his unique perspectives on personal finance and wealth creation, and his bestselling book, "The Psychology of Money," Morgan will share a simple yet potent formula for building wealth and overcoming financial insecurity. This episode is more than just a guide to wealth accumulation; it's about understanding your desires, abilities, and risk tolerance - crucial components of Housel's wealth creation strategy. He simplifies the often complex world of compounding interest with easily understandable principles. We all yearn for financial independence, but often find ourselves seeking step-by-step instructions to achieve it. The path to wealth, although straightforward, is clouded with societal expectations and envy. Tune in now to begin your journey towards financial freedom! Check out Morgan's latest book, Same As Ever, A Guide to What Never Changes: https://www.amazon.com/Same-Ever-Guide-Never-Changes/dp/0593332709 Follow Morgan Housel Website: https://www.morganhousel.com/ Twitter: https://twitter.com/morganhousel Instagram:https://www.instagram.com/morganhousel/ Podcast: https://podcasts.apple.com/us/podcast/the-morgan-housel-podcast/id1675310669 Follow Tom Bilyeu: Website: https://impacttheoryuniversity.com/ Twitter: https://twitter.com/TomBilyeu Instagram: https://www.instagram.com/tombilyeu/ SPONSORS: Get $150 OFF your incredible Cold Plunge tub when you use code IMPACT at https://bit.ly/PlungeImpact Sign up today at https://bit.ly/ButcherBoxImpact and use code IMPACT to get a FREE TURKEY plus $20 off your first order. This episode is sponsored by BetterHelp. Give online therapy a try at https://bit.ly/BetterhelpImpact and get on your way to being your best self. Learn a new language and get 55% off at https://bit.ly/BabbelImpact. Are You Ready for EXTRA Impact? If you're ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you. Want to transform your health, sharpen your mindset, improve your relationship, or conquer the business world? This is your epicenter of greatness. This is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day. Subscription Benefits: Unlock the gates to a treasure trove of wisdom from inspiring guests like Andrew Huberman, Mel Robbins, Hal Elrod, Matthew McConaughey, and many, many, more New episodes delivered ad-free Exclusive access to Tom's AMAs, keynote speeches, and suggestions from his personal reading list You'll also get access to an 5 additional podcasts with hundreds of archived Impact Theory episodes, meticulously curated into themed playlists covering health, mindset, business, relationships, and more: Legendary Mindset: Mindset & Self-Improvement Money Mindset: Business & Finance Relationship Theory: Relationships Health Theory: Mental & Physical Health Power Ups: Weekly Doses of Short Motivational Quotes Subscribe on Apple Podcasts: https://apple.co/3PCvJaz Subscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices
Why does getting wealthy and staying wealthy involve two different skill sets? Author of The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness, Morgan Housel says, "There are a million ways to get wealth, but only one way to stay wealthy." Join us today as we focus on a few particularly enlightening chapters from Housel's book, which is filled with rich wisdom and interesting examples. Together we'll wrap our minds around his fascinating insights on the psychology of money. As always, please consider sharing this episode with a friend, family member, or coworker. We appreciate your support as listeners! For questions, comments, and topics, you can email us at @askcreatingwealth@taberasset.com.
