The Game Changing Attorney Podcast with Michael Mogill 285. Morgan Housel — Mastering the Psychology of Wealth: Beyond Money and Success
If you think that simply earning more money will solve your financial woes, think again.
Morgan Housel — partner at The Collaborative Fund and New York Times Bestselling Author of The Psychology of Money — has cracked the code on mastering the intricate dance between wealth and human behavior.
His research has proven that true financial success is not just about accumulating wealth but understanding the psychological forces that drive our financial decisions.
In this episode of The Game Changing Attorney Podcast, Morgan and Michael Mogill discuss:
- The critical difference between getting wealthy and staying wealthy
- Why your personal experiences with money shape your financial decisions more than you realize
- How to prepare for economic events that you can't see coming
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Show Notes:
00:00 – Introduction
01:28 – The Psychology of Money with Morgan Housel
04:15 – The Evolution of Retirement
08:28 – The Role of Luck in Success
13:28 – The Relativity of Wealth
19:16 – Money and Happiness
22:13 – Finding True Happiness Beyond Wealth
23:31 – The Dichotomy of Getting and Staying Wealthy
25:55 – The Ego and Financial Management
28:08 – The Man in the Car Paradox
33:19 – Preparing for Unforeseen Economic Events
37:24 – Defining True Success
42:02 – Advice from the Wealthy: Passion vs. Practicality
45:15 – Closing Thoughts and Takeaways
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Links & Resources
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Past guests on The Game Changing Attorney Podcast include David Goggins, John Morgan, Alex Hormozi, Randi McGinn, Kim Scott, Chris Voss, Kevin O’Leary, Laura Wasser, John Maxwell, Mark Lanier, Robert Greene, and many more.
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