Morgan Housel: The Investing Expert’s Tips to Getting (& Staying) Rich

Video Description

Episode #510 Morgan Housel’s ground-breaking book, “The Psychology of Money,” changed how many Americans thought about saving, spending, and investing. Through a collection of financial lessons, Morgan opened up new thought patterns for many of us, showcasing that getting rich isn’t as complicated as you might think, but staying rich can be the actual challenge. Now, this personal finance powerhouse is back with a new book, “Same as Ever.” In “Same as Ever,” Morgan doubles down on what has, and most likely always will, work in the personal finance world. By showcasing some of the most commonly repeated financial events of the past, we can better shape our understanding of what will happen in the future and use history to our advantage to build even bigger wealth, enjoy our lives even more, and not repeat our past mistakes. But this episode goes much deeper than that. We talk about why so many Americans will die without building wealth, why people are afraid to invest, when to spend your wealth once you’ve built it, and exactly how Morgan invests his own money. Plus, why getting rich isn’t your biggest concern—staying rich is. Show Notes at: https://link.chtbl.com/Money ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media ~~~~ Join the BiggerPockets Money Facebook Group: https://www.facebook.com/groups/bpmoney ~~~~ Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch ~~~~ Find Investor-Friendly Lenders: http://biggerpockets.com/findlenders ~~~~ Grab Morgan’s Books: The Psychology of Money: https://store.biggerpockets.com/products/psychology-of-money?utm_source=youtube&utm_medium=description&utm_campaign=none Same as Ever: https://www.amazon.com/Same-Ever-Guide-Never-Changes/dp/B0C1HRH2RH/ ~~~~ The Simple Path to Wealth—Index Funds Explained with JL Collins: https://www.biggerpockets.com/blog/biggerpockets-money-podcast-20-the-simple-path-to-wealth-index-funds-explained-with-jl-collins?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ How to Get Rich Without Investing in Real Estate: https://www.biggerpockets.com/blog/money-475?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Connect with Morgan: Blog: https://collabfund.com/blog/ Twitter: @morganhousel or https://twitter.com/morganhousel ~~~~ Want to Be a Guest on the BiggerPockets Money Show? Apply Here: Guests: https://www.biggerpockets.com/guest?utm_source=youtube&utm_medium=description&utm_campaign=none Finance Friday: https://www.biggerpockets.com/financereview?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Connect with Scott and Mindy on BiggerPockets: Scott: https://www.biggerpockets.com/users/scotttrench?utm_source=youtube&utm_medium=description&utm_campaign=none Mindy: https://www.biggerpockets.com/users/mindyjensen?utm_source=youtube&utm_medium=description&utm_campaign=none 00:00 Intro 00:58 Why Financial History Repeats 07:20 Why So Many Americans Die Broke 11:15 The Competition of Life 14:29 Why Are People Afraid to Invest? 17:14 Going from Broke to Wealthy 23:12 Getting vs. Staying Rich 26:09 How to Get Your Best Work Done 30:21 How Morgan Invests His Money 34:04 Is Real Estate Investing Worth It? 38:35 Financial Regrets 40:40 Connect with Morgan! 41:37 Invest Money Like Morgan!