"แต่วันหนึ่ง ในอนาคตอันยาวไกล ลูกจะหันมาสนใจเรื่องการเงิน และเมื่อถึงวันนั้น นี่คือสิ่งที่ผมอยากแนะนำ (But one day -- a long time from now -- he'll need to learn something about finance. When he does, here's my advice)." .Morgan Housel ผู้เขียนหนังสือ The Psychology of Money (จิตวิทยาว่าด้วยเงิน) ได้เขียน 10 คำแนะนำทางการเงินชื่อว่า "Financial Advice for My New Son" ลงใน The Motley Fool ให้กับลูกชายของเขาที่เพิ่งลืมตาดูโลกเมื่อปี 2015 ในอีพีนี้เรามาจะพูดคุยกันว่า Housel เขียนฝากอะไรไว้บ้าง .นี่ถือเป็นอีกตอนหนึ่ง ที่เมื่อฟังจบแล้ว อาจทำให้เราได้รู้แนวคิดที่ไม่ได้ทำให้เราได้ตระหนักถึงเรื่องการเงินเท่านั้น แต่ยังเป็นเรื่องการดำเนินชีวิตและวิธีมองโลก
On this episode of Gathering The Kings, we welcome Bob Rubin, the brains behind Rubin Wealth Advisors to join host, Chaz Wolfe, at the king's table. With 25 years of entrepreneurial experience under his belt, Rubin has carved a unique niche for himself in the world of investment, targeting only politically like-minded clientele. His entrepreneurial journey has seen him found an adrenaline-packed venture, Machine Gun America, a gun range giving enthusiasts an exciting outlet, and create a 'wokeness' evaluation system to decide investment-worthy businesses.Our conversation with Rubin travels through the interesting terrain of conservative wealth management, diving into the mechanics of kick-starting an investment journey. He shares his insights on why it's critical to embrace discomfort to reach your goals and sheds light on how to navigate challenging decisions with your spouse with grace and respect. Ready to get your mindset shaken and stirred? Hit play and let's get started! #entrepreneur #podcast #businessowner #entrepreneurmindset #financialadvisorDuring this episode, you will learn about;[00:56] Intro to Bob and his business[02:57] Bob talks about how he became a niche wealth advisor[07:09] The origin story of Bob's love of entrepreneurialism and free enterprise[09:45] Where does Bob's passion for finance and investing come from?[17:21] Bob's practical advice on how to start saving money today[20:11] 3 practical good decisions that Bob encourages you to make[21:50] A decision that Bob wishes he would have made sooner[24:07] What held Bob back from making that decision?[31:13] How does Bob obsess over family and business at the same time?[34:43] What advice would Bob give to the younger version of himself?[36:03] How to connect with Bob[37:13] Info on Gathering The Kings MastermindNotable Quotes"Get married and choose a really good partner. Don't marry an idiot." - Bob Rubin"Smart people learn from their own mistakes, but wise people learn from the mistakes of others." - Bob Rubin"Don't pass up the good in the search for the perfect." - Bob Rubin"You don't want to wait to make it perfect." - Chaz Wolfe (Host)Books and Resources Recommended:Housel, Morgan. The Psychology of Money, 2020.The Psychology of Money: Timeless lessons on wealth, greed, and happiness: Housel, Morgan: 9780857197689: Amazon.com: BooksLet's Connect!Bob Rubin's Info:Website: https://www.rubinwealthadvisors.com/LinkedIn: https://www.linkedin.com/in/bobrubinwa/Twitter: https://twitter.com/BBRubin1Chaz Wolfe (Host): Linktree: https://linktr.ee/chazwolfeWebsite: www.gatheringthekings.comFacebook: https://www.facebook.com/chazwolfe/Facebook: ...
In this video, we explore the insights from the chapter "Getting Wealthy vs Staying Wealthy" by Morgan Housel. Housel, a renowned financial writer, and investor, shares his thoughts on the difference between accumulating wealth and preserving it. He argues that while getting wealthy requires certain skills and strategies, staying wealthy requires a different mindset and approach. Whether you're a seasoned investor or just starting out, this video is packed with valuable information to help you achieve your financial goals.
In our latest episode of the “How to Teach Your Kids About Money” podcast, COR founder, Alec, and COR mom and Chief Community Officer, Julie, cook up a hearty discussion on the challenging recipe of teaching kids about money, even when parents themselves are unsure. They unpack the psychology of money, pointing out that understanding finance is different from managing behaviors around it, much like the ins and outs of the science of nutrition are different from eating healthy and teaching our kids good food habits. Listen as Alec highly recommends The Psychology of Money by Morgan Housel, which is a big deal, since this is the first time Alec has fully recommended a book with this kind of fervor over his 18-year career in finance. It's a book Alec and Julie believe can truly change your view on finance. A key point they highlight from the book is that money skills are behavior skills. Being good with money doesn't require knowledge of complex financial topics. It requires certain behaviors. And while Housel asserts it's really tough to teach behavior to adults … You know who it's really easy to teach behavior to? Kids! Ever tried to teach a kid to make a salad? Julie also shares about a "junk food feast" at her daughter's school, where Julie turned a fun activity into a budgeting lesson for Cassidy. With Cassidy in charge of choosing what to buy within the set budget, she was able to learn about pricing, and make strategic choices. Alec and Julie believe in money talks as an integrated part of family life, not a dreaded chore. They affirm that these money manners can indeed be learned, even if it takes a bit of trial and error, likening it to developing healthy eating habits. Join us for this enlightening chat, learn some actionable tips on how to teach your kids about money, and let's help our kids grow into financially savvy adults! Don't forget to rate, review, and subscribe to "Cents of Responsibility". Please let us know if you enjoyed this episode or have any suggestions for future episodes. We'd love to hear from you! In the meantime, teach cents-ibly! ======================= Relevant Links: The Psychology of Money YNAB (You Need a Budget) ======================= In this episode: - Alec Lindenauer, COR's Chief Allowance Officer, Financial Planner and Certified Financial Education Instructor℠ - Julie Frans, COR Chief Community Officer, and COR Mom ======================= Want more resources to teach your child about money? Check ‘em out here:
Money is an emotion. While we like to think of wealth-building as a purely rational or strategic exercise, those who ignore the psychological component are at a disadvantage. Today's Must-Read explores how your heart & soul — not just your profit & loss sheet — impacts your ability to thrive in business.The Psychology of Money by Morgan Housel isn't your average entrepreneurship guide. It serves up high-impact insights on personal and business finance in bite-sized chapters and everyday language. But it's not just about making money — it's about understanding the deeply human factors that affect how we manage it: our life experiences, biases, fears, and attachments. No one (seriously, no one) does business with just their rational mind.Ever been baffled by someone else's business decision? Housel's book sheds light on the mysteries, breaking down how our subjective perceptions of money guide our financial moves, and demonstrating that almost anyone can make money, even if they lack financial advantages.In other words, you don't need a silver spoon; you just need the right mindset.Embrace the emotional side of business, and you'll make more rational decisions. Dive into the psychology of money, and come out richer on the other side. Click Play!SUBSCRIBE ON APPLE PODCASTS Stitcher | Spotify| Podcast Feed| How To SubscribeGive us a Rating & Review Show LinksThe Psychology of Money by Morgan Housel
This week's theme on the Retirement Quick Tips Podcast is: Best Personal Finance Books To Read This Summer Today's book choice is: The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness by Morgan Housel Published in 2020, this book is a modern classic. In fact, at some point, I'm going to devote an entire week on the podcast to this book because there are so many lightbulbs that went off for me when I read this book and many of the insights I read in this book were new to me - which is saying something since I do this finance stuff for a living, and I devote a lot more time to learning and researching topics in this area compared to the average advisor because of this podcast. Who should read it: Honestly, everyone. Whether you're money savvy or not, old or young, you will benefit from reading this book. Description (from Amazon): Money - investing, personal finance, and business decisions - is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don't make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life's most important topics. Why I like it so much: It talks about things that you don't normally read in personal finance books - many of which tend to be solely focused on accumulating more