The Diary Of A CEO with Steven Bartlett

The Savings Expert: They're Lying To You About Buying A House! Tariffs Are About To Skyrocket Cost Of Living! Here's The Truth About America Collapsing!

3076 snips
Apr 28, 2025
Morgan Housel, a partner at Collaborative Fund and bestselling author of ‘The Psychology of Money’, dives into financial truths that challenge conventional wisdom. He discusses the hidden dangers of homeownership and warns about America's economic fragility, including the looming effects of tariffs and a staggering $30 trillion debt. Housel advocates for rethinking traditional views on wealth and emphasizes the importance of savings and financial independence amid rising living costs and the impact of AI on job security.
Ask episode
AI Snips
Chapters
Books
Transcript
Episode notes
00:00 / 00:00

Tariffs Threaten Global Economy

  • Tariffs can severely disrupt the global economy and consumer goods availability.
  • Removing tariffs instantly is possible, unlike past crises, so the situation is uniquely resolvable.
00:00 / 00:00

Save For Economic Downturns

  • Save money as a financial cushion to protect against economic downturns.
  • Having savings provides control over supporting your family during recessions.
00:00 / 00:00

Endurance Builds Wealth

  • Patience and endurance are key traits of people who consistently build wealth.
  • Endurance outperforms quick success for long-term financial growth.
Get the Snipd Podcast app to discover more snips from this episode
Get the app