The Prof G Pod with Scott Galloway

How to Talk About Money, Raise Independent Kids, and Build Real Wealth — ft. Morgan Housel

169 snips
Nov 10, 2025
In a compelling conversation, bestselling author Morgan Housel, known for his insights in The Psychology of Money, dives into the complexities of money and parenting. He shares how income gaps can impact relationships and the morally gray area of college admissions consulting. Housel emphasizes that the best investment in your 20s is not in stocks, but in developing good habits. This episode is a treasure trove of practical wisdom for anyone looking to achieve financial independence while raising children.
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INSIGHT

Money Often Becomes A Scorecard

  • Money differences in couples are less about dollars and more about keeping score in the relationship.
  • Quantifiable earnings can overshadow unquantifiable contributions like caregiving and empathy.
INSIGHT

Income Reversal Carries Emotional Weight

  • Role expectations and evolutionary history make income-flip situations emotionally fraught.
  • Scott notes higher divorce and ED rates when women out-earn men, showing real social consequences.
ADVICE

Let Teens Own The College Application

  • Do let teenagers apply for college on their own to test readiness and build confidence.
  • Avoid doing every line of their application or hiring consultants that replace the student's effort.
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