money. Instead, Housel talks about why being humble and controlling your envy, greed, and other negative emotional traps is so important to making good money decisions and avoiding the sloppy decisions that can be ruinous. Pairs well with: your favorite beer or wine. It's actually a fun read, and something that I would definitely read while relaxing on your patio with your favorite beverage. The content isn't super heavy, so you can afford to have a drink in hand while you read - even if that means you'll forget a little of what you read. That's it for today. Thanks for listening! My name is Ashley Micciche and this is the Retirement Quick Tips podcast. ---------- >>> Subscribe on Apple Podcasts: httpstr://apple.co/2DI2LSP >>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs >>> Visit the podcast page: https://truenorthra.com/podcast/ ---------- Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance
La psicología del dinero, es un libro escrito por Morgan Housel, que explora cómo las emociones y los comportamientos humanos influyen en nuestras decisiones financieras. En este libro, Housel ofrece una serie de consejos prácticos para mejorar nuestra relación con el dinero y tomar decisiones más inteligentes y eficaces. A través de sus consejos prácticos y ejemplos convincentes, Housel demuestra cómo la comprensión de nuestras propias emociones y comportamientos puede ayudarnos a construir un futuro financiero más sólido y seguro.¿Qué se me quedó en este resumen? Comenta en el video de YouTube.Si quieres comprar el libro aquí te dejo el link:En Inglés - hhttps://amzn.to/3ziGMwzEn Español- https://amzn.to/3lSbVEbPRONTO EL EVENTO QUE TRANSFORMARA TU 2023Lista de esperahttps://forms.gle/9YzNMjPniTKYbVJh9Episodio traído a ustedes por @drawisco. Si tienes niños con mocos, ella puede atenderlos desde la comodidad de tu hogar.https://www.canva.com/design/DAEZIH9npKE/b6FsHMt2yjlRKgC9fAib7w/view?website#2022Si quieres crear una estrategia para tu vida, coordina tu cita aquí: https://linktr.ee/CarlosFigueroaAñade 10 horas a tu semana!!! Guía Gratis. (Por Tiempo LIMITADO)https://mailchi.mp/07bcc6ddabe1/10horasmasatusemanaRedes Carloshttp://www.tiktok.com/carlosefigueroaprhttp://www.instagram.com/carlosefigueroaRedes Gana Tu Díahttp://www.instagram.com/ganatudia http://www.tiktok.com/ganatudiahttp://www.ganatudia.cominfo@ganatudia.com
On this episode of Gone Boss we talk with Jennifer Housel of Cobalt Civil in Winchester, Indiana.
Few topics take up more space in our brains than money. Unfortunately, most of the available guidance falls short, applying only to a specific moment in time or a very small subset of the population. There are a handful of exceptions, and today's guest – who's book The Psychology of Money continues to be one of the most recommended books in the world on the subject almost three years after it was published, is one of those. Welcome to the Catalyst 360 podcast. Today's gem is a discussion we had with Morgan Housel, former columnist for the Wall Street Journal and author of the global best-selling book The Psychology of Money. I grew up the son of an accountant, have been saving money and investing since my early teens, earned an MBA in my 30's, and have read most of the top books on money released in recent decades. But none of the guidance learned across those experiences topped this one. The interview with Mr. Housel is one of my favorites due to the way his insights apply to ALL of us, regardless of our current financial situation. Looking for weekly tips, tricks and turbo boosts to enhance your life? Sign up for the CATALYST 5 here, a brief weekly bullet point list of 5 ideas, concepts or boosts we've discovered to improve your personal and professional life!For more information about the Catalyst Community, earning your health & wellness coaching certification, the annual Rocky Mountain Coaching Retreat & Symposium and much more, please see https://www.catalystcoachinginstitute.com/ or reach out to us Results@CatalystCoachingInstitute.com If you'd like to share the Be A Catalyst! message in your world with a cool hoodie, t-shirt, water bottle stickers and more (100% of ALL profits go to charity), please visit https://teespring.com/stores/be-a-catalyst If you are a current or future health & wellness coach, please check out our Health & Wellness Coaching Community on Facebook: https://www.facebook.com/groups/278207545599218. This is a wonderful group if you are looking for encouragement, ideas, resources and more. Finally, if you enjoy the Catalyst 360 Podcast, you might also enjoy the YouTube Coaching Channel, which provides a full library of freely available videos covering health, wellness & performance: https://www.youtube.com/c/CoachingChannelContact us: Results@CatalystCoaching360.comTwitter: @Catalyst2ThriveWebsite: CatalystCoaching360.com
In today's episode, Anthony talks with award-winning author, Morgan Housel. Housel's book The Psychology of Money has sold over 3 million copies worldwide and has been translated into 53 languages. They get to the root of what our relationship with money can tell us about ourselves, discussing the real definition of wealth, approaches to investing, saving and more.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
