AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
#222 - Morgan Housel - How To Become Wealthy, Stay Wealthy & Be Happy
Modern Wisdom
Getting Rich vs Staying Rich
Getting wealthy requires optimism, swinging for the fences. Staying rich requires a pessimism about the short run. If you're just going to save your money in cash and cdees then you'll never get rich. You have to foster both those and they are conflicting skills. There's a lot of turnover on the forbes list of billionaires,. It's because they're peoplewho became very rich, but had no skill at staying rich.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode