The Diary Of A CEO with Steven Bartlett cover image

The Diary Of A CEO with Steven Bartlett

The Savings Expert: “Do Not Buy A House!”, How To Turn £100 Into £1.5m Without Effort: Morgan Housel

Nov 6, 2023
Morgan Housel, a partner at Collaborative Fund and best-selling author, dives deep into the psychology of money and its influence on happiness. He emphasizes the importance of feeling in control of your finances and the futility of material possessions. Housel highlights why renting can be more beneficial than buying a house until you have kids, and discusses the unpredictability of financial crises. He shares insights on how personal tragedies shape financial goals and stresses the growth that comes from overcoming challenges.
01:57:12

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Having control over your finances and the ability to make independent choices about where you live, work, and retire is crucial for building wealth and finding happiness.
  • Instead of focusing on trying to beat the market or making risky investments, it is better to prioritize saving and developing the endurance to sustain your investments over a long period of time.

Deep dives

Importance of Independence and Control

Having control over your finances and the ability to make independent choices about where you live, work, and retire is crucial for building wealth and finding happiness.

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