How does it feel to invest at a young age? That's what our guest Brendon Davis will share with us on today's episode. At an early age, this gentleman began his investment journey with a small amount of money in his pocket. Under the guidance of his mentor and after reading a number of investment books, he decided to take the plunge. While it wasn't an easy route for him since he encountered problems along the way, he views it as a learning experience. Following that, he decided to collaborate with his brother, and together their business built an impressive portfolio because their abilities blended well together. Brendon Davis comes from a long line of first responders. His father and uncle have both been in this profession for generations, which influenced him to follow in their footsteps. But he did not stop there; investing in real estate has intrigued him since he was a child. Being driven by a mentor and reading a lot of investment books. At the age of 20, he bought his first apartment building. Together with his brother Austin and their friend Dominic, they built their own company. Why you need to check today's episode: Learn about the ways you can invest if you do not have the money to do so. Which methods could you use to start? Understand how FHA loans work and the requirements for getting one. If you had no idea that the house you bought was a bad investment for you, how would you handle it? Discover what a Land Contract is and whether it's the right option for you as a buyer or seller. “It's all about finding the right deals and making sure that you're getting into the right deals for the right reasons for sure.” - Brendon Davis Topics Covered: 1:09 - “I started in the fire service when I was 22. My father, it's kind of been one of those things that just runs in the family. My father was a fireman, my uncle was a fireman, and my uncle's uncle was a fireman. So everybody kind of went in that direction.” Brendon explains how he got into the service and why he decided to follow this path. 6:22 - “So I bought my first four units when I was 20. And I've utilized a mentor and my coach kind of help me through that path and, kind of get my foot in the door in real estate. So that's kind of how I started.” Why did he decide to enter the real estate industry? Why did he think that this was a good investment? 10:21 - “I did it the old school way, there are so many different ways to do it now. And it's so nice to have the resources at your fingertips. But at the time, the strategy was to go around, write all the addresses down, and bring all the addresses down to the tax assessor. It's public information, you can find out who owns the property, and send them a letter.” Despite only having a little money in his pocket, Brendon shares how he started his investment. At the time, what were his strategies? 13:36 - “Those not familiar, could you explain why the FHA loan is a benefit, I'm sure Tyler could touch on that also, and going with a multifamily property, using an FHA loan, kinda like what the benefits were, what that looked like for you financially because I would imagine you were living for either next to nothing or actually making a profit by living there.” Tyler, Mike, and Brendon discuss the benefits of an FHA loan 17:04 - “So that building I did end up giving back to him because it was a complete nightmare. It was bad from the get-go. There were bad tenants. There was one main tenant that was kind of scaring some other tenants out. It was not a great neighborhood. Basically, the straw that broke the camel's back was somebody thought I shut their water off. It was a duplex that had the units all split up. And there was a water pipe that went outside they thought that I shut the water off. But in actuality, it froze. Because they weren't paying their rent they thought to shut it off. And they went down and turn every spigot in the basement and the steam radiators. It was water everywhere. It was bad.” Every bad experience teaches you a lesson. Buying a bargain does not always mean getting a good deal. It is inevitable that you will face problems from time to time. But experience is your best lesson in life. 22:56 - “The land contract just says that it's a contract between a buyer and a seller, nothing really changes hands. As far as the mortgage, the deed doesn't change hands. So everything kind of stays in the seller's hands.” Here's what Brendon explains about a land contract. In what way does the transaction work between the buyer and the seller? 28:56 “Creative to me is just so impressive because it literally opens your bucket. I mean you're casting a much wider net. And it's interesting to me, as far as that goes. And it's weird cuz like I said, California until recently, I haven't really heard it. And now it's definitely becoming a buzzword with interest rates going back up and I know in the 70s and 80s It was huge too. So I'm sure it will be cut and become much more commonplace. So people can that are listening. If they can educate themselves on any type of creative finance, whether it's owner financing or anything of the sort, I think it'd be a huge benefit in the next couple of years. As Tyler points out, creative financing offers investors a number of advantages. 31:26 - “My brother and I kind of partnered and I realized he's very mechanically inclined, we have a really good partnership, we can walk through a building and obviously, through the fire department, I have a pretty good grasp of construction as well. But I utilize him or we utilize each other for each other skills. And my skill set is more towards the deal, finding the marketing, leasing, and stuff like that he is more geared towards the construction. And so we really kind of found a good partnership with that we did a couple of burrs, and we did another house hack. The partnership Brendon had with his brother succeeded because they blended well together. Their portfolio looks good and their collaboration is working well. 33:57 - “So that's one aspect of the value add that we use, the coin app was already there. That's a nice feature for some tenants, especially in a rural area where that is so that way, they're not having to go far if there's no unit laundry. And then as far as the development, my brother and I, have a separate project on one of the first eight units that we bought, which has some land that is buildable that we're working on right now. But this but we look through it.” There is an opportunity to generate additional revenue by offering a coin-operated laundry on-site. 48:20 - “I think if you're gonna raise funds with just people in your direct ecosystem, keeping it simple not to insult their intelligence, obviously, but just explaining on a very elementary scale, like what it looks like.” How to raise funds with just people in your ecosystem. 55:39 - “Focus, I've done a lot of stuff between doing the fire department and trying to have your regular day job. And then we created a framing company at one point, we let some of our apartments go to have a lot of people and rent collections because we didn't have the time to go over and fix the apartments once they were the tenants vacated because we were spread too thin between doing contracting and framing.” A piece of advice Brendon would give to himself when he was younger Key Takeaways: “There wasn't a lot of capital outlay at first, but I believe I spoke to him last week, I believe they ended up selling it too. And I was like, to your point, my thought was man, just rip the band-aid off right now that is sometimes a bad property is a bad property no matter what you do. It's just not going to pencil out. And I said, Just rip it off. Now. Move, we'll move along and just, hey, it's a mistake, right? Or not a mistake. It's a good learning experience.” - Tyler Thrush “Part of being creative, too, sometimes is like, what we've always found is like, you got to be a problem solver. And a lot of times some solutions can come up through problem-solving that can kind of benefit both parties. And creative financing is a big one. Because a lot of times now, with the bigger properties that we're looking at there, you gotta go off the market, you're going direct to the seller a lot of times, and not everybody's looking to sell right away. So we've always taken to the idea of like, then if you have a problem, we'll figure out how to solve it.” - Brendon Davis “If I own a property and say, my mortgage payment is $1,000. I could sit there and add the taxes, I could add up the insurance. So let's just say that's $1,200 I could then go sell it to Brendon, for an agreed-upon price. So let's just say I owe 100,000, I might sell it to him for 150. And then I can roll that mortgage payment of 1000 plus the taxes and insurance that are escrowed into that so he would pay me 1200 bucks a month. I would pay my mortgage payment and then whenever he paid his last payment, the deed would transfer legally to him. So it's a creative structure. It's a way that basically you can buy the property with maybe a little out of pocket, or maybe somebody that's ready to just retire, whatever the case may be. Again, and it's largely state-specific, there are certain languages and contracts that are used in different parts of the country. So I would encourage you if that's something that's interesting, like just dive into your state-specific laws, because it's, it's not easy to paint with a broad brush on a lot of that stuff. But that stuff blew my mind. I didn't know that was an option when I got into real estate.” - Mike Webb “If you listen to the news right now it's like oh, the markets are terrible all these things. Yet, Blackstone chases all these multi-billion dollar companies that are all raising and deploying funds into real estate. So it's just it's so funny how I think it's a distraction for us. But man, there's a lot of money to be made right now. “ - Tyler Thrush Resources Mentioned: Rich dad poor dad: Rich Dad Poor Dad: The #1 Best-Selling Personal Finance Book Ever The Art of the Deal: Trump: The Art of the Deal