Top Audiobooks | Essential Insights HE HAD $7 MILLION. HE LOST $5 MILLION.
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At 31, Leo sold his company for 7.3 million dollars. He was financially free. Eighteen months later, he was staring at a catastrophic number on his screen: negative 72%.
He followed a financial 'guru', bet everything on complex stocks and volatile cryptocurrencies, and in a fit of arrogance, set his fortune on fire. He wasn't just poor again; he was a fool.
This immersive narrative brings the central ideas of 'The Psychology of Money' to life. It’s a story about the crucial difference between getting rich (which requires risk) and staying rich (which requires humility).
In this episode, you will discover:
LUCK vs. RISK: Why financial success (like Bill Gates's) is often a product of luck, and failure a product of risk—and why you can't blindly copy either one.
THE POWER OF DOING NOTHING: The story of Samuel, the janitor, who became secretly wealthy not by being a genius, but by mastering the one thing that matters: time and compounding.
WEALTH IS WHAT YOU DON'T SEE: Why the sports car and the luxury loft were signs of Leo's poverty, and why true wealth is the unspent money that buys your time.
THE GOAL: 'ENOUGH': How the hunt for 'more' (the disease of moving the goalposts) led a $100M CEO to prison, and why the only way to win the game is to stop playing it.
(Disclaimer: This is an original narrative and commentary, created for educational purposes and is not affiliated with the original author or publisher.)
FOLLOW THE PODCAST: If you're ready to stop playing a game you can't win and start building real wealth, hit "Follow" right now.LEAVE 5-STARS: If this story changed your psychology on money, a 5-star rating helps us reach more curious minds.SHARE: Know someone who is brilliant, but terrible with money? Share this episode.
Keywords: Psychology of Money, Morgan Housel, how to get rich, how to stay wealthy, compound interest, financial independence, financial freedom, Warren Buffett, investing psychology, financial anxiety, audiobook, full audiobook, storytelling audiobook, business parable.