"No lesson is more persuasive than what you've experienced firsthand," he says. "You would not be in this position today unless you were so scared about what happened back then" The Robinhood generation are investing the worst way possible, but at least they're going to learn from their mistakes and make better decisions next time. He adds that young people have to demonstrate way more discipline than I did or even you did today.
Morgan Housel, a partner at The Collaborative Fund, and author of “The Psychology of Money,” joins Scott to discuss the behaviors to consider when it comes to building wealth and the importance of earning, saving, and investing. Follow Morgan on Twitter, @morganhousel.
Scott opens with his thoughts on Meta’s move to subscription + our society’s problem with ageism and sexism.
Algebra of Happiness: know how to de-escalate a situation.
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