by Donald J. Trump | Goodreads Shut Up, Stop Whining and Get a Life: Shut Up, Stop Whining, and Get a Life: A Kick-ButtApproach to a Better Life-Second Edition, Revised& Updated: Winget, Larry: 9781118024515: Amazon.com: Books Traction: Traction by Gino Wickman | Goodreads Psychology of Money: The Psychology of Money: Timeless lessons on wealth, greed, and happiness: Housel, Morgan: 9780857197689: Amazon.com: Books Connect with Brendon Davis Linkedin: DAB3 Group, LLC: About | LinkedIn Facebook: DAB 3 Group, LLC | Facebook Website: Our Story – D.A.B 3 Group (dab3group.com) Connect with First Responder Financial Freedom: Website: https://firstresponderfinancialfreedom.com/ Facebook Page: https://www.facebook.com/First-Responder-Financial-Freedom-104285545708905 Facebook Group:https://www.facebook.com/groups/516680892660393 YouTube: First Responder Financial Freedom - YouTube
Money is often a messy and complicated topic that provokes a lot of anxiety. Today's show is the first episode of a two-part series on managing our relationship to money and understanding what role money really plays when it comes to our happiness. Morgan Housel is the author of The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness. Translated into over 50 languages with over two million copies sold, Housel is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, winner of the New York Times Sidney Award, and a two-time finalist for the Gerald Loeb Award for Distinguished Business and Financial Journalism. In this conversation we talk about: The difference between happiness and contentmentThe difference between being rich and being wealthyThe elusive but crucial concept of “enough”The importance of not moving the goalposts when it comes to enough-nessWhy financial success is more about behavior than intelligenceHow our lived experiences impact our perspectives on money Full Shownotes: https://www.tenpercent.com/podcast-episode/morgan-housel-543See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
What are the five money rules you should follow while you're still young, or "regret it later in life"? We recently read an article written by Morgan Housel for CNBC. You can find the article here: https://cnb.cx/35yNVut While the article has some great tips: (1) live below your means, (2) money disputes and relationship disputes, (3) avoid debt, (4) affordable services, and (5) career - let's just say that Mr. Housel's writing style is a bit ... direct. The article has some great tips that we discuss, some tips that we don't necessarily agree with (we love libraries and community colleges), and some tips that are in-your-face funny. We also discuss some of our "Money Rules" that were not mentioned in the article. What are some of your "Money Rules"? Please also visit our sponsors: Sam Cohen of Attorneys First Insurance for Attorneys and Title Companies looking to get a quote on Errors & Ommissions (malpractice) Insurance coverage. www.AttorneysFirst.com. Mark Purvis to help retirees who are looking for a fun and rewarding project by capturing wisdom and stories that will bless their families today and for generations to come. www.LegacySpotlight.com. Let me know if you enjoy this episode and, if so, please share it with your friends that might gain value out of listening! To contact George Curbelo, you can email him at GCFinancialCoach21@gmail.com. To contact Shawn Yesner, you can email him at Shawn@Yesnerlaw.com or visit www.YesnerLaw.com.
(***TIMESTAMPS IN DESCRIPTION BELOW***)Bobby Housel is a versatile creator who dabbles in photography, videography, animation, and writing. More notably, Bobby is known for leveraging his contacts and going on bucket list adventures at zero cost. He recently released his first ever book and is in the works of completing a co-written screen play that will eventually become a feature film.Check him out on Instagram: https://www.instagram.com/bobbyhousel/Check his website: https://bobbyhouselphoto.com/***TIMESTAMPS***0:00 - Intro5:05 - Helicopter Crash in Russia and wealthy couple and Olympic athlete murdered by Bears; Bobby living a very unconventional lifestyle and traveling the globe and MINIMAL cost; going to Egypt, Arab Spring, and the Great Pyramids mysteries 23:10 - Memories; the ability to remember exact events and when and where you were they took place; 9/11, Arab Spring, Music, Intoxicated and alternate states33:05 - Putting on ‘faces', the ability to talk to everyone with a single ‘face'; getting uncomfortable and seeing the delayed gratification and growth; importance of recharging and finding balance44:08 - Bobby's book he recently finished, the process of making it and the screenplay he started during the Pandemic; your network is who you ARE and BECOME/TA and Arlin Moore1:12:30 - Getting into The Canne Film Festival, Monaco Grand Prix, and French Open ALL for Free; Giving out his phone number and WHY he is okay with it; the power of the COLD email/letterYouTube EPISODES:https://www.youtube.com/channel/UCyLKzv5fKxGmVQg3cMJJzyQ/videos~Song provided by: Ayush Garg
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